Summary
A New Market Study, titled “OLED Microdisplay Industry Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
The global OLED Microdisplay Industry is increasingly garnering traction. OLED technology is far superior to LED and LCD in terms of low power consumption. As a result, OLED microdisplays' popularity is rising rapidly, replacing the LEDs and LCDs from various consumer devices such as TVs, smartphones, and others. Besides, advances in display technologies drive the market growth. Also, OLED microdisplays are increasingly preferred and adopted in media and advertisement sectors.
Moreover, the growing demand for energy-efficient display panels for small devices such as smartphones and others escalate market growth. According to Market Research Future (MRFR), the global OLED Microdisplay Industry valuation is poised to reach over USD 2,240.2 MN by 2023. In 2017, the market had registered USD 654.4 MN value, which would appreciate further at a whopping double-digit CAGR of 23.4% throughout the assessment period (2017-2023).
Growing adoption of these displays in industries such as automotive & aviation, consumer electronics, media & entertainment, aerospace & defence, and education substantiate the market demand. Also, OLED microdisplays are rapidly replacing LCD panels from hospitals and airports to leisure centers and control rooms. Moreover, with technological upgrades, many advanced models are introduced in the market. The increasing size of the OLED microdisplays with high resolution spurs market sales.
Resultantly, the OLED Microdisplay Industry is growing rapidly, registering impressive growth records worldwide. Additionally, significant investments made by industry players to bring more advancement in these displays pay off well, fostering the market growth. Besides, the increasing industrialization and urbanization increase the OLED Microdisplay Industry share.
Also, the improving economy worldwide boosts market growth, enhancing consumer purchasing power, and lifestyles. Conversely, the high cost of OLED microdisplays is a major factor projected to impede the development of the market. Nevertheless, technological advances expected in the recent future would support market growth, bringing about many cost-effective solutions to minimize OLED microdisplays' cost.
OLED Microdisplay Industry - Segments
The report is segmented into four dynamics;
By Product : Near-to-Eye Devices, Head Mounted Displays, Head-Up Display, and others.
By Resolution: HD, Full HD, and others.
By Vertical : Consumer Electronics, Automotive, Media & Entertainment, Sports & Education, Retail, Aviation, Aerospace & Défense, and others.
By Regions : Americas, Europe, Asia Pacific, and Rest-of-the-World.
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OLED Microdisplay Industry - Geographical Analysis
The Asia Pacific region dominates the global OLED Microdisplay Industry. The largest market share attributes to the presence of notable players such as LG and Samsung. Besides, advances in display technologies and the augmenting demand for microdisplay with OLED technology drive the regional market growth. Moreover, increased adoption of smartphones and smartwatches substantiates the market demand.
Furthermore, substantial R&D investments by major industry players for the development of display technology boost the growth of the regional market. The APAC global OLED Microdisplay Industry is projected to retain its dominance throughout the forecast period.
North America is another lucrative market for OLED microdisplays globally. The market growth is driven by the well-developed economy in the region, fostering investments required for product developments. Additionally, the ability of the market players to develop cutting-edge display technologies and the growing uptake of these displays propel the regional market growth. The North American OLED Microdisplay Industry is projected to create a substantial market demand during the review period.
The Europe OLED Microdisplay Industry is gradually emerging as a promising space globally. Factors such as the augmenting demand for luxury or premium electronic products contribute to the growth of the market. Moreover, the rising demand for OLED microdisplays across the industry verticals substantiates the development of the regional market. The spurting rise in industries such as consumer electronics, automotive, media & entertainment, aerospace, and aviation creates vast market demand.
Global OLED Microdisplay Industry - Competitive Landscape
Highly competitive, the OLED Microdisplay Industry appears fragmented due to the presence of several dynamic & diversified industry players. These players initiate strategic approaches such as mergers & acquisitions, collaborations, expansion, and product/ technology launch to gain a larger competitive share. They make substantial investments to drive their R&D activities and expansion plans.
