OLED Microdisplay Market Report 2021 : Industry Insights, Growth, Developments

1. Market Research Report EXCLUSIVE EDITION Global OLED Microdisplay Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global OLED Microdisplay Market © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

3. ABOUT MARKET STATSVILLE GROUP (MSG) Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG was initiated its working in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services. Market Statsville is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in the form of market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing a variety of customizable data that help you make decisions with clarity, confidence, and impact. Market Statsville is your global data intelligence partner for reliable market research data, data gathering, and analytical services. MSG also has an extensive network of top-flight domestic and global research personals around the world, enabling us to provide high-quality worldwide research solutions that cater to a well-established company, government organizations, or a startup. MSG's clients have the authority to work directly with one or more of our researchers to gather the most useful data knowledge and analytical plan to formulate it in the actual practice. Market Statsville Group believes that to succeed, companies or individuals must blend digital and human capabilities most efficiently. MSG diverse and experienced global team of business consultants and market researchers will ensure the valuable reports for our clients through digging in-depth market information and functional expertise to continuously spark the changes and real-time valuation of variation in the market/industry. MSG works in a uniquely collaborative model throughout the business process across the globe to assist the client's company with the most accurate information that they are aiming for in the reports. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

4. RESEARCH PROCESS Our research is an optimum culmination of secondary and primary research, with the latter playing a major role. We also have an in-house repository and access to a number of external regional and global paid databases to help address specific requirements of our clients. The research process begins with a holistic secondary research, followed by expert interviews. The information gathered is then comprehensively analyzed by our highly experienced in-house research panel © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

5. OLED Microdisplay Market 2021: Industry Size, Regions, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2027 OLED Microdisplay Market by Type (Near-to-eye and Projections), by End-Use (Automotive, Healthcare, Industrial, Consumer Electronics, Military, and Law Enforcement), by Region – Global Share and Forecast to 2027 Description The global OLED microdisplay market was valued at USD 123.9 million in 2020, and it is expected to reach USD 537.0 million by 2027, registering a CAGR of 27.6% during the period. The display industry has advanced from the substantial cathode ray tube (CRT) to the organic light–emitting diode (OLED), owing to the different display needs of various industries. Advancements in computer sizes range from mainframes to palmtops, and now to a display frame that is less than an inch, diagonally. These frames are generating the need for microdisplay technologies. The growing marketplace for wearable devices also augments the demand for small and lightweight displays. OLED microdisplays offer a compact size with high pixel density. The market is witnessing growth, owing to the increased use of microdisplays in devices, such as smartphones, television, etc. Also, low entry barriers and growing revenue avenues are the prominent attributes of the OLED microdisplay market. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

