The global OLED microdisplay market size reached US$ 192.8 Million in 2022. Looking forward, the publisher expects the market to reach US$ 670.9 Million by 2028, exhibiting a growth rate (CAGR) of 22.3% during 2023-2028.
An organic light-emitting diode (OLED) microdisplay refers to a miniaturized high-resolution display that offers faster response time and high contrast. Projections and near-to-eye are some of the common types of OLED microdisplay. It is manufactured using thin films of organic light-emitting materials and circuits on a silicon backplane to control the individual pixels and emit light when electricity is applied. OLED microdisplay is widely used in rear-projection televisions, electrical viewfinder (EVF) for digital cameras, electronic monocular, augmented reality (AR) and virtual reality (VR) glasses. It provides high speed and brilliant colors, low power consumption, no backlight, faster refresh rate and a wide operating temperature range. As a result, it finds extensive applications across healthcare, military, electronics, and automotive industries.
2. What is the expected growth rate of the global OLED microdisplay market during 2023-2028?
3. What are the key factors driving the global OLED microdisplay market?
4. What has been the impact of COVID-19 on the global OLED microdisplay market?
5. What is the breakup of the global OLED microdisplay market based on the type?
6. What is the breakup of the global OLED microdisplay market based on the end use industry?
7. What are the key regions in the global OLED microdisplay market?
8. Who are the key players/companies in the global OLED microdisplay market?
An organic light-emitting diode (OLED) microdisplay refers to a miniaturized high-resolution display that offers faster response time and high contrast. Projections and near-to-eye are some of the common types of OLED microdisplay. It is manufactured using thin films of organic light-emitting materials and circuits on a silicon backplane to control the individual pixels and emit light when electricity is applied. OLED microdisplay is widely used in rear-projection televisions, electrical viewfinder (EVF) for digital cameras, electronic monocular, augmented reality (AR) and virtual reality (VR) glasses. It provides high speed and brilliant colors, low power consumption, no backlight, faster refresh rate and a wide operating temperature range. As a result, it finds extensive applications across healthcare, military, electronics, and automotive industries.
OLED Microdisplay Market Trends:
The increasing product utilization in the consumer electronics industry across the globe is creating a positive outlook for the market. OLED microdisplays are widely used in digital cameras and virtual reality headsets that are compatible with various devices, such as smartphones, to offer an improved gaming experience. In line with this, the shifting consumer preference toward miniaturization of electronic devices and a display with wide-view angle and cleaner image are augmenting the market growth. Moreover, various technological innovations, such as the introduction of ultra-high-definition and high-definition (UHD/HD) OLED microdisplays that provide high optical performance with excellent contrast ratio, are providing an impetus to the market growth. Additionally, the widespread product adoption in the automotive industry for prototyping the virtual designing of the vehicle and their interiors is positively impacting the market growth. Other factors, including increasing demand for medical displays and wearables, widespread product adoption in the aerospace and defense sector for manufacturing military electronics, and the extensive research and development (R&D) activities, are anticipated to drive the market further toward growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global OLED microdisplay market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, resolution and end use industry.Breakup by Type:
- Near-To-Eye
- Projections
Breakup by Resolution:
- HD
- Full HD
Breakup by End Use Industry:
- Automotive
- Healthcare
- Consumer Electronics
- Military
- Law Enforcement
- Others
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and WiseChip Semiconductor Inc.Key Questions Answered in This Report
1. What was the size of the global OLED microdisplay market in 2022?2. What is the expected growth rate of the global OLED microdisplay market during 2023-2028?
3. What are the key factors driving the global OLED microdisplay market?
4. What has been the impact of COVID-19 on the global OLED microdisplay market?
5. What is the breakup of the global OLED microdisplay market based on the type?
6. What is the breakup of the global OLED microdisplay market based on the end use industry?
7. What are the key regions in the global OLED microdisplay market?
8. Who are the key players/companies in the global OLED microdisplay market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global OLED Microdisplay Market
6 Market Breakup by Type
7 Market Breakup by Resolution
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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. and WiseChip Semiconductor Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 142 |
| Published | May 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 192.8 Million |
| Forecasted Market Value ( USD | $ 670.9 Million |
| Compound Annual Growth Rate | 23.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
