OLED Microdisplay Market 2021 Trends, Outlook, and Opportunity Analysis

   2021-02-09       15        Business
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Market Research Future published a research report on “OLED Microdisplay Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast 2023.

OLED Microdisplay Market – Overview

The global OLED microdisplay market is experiencing a high demand due to high penetration in the display panel market. the OLED microdisplay is uded in various smart devices, projectors, and near-to-eye devices that requires high resolution and low energy consumption. 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.

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Apart from the top key players, the other players contribute nearly 30–35 % in the OLED microdisplay market. These include Innovative and others. Fraunhofer Fep (Germany), Industrial Technology Research Institute (ITRI) (Taiwan), Cea-Leti (France), JBD Inc. (US), Vuereal (Canada), Jasper Display Corp. (US), Texas Instruments Inc. (US) among others.

OLED Microdisplay Marketing: Segmental Analysis

The global OLED microdisplay market is segmented into product, resolution, vertical, and region.

  • By Product, the market is segmented into near-to-eye devices, head mounted displays, head-up display, and others.
  • By Resolution, the market is segmented into HD, full HD and others.
  • By Vertical, the market is segmented into automotive, consumer electronics, media, entertainment & sports, retail, aviation, aerospace & defense, education, and others.
  • By Region, the OLED microdisplay market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Global OLED Microdisplay Market: Regional Outlook

The market for spectrum analyzer is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of spectrum analyzer market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

Asia-Pacific dominates in terms of revenue generation during the forecast period. Owing to the presence of major display device manufacturers and increased adoption of smartphones and smartwatches, the demand of microdisplay with OLED technology is increasing. Moreover, North America region is also growing with the second highest growth rate. Countries such as the US and Canada are heavily investing in smart homes and smart city initiatives which is increasing the demand of microdisplay to be used in commercial spaces.

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