OLED Microdisplay Market

OLED Microdisplay Market Overview

Organic light-emitting diodes (OLEDs) refer to the electronic devices made by placing a thin film of an electroluminescent organic material between two conductors of different work functions. When an electrical voltage is applied, electrons and holes are injected into the electroluminescent material.

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Major OLED Microdisplay Market Drivers

Rising demand for OLED Microdisplays is a major factor that is anticipated to push the growth of the OLED Microdisplays market share. OLED facilitates the advancement of bright, efficient, and thin displays comprising thin films of organic light-emitting (OLED) materials that emit light when electricity is applied to them. Various industry experts believe that OLEDs are ready to replace existing technology and have huge potential that can change the scenario of the LED sector. Key players in the industry like Sony are involved in offering OLED microdisplays like ECX336B, ECX336C, ECX339A, ECX335B etc., with superior moving picture quality with the extremely short response time. The revolution in the digital camera world has increased the demand for displays with a clearer range that has assisted the OLED microdisplays in capturing a generous market share.

Furthermore, OLED’s offer features such as higher contrast, wider operation temperature range than LCD, which has conventionally pushed the global OLED microdisplay market’s growth. They are used in the head-up display, projectors, and near-to-eye devices, which has navigated the OLED Microdisplays market size growth.

Restraint in the OLED Microdisplays Market

However, the manufacturing of microdisplays requires certain standards that are sometimes very difficult to follow; hence this factor is projected to hamper the growth of the market.

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Type – Segment Analysis

Based on the type, near-to-eye is expected to grow at a higher CAGR in the global OLED microdisplay market over the forecast period. Smart glasses like VR have been widely adopted by consumers and hold great potential to become a key component of the smart world. The growing gaming industry has increased the number of consumers of VR users, which has driven the growth of the near-to-eye segment.

End Use Industry – Segment Analysis

Based on the end use industry, the healthcare industry is expected to grow at a higher CAGR over the forecast period. This is due to the increasing demand for OLED in medical devices like pulse oximeter, medical imaging systems, etc. The medical device landscape has changed due to the growing burden of chronic and non-chronic disease across the globe, which has adversely spiked the demand for OLED, thus leading to the growth of the market.

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Regional – Segment Analysis:

On the basis of regional coverage, North America is expected to dominate the global OLED microdisplay market over the forecast period. This is due to the presence of key players in the region like Sony Corporation, MicroVision, Kopin Corporation, among others. Moreover, U.S. is ranked as the second largest market for the entertainment and media industry coupled with the launch of VR and headset such as Oculus Go and Quest in May 2019, by Facebook. All these factors are further contributing to the growth of the regional market growth.

Top Market Players

Some of the leading players operating in the market include Sony Semiconductor Solutions Corporation, Seiko Epson Corporation, eMagin., Kopin Corporation, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., WINSTAR Display Co., Ltd., SUNLIKE DISPLAY TECH. CORP., SAMSUNG, MicroVision, and Dresden Microdisplay GmbH.

Key Developments:

• In 2020, Seiko Epson announced the launch of a new OLED microdisplay with 1.5X greater density, 5X greater contrast, and a 1.5X wider field of view than Epson’s previous optical engines.

Segments covered in the Report:

The global OLED microdisplays market has been segmented on the basis of type, end use industry, and regions. Based on type, the market is segmented into near-to-eye and projections. Based on end use industry, the market is segmented into automotive, healthcare, industrial, consumer electronics, military, and law enforcement. 

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Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Sony Semiconductor Solutions Corporation, Seiko Epson Corporation, eMagin., Kopin Corporation, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., WINSTAR Display Co., Ltd., SUNLIKE DISPLAY TECH. CORP., SAMSUNG, MicroVision, and Dresden Microdisplay GmbH, among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global OLED Microdisplays Market by Type

• • Near-to Eye
  • Projections

Global OLED Microdisplays Market by End Use Industry

• • Automotive
  • Healthcare
  • Industrial
  • Consumer Electronics
  • Military
  • Law Enforcement

Global OLED Microdisplays Market by Region

• • North America OLED Microdisplays Market (Option 1: As a part of the free 25% customization)

    • North America OLED Microdisplays Market by Type
    • North America OLED Microdisplays Market by End Use Industry
    • US OLED Microdisplays Market All-Up
    • Canada OLED Microdisplays Market All-Up

  • Europe OLED Microdisplays Market (Option 2: As a part of the free 25% customization)

    • Europe OLED Microdisplays Market by Type
    • Europe OLED Microdisplays Market by End Use Industry
    • UK OLED Microdisplays Market All-Up
    • Germany OLED Microdisplays Market All-Up
    • France OLED Microdisplays Market All-Up
    • Spain OLED Microdisplays Market All-Up
    • Rest of Europe OLED Microdisplays Market All-Up

  • Asia-Pacific OLED Microdisplays Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific OLED Microdisplays Market by Type
    • Asia-Pacific OLED Microdisplays Market by End Use Industry
    • China OLED Microdisplays Market All-Up
    • India OLED Microdisplays Market All-Up
    • Japan OLED Microdisplays Market All-Up
    • Rest of APAC OLED Microdisplays Market All-Up

  • RoW OLED Microdisplays Market (Option 4: As a part of the free 25% customization)

    • RoW OLED Microdisplays Market by Type
    • RoW OLED Microdisplays Market by End Use Industry
    • Brazil OLED Microdisplays Market All-Up
    • South Africa OLED Microdisplays Market All-Up
    • Saudi Arabia OLED Microdisplays Market All-Up
    • UAE OLED Microdisplays Market All-Up
    • Rest of world (remaining countries of the LAMEA region) OLED Microdisplays Market All-Up

Major Players Operating in the OLED Microdisplays Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sony Semiconductor Solutions Corporation
  • Seiko Epson Corporation
  • eMagin
  • Kopin Corporation
  • Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.
  • SUNLIKE DISPLAY TECH. CORP.
  • SAMSUNG
  • MicroVision
  • Dresden Microdisplay GmbH
  • WINSTAR Display Co., Ltd.,