Global OLED Microdisplay Market: Key Highlights
Global OLED Microdisplay Market: Key Market Dynamics
Global OLED Microdisplay Market: Regional Overview
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 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. 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. 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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