Hyunjoo Kang / Reporter / firstname.lastname@example.org
Last year, the global LED market recorded its first decrease. This is analyzed to be due to aftermath of price competition. the spread of OLED is also one of the reason.
According to recent report of LEDinside, the global LED market recorded revenue of US$ 14.32 billion in 2015. This is a 3% fall compared to 2014, and this is the first time that this market recorded a fall.
This is judged to be due to intense price competition from the oversupply. In fact, 2015 LED’s ASP (average selling price) fell by over 40% compared to 2014 due to price competition.
Along with this, OLED lighting market growth is also becoming one of the factors in LED market depression.
OLED lighting panel is more expensive, and still has technical issues. However, it is light and flexible, and technical issues are gradually improving; OLED lighting market is continuously growing. Above all, that it can create a new market that did not exist in the existing lighting sector is receiving much attention.
IDTechEx forecasts that the OLED lighting panel market will reach US$ 1.8 billion in 2025.