Emphasis on Product Type (Near-eye Display and Head-up Display); Application (Consumer, Aerospace & Defense, Commercial & Industrial, and Others); Display Size (less than 1 Inch and More than 1 Inch); Region/Country.
The OLED-on-Silicon market was valued at USD 434.2 Million in 2023 and is expected to grow at a robust CAGR of around 31.4% during the forecast period (2024-2032) owing to the escalating demand for advanced, high-resolution microdisplays in AR/VR technologies, wearable devices, and other compact electronic products.
The OLED-on-Silicon (OLEDoS) market encompasses a specialized segment of the display industry, focusing on the integration of OLED technology with silicon substrates to create compact, high-resolution displays. This market is driven by increasing demand in sectors such as consumer electronics, particularly for applications in wearable devices, virtual reality (VR), and augmented reality (AR). These applications benefit immensely from the superior image quality, contrast, and energy efficiency provided by OLED technology. Another significant driver is the continuous advancement in microdisplay technologies, which are crucial for near-eye applications. As these technologies evolve, they are increasingly being adopted for military, medical, and automotive uses, further expanding the market’s reach.
The OLED-on-Silicon market is characterized by significant investment and strategic maneuvers that are shaping the industry’s landscape. A pivotal development occurred when eMagin Corporation (NYSE American: EMAN), a prominent U.S.-based entity renowned for its innovation in the design and manufacture of Active-Matrix OLED microdisplays, was acquired by Samsung Display Co., Ltd., a subsidiary of Samsung Electronics Co., Ltd. This acquisition, completed recently, marks a strategic expansion for Samsung Display into high-resolution, AR/VR, and other near-eye imaging products. The move is indicative of the growing importance of OLED technology in advanced applications and represents a consolidation of expertise and resources between a leading innovator in OLED microdisplays and one of the world’s foremost display manufacturers. This development not only enhances Samsung Display’s capabilities in this niche market but also significantly alters the competitive dynamics, potentially accelerating technological advancements and product innovations within the sector.
Looking forward, the fastest-growing regions for the OLED-on-Silicon market include Asia-Pacific, notably Japan and China, where there is a robust manufacturing base and an increasing number of government initiatives aimed at supporting technological advancements in the display industry. For example, various government-funded programs in Japan have been promoting research and development in OLED technologies since 2023, aiming to secure a leading position in the global market. These efforts are complemented by similar initiatives in Europe and North America, where governments are increasingly recognizing the strategic importance of advanced display technologies in maintaining competitive advantages in global technology markets.
This section discusses the key market trends that are influencing the various segments of the OLED-on-Silicon as identified by our team of research experts.
Government Policies Supporting the OLED-on-Silicon Market Industry
Japan
Policy: The Japanese government has targeted electronics and semiconductor industries for growth, using strategies that include funding for technology innovation, protection of intellectual property, and supporting university-industry collaboration.
Impact: This support has helped maintain Japan’s competitive edge in various technologies, including OLED, where companies like Sony and Japan Display Inc. continue to innovate.
European Union
Policy: The EU’s Horizon 2020 program, succeeded by Horizon Europe, provides significant funding for research and innovation in new technologies, including electronics and materials science.
Impact: This policy has spurred numerous OLED-related projects, enhancing the region’s capabilities in advanced display technologies.
United States
Policy: The U.S. offers various federal and state-level tax incentives for research and development, aimed at promoting technological innovation across multiple sectors, including electronics and displays. Additionally, the U.S. Protecting American Intellectual Property Act aims to safeguard the technologies developed within its borders.
Impact: These policies help companies like eMagin and Apple to invest in and develop new OLED technologies, contributing to the growth of the domestic high-tech sector.
China
Policy: China’s “Made in China 2025” strategic plan specifically targets the semiconductor and display industries for upgrades and expansion, offering tax breaks, direct funding, and infrastructure support.
Impact: This comprehensive support has rapidly transformed China into a significant player in the global OLED market, with companies like BOE Technology advancing rapidly in OLED production.
These policies reflect a commitment to bolstering high-tech industries, which is crucial for the advancement and commercialization of OLED-on-Silicon technologies. Each program not only supports local industry but also contributes to the global OLED ecosystem by fostering competition and innovation.
APAC is Expected to Grow with Significant CAGR During Forecast Period
The Asia-Pacific (APAC) region is a pivotal market for the OLED-on-Silicon (OLEDoS) industry, marked by rapid growth and significant technological advancements. This region is home to several leading technology manufacturing hubs, such as South Korea, Japan, China, and Taiwan, which are at the forefront of OLED research and production. The high concentration of consumer electronics manufacturers in these countries drives substantial demand for OLED-on-Silicon microdisplays, especially in applications like smartphones, wearable devices, and virtual reality systems. Economically, APAC benefits from strong government support for technology sectors, robust investments in R&D, and policies favoring technological innovation.
These factors collectively foster a conducive environment for the growth of advanced technologies including OLED-on-Silicon. The region’s fast-growing economies, increasing middle-class population, and rising disposable incomes also contribute to a surge in demand for high-tech consumer products, further propelling the market forward. Moreover, the APAC region is witnessing an increase in collaborations between academia and industry, aimed at pushing the boundaries of OLED technology. Initiatives such as China’s “Made in China 2025,” Japan’s strategic focus on robotics and sensor technology, and South Korea’s investments in display technologies underscore the region’s commitment to securing a lead in the high-tech sector. This makes APAC not only a large market for OLED-on-Silicon products but also a center of innovation and development in the field.
The OLED-on-Silicon market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are BOE Technology Group Co. Ltd., Sony Semiconductor Solutions Corporation, LG Display, eMagin (Samsung Display), Seiko Epson Corporation, Kopin Corporation, MICROOLED Technologies, Lakeside Optoelectronics Technology (Jiangsu) Co., Ltd., SeeYA Technology Corporation, and INT Tech.
October 2023 – eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), a U.S.-based leader in the development, design, and manufacture of Active-Matrix OLED microdisplays for high-resolution, AR/VR and other near-eye imaging products, announced the completion of its acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products.
The global OLED-on-Silicon can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Oled-on-silicon Market Revenue (usd Mn), 2022-2032f
7. Market Insights By Product Type
8. Market Insights By Application
9. Market Insights By Display Size
10. Market Insights By Region
11. Value Chain Analysis
12. Competitive Landscape
13. Company Profiled
14. Acronyms & Assumption
15. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of global OLED-on-Silicon were the three major steps undertaken to create and explore the adoption of OLED-on-Silicon in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, numerous findings and assumptions were taken into consideration to validate these insights. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the global OLED-on-Silicon. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the OLED-on-Silicon through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of OLED-on-Silicon, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report such as Product Type, Application, and Display Size. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the OLED-on-Silicon. Further, we conducted factor analysis using dependent and independent variables such as Product Type, Application, and Display Size of the OLED-on-Silicon Market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the OLED-on-Silicon sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global OLED-on-Silicon, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the OLED-on-Silicon across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global OLED-on-Silicon in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global OLED-on-Silicon Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Product Type, Application, and Display Size in the global OLED-on-Silicon Market.
The current & future market trends of the global OLED-on-Silicon were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the OLED-on-Silicon market?
Q2: What are the driving factors for the growth of the OLED-on-Silicon market?
Q3: Which segment has the largest share in the OLED-on-Silicon market by Product Type?
Q4: What are the emerging technologies and trends in the OLED-on-Silicon market?
Q5: Which region will dominate in the OLED-on-Silicon market?
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