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.
he 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.
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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.
In 2019, Allied Vision announced the latest iteration of its SWIR camera, the Goldeye G/CL-033 TECless InGaAs SWIRcamera. It is compatible with 3 types of lenses, M-42 Mount, C-Mount, and F-Mount.
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.
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.
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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.
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