OLED Microdisplay Market Size was valued at USD 0.26 Billion in 2023. The OLED Microdisplay market industry is projected to grow from USD 0.33 Billion in 2024 to USD 1.80 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.53% during the forecast period (2024 - 2032). A rise in the use of ADAS and head-up displays (HUD) worldwide and rising demand for wearable devices are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for OLED microdisplays is driven by the rising use of wearable technology because modern devices are shrinking, lightening, and becoming more user-friendly. They are used to show information in pictures and graphs. These gadgets need to be small, easy to use and have displays with a high resolution. The demand for EVFs, HMDs, HUDs, projectors, cameras, thermal imaging glasses, and medical equipment, which are used in many industries, such as consumer electronics, defense, aerospace, medical, and automotive, is driving a lot of growth in the microdisplay market. Microdisplays have much room to grow in HMDs because the number of people who want AR smart glasses will likely grow quickly in the next few years. Demand for OLED microdisplays is expected to rise due to the issues mentioned above in the future.
Additionally, it increased product usage in consumer electronics. Digital cameras and virtual reality headsets both make extensive use of OLED microdisplays. Compatible with various devices, including smartphones, to improve the gaming experience. In line with this, customer tastes are shifting toward smaller electronics and display with a wider field of view and a clearer image, helping the market grow. Furthermore, technological advances like introducing ultra-high-definition and high-definition OLED microdisplays with good optical performance and an excellent contrast ratio are helping the market grow. Therefore, the increasing prevalence of OLED microdisplays is fueling the expansion of the international market.
For instance, Samsung Electronics declared that mass production of its 16-gigabit (Gb) DDR5 DRAM, which uses the most advanced 12 nm-class process technology in the business, has begun. Samsung has finished the state-of-the-art manufacturing process, which shows that it is still the leader in DRAM technology. As a result, the demand for OLED microdisplays is predicted to grow throughout the forecasted time due to the rising demand for miniature versions. Thus, the driving factor is the OLED microdisplay market revenue.
The OLED Microdisplay Market segmentation, based on product, includes near-to-eye devices, head-mounted displays, and head-up displays. In 2022, the near-to-eye devices segment led the OLED microdisplay market in revenue because it is very useful in many ways, like using AR glasses to train workers on the job and help with maintenance. More car companies started putting heads-up displays (HUDs) in their cars.
Figure 1: OLED Microdisplay Market by Product, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The OLED Microdisplay Market segmentation, based on resolution, includes HD and Full HD. The full HD industry is anticipated to grow at a CAGR of 27.69% over the projected period, making up the largest market share because Full HD resolution screens show clear and sharp details. Manufacturers of microdisplay devices must ensure that the display quality is perfect for the device to work well and keep customers happy and their brand's image high.
The OLED Microdisplay Market segmentation, based on the vertical, includes automotive, consumer electronics, media, entertainment & sports, retail, aviation, aerospace & defense, and education. The consumer electronics industry's top seller is expected to grow fastest at a CAGR of 27.69% in the future because its products can be used for many different things. As people's incomes increase, there is more desire for new and expensive products. Entertainment has become a part of these goods, which shows that they are using the latest display technologies. Consumer gadgets, like computer games, VR headsets, and digital cameras, are becoming more popular.
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American OLED microdisplay market will dominate due to the expansion of emerging markets for augmented reality, virtual reality, and smart wearable devices. Gaming and entertainment, healthcare, education, and other sectors will likely drive North American economic growth.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: OLED Microdisplay Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s OLED microdisplay market accounts for the second-largest market share because of increasingly popular applications for microdisplays, including cameras/EVF, projectors, and heads-up displays. Further, the German OLED microdisplay market held the largest market share, and the UK OLED microdisplay market was the rapidly-growing market in the European region.
The Asia-Pacific OLED microdisplay market is expected to grow at the fastest CAGR from 2023 to 2032 due to rapid industrialization, not least because so many original equipment manufacturers and end users are already established there. There are many microdisplay manufacturers in the Asia-Pacific area, which has resulted in a drop in microdisplay pricing and a subsequent increase in the market share of microdisplay-based products. Moreover, China’s OLED microdisplay market held the largest market share, and the Indian OLED microdisplay market was the fastest-rising market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the OLED microdisplay market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's global footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the OLED microdisplay industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the global OLED microdisplay industry to benefit clients and increase the market sector. In recent years, the OLED microdisplay industry has offered some of the most significant technological advancements. Major players in the OLED microdisplay market, including 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), Fraunhofer Fep (Germany), Industrial Technology Research Institute (ITRI) (Taiwan), Cea-Leti (France), JBD Inc. (US), Vuereal (Canada), and others are attempting to grow market demand by investing in research and development operations.
