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3. OLED-on-Silicon (OLEDoS) Companies - Sony Semiconductor Solutions (Japan) and Seiko Epson Corporation (Japan)are the Key Players

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% during the forecast period.

Growing adoption of OLEDoS in/VR devices, increasing demand for high resolution microdisplays, thriving portable electronics industry, and Increasing investment in the OLEDoS ecosystem are some of the major factors driving the market growth. Moreover, growing consumer electronics industry, advancement in OLED material technology, and expanding applications across various industries to provide ample opportunities to drive the market growth. OLEDoS delivers excellent contrast, brightness, and wide viewing angles, making it suitable for devices such as AR and VR HMDs, medical instruments, and electronic viewfinders.

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Major OLED-on-Silicon (OLEDoS) companies 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).

The major players in the OLEDoS market with a significant global presence include Sony Semiconductor Solutions Corporation (Japan), Seiko Epson Corporation (Japan), BOE Technology Group Co., Ltd., (China), SeeYA Technology (China), and eMagin (US). These players have adopted various organic and inorganic growth strategies such as collaborations, acquisitions, service launches and developments, partnerships, and joint ventures to expand their global presence and increase their share in the OLED-on-Silicon (OLEDoS) market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing OLEDoS displays.

Sony Semiconductor Solutions Corporation participates in organic growth strategies that involve product launches and inorganic growth strategies that consist of acquisitions, collaborations, as well as partnerships. For example, Sony announced a large-size, high-definition 1.3-type 4K OLED microdisplay to enhance the experiential value of VR and AR head-mounted displays. This next-generation OLED microdisplay reaches 4K resolution with a large-size 1.3-type display, based on miniaturization processes created for camera electronic viewfinders and its own pixel drive circuits. Sony is developing advanced displays that offer superior image quality for the OLEDOS market. Additionally, Sony secured an order to supply OLED-on-Silicon displays to Apple for its Vision Pro HMD, further demonstrating its organic growth strategy. These strategic decisions highlight Sony's dedication to innovation and its pursuit of a competitive edge in the OLED-on-Silicon market.

Seiko Epson Corporation employs both organic and inorganic growth strategies to strengthen its position in the OLEDOS market. Seiko Epson Corporation employs both organic and inorganic growth strategies to strengthen its position in the OLEDOS market.  One of the major example of its organic growth is the development of Si-OLED display modules, which enhance high-definition AR experiences in the Moverio series smart glasses. These are 0.45-inch, high-definition silicon organic light-emitting diode displays slated for use in a micro-projection system incorporating Epson's advanced projector technology, realizing new ways of visual communication. On the inorganic growth front, Epson America, Inc. has partnered with 3D HoloGroup, a US-based AR software and systems integration company, to resell AR glasses assembled by Epson. This helps in adding to the distribution and integration capabilities of Epson and, thus, an increase in the footprint into the AR market. These strategic steps have indicated that Epson continues to enhance its OLED success, leading it to obtain even bigger market presence and more capabilities in the OLEDOS display market.

BOE focuses on both organic and inorganic growth strategies to enhance its position in the OLED-on-Silicon market. For example, in May 2023, BOE disclosed a new 1.3-inch advanced 4K Micro OLED VR display with a resolution higher than 4000 PPI to help users be more immersed while gaming or simply watching different content. This product has gained significant attention in the metaverse landscape by showing off its BOE leading edge technology. The company recently boosts the focus on organic growth strategies, which speaks for itself in building more confidence in the further development of OLEDoS display technology. This focus on product innovation makes it transparent that BOE will continue to be competitive and meet the changing needs of the AR/VR market.

eMagin focuses on both organic and inorganic growth strategies to enhance its position in the OLEDoS market. For example, in May 2023, eMagin announced a new version of its WUXGA microdisplay, running at 1920 x 1200 pixels with full-color brightness of 15,000 cd/m², using its dED technology. That represented a significant jump from the 10,000 cd/m² the company hit in 2021. However, eMagin also focuses on inorganic growth through collaborations and partnerships, for example, in December 2022, eMagin partnered with Collins Aerospace, winning an order of almost USD 1.7 million for its high-brightness OLEDoS microdisplays to be used in the F-35 Helmet Mounted Display System. These strategic moves establishes eMagin as one of the leading player in the OLEDoS market.

Seeya Technology focuses on both organic growth strategies via product launches and inorganic growth strategies through collaborations and partnerships in order to strengthen its position even more in the OLEDoS market. In terms of size, the company has launched OLEDOS displays of various size, including 0.32", 0.4", 0.49", 0.72", 0.57", 0.62", 0.83", and 1.03", which would provide enormous flexibility across a wide variety of applications. Further, in June 2022, SeeYA Technology partnered with Qualcomm Technology to supply a 0.49-inch OLEDOS display designed by Qualcomm for its newly released reference design for wireless AR smart glasses. The design uses a Snapdragon XR2 platform, making that a significant milestone for moving XR forward as the next generation computing platform. These strategic choices, underlines SeeYA Technology’s commitment towards offering more advanced OLEDoS displays to its customers for various applications.

Related Reports:

OLED-on-Silicon (OLEDoS) Market 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

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