According to the latest report by IMARC Group, “Global OLED Microdisplay Market Analysis, Size, Share, Growth, 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 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.
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.
| Report Metric |
| Historical: 2016-2021 |
| 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.
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.
Global OLED Microdisplay Market 2022-2027 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.
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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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: (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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