LONDON, May 6, 2010 /PRNewswire/ -- Light-Emitting Diode (LED) and Organic Light-Emitting Diode (OLED) devices will enhance their presence into the general lighting market, including residential, retail display outdoor, and off-grid applications, over the next three years. Despite the economic downturn, these product markets are poised to exhibit strong growth primarily driven by emergence of new applications such as automotive, medical and military. Increased penetration of solid state lighting in many existing applications such as backlighting and mobile displays will continue to be important; consequently white LEDs will become a more significant part of the market.
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These market developments will be discussed during Frost Sullivan's next quarterly Analyst Briefing on the European LED/OLEDs Markets on Thursday, 13 May 2010, at 15.00 BST.
OLED devices are seen as the next generation of components for lighting and displays. Whilst challenges such as short life time, high costs and complexity of manufacturing of OLEDs, efficiency and luminance still remain, it is expected that the global market for OLEDs will grow at a CAGR of 16% from 2008 to 2015.
After the decision made in December 2008, the European Commission implemented a ban on the sale of 100-watt conventional incandescent light bulbs from September 1, 2009. All light bulbs of more than 75 watts will be banned in 2010, followed by 60-watt bulbs in 2011 and 40-watt bulbs in 2012. Over the coming years about eight billion incandescent light bulbs will be replaced by energy-efficient solid state alternatives such as LEDs and OLEDs creating unmatched opportunities for companies in the value chain across all applications, states Santosh Kumar P, Industry Analyst for Electronic Devices group.
Highlights of the briefing include analyses of market sizing, crash parts market sizing, and also component and chemical purchasing.
The briefing will benefit companies who supply components such as LED/OLED materials, driver ICs and circuits, backplane substrates, etc., and also manufacturers of FPD screens and power supplies, LED chips, module suppliers, Original Equipment Manufacturers (OEMs) and resellers of LEDs/OLEDs products globally.
To participate in the briefing, please email Joanna Lewandowska at joanna.lewandowska@frost.com with the following information: your full name, company name, title, telephone number, e-mail, address, city, state and country. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
About Frost Sullivan
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CONTACT:
Joanna Lewandowska Corporate Communications P: +48-22-390-41-46 E: joanna.lewandowska@frost.com
SOURCE: Frost SOURCE: Sullivan
CONTACT: Joanna Lewandowska, Corporate Communications of Frost Sullivan,+48-22-390-41-46, joanna.lewandowska@frost.com
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