OLED-on-Silicon (OLEDoS) Market Size, Share & Industry Growth Analysis Report by Product Type (Near-eye Display, Head-up Display), Display Size (More Than 1”, Less Than 1”), Vertical (Consumer, Aerospace & Defense, Commercial & Industrial) and Region - Global Forecast to 2029
Updated on : September 18, 2024
OLED-on-Silicon Market Size & Growth
[211 Pages Report] The OLED-on-Silicon (OLEDoS) market size is projected to reach USD 2,352 million by 2029 from USD 534 million in 2024 at a CAGR of 34.5% during the forecast period. Growing adoption of OLEDoS in AR/VR devices, increasing demand for high resolution microdisplays, and increasing investment in the OLEDoS ecosystem are some of the major factors driving the market growth globally. Moreover, opportunities such as growing consumer electronics industry, advancement in OLED material technology, expanding applications across various industries to drive the growth of OLED-on-Silicon (OLEDoS) market. Consumer electronics such as smart glasses, AR/VR HMDs are undergoing significant adoption, hence creating huge new revenue streams for OLEDoS displays. These high pixel density and low power consumption make them ideal for immersive experiences and real-time information display in wearables.
OLED-on-Silicon (OLEDoS) Market Forecast to 2029
To know about the assumptions considered for the study, Request for Free Sample Report
OLED-on-Silicon Market Trends:
Impact of AI/Gen AI on OLED-on-Silicon market
Artificial intelligence (AI) is expected to significantly transform the OLEDoS display ecosystem. The integration of AI with displays and related software offers a wide range of capabilities ranging from the enhancement of videos and images in real-time to facilitating personalized content being displayed in commercial and retail settings. Furthermore, the integration of AI also facilitates the enhancement of smart display features, integration of displays with other smart home devices such as intelligent voice assistants, and development of advanced features tailor-made for augmented and virtual reality (AR and VR) solutions and wearable devices. Furthermore, in the industrial setting, the integration of AI enables predictive maintenance of display hardware, thereby significantly reducing downtime and maintenance costs.
OLED-on-Silicon (OLEDoS) Market Dynamics
Driver: Growing adoption of OLEDoS in AR/VR displays
The AR and VR markets are expanding rapidly, with increasing interest from both consumers and businesses. OLED-on-Silicon displays are becoming increasingly popular for augmented reality/virtual reality HMDs since they have high pixel density, low power consumption, and compact size, enhancing comfort and efficiency. Some notable improvements include Qualcomm's 2020 reference design, which is powered by a 0.49-inch OLEDoS display from SeeYa Technology. Another is LG Display's "Firefly Project," which manages to pack an astonishing 4,175 pixels per inch. On top of this growing integration, Apple also mentioned in 2022 that the XR Headset would use Sony's OLEDoS displays. This gowing adoption of OLEDoS displays signifies the need for micro-sized, high-quality displays. The growth of these displays will increase as AR and VR start to move into areas like education and healthcare. OLEDoS technology positions itself in a very strong position for exponential market growth.
Restraint: High initial capital investment
High producing costs are a major restraint to the OLED-on-Silicon market; it involves complex techniques that integrate OLED materials with silicon backplanes. Specialized equipment and cleanroom environments are required in the process. The yield rates for OLEDoS are lower compared to traditional displays such as LCD and LCoS since defects in the layers render displays useless. Stringent quality control adds to the expense.
Technical challenges also raise the costs. A high pixel density and control over pixels demand very sophisticated fabrication methods. The processes of depositing OLED materials onto the silicon substrate are critical, calling for some consistency in laying down. Moreover, advanced encapsulation techniques are required to protect the OLEDs from moisture and oxygen. These make OLEDoS displays quite expensive and therefore unexploited in price-sensitive markets, despite their superior features.
Opportunity: Expanding applications across various industries
OLED-on-Silicon (OLEDoS) displays have a strong history in specialized sectors such as defense and aerospace, where the values of its high resolution and superior contrast ratio were first realized. Adopted first in electronic viewfinders and military optics, this technology was developed by Sony and MICROOLED. In 2009, Sony began working on OLED microdisplays, and by 2011 they were used in camera viewfinders, paving the way for further applications.
