Dublin, July 22, 2024 (GLOBE NEWSWIRE) -- The "Global Micro-OLED Display Market by Technology (Full-Color Micro-OLED Displays, Monochrome Micro-OLED Displays), Resolution (4K, Full HD, High-Definition), Component, Application, End-Use Industry - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Micro-OLED Display Market grew from USD 1.33 billion in 2023 to USD 1.41 billion in 2024. It is expected to continue growing at a CAGR of 5.88%, reaching USD 1.99 billion by 2030.
A micro-OLED display, also known as OLED on Silicon or ?m-OLED, is an advanced display technology that integrates organic light-emitting diodes directly onto a silicon wafer substrate. This enables the creation of ultra-high resolution and compact displays with superior image quality, vibrant colors, and deep blacks. Major factors expanding the use of micro-OLED displays include their potential applications in augmented reality (AR) and virtual reality (VR) devices, which demand high pixel density and low power consumption for immersive experiences.
Additionally, micro-OLED displays are increasingly being used in wearables, head-up displays (HUDs), and high-end camera viewfinders due to their compact size and exceptional visual performance. However, challenges such as high manufacturing costs, technical complexities in scaling production, and limited supplier base pose significant barriers to widespread adoption. Despite these challenges, future opportunities in the market appear promising, driven by continuous advancements in fabrication techniques, increasing investments in AR/VR sectors, and expanding demand for miniaturized high-resolution displays across various consumer electronics and industrial applications.
Regional Insights
The global micro-OLED display market is anticipated to experience dynamic growth across diverse regions, each exhibiting unique market drivers and consumer behaviors. North America, particularly the United States, serves as a major hub for technological innovation, driven by substantial R&D investments and high demand for micro-OLED displays in sectors such as VR/AR, military, and healthcare.
Consumers in this region seek high-quality visual experiences facilitated by high disposable incomes and actively participate in trade activities encompassing the import and export of high-tech components. Europe, comprising major countries such as Germany, France, and the United Kingdom, emphasizes automotive applications and robust healthcare infrastructure, driving demand for micro-OLED technology. Consumers in Europe prioritize premium-quality, sustainable, and energy-efficient products.
The Middle East shows increasing adoption of advanced military technology and high-end consumer electronics, while Africa is in the early stages of adoption with a growing focus on cost-effective, durable technologies, including micro-OLED. In the Asia-Pacific region, China and Japan emerged as major manufacturing hubs with strong domestic demand across various sectors, supported by government incentives for technological innovation. India's rapidly growing consumer market shows increasing demand for smart devices and advanced display technologies, including micro-OLED.
Recent Developments
LG introduces its latest advancements in OLED technology during SID Display Week 2024
LG Electronics, Inc. announced its latest innovations at SID Display Week 2024 in San Jose, California, from May 14-16 under the theme "A Better Future." Highlights include an OLEDoS technology tailored for VR, which significantly enhances screen brightness and resolution, achieving 10,000 nits and around 4,000 ppi on a 1.3-inch display. OLEDoS leverages Micro Lens Array (MLA) to boost brightness by 40%, utilizing micrometer-sized lenses to reduce internal reflection.
Tower Semiconductor Teams Up with Tianyi Micro to Revolutionize Micro-OLED Displays
Tower Semiconductor and Tianyi Micro, a developer of micro display driver chips specializing in silicon-based micro-OLEDs and micro-LEDs, have announced a strategic collaboration aimed at developing next-generation OLED micro displays for the AR/VR market. Leveraging Tower's specialized 180nm and 65nm micro display backplane process flows, which facilitate current-driven OLED pixel designs, this partnership addresses the burgeoning Chinese and global demands for advanced AR/VR solutions.
Samsung Electronics has announced the launch of its 2024 lineup of Neo QLED, Micro LED, OLED, and lifestyle displays
Samsung Electronics recently unveiled its latest QLED, MICRO LED, OLED, and Lifestyle display lineups ahead of CES 2024. These new displays focus on enhanced picture and sound quality and introduce AI-driven features secured by Samsung Knox, aimed at empowering individual lifestyles. The standout innovation is the transparent MICRO LED, which functions similarly to clear glass, owing to its small MICRO LED chip and precision manufacturing that eliminates seams and light refraction.
Market Dynamics
Competitive Landscape
- Aledia
- Apple Inc.
- BOE Technology
- Kopin Corporation
- LG Electronics, Inc.
- Lumicore Technology Co., Ltd.
- MICROOLED Technologies
- NSE LED
- Samsung Electronics Co., Ltd.
- Sony Corporation
- TCL Technology Group Corp.
- Tianyi Micro
- Tower Semiconductor
- Youritech
- Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.
Market Segmentation Analysis
- Technology: Higher Adoption of Full-Color Micro-Oled Displays in Consumer Electronics and Immersive Tech Applications
- End-Use Industry: Growing Incorporation of Micro-Oled Displays in Miniature Consumer Electronics
Market Drivers
- Rising adoption of energy-efficient portable and wearable devices
- Growing preference for low power consuming and Ultra HD displays
Market Restraints
- High manufacturing cost and technical complexities
Market Opportunities
- Advancements in production techniques to minimize cost and technical hurdles
- Potential usage of micro-OLED in healthcare and medical applications
Market Challenges
- Supply chain complexity and intellectual property issues
Industry Insights:
- Market Disruption Analysis
- Porter's Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
Technology
- Full-Color Micro-OLED Displays
- Monochrome Micro-OLED Displays
Resolution
- 4K
- Full HD
- High-Definition
- Quad HD
Component
- Control ICs
- Display Panel
- Drivers
Application
- Augmented Reality Headsets
- Digital Cameras
- Electronic Viewfinders
- Head-up Displays
- Smart Glasses
- Virtual Reality Headsets
End-Use Industry
- Aerospace
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
- Military & Defense
For more information about this report visit https://www.researchandmarkets.com/r/7i9ifc
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