Oled Microdisplay Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The OLED microdisplay market is expected to register a CAGR of 27.69% during the forecast period. OLED microdisplays offer a compact size with high pixel density. The market is witnessing growth in demand owing to the increased use of microdisplays in devices such as smartphones, television, etc. Moreover, low entry barriers and growing avenues of revenue are the prominent attributes in the OLED microdisplay market.
Key HighlightsThe OLED microdisplay market is highly fragmented with the presence of major players like Microoled SA (Photonis Technologies SAS), Yunnan Olightek Opto-electronic Technology Co. Ltd, Winstar Display Co. Ltd, Emagin Inc., and Kopin Corp. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In August 2022, Micro OLEDs supplied by Sony were used in Xiaomi’s new camera and data glasses, “Mijia”. The display supplied by Sony offers a maximum brightness of 3,000 nits and a resolution of 3,281 PPI. MijiaGlasses camera is an AR HMD device with a Snapdragon 8 chipset and dual cameras with 5X optical zoom.
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