COVID19:Global OLED Microdisplay Market is projected to reach a value of over USD 4.85 billion by 2027

OLED MICRODISPLAY MARKET: Summary

The Global OLED Microdisplay Market is projected to reach a value of over USD 4.85 billion by 2027 at a CAGR of around 24.5%.

Organic light emitting diode (OLED) are solid state devices consisting of thin film of organic molecules that generate light with the use of electricity. OLEDs can provide crisper and brighter display on electronic display as compared with liquid crystal display (LCD) and light emitting diode (LED). OLED microdisplay comprises of image creating pixel modulation, which have a light source and image in a single device. As compared to other types, OLED microdisplay are mainly used for near-to-eye device applications. Few key players cater in OLED microdisplay market are Sony Corporation, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., eMagin Inc., and Kopin Corporation among others.

OLED MICRODISPLAY MARKET: Drivers & Opportunities

Market Driver:

AR and VR technologies are getting ready to fulfill the daily demand of end-users and try to bridge the gap between real and artificial worlds. Virtual reality and augmented reality are the key fields of communication technology and new generation information which contains huge industry potential, large application space, and wide technological support. Increasing adoption of online gaming, need for high definition videos are expected to grow the AR VR headsets market which is expected to boost the OLED Microdisplay market during the forecast period. Enhancement in artificial intelligence technology and need in education field for teaching & training, are expected to increase the market during upcoming years.

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In current display technology market, OLED displays are rapidly replacing the existing LED and LCD technologies. This technology is more superior than LED and LCD technology due to low power consumption and good light intensity. Hence, global players are increasing their investment in OLED microdisplay for design and development of microdisplays to manufacture consumer head mounted displays devices. In 2019, Apple Inc., LG Display, and Valve are investing USD 10.6 million in OLED Microdisplay technology to own a piece from eMagin.

Market Opportunities:

OLED is a new display and lighting technology which is used for creating thin, bright, and efficient lighting panels and displays. Head-up display is mainly used in automotive industry to identify and show the distance between the car, speed of the car, notify lane markings, and GPS and navigation purposes. Moreover, the head-up displays provide additional information about real world on the projected display. In this, OLED microdisplay is used for providing vivid and unbreakable lighting display panels. Hence, demand for head-up displays will increase and it will gradually increase the OLED microdisplay market during forecast period.

OLED MICRODISPLAY market: Key segments

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OLED MICRODISPLAY MARKET: Report SCOPE

The report on the OLED microdisplay market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2019

Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Product Type, Resolution, and End User

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

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OLED MICRODISPLAY MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

OLED Microdisplay Market, by Product Type

OLED Microdisplay Market, by Resolution

OLED Microdisplay Market, by End User

OLED MICRODISPLAY Market, by Region

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL OLED MICRODISPLAY MARKET BY PRODUCT TYPE, Market Size in USD Million (2019–2027)

7 GLOBAL OLED MICRODISPLAY MARKET BY RESOLUTION, Market Size in USD Million (2019–2027)

8 GLOBAL OLED MICRODISPLAY MARKET BY END USER, Market Size in USD Million (2019–2027)

9 GLOBAL OLED MICRODISPLAY MARKET BY REGION, Market Size in USD Million (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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