Sales of organic LEDs will take the industry to a combined value in excess of $6 billion (£3.8 billion) by 2015, according to a forecast from NanoMarkets.
While existing applications are likely to account for around $4 billion in revenues by that time, there are other areas where development could increase expenditure on organic LEDs.
NanoMarkets anticipates that the use of the lighting in displays could be one of the pivotal markets for the technology.
If it can be proved to be a suitable alternative to LEDs already in use in backlighting, the analyst anticipates that organic LED technology could add $1.4 billion to its value.
Even without achieving this, the research firm still expects to see it take over from electroluminescent displays currently in use.
The report is one of a number due for publication by NanoMarkets' new channel dedicated to anticipating the emergence of organic LED technology in the years to come.