OLED Microdisplay Market Size To Expand at a Notable CAGR Of 27.69% During 2023-2032

Pune, India, February 26, 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on the global OLED microdisplay market.

Market Highlights

The 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.

Key Players

The key players in the OLED microdisplay market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Sony Corporation (Japan), LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd (South Korea), OSRAM Licht AG (Germany), Dresden Microdisplay GmbH (Germany), Kopin Corporation (US), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd (China), Himax Technologies, Inc. (Taiwan), Holoeye Photonics AG (Germany), Seiko Epson Corporation (Japan), Silicon Micro Display Inc. (US), eMagin Corporation (US), OmniVision Technologies Inc. (US), MicroVision Inc. (US), and WINSTAR Display Co., Ltd (Taiwan). These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the OLED microdisplay market. These include Innovative and others. Fraunhofer Fep (Germany), Industrial Technology Research Institute (ITRI) (Taiwan), Cea-Leti (France), JBD Inc. (US), Vuereal (Canada), Jasper Display Corp. (US), Texas Instruments Inc. (US) among others.

Regional Analysis

The market for spectrum analyzer is estimated to grow at a significant rate during the forecast period from 2023 to 2032. The geographical analysis of spectrum analyzer market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

Asia-Pacific dominates in terms of revenue generation during the forecast period. Owing to the presence of major display device manufacturers and increased adoption of smartphones and smartwatches, the demand of microdisplay with OLED technology is increasing. Moreover, North America region is also growing with the second highest growth rate. Countries such as the US and Canada are heavily investing in smart homes and smart city initiatives which is increasing the demand of microdisplay to be used in commercial spaces.