More recently, significant events in consumer electronics, especially in AR and VR devices, are happening with OLEDoS technology. For example, Apple Integrates OLEDoS displays in new XR devices, trying to create high pixel density within the compact form. This technology further finds applications in wearable tech, such as smart glasses. The joint work by MICROOLED with Julbo on the EVAD-1 digital sports glasses folds out OLEDoS's capability for showing real-time data to athletes. Other applications in connected safety glasses and medical imaging equipment further underline the growing role OLEDoS displays will play in industry.
Challenge: Complexities associated with next-generation batteries
Supply chain issues strongly affect the OLED-on-Silicon (OLEDoS) market. Production of OLEDoS displays requires a sophisticated supply chain that involves several high-precision components. Specialized materials and advanced manufacturing equipment go into the making of an OLEDOS display. Any kind of disturbance in this delicate supply chain, for instance, a shortage of some critical raw materials or delay of component deliveries, causes production bottlenecks, and consequently, it increases costs. As an example, geopolitical tensions and trade restrictions can hit the availability of key materials, and logistical problems can further enlarge the delays. These disruptions affect not only the timeliness of product launches but are also likely to increase the total cost of production, thereby impacting the ability of the market to scale efficiently.
OLED-on-Silicon (OLEDoS) Market Ecosystem
The major players in the OLED-on-Silicon (OLEDoS) companies with a significant global presence include Sony Semiconductor Solutions (Japan), Seiko Epson Corporation (Japan), eMagin (US), BOE Technology Group Co., Ltd. (China), SeeYA Technology (China). These companies not only boast a comprehensive product portfolio but also have a strong geographic footprint.
OLED-on-Silicon Market Segmentation
Consumer vertical to register highest CAGR during the forecast period.
It is expected that the consumer segment will be the fastest-growing in the OLED-on-Silicon market. This could be due to the increasing adoption of OLEDoS displays in consumer electronics, primarily in next-generation computing AR/VR headsets, smart glasses, and other wearable devices. Unique selling propositions of the OLEDoS technology in enhancing user experience. OLEDoS displays offer better image quality, higher pixel density, low power consumption, and compact form factor, which makes OLEDoS displays suitable for consumer vertical. It is predicted that the consumer electronics segment will majorly drive the market growth for OLEDoS displays with the ever-growing demand for more immersive and quality visuals.
Less than 1” OLEDoS display to account for the second largest share of OLED-on-Silicon (OLEDoS) market during the forecast period.
Less than 1" OLEDoS displays are expected to account for the second largest market share within the OLEDoS segment, driven by the increasing usage in electronic viewfinders, medical devices, thermal scopes, and AR smart glasses. The small displays have high pixel densities, leading to improved image quality and low power consumption, qualities the advanced applications require. It provides product demand for precision and reliable visual output for EVFs and medical devices while the popularity of its application in AR smart glasses and thermal scopes is on the rise, hence accelerating the adoption of less than 1" OLEDoS displays at a rapid pace.
OLED-on-Silicon Industry Regional Analysis
North America to account for the largest share during the forecast period.
North America is expected to account for the largest share of the OLED-on-Silicon (OLEDoS) industry due to the presence of established AR/HMD manufacturers like Apple and Meta. These players are spending significantly in procurement for OLEDoS displays in order to bring enhanced image quality to HMD devices. In addition, the region benefits from leading OLEDoS display providers such as eMagin and Kopin Corporation, which are US-based but have huge operations and partnerships in Asia. Therefore, a potent combination of robust local demand from top AR/HMD manufacturers and availability of advanced OLEDoS display providers supports rapid market growth in the Asia Pacific region.
