According to the latest report by IMARC Group, “Global OLED Microdisplay Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027“, 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.
An organic light-emitting diode (OLED) microdisplay represents a miniaturized high-resolution display that provides faster response time and high contrast. It is manufactured using thin films of light-emitting materials and circuits on silicon backplanes to control the individual pixels and emit light as and when electricity is applied. OLED microdisplays provide high speed, brilliant colors, low power consumption, no backlight, faster refresh rate, a wide operating temperature range, etc. Consequently, they find extensive applications across the healthcare, military, electronics, and automotive industries.
|Base Year: 2021|
|Forecast Year: 2022-2027|
OLED Microdisplay Market Trends and Drivers:
The increasing product usage in the consumer electronics sector across the globe is primarily driving the OLED microdisplay market. In addition to this, OLED microdisplays are widely utilized in rear-projection televisions, augmented reality (AR) and virtual reality (VR) glasses, electrical viewfinders (EVFs) for digital cameras, etc., which is further catalyzing the market growth.
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Moreover, the shifting consumer preferences toward the miniaturization of electronic devices and displays with wide-view angles and cleaner images are also augmenting the global market. Besides this, the introduction of ultra-high-definition and high-definition (UHD/HD) variants that offer high optical performance and excellent contrast ratio is acting as another significant growth-inducing factor.
Furthermore, the inflating product adoption in the automotive sector for prototyping the virtual designing of vehicles and their interiors is also bolstering the market growth. Apart from this, the increasing demand for medical displays and wearables and the escalating need for microdisplays in the manufacturing of military electronics are expected to fuel the OLED microdisplay market in the coming years.
Note: 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.
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.
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.
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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