The Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market Size, is expected to be worth USD 12.13 Billion in 2021 and is estimated to reach up to USD 37.11 Billion by 2030, at a compound annual growth rate (CAGR) of 12.50% from 2022 to 2030. OLEDoS technology is becoming more and more popular among end users due to it is more power-efficient, lighter, thinner, brighter, and provides superior contrast. OLEDs offer broader viewing angles, quicker response times, higher contrast ratios, and more vibrant colors to enhance the viewing experience for users.
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Display technology has ingrained itself into every aspect of our daily lives. A micro-display is an extremely tiny display with a diagonal measurement of under 25 mm. High-resolution, high-density displays are used in magnified display systems. About 20 years have passed since the invention of micro displays. Micro screens are used in a variety of industries, including industrial, commercial, aerospace, military, automotive, medical, and law enforcement and rescue. Most military and aerospace HMDs and HUDs use micro displays. The first firm to offer OLED tiny panels to the aerospace and military industries was Miniature-OLED. While utilizing less power, these display modules enhance image resolution.
The Global OLEDoS (Organic Light-Emitting Diode on Silicon) market suffered from the COVID-19 epidemic. Indescribable human suffering, including illness and death, as well as immeasurable financial consequences, have been brought on by COVID-19. Some businesses have stopped or drastically curtailed their manufacturing capacity as a result of the COVID-19 epidemic. When lockdowns were implemented and all factorial units were shut down as a result of the COVID-19 issue, sales of OLEDoS (Organic Light-Emitting Diode on Silicon) dropped dramatically, costing manufacturing companies sales. Similar to the COVID-19 crisis, renewable technologies were given more attention; nevertheless, fewer power facilities were in service as a result of a manpower shortage.
AMOLED Displays are Becoming More Popular in Electronic Devices Propel Market Growth
Customer electronics technology advancements and global economic expansion are driving consumer demand for OLED products. Smartphones and televisions frequently employ OLED displays. In addition, despite the pandemic, many display panel manufacturers have claimed an increase in mobile display sales as a result of new product releases and an improved supply-demand situation for large panels.
Innovation of Video Display with OLED Drive Market Growth
OLEDs have generated a lot of attention in the global scientific and industrial communities during the forecast period. With a focus on passive and active-matrix solutions, a wide variety of OLEDs have entered the market and are finding use in a number of different industries. One of the main research areas in the OLED industry is the creation of white OLEDs with a long shelf life of more than 15,000 hours at a brightness level of 1,000 cd/m2. Additionally, flexible OLEDs have been used to create more portable, lightweight, durable devices. OLED displays are made of organic materials that emit light instead of using backlighting or filtering systems like LCD displays.
Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market Report Coverage
|Forecast Period 2021-2030 CAGR:||12.50%|
|2030 Value Projection:||USD 37.11 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||219|
|Tables, Charts & Figures:||96|
|Companies Covered:||BOE Technology, Yunnan OLiGHTEK Opto Electronic Technology Co.,Ltd., Microtips Technology, Kopin Corporation, EPSON, Japan Display Inc., Sony, Innolux Corp., eMagin, SAMSUNG, AU Optronics, LG Display Corporation, MICROOLED Technologies, INT Tech, Others|
|Growth Drivers:||1)AMOLED Displays are Becoming More Popular in Electronic Devices Propel Market Growth 2)Innovation of Video Display with OLED Drive Market Growth|
|Pitfalls & Challenges:||Concerns Regarding OLED Displays HighCost Hamper Market Growth|
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Concerns Regarding OLED Display's HighCost Hamper Market Growth
Market expansion is anticipated to be constrained by the high cost of OLED displays. The employment of cutting-edge technologies in various end-use industries would drive up costs even more, which might act as a market restraint for the electronics sector. Furthermore, compared to the production of an LCD panel, an AMOLED screen still requires more sophisticated technology. The convoluted value chain and numerous vendors make the supply chain even more difficult.
The Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market is segmented by Type, Technology, End-User, and Region. Based on the Type, the market is categorized into Flexible, and Foldable. Based on Technology, the market is categorized into PMOLED, and AMOLED. Based on End-Use Industry, the market is categorized into Consumer Electronics, Aerospace & Defense, Healthcare, Industrial, Automotive, and Others. Based on the Region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
By Type insights
The organic light-emitting diode on silicon market is divided into two types based on the type segment: flexible and foldable. Due to its physical characteristics—it is robust and durable by nature and can protect the goods in harsh conditions—the flexible category has dominated the market share of the worldwide market.
By Technology Segment
The global OLEDoS (organic light-emitting diode on silicon) market is divided into PMOLED and AMOLED based on the technology segment. The AMOLED held the biggest market share in 2020 of the global OLEDoS (organic light-emitting diode on silicon) market, which can be attributed to the rising demand across the retail and consumer goods sector, which is projected to fuel the market's expansion. Digital displays for portable devices like handheld game consoles, mobile phones, and PDAs are becoming more and more common due to the desire for AMOLED technology.
MARKET SEGMENTATION: BY REGION
The Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
North America is anticipated to have the largest market share of the worldwide market for OLEDoS (Organic Light-Emitting Diode on Silicon) Market due to the availability of major manufacturers who create and sell top-tier OLEDoS (organic light-emitting diode on silicon) modules. The adoption of OLED displays in smartphones, digital signage, and the automotive industries, as well as the rising demand for TV display panels, all contribute to the market's expansion. However, Asia Pacific is anticipated to see the greatest growth rate throughout the projected period of the global OLEDoS (Organic Light-Emitting Diode on Silicon) Market due to the quick industrialization and significant economic growth rate. Growing adoption of OLEDoS applications in the area. The region is also home to companies that manufacture TVs, TV sets, and other products. Samsung Electronics, a major OLED display manufacturer, has its headquarters in South Korea. Furthermore, China is the world's largest producer of OLEDs and the fastest-growing consumer goods market, both of which are likely to increase demand for OLED displays and propel the industry's expansion.
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The majority of luxury car manufacturers install top-notch OLED displays, such as HUDs, instrument clusters, and central stack displays, whereas Europe is also anticipated to experience sustained growth in the OLED market as the region is recognized as a leader in the production of luxury automobiles. This would ultimately spur demand for OLED screens and support industry expansion.
- BOE Technology
- Yunnan OLiGHTEK Opto-Electronic Technology Co.,Ltd.
- Microtips Technology
- Kopin Corporation
- Japan Display Inc.
- Innolux Corp.
- AU Optronics
- LG Display Corporation
- MICROOLED Technologies
- INT Tech
- In October 2021, MICROOLED Technologies will introduce ActiveLook Eyewear, a tiny, covert augmented reality gadget that shows navigational data on a Head-up display.
- in July 2020, the 0.7" 2300 PPI Native RGB AMOLED micro-display solution for Extended Reality (XR) devices was introduced by INT Tech.
The scope of the report includes a detailed study of regional markets for Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market. The global OLEDoS (Organic Light-Emitting Diode on Silicon) Market is segmented by Type, Technology, End-User, and Region. It shows the future forecast and market situation. The study also covers the significant data presented with the help of graphs and tables. The report covers information regarding the competitive outlook including the market share and company profiles of the key participants operating in the Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market.
By End-Use Industry
- Consumer Electronics
- Aerospace & Défense
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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