OLED Micro display Market Insights, Trends, Demand and Size will reach USD 520.23 million by 2030

Throughout the current forecast period of 2022–2030, the OLED Microdisplay Market share is anticipated to reach USD 520.23 million. The market is anticipated to grow at a worldwide CAGR of 27.69% over the current projected period.

The availability of a wide range of market options for various product types, such as microdisplays in a variety of sizes and shapes, is assisting in facilitating adequate mixing and quick reaction times, as well as the emergence of other factors like a faster rate of product synthesis, elevating overall productivity and expansion in a short amount of time. Also, the market is seeing the increase of benefits including a tiny size and technical developments in microdisplays, which will aid the OLED microdisplay market in thriving on good prospects over the long term.

Throughout the current projected period of 2022-2030, the OLED microdisplay market size anticipates instances of solid expansion. Moreover, the market for OLED microdisplays is expected to develop as a result of factors such as rising HMD usage across a variety of sectors, rising OLED microdisplay demand, and rising ADAS & HUD acceptance around the globe. In addition, the OLED microdisplay market has a wide range of applications in the biodiesel manufacturing processes, which may further support the market’s growth trajectory throughout the current forecast period, which will finish in 2030.

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Key Players:

• eMagin Corporation
• Holoeye Photonics AG
• OmniVision Technologies Inc.
• MicroVision Inc.
• Samsung Electronics Co., Ltd.
• LG Display Co., Ltd.
• Dresden Microdisplay GmbH
• Kopin Corporation
• Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.
• Himax Technologies, Inc
• Holoeye Photonics AG
• Sony Corporation
• Holoeye Photonics AG
• Seiko Epson Corporation
• Silicon Micro Display Inc. (Taiwan)

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Regional Analysis

The largest demand for microdisplays is seen in the APAC area, particularly in items like cameras or EVFs, projectors, and HUD. Rapid industrialisation, the existence of many OEMs and customers in the area, and the rise of the OLED microdisplay market in APAC are all factors. Hence, during the current projection period, the major industries in APAC that substantially contribute to the growth of the OLED microdisplay market are consumer, industrial & business, automotive, and other ends like military, defence & aerospace. A significant number of microdisplay manufacturers are also present in this area, which has resulted in lower microdisplay pricing and a greater uptake of microdisplay-based products in the APAC region.In addition, the trends indicate that China, Japan, and South Korea account for a sizeable percentage of the APAC market for microdisplays.

Market Segment Overview

The OLED microdisplay market is experiencing strong demand and is exhibiting outstanding growth potential for the current forecast period of 2022–2030 in the worldwide market environment. As a result, the following market segmentation for OLED microdisplays is provided:

Near-to-Eye (NTE) Devices, Electronic Viewfinder (EVF)/Camera, Head-Mounted Displays (HMD), AR HMD, VR HMD, Head-Up Displays (HUD), Projector Pico Projector, Data Projector, and Others (Monocular and Binocular Systems, Rifle Scopes, Thermal Imaging Glasses, and Medical Equipment)

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Introduction, LCD, LCoS, OLED, and DLP are the top technologies used in OLED microdisplays.

Market for OLED Microdisplays, by Resolution: HD, FHD, Higher than FHD

Less than 500 Nits, 500 to 1,000 Nits, and More than 1,000 Nits OLED Microdisplay Market

Consumer, Industrial & Enterprise, Automotive, Military, Defense, and Aerospace, Sports & Entertainment, Retail & Hospitality, Medical, Education, and Others are the industries that use OLED microdisplays (BFSI, Telecommunications, Construction, Agriculture, and Transportation)

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