n-tech (Nanomarkets)

n-tech Research released a new Micro-LED market report in which they estimate that the market will grow from $2.7 billion in 2019 to over $70 billion in 2027. The markets for Micro-LED displays, according to n-Tech, will include wearables, near-eye displays, HUDs, projection displays and extra large area displays.

All of these applications will benefit from the small size, low weight, high brightness and high resolution of Micro-LED displays. Extra large-area displays will benefit from the linear scalability of Micro-LED displays.

n-tech Research (Nanomarkets) released a new report (OLED Materials Markets 2015-2022) in which they see the OLED materials market growing from $970 million in 2015 to over $4.4 billion in 2020 and $9.7 billion in 2022.

n-tech sees positive development in OLEDs for mobile devices and wearables, but "some uncertainty" in OLED TVs and OLED lighting. n-Tech is also seeing pricing pressures that will accelerate with the expiration of key IP over the next few years, although novel value-added materials (such as better emitters, TADF materials and a deep blue PHOLED emitter) may offset this somewhat.

N-Tech Research (Nanomarkets) released a new OLED lighting report (OLED Lighting 2015-2022). The company acknowledges that OLED lighting still lacks the momentum they expected by now, by they still see the OLED lighting market reaching $1 billion in sales by 2020 and over $2.2 billion by the end of 2022.

N-Tech says that we've seen impressive gains with OLED performance, and they expect to see increased emphasis on efficacy now. But of course the biggest issue with OLED lighting is the cost, and suppliers remain cautious and so the capacity expansion that is needed to lower costs are not here yet.

Nanomarkets released a new report covering the transparent OLED display market (Transparent OLED Displays 2014) in which they forecast that the market will be dominated by LCDs in the next several years, but OLED participation will rapidly pick up. By 2019, transparent OLED display sales will reach almost $150 million, and this will grow to almost $700 million by 2021.

There are still some major challenges on the road to transparent OLEDs, but these issues are gradually being solved. The major challenges, according to Nanomarkets, are ITO replacement and excessive light loss compensation.

Nanomarkets released a new report that covers the opportunity for OLED lighting in the automotive sector (OLED Automotive Lighting - 2014). Nanomarkets forecasts that this market will be significant for OLED lighting makers, and in 2019 almost a million OLED panels will ship for automobiles (over 150,000 luminaires).

In terms of panel revenue, the market will remain very small - a few million dollars in the next couple of years, $9 million by 2017 and about $68 million in 2021. Luminaries revenue will be higher of course: $20 million by 2017 and $135 million by 2021.

Nanomarkets released a new OLED materials market report, in which they forecast that the OLED material market will grow from $900 million in 2014 to $3.7 billion in 2019. Almost 45% of material revenues will come from the core functional materials (the OLED stack, as we call it: EML, ETL, HTL/EBL and HIL). The rest of the materials are electrode, encapsulation and substrate materials.

According to Nanomarkets, OLED TV future is still uncertain, especially since Samsung is "having second thoughts about this business" (I don't really agree with them on that). Nanomarkets still expects strong OLED display growth on from smartphones, tablets and wearables. Solution processing is making good progress, and Nanomarkets expects the soluble material market to grow from $40 million in 2014 to $335 million in 2019.

Nanomarkets released a new OLED lighting report (OLED Lighting Markets 2014) in which they predict that the OLED lighting market will grow into a $1.4 billion market in 2019. Nanomarkets are now more optimistic regarding OLED lighting due to recent manufacturing expansion and improvement in performance.

While currently most of the OLED lighting panels produced was used in development kits for designers, in the next few years Nanomarkets predicts that real commercial OLED luminaries will start to appear. In 2019, revenues from OLED luminaries for homes will reach almost $400 million and office luminaries will reach almost $380 million.

Nanomarkets released a new report on Quantum dots (Market Opportunities for Quantum Dots in Lighting and Displays) in which they discuss, QD-Enhanced LCDs, light-emitting QDs (QDLEDs) and QD in lighting. They say that QDLEDs may challenge OLEDs in the future as they are more efficient and last longer. Nanomarkets forecasts that in 2018 QD-LED sales will reach $7.3 billion.

The Quantum Dot material market will reach $200 million in 2018 and this will grow to $560 million by 2020. QD-Enhanced LCDs (which are already by sold by Sony) will grow to reach $10.5 billion in retail by 2016. Most companies will license the technology although some big display companies are dong their own R&D.

Merck posts an interesting presentation detailing the company's OLED business. And it includes some interesting details. So first of all, Merck says that if OLEDs advances further, it could gain a meaningful share in the TV market. In fact, they forecast OLED panels to grab 10-15% of the total display market by 2019. By surface area, the market will grow to around 50 km², mostly from OLED TV applications.

Merck is still focused on OLED printing technologies over evaporation technologies as the technological advantages will enable cheaper large area panels. According to this presentation, in 2010 Merck started to collaborate with Epson on printable OLEDs (which is interesting as officially they announced this alliance in October 2012). Anyway Merck says that this alliance created a "significant momentum" in OLED printing technology. as you can see from the chart below which shows Merck's OLED development advances over time:

Nanomarkets published a new edition of their OLED Material Market report, and they have some interesting forecasts and insights. Basically the company is upbeat on OLED displays for mobile devices, and the OLED TV market as well. While they are still cautiously optimistic that the long-term prospects for OLED lighting, they say that it will take many more years for this to become a major outlet for OLED materials.

Nanomarkets projects that the total market for OLED materials will grow from about $450 million in 2013 to over $4.6 billion by the end of 2020 - mostly from mobile displays and OLED TVs. Core OLED materials (emitters, hosts, dopants, HIL, HTL, etc. but excluding substrates, encapsulation, electrodes, etc.) will grow from $265 million in 2013 to over $1.6 billion by 2020.