At Aesthetic Lighting Solutions, we recently published a blog article detailing just why organic light-emitting diodes (OLEDs) could feasibly become a major player when it comes to both home and commercial lighting. In layman's terms, an OLED is made from organic matter, hence the name, which illuminates when charged with electricity. They are smaller, thinner and more flexible than regular LEDs, which gives them even greater versatility.
OLED-ing the way…
It seems as though the world is beginning to sit up and take notice of the huge potential of OLEDs. Figures released by Navigant Research have projected that global shipments of the luminaries are set to reach 300,000 by 2025, largely fuelled by falling prices and increasing availability. Business Wire reports that although it is unlikely that OLEDs will ever manage to better standard LEDs when it comes to cost, the price will fall enough to at least allow the consumer to make an informed choice between the two.
"OLEDs hold the promise to revolutionise architectural lighting through their superior aesthetic quality and new form factors," mentions Benjamin Freas, principal research analyst with Navigant Research. "As prices have declined, OLED adoption has made inroads into the applications where a premium is placed on quality."
It seems as though the world is beginning to sit up and take notice of the huge potential of OLEDs.
The lowering in price of OLEDs is set to go hand-in-hand with their enormous versatility, making them even more attractive to those looking for new lighting design. They are especially popular in decorative, task and accent lighting, and are now being used in high-end television sets.
LED it be
Navigant Research's report came to its conclusion that OLEDs are only set to grow in popularity by looking at a broad range of factors. They examined the current lighting market and the trends it is following, as well as the latest technological advances in the lighting industry. Additionally, the report also took a look at the core technologies that OLED lighting utilises, to come up with the bold projection.
However, it appears that OLEDs still have a long way to go before overhauling their better-known older brothers. At present, the LED market is a staggering 100 times larger than the OLED one, and is also growing at an extreme pace, as we at Aesthetic Lighting Solutions know only too well. Nevertheless, a piece of healthy competition never hurt anyone, and it can only be good for consumers as both types of LED attempt to outdo each other – with higher-quality products, of course!
Be sure to contact the team at Aesthetic Lighting Solutions if you're thinking about upgrading your lighting system to a modern LED one.