Market Overview:
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 growth rate (CAGR) of 23.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global OLED microdisplay market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, resolution and end use industry.
Breakup by Type:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Resolution:
Breakup by End Use Industry:
- Automotive
- Healthcare
- Consumer Electronics
- Military
- Law Enforcement
- Others
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Million |
Segment Coverage |
Type, Resolution, End Use Industry, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
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. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |