OLED Microdisplay Market:
Growth opportunities in the OLED Microdisplay market look promising over the next six years. This is mainly due to the growing demand for OLED Microdisplay as it offers advantages such as higher brightness, efficiency, higher contrast, and wider operation temperature range as compared to LCD.
OLED Microdisplay Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing demand for OLED Microdisplays is a key driver that is contributing to the growth of the OLED Microdisplays market share. OLED has allowed the advancement of bright, efficient, and thin displays comprising thin films of organic light-emitting (OLED) materials. The industry experts have concluded that OLEDs are ready to be replaced with the existing technology and have huge potential that can change the scenario of the LED sector. Various leading players in the sector, such as Sony, are offering OLED microdisplays such as ECX336B, ECX336C, ECX339A, ECX335B etc., with superior moving picture quality with a short response time. The continuous revolution in the digital camera world has surged the demand for displays with a clearer range that help the OLED microdisplays in capturing a higher share in the market.
OLED’s provides advantages including higher contrast, wider operation temperature range than LCD, which has conventionally pushed the market growth. They are used in the head-up display, projectors, and near-to-eye devices, which has navigated the OLED Microdisplays market size growth. On the other hand, the manufacturing of microdisplays needs to meet certain standards that are sometimes very difficult to follow; thus, hampering the growth of the OLED Microdisplays market size.
Type Segment Drivers
Based on the type, near-to-eye is projected to witness at a higher CAGR during the forecast period. Smart glasses such as VR are increasingly adopted by consumers and hold a high potential to become a key component of the smart world. The expansion of the gaming sector has surged the number of consumers of VR users, which has further surged the market growth.
End use Industry Drivers
Based on the end use industry, the healthcare industry is anticipated to witness a higher CAGR during the forecast period. The growing demand for OLED in medical devices such as pulse oximeter, medical imaging systems, etc., is a major factor that is responsible for the market growth. The medical device landscape has drastically changed owing to the increasing burden of chronic and non-chronic disease, which has surged the demand for OLED, thus contributing to the market growth.
OLED Microdisplay Market’s leading Manufacturers:
- Sony Semiconductor Solutions Corporation
- Seiko Epson Corporation
- Kopin Corporation
- Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.
- WINSTAR Display Co., Ltd.
- SUNLIKE DISPLAY TECH. CORP.
- SAMSUNG
- MicroVision
- Dresden Microdisplay GmbH.
OLED Microdisplay Market Segmentation:
Segmentation by Type:
- Near-to Eye
- Projections
Segmentation by End Use Industry:
- Automotive
- Healthcare
- Industrial
- Consumer Electronics
- Military
- Law Enforcement
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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