The global OLED microdisplay market was valued at USD 123.9 million in 2020, and it is expected to reach USD 537.0 million by 2027, registering a CAGR of 27.6during the periodThe display industry has advanced from the substantial cathode ray tube (CRTto the organic lightemitting diode (OLED), owing to the different display needs of various industriesAdvancements in computer sizes range from mainframes to palmtops, and now to a display frame that is less than an inch, diagonallyThese frames are generating the need for microdisplay technologiesThe growing marketplace for wearable devices also augments the demand for small and lightweight displaysOLED microdisplays offer a compact size with high pixel densityThe market is witnessing growth, owing to the increased use of microdisplays in devices, such as smartphones, television, etcAlso, low entry barriers and growing revenue avenues are the prominent attributes of the OLED microdisplay market.

The comparative advantages offered by the OLED microdisplays are another driving factor for the increasing adoption of the technologyOLED microdisplays provide benefits, such as size, power, color space, and contrast, making them an ideal suit for neartoeye applications, hence, the increased adoption in VR/AR and HMDsOLED microdisplays are used in personal viewers (PV). Electronic viewfinders (EVFand consumer market applications encompass VR glasses, EVF, industrial cover AR smart glasses, and the defense market targets AR helmets for pilots.

Get Full PDF Sample Copy of Report: https://www.marketstatsville.com/request-sample/oled-microdisplay-market

Furthermore, tech giants, such as Google and Apple, have been investing in AR technology startups; Google has invested in Owlchemy Labs and EyefluenceApple has a growing list of AR/VR firms in its fold, including Metaio, a free mobile AR browser, and Akonia Holographics builder of lenses for AR glassesGoogle also announced that it is offering Google maps in augmented realityThis development by Google is expected to increase the demand for OLED microdisplays from the automotive industry.

COVID19 Impact on the Global OLED Microdisplay Market

The ongoing COVID19 pandemic has significantly hampered the progress of the microdisplay market worldwideThe lockdown was imposed in many countries to curb the spread of the coronavirus, and the virus has caused huge disruptions in the global supply chain of the parts and components used in microdisplay systems.

As the only US manufacturer of OLED microdisplays, eMagin Corporation was deemed an important business by the US government and has continued to produce and ship products during the COVID19 pandemicThe company has also implemented additional employee health and safety measures per the Centers for Disease Control and Prevention (CDCguidelinesIt continues to supply products on a timely basis to its customers and maintain a healthy supply chain.

Global OLED Microdisplay Market Dynamics

DriversIncreasing Number of Neartoeye (NTEApplications

Due to power, contrast, size, and colorspace advantages, NTE applications represent the largest opportunity for OLED microdisplaysThis relates to electronic viewfinders (EVFand personal viewers (PV). Currently, there are three major markets for neareye OLED microdisplaysThe consumer market encompasses video and VR glasses and EV, industrial covers AR smart glasses for logistics, defense market targets AR helmets for pilotsSmartGlasses (i.e., NTE displayshave evolved as the major devices for wearable AR, which holds major potential in the marketTiny microdisplays are the key component of smart glasses, e.g., creating images from OLED that have become popular in mobile phone displays.

All microdisplay technologies in the market combine an imagecreating pixel modulationStill, only the emissive ones (for instance, LED and OLEDfeature the image and light source in a single device and thus do not need an external light sourceThis minimizes system size and power consumption while offering exceptional contrast and color spaceThese advantages make OLED microdisplays the perfect fit for neareye applications.

ChallengesProtection of OLED Layers against Oxygen and Water Vapor

The low work function metallic cathodes and organic materials consisting of OLEDs are highly sensitive to atmospheric moisture and oxygenWater and oxygen penetrate through plastic substrates to form dark spots and edge shrinkages in OLEDs by oxidizing the asdeposited electrodes or corroding the functional organic layers, resulting in devices degradation and light output reductionSuch limitations are challenging the market growth.

To overcome such limitations, various organizations are innovating the encapsulation process of OLED displaysFor instance, Phoseon Technology uses a traditional covering method and permanently bonds on the glass substrate to protect the active OLED layersThis is realized by dispensing an epoxy on the edge of the glass and using a UV LED lamp to cure the epoxy and edgeseal the two glass surfaces.

Make an Enquire before Purchase @: https://www.marketstatsville.com/buy-now/oled-microdisplay-market?opt=2950

Scope of the Report

The study categorizes the OLED microdisplay market based on type and enduse at the regional and global levels.