Samsung creates ideas and products that change the world and shape the future. The company is changing how TVs, smartphones, wearable devices, tablets, digital products, network systems, memory, LSI, foundry, and LED solutions work. We help markets like hyper-scale data centers, cars, IoT, mobile, and consumer electronics grow in new ways. World leaders in Mobile, Automotive, AR/VR, Gaming, IoT, Edge, and AI use our goods and technologies. They also help enterprise and hyper-scale data centers grow in ways never seen before. In January 2023, Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, released the ISOCELL HP2, a 200-megapixel (MP) image sensor with better pixel technology and full-well capacity that will be used in the high-end smartphones of tomorrow to take beautiful pictures.
OSRAM Group is a world leader in optical solutions. We improve people's lives by bringing knowledge to light and zeal to creation. It is what is meant by sensing energy. We promote innovation for our clients in the automotive, consumer, industrial, and healthcare sectors so that it dramatically improves their quality of life in terms of health, safety, and convenience while minimizing their environmental effects. We accomplish this by creating fascinating technologies that allow them to keep their competitive advantage. In May 2023, the OSRAM OSLON® Compact PL line of automotive LEDs is now offered in its third generation, which provides an eight percent technical improvement in brightness over the previous generation. The new OSLON® Compact PL LEDs give manufacturers of automotive front illumination higher value and more design options by generating the luminous intelligence required by safety regulations with fewer LEDs.
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)
Fraunhofer Fep (Germany)
Industrial Technology Research Institute (ITRI) (Taiwan)
Cea-Leti (France)
JBD Inc. (US)
June 2023: Kopin Corporation, an important technological milestone, has been developed with the superbright 2K x 2K monochrome MicroLED display. Micro-displays used in Augmented Reality (AR) apps must be highly bright for a user to view images clearly and crisply when using a smartphone in bright daylight and in applications that allow see-through. To meet demanding defensive and augmented reality applications, Kopin developed a one ′′ diagonal 2K x 2K MicroLED display (2048 × 2048 resolution).
May 2023: Sony Corporation and Astellas Pharma Inc. have entered into a joint research agreement to create a novel antibody-drug conjugate (ADC)*1 platform for oncology using Sony’s patented polymeric material, “KIRAVIATM*2 Backbone*3”.
Near-to-Eye Devices
Head Mounted Displays
Head-Up Display
HD
Full HD
Automotive
Consumer Electronics
Media
Entertainment & Sports
Retail
Aviation
Aerospace & Defense
Education
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.26 Billion |
| Market Size 2024 | USD 0.33 Billion |
| Market Size 2032 | USD 1.80 Billion |
| Compound Annual Growth Rate (CAGR) | 23.53% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Resolution, Vertical, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Aircraft Type, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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), Silicon Micro Display Inc. (US), eMagin Corporation (US), OmniVision Technologies Inc. (US), MicroVision Inc. (US), Industrial Technology Research Institute (ITRI) (Taiwan), Cea-Leti (France), JBD Inc. (US), Vuereal (Canada) |
| Key Market Opportunities | The defense and aerospace industry's adoption of microdisplays |
| Key Market Dynamics | Rising interest in healthcare visualization Access to the Internet Increased use of augmented reality and virtual reality systems |
OLED Microdisplay Market Highlights:
Frequently Asked Questions (FAQ) :
The OLED Microdisplay Market size was valued at USD 0.26 Billion in 2023.
The global market is projected to grow at a CAGR of 23.53% during the forecast period, 2024-2032.
North America had the largest share of the global market.
The key players in the market 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), Fraunhofer Fep (Germany), Industrial Technology Research Institute (ITRI) (Taiwan), Cea-Leti (France), JBD Inc. (US), Vuereal (Canada).
The near-to-eye devices category dominated the market in 2022.
Consumer electronics had the largest share of the global market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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