Organic electronics is rapidly making its way out of the lab and into real world applications, according to NanoMarkets. The firm is set to release a new report that finds the market for products such as OLEDs, organic thin-film transistors and other electronic products made from organic materials will grow from $1.4 billion in 2007 to $19.7 billion by 2012 and then go on to reach $34.4 billion in revenues by 2014.
From the report: OLED displays are no longer just for low-end MP3 players and cell phone sub-displays, they are becoming part of the latest mobile electronics concepts including LG’s ebook laptop and Sony-Ericsson’s ultra-slim cell phone.
Wireless device manufacturers are attracted by OLED technology’s low power consumption and excellent video qualities which mesh well with the needs of the burgeoning mobile video market. By 2012, the OLED industry including display, signage and lighting applications is expected to reach $10.8 billion.