By Type Outlook (Revenue, USD Million, 20172027)

  • Neartoeye
  • Projections

By EndUse Outlook (Revenue, USD Million, 20172027)

  • Automotive
  • Healthcare
  • Industrial
  • Consumer Electronics
  • Military
  • Law Enforcement

By Region Outlook (Revenue, USD Million, 20172027)

  • North America (US, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
  • The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

The neartoeye segment is projected to account for the largest market share by type

 

Request for Complete TOC and Figures & Graphs @ https://www.marketstatsville.com/table-of-content/oled-microdisplay-market

Based on type, the global OLED microdisplay market is divided into neartoeye and projectionsIn 2020, the neartoeye segment accounted for the largest market share of 80.5in the global OLED microdisplay marketNeartoeye (NTEprojection is the most common method for headmounted displays (HMD), sometimes known as Smart Glasses,” which have gotten a lot of interest in recent yearsOrganic lightemitting diodes (OLEDs)-based microdisplays have good optical performance with outstanding contrast ratio and broad dynamic range at low power consumption, making them ideal for this application.

Further, OLEDonSilicon technology has become vital to emissive microdisplays in neartoeye displays, e.g., upcoming smart glassesOrganized as a 1280 x 1024 array built on a CMOS silicon substrate with a 0.774” diagonal display measurement, the OL12C10M is said to be the world’s first commercial OLEDonsilicon microdisplayWith a green (535 nmemissive color, the microdisplay is targeted in consumer, industrial, and military applications where low power and high resolution in a compact form factor are needed.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global OLED microdisplay market has been segmented across North America, AsiaPacific, Europe, South America, and the Middle East & AfricaGlobally, Asia Pacific is estimated to hold the highest CAGR of 27.9% in the global OLED microdisplay market during the forecast periodAsiaPacific is expected to become the fastestgrowing market globally during the forecast periodThe largest singlecountry markets in the region are expected to be China, South Korea, and JapanThe growth is being augmented by the presence of the worlds most welldeveloped electronics manufacturing ecosystem.

Further, despite the fast development of the OLED microdisplays in the last decade, the drawbacks in fullcolor rendering, brightness, and costeffectiveness still need to be addressedA lowdrivingvoltage and efficient TopEmitting Organic LightEmitting Device (TEOLEDwith electrically doped transporting layers was developed and integrated with the complementary metaloxidesemiconductor (CMOSbackplaneThe Aluminium contact fabricated in the CMOS foundry was employed to fabricate the TEOLEDs, which provided the most precise model for constructing the equivalent circuit for microdisplays.

Key Market Players

The OLED microdisplay market is mildly concentrated in nature with few numbers global players operating in the market such as MicroOLED SA, Yunnan Olightek Optoelectronic Technology CoLtd., Winstar Display CoLtd., eMagin Inc., Kopin Corp., WiseChip Semiconductor Inc., Seiko Epson Corp., Fraunhofer FEP, Sony Semiconductor Solutions Corp., and Sunlike Display Technology Corp. Every company follows its business strategy to attain the maximum market share.

 

Request For Report Description @ https://www.marketstatsville.com/oled-microdisplay-market

Recent Developments

  • In August 2020, Kopin Corporation announced its latest Lightning 720p OLED display (1280 x 720 resolutionon silicon had exhibited a very high brightness of 7000 nits (candela per square meterwith good color (nearly 100sRGBand high contrast (> 4,0001). This display combines a duostack OLED structure to achieve high brightness and Kopin’s ColorMax technology for high color fidelity.
  • In February 2019, Fraunhofer FEP designed a joint demonstrator that stacks one OLED microdisplay onto the top edge of the Pin Mirror (PinMRlens from LetinAR, a Korean startupThis is expected to enable AR eyewear of the future by implementing the Pinhole Effect” with tiny mirrors embedded in the optical glass.
  • In June 2019, Sony Corporation announced the release of two new models of CMOS image sensorsthe IMX415 type 1/2.8 4Kresolution stacked CMOS image sensor, which is the smallest of its kind in the world, and the IMX485 type 1/1.2 4Kresolution backilluminated CMOS image sensor, which delivers outstanding lowlight performance, approximately 3.

About US:

Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.

We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.

Contact US:
Eric Martin
Market Statsville Group
416, East standsberry street,
Perkins, Oklahoma 74059, US
USA: +1-580-205-2707 | India: +91-702-496-8807
Email: [email protected]
Web: https://marketstatsville.com/
LinkedIn | Facebook | Twitter