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OLED Microdisplay Market Research Report Information By Product (Near-to-Eye Devices, Head Mounted Displays, Head-Up Displays), By Resolution (HD, Full HD), By Vertical (Automotive, Consumer Electronics, Media, Entertainment & Sports, Retail, Aviation, Aerospace & Defense, and Education), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Industry Forecast Till 2032


ID: MRFR/SEM/6010-HCR | 100 Pages | Author: Aarti Dhapte| October 2024

Global OLED Microdisplay Market Overview:


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. 


OLED Microdisplay Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


OLED Microdisplay Market Trends




  • Growing use of head-mounted displays across the industry is driving the market growth




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.


OLED Microdisplay Market Segment Insights:


OLED Microdisplay Product Insights


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)


OLED Microdisplay Market by Product, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


OLED Microdisplay Resolution Insights


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.


OLED Microdisplay Vertical Insights


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.


OLED Microdisplay Regional Insights


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)


OLED Microdisplay Market SHARE BY REGION 2022


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.


OLED Microdisplay Key Market Players & Competitive Insights


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.


Key Companies in the OLED Microdisplay Market include




  • 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)




OLED Microdisplay Industry Developments


January 2024: An augmented reality (AR) gadget that can be installed on the wearer's helmet, similar to the new Apple Vision Pro, has been introduced by the Japanese technology giant Sony. Dual controllers allow users to interact with three-dimensional objects and pinpoint operations. Additionally, the display has a see-through capability and a microdisplay that is a 4K OLED display for each eye. The stated objective of the business is to provide assistance to producers in the process of creating 3D content by using the headset. According to the press release issued by the business, the smartphone is powered by the Snapdragon XR2+ Gen 2 processor.


It is equipped with a motion capture technology known as "mocopi" for motion tracking, as well as Spatial Reality Displays for the generation of "highly realistic" material. Ninety-six percent of the DCI-P3 color space is covered by the displays. For more natural interactions, its on-chip artificial intelligence enables users to spatially track virtual reality experiences and connect actual and digital places. Users are able to operate on things using the controllers and the keyboard while the device is positioned on the head. This is made possible by the ring controller.


"This spatial content creation system, equipped with an XR head-mounted display with 4K OLED Microdisplays and Sony's proprietary rendering technology, enables real-time, high-definition and realistic rendering of textures of 3D objects and facial expressions of human characters," the firm said in its announcement. It is equipped with a ring controller, as well as six cameras and sensors. In order to work on 3D models, it will provide support for third-party applications that create 3D models.


The display of the Sony headset has a "flip-up mechanism" that enables users to transition between the digital and real worlds without having to remove the item from their forehead. The XR headset will also get "immersive engineering capabilities" at the time of its introduction, which will be accomplished via the incorporation of the NX Immersive Designer software product.


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”.


OLED Microdisplay Market Segmentation:


OLED Microdisplay Product Outlook




  • Near-to-Eye Devices




  • Head Mounted Displays




  • Head-Up Display




OLED Microdisplay Resolution Outlook




  • HD




  • Full HD




OLED Microdisplay Vertical Outlook




  • Automotive




  • Consumer Electronics




  • Media




  • Entertainment & Sports




  • Retail




  • Aviation




  • Aerospace & Defense




  • Education




OLED Microdisplay Regional Outlook




  • 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


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.

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