OLED Micro display Market Synopsis:
global OLED microdisplay market is poised to reach the valuation of USD 2,240.2 MN by 2023, registering a staggering double-digit CAGR of 23.4% throughout the forecast period (2017-2023). In 2017, the market had been evaluated at USD 654.4 MN, which indicates that the market would grow well above three-fold in just six years.
OLED (Organic Light-emitting Diodes) microdisplay is an advanced display technology that is rapidly replacing the existing LED and LCD technologies from various consumer devices such as TVs, Smartphone, and others. OLED technology is far superior to the LED and LCD technology due to low power consumption. The global OLED microdisplay market has been growing rapidly, mainly due to the wide adoption of these display across the burgeoning industries such as automotive, consumer electronics, media, entertainment & sports, retail, aviation, aerospace & defense, and education among others. Moreover, factors such as the growing demand for energy-efficient display panels for small devices such as smartphones and other devices escalate the market on the global platform.
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in the current display market, OLED is an advanced display technology that is rapidly replacing the exisitng LED and LCD technologies for various consumer devices such as TVs, smartphone, and others. Further, the OLED microdisplays technology prove beneficial than the other LEDs. The factors responsible for the growth of OLED microdisplay market is the growing demand of energy-efficient display panels for small devices such as smartphones, smartwatches, and other devices. The OLED technology is far superior than the LED and LCD technology due to low power consumption. These microdisplays are used in head-mounted displays, head-up display, projectors, and near-to-eye devices. On the other hand, the manufacturing of microdisplays require certain standards for manufacturing to be compatibe with different devices.
Key players leading the OLED microdisplay market include LG Display Co., Ltd. (South Korea), Sony Corporation (Japan), Samsung Electronics Co., Ltd (South Korea), Dresden Microdisplay GmbH (Germany), OSRAM Licht AG (Germany), Kopin Corporation (US), Himax Technologies, Inc. (Taiwan), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd (China), Holoeye Photonics AG (Germany), Silicon Micro Display Inc. (US), Seiko Epson Corporation (Japan), eMagin Corporation (US), MicroVision Inc. (US), OmniVision Technologies Inc. (US), Industrial Technology Research Institute (ITRI) (Taiwan), Fraunhofer FEP (Germany), Cea-Leti (France), Vuereal (Canada), JBD Inc. (US), Texas Instruments Inc. (US), Jasper Display Corp. (US), and WINSTAR Display Co., Ltd (Taiwan) among others.
Industry/ Innovation/ Related News
May 12, 2019 – The Fraunhofer Institute for Organic Electronics, Electron Beam and Plasma Technology (Germany) presents its newly developed microdisplays in OLED-on-silicon technology at the SID Display Week 2019 (held during May 12-16 in San Jose, CA).
The new OLED microdisplay that is especially dedicated to industrial Augmented Reality data glasses. Over the past decade, Fraunhofer FEP has been working on developing applications and display solutions based on the OLED-on-silicon technology, which are predestined for the use in data glasses and HMDs.
This portfolio is now ex by a next generation of OLED microdisplays primarily dedicated to the requirements of industrial AR data glasses. In addition to the display parameters, the new OLED microdisplay features simple driving electronics for easy integration into portable systems.
February 06, 2019 -LetinAR (South Korea) a start-up developing an optical solution for Augmented Reality (AR) Glasses announced the development of Pin-hole optics combine with OLED microdisplays for AR.
LetinAR and German OLED microdisplays specialist – the Fraunhofer Institute for Organic Electronics, Electron Beam and Plasma Technology have co-designed a joint demonstrator that could enable AR eyewear of the future. The device stacks one OLED microdisplay onto the top edge of LetinAR’s Pin Mirror (PinMR) lens, creating a virtual image that overlaps real-world sceneries as seen through the eyewear.
OLED Microdisplay Market – Segments
For the better understanding of the report, the market is segmented into four key dynamics:
By Product : Near-to-Eye Devices, Head Mounted Displays and Head-Up Display among others.
By Resolution : HD and Full HD among others.
By Vertical : Automotive, Consumer Electronics, Media, Entertainment & Sports, Retail, Aviation, Aerospace & Defense, and Education among others.
By Regions : North America, Europe, Asia Pacific, and Rest-of-the-World.
Global OLED Micro display Market – Regional Analysis
The Asia Pacific region, heading with the presence of giant players such as LG & Samsung would retain its lead over the global OLED microdisplay market throughout the forecast period. The region is also expected to be the fastest growing market. Additional factors that are positively impacting the growth of the regional market include increased adoption of smartphones and smartwatches and the augmenting demand for microdisplay with OLED technology. The exponential growth of the market subjects to the investment in research & development in display technology by major market vendors.
The OLED microdisplay market in the North American region accounts for the next leading share, globally. Factors such as the increasing investments transpired into the products development, the ability of the market players to develop cutting-edge display technologies, and the growing uptake of these displays drive the growth in the regional market.
The Europe OLED microdisplay is emerging as a promising globally. Factors such as the demand for the luxury or premium electronic products, and the resurging economy in the region contribute to the growth of the market.
OLED Micro display Market – Competitive Analysis
Fiercely competitive, the OLED microdisplay market appears to be fragmented with the presence of various dynamic and diversified international players. These players form a competitive landscape, continually innovating and seeking strategic plans such as M&A activities. Through increasing investments in R&D activities, they strive to develop a portfolio for cost-effective solutions.
These players try to improve their market performance and acquire promising companies to expand in the rapidly growing markets. The immense revenue generation opportunities demonstrated by the market, new entrants, are increasingly getting attracted only to find it further challenging to survive with the latest technologies.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of OLED Microdisplay
5 Market Landscape
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
LIST OF TABLES
Table 1 Global OLED Microdisplay Market, By Product, 2018–2023
Table 2 Global OLED Microdisplay Market, By Resolution, 2018–2023
Table 3 Global OLED Microdisplay Market, By Vertical, 2018–2023
Table 4 Global OLED Microdisplay Market, By Region, 2018–2023
Table 5 North America: OLED Microdisplay Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global OLED Microdisplay Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global OLED Microdisplay Market
FIGURE 4 Value Chain Of Global OLED Microdisplay Market
FIGURE 5 Share Of Global OLED Microdisplay Market In 2017, By Country (In %)
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