Market Overview 2022-2027:
The latest research study “OLED Microdisplay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
Industry Definition and Application:
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.
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What are the major market drivers in the OLED microdisplay market?
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.
Furthermore, numerous technological innovations, such as the launch of ultra-high-definition and high-definition (UHD/HD) OLED microdisplays providing excellent contrast ratio with high optical performance, are positively influencing the market growth. Other factors, including the increasing product adoption in the aerospace and defense sectors for manufacturing military electronics, ongoing research and development (R&D) activities, and rising demand for medical displays and wearables, are also anticipated to drive the market further.
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| OLED Microdisplay Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 156.25 Million |
| Market forecast in 2027 | US$ 571.31 Million |
| Growth Rate | CAGR of 23.10% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Type, Resolution, End Use Industry and Region |
Report Segmentation:
The report has been segmented the market into following categories:
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 Geography:
- 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
List of Major Key Players:
The major players in the market are 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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