OLED-on-Silicon (OLEDoS) Market by Region
To know about the assumptions considered for the study, download the pdf brochure
Top OLED-on-Silicon Companies - Key Market Players
The major players in the OLED-on-Silicon (OLEDoS) companies with a significant global presence include
- Sony Semiconductor Solutions Corporation (Japan),
- Seiko Epson Corporation (Japan),
- eMagin (US),
- BOE Technology Group Co., Ltd. (China),
- SeeYA Technology (China)
These players have adopted various organic and inorganic growth strategies such as service launches and developments, partnerships, collaborations, acquisitions, and joint ventures to strengthen their position in the OLED-on-Silicon (OLEDoS) market.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Estimated Market Size |
USD 534 million |
|
Expected Market Size |
USD 2,352 million |
|
Growth Rate |
CAGR of 34.5% |
|
Market size available for years |
2020–2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By Product Type, Display Size, Vertical, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, and Rest of World |
|
Companies covered |
The key players in the OLED-on-Silicon (OLEDoS) market with a significant global presence include Sony Semiconductor Solutions (Japan), Seiko Epson Corporation (Japan), eMagin (US), BOE Technology Group Co., Ltd. (China), SeeYA Technology (China), Kopin Corporation (US), LG Display Co. Ltd. (South Korea), MICROOLED (France), Lakeside optoelectronics technology (jiangsu) Co., Ltd. (China), Semiconductor Integrated Display Technology Co., Ltd. (China). |
OLED-on-Silicon (OLEDoS) Market Highlights
The study segments the OLED-on-Silicon (OLEDoS) market based on product type, display size, vertical, and market type at the regional and global level.
|
Segment |
Subsegment |
|
By Product Type |
|
|
By Display Size |
|
|
By Vertical |
|
|
By Region |
|
Recent Developments
- In August 2023, Sony Semiconductor Solutions has announced a high-definition 1.3” 4K OLED microdisplay targeting enhancement of the experiential value for VR and AR head-mounted display devices. This new OLED microdisplay realizes 4K resolution with a large-size 1.3” display, by adopting miniaturization processes.
- In May 2023, BOE rolled out innovative display for AR/VR products, gaining eyeballs across the metaverse landscape. Its new 1.3” 4K4K Micro OLED VR Display provides users with vivid and highly immersive gaming and viewing experiences at a resolution of over 4000.
- In May 2023, eMagin launched more advanced version of its WUXGA microdisplay with a resolution of 1920x1200 pixels, brightness of 15,000 cd/m² in full color. Applications of this new high-brightness, high-contrast, high-resolution OLED-on-Silicon micro display include consumer, industrial, medical, and military.
- In June 2023, Kopin Corporation has launched the world's first ultra-high brightness (>35 000 nits), HDR green Organic Light Emitting Diode (OLED) microdisplay. This innovation HDR 1” diagonal SXGA 1280 x 1024 resolution OLED microdisplay is a breakthrough display technology designed to power the latest AR applications.
Frequently Asked Questions (FAQs):
What is the current size of the global OLED-on-Silicon (OLEDoS) market?
The OLED-on-Silicon (OLEDoS) market is projected to reach USD 2,352 million by 2029 from USD 534 million in 2024 at a CAGR of 34.5% from 2024 to 2029.
Who are the winners in the global OLED-on-Silicon (OLEDoS) market share?
Companies such as Sony Semiconductor Solutions (Japan), Seiko Epson Corporation (Japan), eMagin (US), BOE Technology Group Co., Ltd. (China), SeeYA Technology (China).
Which region is expected to hold the largest market share?
It is expected that North America will hold the largest share of the OLED-on-Silicon market due to the presence of established AR/HMD manufacturers like Apple and Meta investing heavily in procuring OLEDoS displays to enhance image quality in their head-mounted displays. Moreover, robust research and development activities and heavy investments in advanced display technologies foster market growth in North America.
What are the major drivers and opportunities related to OLED-on-Silicon (OLEDoS) market?
Growing adoption of OLEDoS in AR/VR devices, increasing demand for high resolution microdisplays, and Increasing investment in the OLEDoS ecosystem are some of the major factors contributing to the market growth.
What are the major strategies adopted by market players?
The key players have adopted service launches, collaborations, acquisitions, and partnerships to strengthen their position in the OLED-on-Silicon (OLEDoS) market.
What is the impact of Gen AI/AI on OLED-on-Silicon (OLEDoS) marekt on a scale of 1-10 (1 - least impacted, 10 - most impactful) ?
The Impact are as follows:
- Content Creation
- Image Processing and Quality
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
The research study involved 4 major activities in estimating the size of the OLED-on-Silicon (OLEDoS) market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In secondary research, various secondary sources have been referred to for obtaining the information that was needed for the study. Various secondary sources that were used for the research include, corporate filings such as annual reports, press releases, investor presentations, and financial statements, trade, business, and professional associations, whitepapers, journals, certified publications, and articles from recognized authors and databases.
