Micro-OLED Market By Type (AMOLED, PMOLED), By Application (Wearable Devices, AR/VR Devices, Telescopes/Microscopes, Cameras, HUDs, Others), By End User (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 – 2031
Micro-OLED Market Outlook
The Global Micro-OLED Market was valued at USD 192.8 Million in 2022 and is expected to reach USD 1,438.3 Million in 2031, expanding at a CAGR of 25.6% during the forecast period.
Micro-OLED, or Micro-OLED, is a silicon-based display that uses monocrystalline silicon wafers as the backplane, which is essentially a circuit board. The Organic Light Emitting Diodes (or OLEDs) sit on top, and thousands of these OLEDs are used. Micro-OLEDs can be made flexible, foldable, and even rollable and the displays offer the best image quality currently in production. OLEDs use tiny subpixels made from organic emissive materials.
The headline feature of Micro-OLED is that it's incredibly detailed. The self-emissive nature of OLEDs eliminates the need for backlighting, which helps in reducing the device’s weight, thickness, and overall power consumption. Micro-OLED displays are used in many applications across multiple industries.
One of its important uses is in virtual reality (VR) and augmented reality (AR) headsets. Micro-OLEDs offer high-resolution and wide-field-of-view displays improving the overall immersive experience for users. They allow the presentation of images and graphics, letting users to interact flawlessly with virtual surroundings.
The global Micro-OLED Market is slightly impacted by Covid-19, due to the disruption in the supply chain and limitations in the cross broader transactions. The supply chain was disrupted in the initial stage of the lockdown, which declined the manufacturing of Micro-OLEDs.
Micro-OLED Market Dynamics
Driver: Increasing Demand for Smart Consumer Electronics
Increasing demand for smart consumer electronics drives the Micro-OLED market. The increasing number of consumers who want convenience and connectivity provided by smart devices. Micro-OLEDs with compact size, which are compatible for incorporating in smart consumer electronics, meet these requirements.
Micro-OLEDs are in substantial demand for smartphones. Consumers are using their smartphones for numerous tasks, such as gaming and streaming videos. Therefore, there is a need for displays that provide excellent visual quality.
Driver: Growing Adoption of Wearable Devices
Increasing adoption of wearable devices spurs the demand for Micro-OLED displays. Wearable devices such as smartwatches and fitness trackers have gained huge popularity in recent years, due to their ability to provide users with real-time data and improved connectivity.
Micro-OLED displays are suitable for integration into wearable devices. Their compact size and light weight make them ideal for small form factors that ensure a comfortable fit for the user. Micro-OLEDs offer high pixel density, allowing crisp and vibrant visuals that improve the user experience.
Restraint: High Manufacturing Costs
Micro-OLED require high manufacturing costs, due to the technology that it used in them. The manufacturing processes involved in producing Micro-OLED displays add to the elevated cost. Other display technologies such as LCD or LED are mature and economical. However, Micro-OLED technology is relatively new.
The high manufacturing cost of Micro-OLED displays poses a challenge to their adoption. High costs limit the availability of Micro-OLED technology in consumer electronics, where costs are critical. Manufacturers need to balance the benefits of Micro-OLEDs such as their superior visual quality and energy efficiency with their costs.
Opportunity: Development Of AR/VR And Mixed Reality Devices
The development of augmented reality/virtual reality (AR/VR) devices offers a substantial opportunity for Micro-OLED manufacturers. These technologies rely on high-resolution displays to produce realistic and appealing virtual environments. Micro-OLED displays, with their visual quality compactness and energy efficiency, are suitable to meet the requirements of AR/VR.
AR/VR devices merge digital content with the real-world setting, providing users with immersive experiences. Micro-OLED displays play a vital role in these devices by providing high pixel density and fast response.
Scope of Micro-OLED Market Report
The report on the global Micro-OLED Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Micro-OLED Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
By Type (AMOLED, PMOLED), By Application (Wearable Devices, AR/VR Devices, and Telescopes/Microscopes, Cameras, HUDs, Others), By End User (Consumer Electronics, Automotive, Aerospace & Defense, Healthcare, Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
BOE Technology Group, eMagin Corporation, 4D Systems Pty. Limited, Seiko Epson Corporation, Semiconductor integrated Display Technology Co., Ltd (Sidtek), Shenzhen Enrich Electronics Co.,Ltd, Sony Semiconductor Solutions Corporation, US Micro Products, WINSTAR Display Co., Ltd., Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd |
Micro-OLED Market Segmental Outlook
The Global Micro-OLED Market is segmented on the basis of Type, Application, End User and regions.
By Type
Based on type, the global Micro OLED market is segmented into AMOLED and PMOLED. The AMOLED segment is projected to expand at a CAGR of XX% between 2023 and 2031. AMOLED technology offers exceptional image quality and vibrant colors, making it suitable for many applications.
Micro OLED displays built with AMOLED technology deliver deep blacks and high contrast ratios, resulting in an immersive visual experience. The AMOLED segment held a XX % value share of the market in 2022. The PMOLED segment is expected to grow rapidly. PMOLED technology offers advantages in terms of simplicity and cost-effectiveness.
