OLED Microdisplay Market

Global OLED Microdisplay Market

The GMI Research forecasts that the OLED Microdisplay Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their augmented implication in smartphones and television, along with low entry barriers.

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Introduction of the OLED Microdisplay Market

OLED Microdisplay is a solid-state emissive electroluminescence device consisting of an organic layer, which is placed between two electrodes and emits light due to electric current.

Key Players of the Global OLED Microdisplay Market:

· Sony Semiconductor Solutions Corporation

· eMagin

· SUNLIKE DISPLAY TECH. CORP.

· MicroVision

· Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.

· Kopin Corporation

· Dresden Microdisplay GmbH

· Seiko Epson Corporation

· WINSTAR Display Co., Ltd.,

· SAMSUNG

OLED Microdisplay Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

One of the prime drivers stimulating the growth of the global OLED Microdisplay market includes their mounting application in projectors, head-up displays, and near-to-eye devices. In accordance with enormous specialists, these microdisplays have replaced the existing technology and have changed the outlook of LED sectors. Major market players like Sony are increasingly involved in offering the OLEDs, which include ECX336B, ECX336C, ECX339A, ECX335B, etc., with better moving picture quality and tremendously shorter response time. Thus, the transformation across the digital camera world has promoted the market demand for displays with a clearer range, thereby strengthening the market size.

Additionally, their surging demand due to the features like higher contrast and wider operation temperature range than LCD has bolstered market growth. On the other hand, the producers' problematic standards may hamper the market growth.

Type Segment Drivers

Based on the type, near-to-eye will account for a larger share over the forecast period. The mounting adoption of Smart glasses like VR by consumers and the aggravating gaming industry has increased the number of consumers of VR users, which has raised the market share.

End Use Industry Segment Drivers

Based on the end-use industry, healthcare is contemplated to experience a significant demand owing to the rising demand for medical devices such as pulse oximeters and medical imaging systems. The increasing incidences of chronic and non-chronic diseases have further fuelled the market demand.

Regional Drivers

On the basis of regional coverage, North America is forecasted to hold a major share in the near future. This is because of leading players, including Sony Corporation, MicroVision, and Kopin Corporation. Moreover, U.S. is the second-largest market for the entertainment and media industry, with the introduction of VR and headsets such as Oculus Go and Quest in May 2019 by Facebook will further drive the market growth.

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

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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