Oled Microdisplay Market To Reach USD 4.8 Billion By 2027

Global OLED Microdisplay Market: Key Highlights

According to the new market research report “OLED Microdisplay Market by Product Type (Head-Mounted Display, Head-Up Display, Near-to-Eye Devices, Others), by Resolution (High Definition (HD), Full-High Definition (FHD), Others), by End User (Automotive, Consumer Electronics, Sports, Media & Entertainment, Aerospace & Defense, Education, Others) by Region (North America, Asia-Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2019 to 2027)”, the global OLED microdisplay market is estimated to reach USD 4.8 Billion by 2027 at a CAGR of around 24.5% during the review period
An OLED technology is a type of light-emitting technology which are produced by placing a series of thin films between two conductors
OLED microdisplay technology use to provide bright and highly effective visuals that make it suitable to use in various handheld devices

OLED Microdisplay Market

Global OLED Microdisplay Market: Key Market Dynamics

Increasing demand for AR and VR headsets and growing investment by global players in OLED microdisplay market is expected to boost the market during the forecast period
However, high temperature conditions are expected to hamper the growth of the market during upcoming years
Growing demand for head-up display in automotive industry for providing driving assistance and navigation services will become to an opportunity for the OLED microdisplay market.
However, protection of OLED layers from oxygen and water vapor will become a challenge for the OLED microdisplay market during forecast period.

Global OLED Microdisplay Market: Regional Overview

Asia-Pacific

The Asia-Pacific region is expected to hold the largest market share during the forecast period. The constantly growing market for AR and VR technology is helping the growth of the head-mounted display market in this region. China, Japan, Taiwan, and South Korea are dominating the market in the Asia-Pacific region. LG Display and Sony Corporation are investing millions of dollars in research and development of OLED microdisplay technology to enter in provision of AR and VR head mounted display devices. Moreover, presence of semiconductor industries, increasing population is expected to drive the market in Asia-Pacific region.

North America

North America is expected to grow at faster rate during forecast period due to early adoption of wireless and display technologies. US and Canada are expected to drive the OLED microdisplay market in North America due to high disposable personal income, fastest growing network infrastructure, and growing semiconductor industry. In recent years, North American government and private companies in North America are heavily invested in manufacturing technology development and infrastructure development.

Global OLED Microdisplay Market: Key Players Overview

Sony Corporation:

Sony Corporation. engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through nine business segments: home entertainment and sound, game and network services, imaging products and solutions, music, pictures, mobile communications, semiconductors, financial services, and all others. Sony Semiconductor Solutions OLED Microdisplay is suitable for display engine for AR/VR glasses and EVF (Electrical View Finder) for digital still cameras. In May 2018, Sony launched 0.5-type OLED Microdisplay with Top-of-Class UXGA Resolution for AR and VR applications.

eMagin Inc.:

eMagin Inc. engages in the provision of OLED microdisplay technology that enables next generation Consumer virtual reality HMDs, rescue and firefighting equipment, commercial products including medical imaging devices, and various military products. The company provide 2K, DSVGA, WUXGA, VGA, SXGA096, and SXGA120 OLED microdisplays for various applications. In May 2019, the company partnered with Lockheed Martin to deliver Displays for F-35 Helmet Flight Tests.

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