Global OLEDoS (Organic Light-Emitting Diode on Silicon) Market Size, Share, and COVID-19 Impact Analysis, by Type (Flexible, Foldable), by Technology (PMOLED, AMOLED), by End-use Industry (Consumer Electronics, Aerospace & Defence, Healthcare, Industrial, Automotive & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Analysis and Forecast 2022-2030

KEY MARKET INSIGHTS

The global OLEDoS (organic light-emitting diode on silicon) market was valued at USD 12.5 Bn in 2021. The market is projected to grow USD 39.1 Bn in 2030, at a CAGR of 12.8%. OLEDoS technology is gaining popularity among end consumers because it is thinner, brighter, lighter in weight, more power efficient, and offers better contrast. To improve the viewing experience of end users, OLEDs provide wider viewing angles, faster response times, greater contrast ratios, and more rich colours. They are more expensive than LED and LCD products.

Display technology has become an inseparable part of our everyday life. A micro-display is a very small display that measures less than 25 mm diagonally. Magnified display units use high-resolution and high-density screens in these display units. Micro screens have been around for about two decades. Industrial, commercial, aerospace, military, automotive, medical, and law enforcement and rescue are just a few of the industries that use micro screens. Micro screens are mostly utilised in military and aerospace HMDs and HUDs. Miniature-OLED was the first company to supply OLED micro screens to the military and aerospace industries. These display modules improve image resolution while using less power.

COVID-19 ANALYSIS

The outbreak of COVID-19 impacted negatively on the global oledos (organic light-emitting diode on silicon) market. COVID-19 has resulted in indescribable human suffering, including death and disease, as well as unimaginable economic costs. As a result of the COVID-19 epidemic, some companies have ceased or significantly reduced their manufacturing capacity. Due to the COVID-19 issue, sales of oledos (organic light-emitting diode on silicon) dropped dramatically when lockdowns were enacted and all factorial units were shuttered, resulting in manufacturing companies losing sales. Similarly, during the COVID-19 crisis, there was a greater emphasis on renewable technologies; nevertheless, due to labor shortages, fewer power facilities were operational.

LATEST TREND

Increasing Adoption of Amoled Display Across Electronic Devices

Consumer demand for OLED items is being driven by technology developments in consumer electronics as well as global economic growth. OLED displays are widely used in smartphones and television sets. Furthermore, despite the pandemic, numerous display panel makers have reported an uptick in mobile display sales because to new product introductions and a better supply-demand scenario for large panels.

DRIVING FACTORS

Advancement of Video Display with OLED

OLEDs have gotten a lot of attention from the scientific and industrial communities throughout the world over the years. A wide range of OLEDs have reached the market, with an emphasis on passive and active matrix solutions, and are finding applications in a variety of industries. The development of white OLEDs with a long shelf life of more than 15,000 hours at a brightness level of 1,000 cd/m2 is a prominent topic of research in the OLED market. In addition, bendable, lightweight, and indestructible gadgets have been built using flexible OLEDs with greater portability. OLED displays are constructed of organic light-emitting materials and do not require any of the backlighting or filtering systems seen in LCD displays. OLEDs are predicted to replace LCDs in most applications during the next decade, ranging from televisions to smartphones.

Rising Government Support for OLED Adoption

The rising government support from different nations are focused on adopting OLED technologies across the world. The global market is growing because to the favorable attitude of many countries toward the implementation of OLED lighting technology. For instance, German government offers towns subsidies to replace lighting in publicly held assets such as ageing street lighting with innovative OLED technology.

RESTRAINTS

Concerns Pertaining to High Cost of OLED Display

The high cost of oledos display is projected to limit market expansion. The advanced technologies utilised in different end-use industry would raise costs even further, which could operate as a market restraint for electronics sector. Furthermore, producing an AMOLED screen still necessitates more advanced technology than producing an LCD panel. The supply chain is further complicated by the complex value chain and several vendors.

SEGMENTATION

The global oledos (organic light-emitting diode on silicon) market is segmented by Type (Flexible, Foldable), by Technology (PMOLED, AMOLED), by End-Use Industry (Consumer Electronics, Aerospace & Defence, Healthcare, Industrial, Automotive, Others) and region. Based on the type, the market is categorized into flexible, foldable. Based on technology, the market is categorized into pmoled, amoled. Based on end-use industry, the market is categorized into consumer electronics, aerospace & defence, healthcare, industrial, automotive & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Type Insights

Based on the type segment, the global oledos (organic light-emitting diode on silicon) market is categorized into flexible, foldable. The flexible segment has dominated the market share of the global oledos (organic light-emitting diode on silicon) market in 2020 owing to its physical properties as it is strong and tough by its nature and can protect the goods in rough conditions.

Technology Insights

Based on the technology segment, the global oledos (organic light-emitting diode on silicon) market is categorized into pmoled and amoled. The amoled held the largest market share in 2020 of the global oledos (organic light-emitting diode on silicon) market attributing by increasing demand across retail and consumer goods sector is likely to propel the growth of the global oledos (organic light-emitting diode on silicon) market. The demand of amoled technology is used increasingly in the TV screens, computer monitors, and portable devices like handheld gaming consoles, cell phones, and PDAs to make digital displays.

End User Industry Insights

Based on the end user industry segment, the global oledos (organic light-emitting diode on silicon) market is categorized into consumer electronics, aerospace & defence, healthcare, industrial, automotive & others. The consumer electronics held the largest market share in 2020 of the global oledos (organic light-emitting diode on silicon) market owing to the increasing number of electronics and their components across the world.

REGIONAL INSIGHTS

The global oledos (organic light-emitting diode on silicon) market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America region is dominating the market share of global oledos (organic light-emitting diode on silicon) market owing to the presence of prominent manufacturing players that develop and distribute world-class oledos (organic light-emitting diode on silicon) modules. However, Asia Pacific is expected to witness fastest growth rate over the forecast period of oledos (organic light-emitting diode on silicon) market due to the strong economic development rate and rapid industrialization. Increasing usage of OLEDoS applications across the region.

INDUSTRY PLAYERS

• 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

KEY INDUSTRY DEVELOPMENTS:

October 2021- MICROOLED Technologies has launched ActiveLook Eyewear which offers miniaturized and invisible augmented reality device that displays navigation information via a Head-up display.

July 2020- INT Tech launched 0.7” 2300 PPI Native RGB AMOLED micro-display solution into their product line for Extended Reality (XR) devices.

SEGMENTATION

By Type

• Flexible
• Foldable

By Technology

• PMOLED
• AMOLED

By End-use Industry

• Consumer Electronics
• Aerospace & Defence
• Healthcare
• Industrial
• Automotive
• Others

By Region

• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy
• Asia-Pacific- China, Japan, India
• Latin America- Brazil, Argentina, Colombia
• The Middle East and Africa- United Arab Emirates, Saudi Arabia