PMOLEDs need fewer components and have a less complex manufacturing process as compared to AMOLED displays. Low production costs of PMOLED Micro OLEDs make it a good option for price-sensitive markets and applications. Furthermore, the PMOLED segment is anticipated to expand at a CAGR of XX% between 2023 and 2031.
By Application
Based on Application types, the global Micro OLED market is segmented into wearable devices, AR/VR devices, telescopes/Microscopes, cameras, HUDs, and others.
The Wearable Devices segment is projected to expand in the coming years. Wearable devices, such as smartwatches, fitness trackers, and augmented reality (AR) glasses, have gained huge popularity in recent years. These devices offer convenient access to information, fitness tracking capabilities, and immersive digital experiences. Additionally, this segment was valued at USD XX million in revenue in 2022.
The AR/VR Devices segment is anticipated to expand at a substantial rate. AR/VR technology has gained significant popularity in recent years, registering widespread applications in gaming, entertainment, education, and training. AR/VR devices rely on high-quality displays to provide immersive experiences.
Micro OLED displays offer several advantages, including high pixel density, fast response times, and wide color gamut. The AR/VR segment is anticipated to expand at a CAGR of XX % between 2023 and 2031.
By End User
Based on End-user, the global Micro OLED market is segmented into consumer electronics, automotive, aerospace & defense, healthcare, and others.
The Consumer Electronics segment is projected to expand at a CAGR of XX% between 2023 and 2031, due to the rise of consumer electronics devices such as smartphones, tablets, smartwatches, and portable gaming consoles. These devices rely on high-quality displays to create appealing and immersive user experiences.
Micro OLED displays offer numerous advantages for consumer electronics, including vibrant colors, high pixel density, and high contrast ratios. The consumer electronics industry segment held a XX% value share of the market in 2022.
The Automotive segment is expected to grow rapidly. The automotive industry is registering a revolution toward the use of connected and autonomous vehicles. Vehicles are becoming smart and technologically advanced, which is increasing the demand for high-quality displays in automotive interiors. Furthermore, the automotive segment is anticipated to expand at a CAGR of XX% between 2023 and 2031.
Regional Outlook
Based on region, the global Micro OLED market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).
North America is estimated to hold a substantial market share in the coming years, because North America has a thriving technology industry, important players in the display technology sector include manufacturers, research organizations, and new startups. This concentration of talent and resources in the region fosters the development and adoption of emerging technologies such as Micro OLED.
The market in Asia Pacific is expected to register significant growth during the forecast period, as the region is home to some of the world's major consumer electronics manufacturers, including South Korea, Japan, and China. These countries have a large global display industry presence and superior production capabilities. These manufacturers are projected to incorporate Micro OLED technology into their product offerings, contributing to the region's market growth.
The market in Europe is expected to expand at a rapid pace during the forecast period, because Europe has a broad and diverse consumer market, there is a significant demand for modern electronic devices. European consumers have a strong preference for expensive and cutting-edge products, as well as high-quality displays.
Key Benefits for Industry Participants & Stakeholders
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In-depth Analysis of the Global Micro-OLED Market
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Historical, Current, and Projected Market Size in terms of Value and Volume
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Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
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Industry Drivers, Restraints, and Opportunities Covered in the Study
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Recent Industry Trends and Developments
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Competitive Landscape & Strategies of Key Players
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Neutral Perspective on Global Micro-OLED Market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro-OLED Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Micro-OLED Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro-OLED Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Micro-OLED Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Micro-OLED Market Size & Forecast, 2016-2031
4.5.1 Micro-OLED Market Size and Y-o-Y Growth
4.5.2 Micro-OLED Market Absolute $ Opportunity
4.6 Global Micro-OLED Market: Technological Roadmap
4.7 Global Micro-OLED Market: Current Status and Future Prospective
4.8 Micro-OLED Vs Micro-LED: Comparison Analysis
Chapter 5 Global Micro-OLED Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Micro-OLED Market Size Forecast By Type
5.2.1 AMOLED
5.2.2 PMOLED
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Micro-OLED Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Micro-OLED Market Size Forecast By Application
