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 share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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 CAGR of 23.10% during 2022-2027.
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.
OLED Microdisplay Market Trends:
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.
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OLED Microdisplay Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players 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.
- WiseChip Semiconductor Inc.
Key Market Segmentation:
The report has segmented the market on the basis of region, 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
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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• 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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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