Global shipments of organic light-emitting diodes (OLEDs) totaled $3.2 billion in 2011 and $4.9 billion in 2012, according to a new technical market research report from BCC Research. Total OLED shipment value is expected to reach $20.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 32.6%.
The market for OLEDs can be broken down into three segments: displays, lighting, and sensors.