6.2.1 Wearable Devices
6.2.2 AR/VR Devices
6.2.3 Telescopes/Microscopes
6.2.4 Cameras
6.2.5 HUDs
6.2.6 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Micro-OLED Market Analysis and Forecast By End User
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By End User
7.1.2 Basis Point Share (BPS) Analysis By End User
7.1.3 Absolute $ Opportunity Assessment By End User
7.2 Micro-OLED Market Size Forecast By End User
7.2.1 Consumer Electronics
7.2.2 Automotive
7.2.3 Aerospace & Defense
7.2.4 Healthcare
7.2.5 Others
7.3 Market Attractiveness Analysis By End User
Chapter 8 Global Micro-OLED Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Micro-OLED Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Micro-OLED Analysis and Forecast
10.1 Introduction
10.2 North America Micro-OLED Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Micro-OLED Market Size Forecast By Type
10.6.1 AMOLED
10.6.2 PMOLED
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Micro-OLED Market Size Forecast By Application
10.10.1 Wearable Devices
10.10.2 AR/VR Devices
10.10.3 Telescopes/Microscopes
10.10.4 Cameras
10.10.5 HUDs
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
10.14 North America Micro-OLED Market Size Forecast By End User
10.14.1 Consumer Electronics
10.14.2 Automotive
10.14.3 Aerospace & Defense
10.14.4 Healthcare
10.14.5 Others
10.15 Basis Point Share (BPS) Analysis By End User
10.16 Absolute $ Opportunity Assessment By End User
10.17 Market Attractiveness Analysis By End User
Chapter 11 Europe Micro-OLED Analysis and Forecast
11.1 Introduction
11.2 Europe Micro-OLED Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Micro-OLED Market Size Forecast By Type
11.6.1 AMOLED
11.6.2 PMOLED
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Micro-OLED Market Size Forecast By Application
11.10.1 Wearable Devices
11.10.2 AR/VR Devices
11.10.3 Telescopes/Microscopes
11.10.4 Cameras
11.10.5 HUDs
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
11.14 Europe Micro-OLED Market Size Forecast By End User
11.14.1 Consumer Electronics
11.14.2 Automotive
11.14.3 Aerospace & Defense
11.14.4 Healthcare
11.14.5 Others
11.15 Basis Point Share (BPS) Analysis By End User
11.16 Absolute $ Opportunity Assessment By End User
11.17 Market Attractiveness Analysis By End User
Chapter 12 Asia Pacific Micro-OLED Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Micro-OLED Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Micro-OLED Market Size Forecast By Type
12.6.1 AMOLED
12.6.2 PMOLED
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Micro-OLED Market Size Forecast By Application
12.10.1 Wearable Devices
12.10.2 AR/VR Devices
12.10.3 Telescopes/Microscopes
12.10.4 Cameras
12.10.5 HUDs
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
12.14 Asia Pacific Micro-OLED Market Size Forecast By End User
12.14.1 Consumer Electronics
12.14.2 Automotive
12.14.3 Aerospace & Defense
12.14.4 Healthcare
12.14.5 Others
12.15 Basis Point Share (BPS) Analysis By End User
12.16 Absolute $ Opportunity Assessment By End User
12.17 Market Attractiveness Analysis By End User
Chapter 13 Latin America Micro-OLED Analysis and Forecast
13.1 Introduction
13.2 Latin America Micro-OLED Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Micro-OLED Market Size Forecast By Type
13.6.1 AMOLED
13.6.2 PMOLED
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Micro-OLED Market Size Forecast By Application
13.10.1 Wearable Devices
13.10.2 AR/VR Devices
13.10.3 Telescopes/Microscopes
13.10.4 Cameras
13.10.5 HUDs
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
13.14 Latin America Micro-OLED Market Size Forecast By End User
13.14.1 Consumer Electronics
13.14.2 Automotive
13.14.3 Aerospace & Defense
13.14.4 Healthcare
13.14.5 Others
13.15 Basis Point Share (BPS) Analysis By End User
13.16 Absolute $ Opportunity Assessment By End User
13.17 Market Attractiveness Analysis By End User
Chapter 14 Middle East & Africa (MEA) Micro-OLED Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Micro-OLED Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Micro-OLED Market Size Forecast By Type
14.6.1 AMOLED
14.6.2 PMOLED
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Micro-OLED Market Size Forecast By Application
14.10.1 Wearable Devices
14.10.2 AR/VR Devices
14.10.3 Telescopes/Microscopes
14.10.4 Cameras
14.10.5 HUDs
14.10.6 Others
14.11 Basis Point Share (BPS) Analysis By Application
14.12 Absolute $ Opportunity Assessment By Application
14.13 Market Attractiveness Analysis By Application
14.14 Middle East & Africa (MEA) Micro-OLED Market Size Forecast By End User
14.14.1 Consumer Electronics
14.14.2 Automotive
14.14.3 Aerospace & Defense
14.14.4 Healthcare
14.14.5 Others
14.15 Basis Point Share (BPS) Analysis By End User
14.16 Absolute $ Opportunity Assessment By End User
14.17 Market Attractiveness Analysis By End User
Chapter 15 Competition Landscape
15.1 Micro-OLED Market: Competitive Dashboard
15.2 Global Micro-OLED Market: Market Share Analysis, 2022
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 BOE Technology Group
15.3.2 eMagin Corporation
15.3.3 4D Systems Pty. Limited
15.3.4 Seiko Epson Corporation
15.3.5 Semiconductor integrated Display Technology Co., Ltd (Sidtek)
15.3.6 Shenzhen Enrich Electronics Co.,Ltd
15.3.7 Sony Semiconductor Solutions Corporation
15.3.8 US Micro Products
15.3.9 WINSTAR Display Co., Ltd.
15.3.10 Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.