Press release
OLED Microdisplay Market Expected to Hit US$ 571.31 Million by 2027 | CAGR of 23.10% - According to IMARC Group
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Industry Definition and Application:
An organic light-emitting diode (OLED) microdisplay refers to a miniaturized high-resolution display with a fast reaction time and high contrast. It improves the picture and voice quality on television. It is manufactured using organic thin films of light-emitting materials and circuits to control the individual pixels and radiates light when electricity is applied. It has a high resolution, user-configurable technology, and high pixel density that is utilized in smart bands, watches, glasses, and other smart gadgets. Some common types of OLED microdisplays are projections and near-to-eye. It finds applications across electronics, automotive, military, and healthcare sectors.
Global OLED Microdisplay Market Trends and Drivers:
The market is primarily driven by the increasing product utilization in the consumer electronics industry. OLED microdisplays are extensively utilized in cameras and virtual reality headsets compatible with several devices such as smartphones, PS4, and Xbox, offering an enhanced gaming experience. In line with this, the changing consumer preferences toward electronic devices and displays with a wide-view angle and better image quality are contributing to market growth. Additionally, the introduction of high-definition and ultra-high-definition (HD/UHD) OLED microdisplays that offer high optical performance with excellent contrast ratio is providing a positive thrust to the market growth. Other factors, including the increasing demand for medical displays and wearables, product adoption in the automotive, aerospace and defense sector for the production of military electronics, and comprehensive research and development (R&D) activities, are propelling the market growth.
Global OLED Microdisplay Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
eMagin Corporation, Fraunhofer FEP, Kopin Corporation, MicroOLED S.A.S. (Photonis Technologies SAS), Seiko Epson Corporation, Silicon Micro Display Inc., Sony Group Corporation, Sunlike Display Tech Corporation, Winstar Display Co. Ltd. and WiseChip Semiconductor Inc.
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The report has segmented the market on the basis of region, type, resolution and end use industry.
Breakup by Type:
• Near-To-Eye
• Projections
Breakup by Resolution:
• HD
• Full HD
Breakup by End Use Industry:
• Automotive
• Healthcare
• Consumer Electronics
• Military
• Law Enforcement
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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