The modern era is encouraging the ubiquity of small screens with great potential. It is depicted by the acceptance of devices such as smartwatches, which have taken the benefit of the high resolution and low power consumption of microdisplays. Furthermore, a wide range of displays including head-mounted displays, oled microdisplay, dlp projectors, electronic viewfinders, and head-up displays are gaining prominence. As of now, LCD displays are mostly getting replaced by the OLED microdisplays across numerous verticals such as TV and mobile phones. These OLED displays are inclusive of thin films which are made up of organic light emitting materials. OLED has been evolving as a next-generation display technology with a simpler structure compared to LCDs. Additionally, it is more advantageous because it provides a larger color gamut, wide viewing angles, better contrast, faster refresh rate, lower power consumption and also a wide operating temperature range. Microdisplays are primarily used in multifarious applications such as an EVF (Electronic View Finders) designed for digital cameras and Helmet Mounted Display systems (HMDs) and as an image source used for Rear Projection TVs (RPTVs), projectors. In addition to this, increasing adoption of Virtual Reality (VR) systems, near-eye displays, Augmented Reality (AR) and smart glasses, Head-Up Display (HUD) systems and their need for high-resolution microdisplays is fuelling the microdisplays market demand. Hence, as of 2018, the global Microdisplays Market size has reached $1 billion and is estimated to grow at a CAGR of 18.7% over the forecast period 2019-2025.
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Currently, eMagin Corporation and Sony Semiconductor Solutions Corporation are the two leading OLED microdisplay producers. Firstly, Sony Company produces a wide variety of microdisplays for the consumer electronics market. These displays are largely accepted as camera EVFs. For Instance, XGA OLED EVF is used in Sony’s Alpha a7S Mirrorless Digital Camera. On the other hand, eMagin Company mainly operates into defense, industry and medical markets. Recently, it has stepped into the consumer market and is targeting to deliver the superior user experience for VR and AR headsets. Presently, the demand for wearable products is high, which is automatically increasing the growth of microdisplays market.
Major Players in Microdisplays Market Include:
Kopin Corporation; Himax Technologies, Inc.; eMagin Corporation; WiseChip Semiconductor Inc.; Microtips Technology, LLC; Universal Display Corporation; Sony Semiconductor Solutions Corporation; Micron Technology Inc.; LG Display Co. Ltd.;Yunnan Olightek Opto-Electronic Technology Co., Ltd.; Jasper Display Corporation, AU Optronics Corporation, and Microvision Inc.
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