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 the miniaturized high-resolution display that offers faster response time and high contrast. It is generally manufactured using thin films of organic light-emitting materials and circuits on a silicon backplane to manage the individual pixels and emit light when electricity is applied. An OLED microdisplay provides brilliant colors, low power consumption, no backlight, faster refresh rate, a wide operating temperature range, etc. Consequently, it finds extensive applications in various industries, including healthcare, automotive, military, consumer electronics, etc.
|Base Year: 2021|
|Forecast Year: 2022-2027|
OLED Microdisplay Market Trends and Drivers:
The widespread product adoption in digital cameras, augmented reality (AR) glasses, and virtual reality (VR) headsets to offer an improved gaming experience is primarily driving the OLED microdisplay market. Additionally, the increasing consumer inclination towards the miniaturization of electronic devices and displays with wide-view angles as well as cleaner images is further catalyzing the market growth.
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Besides this, the growing utilization of OLED microdisplay for prototyping the virtual designing of the vehicle and their interiors is acting as another significant growth-inducing factor. Moreover, the escalating demand for medical wearables is also positively influencing the global market.
Apart from this, numerous technological innovations, such as the introduction of ultra-high-definition and high-definition (UHD/HD) product variants that provide high optical performance with excellent contrast ratio, are anticipated to fuel the OLED microdisplay market over the forecasted period.
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
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Key Questions Answered in This Report
1. What was the size of the global OLED microdisplay market in 2021?
2. What is the expected growth rate of the global market during 2022- 2027?
3. What are the key factors driving the global OLED microdisplay market?
4. What has been the impact of COVID-19 on the global OLED microdisplay market?
5. What is the breakup of the global OLED microdisplay market based on the type?
6. What is the breakup of the global market based on the end use industry?
7. What are the key regions in the global OLED microdisplay market?
8. Who are the key players/companies in the global OLED microdisplay market?
List of Tables
1: Global Market: Key Industry Highlights, 2021 and 2027
2: Global Market Forecast: Breakup by Type (in Million US$), 2022-2027
3: Global Market Forecast: Breakup by Resolution (in Million US$), 2022-2027
4: Global Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
5: Global: Market Forecast: Breakup by Region (in Million US$), 2022-2027
6: Global Market: Competitive Structure
7: Global Market: Key Players