The Gen 5 line (1,100 mm x 1,250 mm) initially produces 15,000 sheets per month, a 30-fold increase compared to the previous Gen 2 line (370 mm x 470 mm) with a monthly capacity of 4,000 sheets. Production capacity will be increased gradually.
"LG Display's move to begin mass production on the new line marks a significant turning point in the lighting industry," said Sung Soo Park, Vice President and Head of the OLED Lighting Business Division at LG Display. "We expect this to improve the price competitiveness of OLED lighting technology, which in turn will trigger the widespread adoption of OLED lighting worldwide.".
LG Display also unveiled its new Luflex brand for the company's OLED light panels. Luflex is a portmanteau of "lux" (Latin for light) and "flexibility," reflecting a core characteristic of OLED lighting: its flexibility, bendability, and rollability, making it highly design-friendly. It also creates value by offering premium sensitivity when seamlessly integrated into diverse applications, such as mirrors and furniture.
"The launch of the new brand, along with the expanded production on the new line, reflects our belief that OLED lighting has unlimited potential and demonstrates our commitment to leading the market," commented Park. "We are confident that Luflex will become a leading brand in the OLED lighting industry.".
OLED light panels offer high commercial potential for lighting manufacturers. As a lighting solution, OLED is easier on the eyes than conventional sources like fluorescent and LED, as it closely resembles sunlight and offers excellent uniformity in its luminescence. It emits virtually no heat, meaning it can be used to illuminate, for example, food displays, antique wooden furniture, or buildings.
At just 0.41 mm thick, OLED light panels are incredibly thin, and their flexibility allows them to be creatively shaped into curves or spirals—an attribute previously unavailable and impossible with other light sources. OLED lighting panels have already been adopted for experimental applications by world-renowned industrial designers such as Ron Arad and Ross Lovegrove. Clients have found that OLED lighting installations, in addition to providing simple illumination, can actually enhance the appeal of spaces.
LG Display has begun mass production of OLED taillights for automobiles, attracting the attention of automakers and Tier 1 component suppliers. For general OLED lighting, the company has established numerous installations in hotels, retail spaces, restaurants, universities, and other venues, with a growing number of customers inquiring after seeing these projects. The overall market environment is becoming increasingly positive and encouraging for OLED lighting.
According to ID Tech Ex, a market research firm, the global OLED light panel market is expected to grow at a compound annual growth rate of 52% over the next decade and expand to a value of $2.2 billion by 2026.
