Lewes, DE -- (SBWIRE) -- 04/14/2017 -- Report forecast the global OLED lighting market to grow at a CAGR of 90.58% during the period 2017-2021.

An OLED emits light in response to an electric current. In an OLED, the emissive electroluminescent layer is a film of organic compound, which is responsible for the emission of light on application of electricity.

The report covers the present scenario and the growth prospects of the global OLED lighting market for 2017-2021. To calculate the market size, the report considers the revenue from sales of OLED lighting panels only and excludes the sales of OLED modules, drivers, and control systems.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is flexibility in design of OLED lighting panels. Products fitted with OLED technology have superior attributes such as design flexibility, low power consumption, enhanced light source, and thinner size. Design flexibility is one of the major driving attributes in the growing OLED lighting panel market.

Further, the report states that one of the major factors hindering the growth of this market is declining manufacturing cost of LEDs. The manufacturing costs of LEDs have been witnessing a continuous decline since 2012. This is mainly because of the declining ASPs of chips and components used in the manufacturing process of LED devices. This reduction in manufacturing costs is leading to a decline in the overall installation costs of LED lamps and fixtures. This is accelerating the installation of new LED lamps and fixtures across all the application segments.

Global OLED lighting Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global OLED lighting market: OSRAM, LG Display, and OLEDWorks.

Other Prominent Vendors in the market are: FIRST O-LITE, Lumiotec, NEC Lighting, Pioneer, and TOSHIBA.

Market driver
- Flexibility in design of OLED lighting panels
- For a full, detailed list, view our report

Market challenge
- Declining manufacturing cost of LEDs
- For a full, detailed list, view our report

Market trend
- Increased scope for penetration in residential and public infrastructure sector
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 35 Exhibits "Global Organic Light-Emitting Diode Lighting Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-organic-light-emitting-diode-lighting-market-2017-2021

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