They strive to develop a cost-competitive portfolio and cost-effective manufacturing techniques. They also try to improve their market performance by acquiring promising companies from emerging regions to expand in the rapidly growing markets.
Major Players
Players leading the OLED Microdisplay Industry are LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd (South Korea), Sony Corporation (Japan), Dresden Microdisplay GmbH (Germany), Kopin Corporation (US), OSRAM Licht AG (Germany), Himax Technologies, Inc. (Taiwan), Holoeye Photonics AG (Germany), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd (China), Silicon Micro Display Inc. (US), eMagin Corporation (US), Seiko Epson Corporation (Japan), MicroVision Inc. (US), Industrial Technology Research Institute (ITRI) (Taiwan), OmniVision Technologies Inc. (US), Fraunhofer FEP (Germany), Vuereal (Canada), Cea-Leti (France), JBD Inc. (US), Jasper Display Corp. (US), Texas Instruments Inc. (US), and WINSTAR Display Co., Ltd (Taiwan) among others.
Industry/ Innovation/ Related News
August 13, 2020 ------ eMagin Corporation (the US), a leader in the development, design, and manufacture of Active Matrix OLED microdisplays used in Military & Commercial AR/VR devices, and other near-eye imaging products, announced that it has been awarded two new patents for its Direct Patterning Display (dPdTM) technology. The new patents, granted by the US Patent & Trademark Office, relate to the methods and fabrication of OLED microdisplays, using eMagin's proprietary direct patterning technology.
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Players, stakeholders, and other participants in the global OLED Microdisplay market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6544643/global-china-oled-microdisplay-2027-635For China market, this report focuses on the OLED Microdisplay market size by players, by Type, and by Application, for the period 2016-2027.
The key players include the global and local players which play important roles in China.Segment by Type6.3 m Pixel Pitch9.6 m Pixel Pitch9.3 m Pixel Pitch12 m Pixel Pitch15 m Pixel PitchSegment by ApplicationCamera EVFsVR/ARMedicalMilitaryOthersBy RegionNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EBy CompanyeMaginSonyKopinOLiGHTEKGoldenSi TechnologyMicroOLEDReasons to Purchase Our Research Report:1.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
OLED Microdisplay Market – OverviewThe global OLED microdisplay market is experiencing a high demand due to high penetration in the display panel market.
Further, the higher adoption rate of smartphones and smartwatches drives the market growth.
Asia-Pacific is the dominating region and is also expected to possess the highest CAGR.Key Players:The key players in the OLED Microdisplay Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are— Sony Corporation (Japan), LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd (South Korea), OSRAM Licht AG (Germany), Dresden Microdisplay GmbH (Germany), Kopin Corporation (US), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd (China), Himax Technologies, Inc. (Taiwan), Holoeye Photonics AG (Germany), Seiko Epson Corporation (Japan), Silicon Micro Display Inc. (US), eMagin Corporation (US), OmniVision Technologies Inc. (US), MicroVision Inc. (US), and WINSTAR Display Co., Ltd (Taiwan).
These players contribute a major proportion towards market growth.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7479Apart from the top key players, the other players contribute nearly 30–35 % in the OLED microdisplay market.
These include Innovative and others.
The global microdisplays market size is poised to reach USD 3.42 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 19.1% during the forecast period.
A microdisplay is a microminiaturized display with a diagonal screen size of less than two inches.
Microdisplays are compact small-sized displays with a large number of pixels and high resolution.
Microdisplays are being increasingly used in rear-projection TVs to increase voice and image clarity, besides reducing the overall cost.
Excellent picture quality, high resolution, compact size, and low power consumption have led to increased adoption of microdisplays in consumer electronics, military & defense, and medical applications.
In 2017, LCD-based displays dominated the market owing to their low cost, relatively high brightness, and a rather simple manufacturing process.Moreover, high consumer demand for small form factor (SFF) microdisplay devices with improved features, such as faster response, more colorfulness, higher power efficiency, and better contrast is projected to create significant opportunities for vendors in the market.
