According to the latest report by IMARC Group, titled “OLED Microdisplay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global OLED microdisplay market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global OLED microdisplay market reached a value of US$ 156.25 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 571.31 Million by 2027, exhibiting a CAGR of 23.10% during 2022-2027.
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An organic light-emitting diode (OLED) microdisplay refers to a high-resolution and high-contrast display with a faster response time. It is manufactured using thin organic light-emitting films and circuits on a silicon backplane to control the individual pixels and emit light when electricity is applied. It is used in the electrical viewfinder (EVF) for digital cameras, electronic monoculars, virtual reality (VR) and augmented reality (AR) glasses, and rear-projection televisions. It offers high speed and brilliant colors, a faster refresh rate, no backlight, low power consumption, and a wide operating temperature range. As a result, OLED microdisplay finds extensive applications across the automotive, healthcare, military, and electronics industries.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
OLED Microdisplay Market Trends and Drivers:
The market is primarily driven by the rising product applications in the consumer electronics industry. Moreover, there has been a rise in the use of OLED microdisplays in digital cameras and VR headsets to offer a better gaming experience. In line with this, the shifting consumer inclination toward the miniaturization of electronic devices and a display with a cleaner image and wide view angle has augmented product demand. Additionally, the surging adoption of OLED microdisplays in the automotive industry for prototyping the virtual designing of the vehicle and its interiors has catalyzed market growth.
Furthermore, numerous technological innovations, such as the launch of ultra-high-definition and high-definition (UHD/HD) OLED microdisplays providing excellent contrast ratio with high optical performance, are positively influencing the market growth. Other factors, including the increasing product adoption in the aerospace and defense sectors for manufacturing military electronics, ongoing research and development (R&D) activities, and rising demand for medical displays and wearables, are also anticipated to drive the market further.
Global OLED Microdisplay Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
- eMagin Corporation
- Fraunhofer FEP
- Kopin Corporation
- MicroOLED S.A.S.
- (Photonis Technologies SAS)
- Seiko Epson Corporation
- Silicon Micro Display Inc.
- Sony Group Corporation
- Sunlike Display Tech Corporation
- Winstar Display Co. Ltd.
- WiseChip Semiconductor Inc
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The report has segmented the market on the basis of region, type, resolution and end use industry.
Breakup by Type:
Breakup by Resolution:
- Full HD
Breakup by End Use Industry:
- Consumer Electronics
- Law Enforcement
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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