OLED Sales Predicted To Be 185 Million By 2014

Market intelligence specialists, iSupply, have predicted that OLED Sales will reach around 185 million by 2014.

The group ads that the superior quality of OLED televisions compared to current flat screens is clear. The only issue is the ability to mass produce OLED screens at an affordable cost.

However, iSupply is confident that OLED sales will rise sharply over the next few years but will remain tiny compared to LCD/Plasma sales. iSupply says 2.7 million OLED units were sold in 2007 representing a value of around $67 million.

2014 is expected to be a much healthier time for OLED products. iSupply’s forecasts translate to a growth rate of around 84% each year — the OLED market will be worth $4.6 billion.

The recent launch of the Sony XEL-1 OLED TV went down well with industry experts as well as consumers, who were literally amazed by the size and quality of the product.

With aggressive cost cutting and efficiency improvements, OLED units should be incorporated into mobile phones, PDAs and other hand held devices on a large scale. Small OLED screens have already been proven to give a longer battery life on any mobile devices.

Panasonic has also announced plans to produce a 40inch OLED television by 2011. Japan and China have both announced their support for the OLED industry too.