The latest research study “OLED Microdisplay Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
An organic light-emitting diode (OLED) microdisplay refers to a miniaturized high-resolution display with a fast reaction time and high contrast. It improves the picture and voice quality on television. It is manufactured using organic thin films of light-emitting materials and circuits to control the individual pixels and radiates light when electricity is applied. It has a high resolution, user-configurable technology, and high pixel density that is utilized in smart bands, watches, glasses, and other smart gadgets. Some common types of OLED microdisplays are projections and near-to-eye. It finds applications across electronics, automotive, military, and healthcare sectors.
Global OLED Microdisplay Market Trends and Drivers:
The market is primarily driven by the increasing product utilization in the consumer electronics industry. OLED microdisplays are extensively utilized in cameras and virtual reality headsets compatible with several devices such as smartphones, PS4, and Xbox, offering an enhanced gaming experience. In line with this, the changing consumer preferences toward electronic devices and displays with a wide-view angle and better image quality are contributing to market growth. Additionally, the introduction of high-definition and ultra-high-definition (HD/UHD) OLED microdisplays that offer high optical performance with excellent contrast ratio is providing a positive thrust to the market growth. Other factors, including the increasing demand for medical displays and wearables, product adoption in the automotive, aerospace and defense sector for the production of military electronics, and comprehensive research and development (R&D) activities, are propelling the market growth.
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|OLED Microdisplay Market Report Scope|
|Market size value in 2021||US$ 156.25 Million|
|Market forecast in 2027||US$ 571.31 Million|
|Growth Rate||CAGR of 23.10% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Type, Resolution, End Use Industry and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Type:
Breakup by Resolution:
- Full HD
Breakup by End Use Industry:
- Consumer Electronics
- Law Enforcement
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are 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.
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