6. The comparative advantages offered by the OLED microdisplays are another driving factor for the increasing adoption of the technology. OLED microdisplays provide benefits, such as size, power, color space, and contrast, making them an ideal suit for near–to–eye applications, hence, the increased adoption in VR/AR and HMDs. OLED microdisplays are used in personal viewers (PV). Electronic viewfinders (EVF) and consumer market applications encompass VR glasses, EVF, industrial cover AR smart glasses, and the defense market targets AR helmets for pilots. Get Full PDF Sample Copy of Report: https://www.marketstatsville.com/request-sample/oled- microdisplay-market Furthermore, tech giants, such as Google and Apple, have been investing in AR technology startups; Google has invested in Owlchemy Labs and Eyefluence. Apple has a growing list of AR/VR firms in its fold, including Metaio, a free mobile AR browser, and Akonia Holographics builder of lenses for AR glasses. Google also announced that it is offering Google maps in augmented reality. This development by Google is expected to increase the demand for OLED microdisplays from the automotive industry. COVID–19 Impact on the Global OLED Microdisplay Market The ongoing COVID–19 pandemic has significantly hampered the progress of the microdisplay market worldwide. The lockdown was imposed in many countries to curb the spread of the coronavirus, and the virus has caused huge disruptions in the global supply chain of the parts and components used in microdisplay systems. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. As the only US manufacturer of OLED microdisplays, eMagin Corporation was deemed an important business by the US government and has continued to produce and ship products during the COVID–19 pandemic. The company has also implemented additional employee health and safety measures per the Centers for Disease Control and Prevention (CDC) guidelines. It continues to supply products on a timely basis to its customers and maintain a healthy supply chain. Global OLED Microdisplay Market Dynamics Drivers: Increasing Number of Near–to–eye (NTE) Applications Due to power, contrast, size, and color–space advantages, NTE applications represent the largest opportunity for OLED microdisplays. This relates to electronic viewfinders (EVF) and personal viewers (PV). Currently, there are three major markets for near–eye OLED micro–displays. The consumer market encompasses video and VR glasses and EV, industrial covers AR smart glasses for logistics, defense market targets AR helmets for pilots. Smart–Glasses (i.e., NTE displays) have evolved as the major devices for wearable AR, which holds major potential in the market. Tiny microdisplays are the key component of smart glasses, e.g., creating images from OLED that have become popular in mobile phone displays. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. All microdisplay technologies in the market combine an image–creating pixel modulation. Still, only the emissive ones (for instance, LED and OLED) feature the image and light source in a single device and thus do not need an external light source. This minimizes system size and power consumption while offering exceptional contrast and color space. These advantages make OLED microdisplays the perfect fit for near–eye applications. Challenges: Protection of OLED Layers against Oxygen and Water Vapor The low work function metallic cathodes and organic materials consisting of OLEDs are highly sensitive to atmospheric moisture and oxygen. Water and oxygen penetrate through plastic substrates to form dark spots and edge shrinkages in OLEDs by oxidizing the as–deposited electrodes or corroding the functional organic layers, resulting in devices degradation and light output reduction. Such limitations are challenging the market growth. To overcome such limitations, various organizations are innovating the encapsulation process of OLED displays. For instance, Phoseon Technology uses a traditional covering method and permanently bonds on the glass substrate to protect the active OLED layers. This is realized by dispensing an epoxy on the edge of the glass and using a UV LED lamp to cure the epoxy and edge–seal the two glass surfaces. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. Make an Enquire before Purchase @: https://www.marketstatsville.com/buy-now/oled- microdisplay-market?opt=2950 Scope of the Report The study categorizes the OLED microdisplay market based on type and end–use at the regional and global levels. By Type Outlook (Revenue, USD Million, 2017–2027) •Near–to–eye •Projections By End–Use Outlook (Revenue, USD Million, 2017–2027) •Automotive •Healthcare •Industrial •Consumer Electronics •Military •Law Enforcement © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. By Region Outlook (Revenue, USD Million, 2017–2027) •North America (US, Canada, Mexico) •South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America) •Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) •Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific) •The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) The near–to–eye segment is projected to account for the largest market share by type Request for Complete TOC and Figures & Graphs @ https://www.marketstatsville.com/table-of-content/oled-microdisplay-market Based on type, the global OLED microdisplay market is divided into near–to–eye and projections. In 2020, the near–to–eye segment accounted for the largest market share of 80.5% in the global OLED microdisplay market. Near–to–eye (NTE) projection is the most common method for head–mounted displays (HMD), sometimes known as “Smart Glasses,” which have gotten a lot of interest in recent years. Organic light–emitting diodes (OLEDs)-based microdisplays have good optical performance with outstanding contrast ratio and broad dynamic range at low power consumption, making them ideal for this application. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Further, OLED–on–Silicon technology has become vital to emissive microdisplays in near–to– eye displays, e.g., upcoming smart glasses. Organized as a 1280 x 1024 array built on a CMOS silicon substrate with a 0.774” diagonal display measurement, the OL12C10M is said to be the world’s first commercial OLED–on–silicon microdisplay. With a green (535 nm) emissive color, the microdisplay is targeted in consumer, industrial, and military applications where low power and high resolution in a compact form factor are needed. Asia Pacific accounts for the highest CAGR during the forecast period Based on the regions, the global OLED microdisplay market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 27.9% in the global OLED microdisplay market during the forecast period. Asia–Pacific is expected to become the fastest–growing market globally during the forecast period. The largest single–country markets in the region are expected to be China, South Korea, and Japan. The growth is being augmented by the presence of the world’s most well–developed electronics manufacturing ecosystem. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. Further, despite the fast development of the OLED microdisplays in the last decade, the drawbacks in full–color rendering, brightness, and cost–effectiveness still need to be addressed. A low–driving–voltage and efficient Top–Emitting Organic Light– Emitting Device (TEOLED) with electrically doped transporting layers was developed and integrated with the complementary metal–oxide –semiconductor (CMOS) backplane. The Aluminium contact fabricated in the CMOS foundry was employed to fabricate the TEOLEDs, which provided the most precise model for constructing the equivalent circuit for microdisplays. Key Market Players The OLED microdisplay market is mildly concentrated in nature with few numbers global players operating in the market such as MicroOLED SA, Yunnan Olightek Optoelectronic Technology Co. Ltd., Winstar Display Co. Ltd., eMagin Inc., Kopin Corp., WiseChip Semiconductor Inc., Seiko Epson Corp., Fraunhofer FEP, Sony Semiconductor Solutions Corp., and Sunlike Display Technology Corp. Every company follows its business strategy to attain the maximum market share. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. Request For Report Description @ https://www.marketstatsville.com/oled-microdisplay- market Recent Developments •In August 2020, Kopin Corporation announced its latest Lightning 720p OLED display (1280 x 720 resolution) on silicon had exhibited a very high brightness of 7000 nits (candela per square meter) with good color (nearly 100% sRGB) and high contrast (> 4,000: 1). This display combines a duo–stack OLED structure to achieve high brightness and Kopin’s ColorMax technology for high color fidelity. •In February 2019, Fraunhofer FEP designed a joint demonstrator that stacks one OLED microdisplay onto the top edge of the Pin Mirror (PinMR) lens from LetinAR, a Korean startup. This is expected to enable AR eyewear of the future by implementing the “Pinhole Effect” with tiny mirrors embedded in the optical glass. •In June 2019, Sony Corporation announced the release of two new models of CMOS image sensors: the IMX415 type 1/2.8 4K–resolution stacked CMOS image sensor, which is the smallest of its kind in the world, and the IMX485 type 1/1.2 4K–resolution back–illuminated CMOS image sensor, which delivers outstanding low–light performance, approximately 3. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

14. Thank You Thank You Market Market Statsville StatsvilleGroup (MSG) Group (MSG) F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 Phone : +91 702 496 8807 Mail : sales@marketstatsville.com 416, East Standsberry Street, Perkins, Oklahoma 74059, US Phone : +1 580 250 2707 Mail : sales@marketstatsville.com