In the OLED-on-Silicon (OLEDoS) market report, the top-down as well as the bottom-up approaches have been used for the estimation of the global market size, along with several other dependent submarkets. The major players in the market were identified with the help of extensive secondary research and their presence in the market was determined using secondary and primary research. All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Primary Research
Extensive primary research has been conducted after understanding the OLED-on-Silicon (OLEDoS) market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions— North America, Europe, Asia Pacific, and the Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.
After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the market engineering process, both top-down and bottom-up approaches along with data triangulation methods have been used to estimate and validate the size of the OLED-on-Silicon (OLEDoS) market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:
- Identifying top-line investments and spending in the ecosystem and considering segment-level splits and major market developments
- Identifying different stakeholders in the OLED-on-Silicon (OLEDoS) market that influence the entire market, along with participants across the supply chain
- Analyzing major manufacturers of OLEDoS displays and studying their product portfolios
- Analyzing trends related to the adoption of OLEDoS display
- Tracking recent and upcoming market developments, including investments, R&D activities, product launches, collaborations, mergers and acquisitions, and partnerships, as well as forecasting the market size based on these developments and other critical parameters
- Carrying out multiple discussions with key opinion leaders to identify the adoption trends of OLEDoS display in different applications
- Segmenting the overall market into various other market segments
- Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets
Market Size Estimation Methodology-Bottom-up Approach
Market Size Estimation Methodology-Top-Down Approach
Data Triangulation
After arriving at the overall market size through the market size estimation process explained in the earlier section, the overall OLED-on-Silicon (OLEDoS) market has been divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply side perspectives. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.
Market Definition
The OLED-on-Silicon (OLEDoS) market focuses on designing and manufacturing microdisplays that combines OLED technology with silicon substrate. This combination takes advantage of OLEDs' high contrast ratios, wide color range, and quick response times, combined with the precision and scalability of silicon manufacturing. The key applications are AR/VR headsets, HUDs for automotive and aerospace, medical devices such as surgical headsets, military devices such as night vision goggles, and consumer electronics such as high-resolution camera viewfinders. Some of the key factors driving this market include technological advancements, increased demand for pocket-sized high-resolution display devices, and ever-growing applications across industries.
Driving the growth of the OLEDoS market is the significant investment in the ecosystem, covering various stages from raw material suppliers to end users. Raw material suppliers supply OLED chemicals and silicon wafers, two vital components used in making OLEDoS displays. Display manufacturers come up with innovations in products and scale them up to meet increasing demand. These microdisplays are then integrated into their products by the end users, who are spread across multiple industries, to bring an added dimension to performance and user experience. This ensures the market's growth and evolution, as cohesion in supply chain management acts as a driver for continuous technological development in this market, making OLEDoS a fundamental technology in the display industry.
Key Stakeholders
- Raw Material Suppliers
- Equipment Manufacturers
- OLEDoS Display Manufacturers
- Component Manufacturers
- End Users
- Research and Development Organizations
- Government and Regulatory Bodies
- Investors and Financial Institutions
- Supply Chain and Logistics Providers
- Technology Integrators and System Developers
The main objectives of this study are as follows:
- To define, describe, and forecast the OLED-on-Silicon (OLEDoS) market by product type, display size, vertical, service type, and region, in terms of value
- To describe and forecast the market size for various segments with respect to four main regions: North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
- To define, describe, and forecast the OLED-on-Silicon (OLEDoS) market, in terms of volume, on the basis of display size.
- To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the OLED-on-Silicon (OLEDoS) market
- To study the complete supply chain and related industry segments for the OLED-on-Silicon (OLEDoS) market
- To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To provide ecosystem analysis, trade analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s five forces analysis, key stakeholders and buying criteria, key conferences and events, regulatory bodies, government agencies, and regulations pertaining to the market under study
- To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments such as service launches, collaborations, mergers and acquisitions, agreements, partnerships, and expansion activities carried out by players in the OLED-on-Silicon (OLEDoS) market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
- Country-wise breakdown for North America, Europe, Asia Pacific, and Rest of the World
Company Information:
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in OLED-on-Silicon (OLEDoS) Market