OLED-on-Silicon (OLEDoS) Market: Current Analysis and Forecast (2024-2032)

The OLED-on-Silicon or OLEDoS market describes the section of the display industry that is dedicated to the use of OLED technology whereby the OLED emitters are built on silicon substrates to obtain smaller displays with higher pixel density. This market is thus driven by the growth in demand in areas such as consumer electronics especially in wearable devices, VR, and AR applications. These applications particularly get a lot of benefits from the qualitative and contrast images, energy efficient images offered by OLED technology. Other factors include improvement in microdisplay technologies which is another key factor since it's used in near-eye applications. Thus, advanced technologies are now being used for military, medical as well as automotive applications hence broadening the market category.

The OLED-on-Silicon Market is expected to grow at a robust CAGR of 31.4% during the forecast period, 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 market is an industry that has high levels of investment and has strategies taking place that determine the future of this market. A pivotal development occurred when eMagin Corporation (NYSE American: EMAN emerged as a prominent U.S.-based entity that specializes in the innovation of Active-Matrix OLED microdisplays and recently got bought by the Samsung Display Co, Ltd., a subsidiary of Samsung Electronics Co, Ltd. It is indicative of advanced applications of OLED technology and it also signifies the integration of competencies and capabilities between a pioneer OLED microdisplays and one of the leading display manufacturing companies in the world. Besides strengthening the company's competencies in this specialized segment, it also shifts the competitive landscape to a greater extent and may contribute to increased advances in technology and products in this sphere.

In the future, there is expected to be significant development in OLED-on-Silicon markets of the Asia-Pacific region specifically in Japan and China since there are existing manufacturing facilities and the government is supporting advancement technology in the display industry. For instance, different government-sponsored projects in Japan have been running programs to foster research and development of OLED since 2023 with the intent of dominating the world market. These trends are supported by similar activities in Europe and North America, where governments have started to realize the strategic role of high-performance displays to sustain competitive advantages in global technology markets.

Based on Product Type, the OLED-on-Silicon market is segmented into Near-eye Display and Head-up Display. The Near-eye Displays segment acquired a majority share in the OLED-on-Silicon market and is expected to showcase a substantial growth rate during the forecast period. It is the AR and VR application that is considered a major force behind the Near-eye Displays (NEDs) segment in the OLED-on-Silicon (OLEDoS) market. These technologies require high-resolution and small-size displays for achieving the best possible viewing experiences which makes NEDs essential for this technology. With the continued expansion of the use of Virtual Reality and Augmented Reality in gaming, training simulation, medical applications, and remote tele collaboration there is ever increasing requirement for high-resolution NEDs.

Based on Application, the OLED-on-Silicon market is divided into Consumer, Aerospace & Defense, Commercial & Industrial, and Others. The Consumer segment is expected to showcase a substantial growth rate during the forecast period. The key stimulant to the growth of the Consumer segment in the OLED-on-Silicon (OLEDoS) market is the consumer need for detailed visual representations in portable and wearable devices. This is to cater to the modern complex devices in augmented reality (AR) and virtual reality (VR) that demand high-resolution and compact displays for visual use. Higher-end mobile devices such as smartphones, smartwatches, and other wearable devices that incorporate state-of-the-art display technologies drive this growth and thus OLED-on-Silicon is a critical technology enabler for achieving superior image quality in such small form factor products.

Based on Display Size, the OLED-on-Silicon market is divided into less than 1-inch and More than 1-inch segments. The less than 1-inch segment is expected to grow substantially during the forecast period. The main driver of the 'less than 1 inch' in OLED on Silicon (OLEDoS) market is due to the increasing microdisplay requirements for high-resolution AR/VR applications. These technologies necessitate high-resolution, high CEA, high-contrast, and high-accuracy small OLED-on-Silicon displays to provide superior visual-overall performance, contrast, and color fidelity; these requirements make the sub-1-inch OLED-on-Silicon displays ideal. This demand is especially felt in the wearable electronics area and near-eye displays where size is extremely limited and power must be maximized.

For a better understanding of the market adoption of the OLED-on-Silicon industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S.A., Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Rest of World. This work identifies the need for a pioneering study on the OLED-on-Silicon (OLEDoS) industry, particularly focusing on the Asia-Pacific (APAC) region, which is experiencing tremendous growth and techno-scientific innovation. This area has some of the major electronics manufacturing countries including South Korea, Japan, China, and Taiwan which are actively involved in OLED development. The increased representation of manufacturers of consumer electronics in these countries induces significant demand for OLED-on-Silicon microdisplays, particularly in smartphones, wearable technologies, and virtual reality gadgets. At the economic level, the APAC boasts of having governments that are helpful to the growth of the technology industry, and the region experiences steady investment in research development of technology and an environment that is conducive to the adoption of technology. These factors taken altogether create an ideal environment for the development of new technologies like for example OLED-on-Silicon. Besides, high-tech customers' products are in higher demand due to growing economies in the region, increasing the middle-class population, and an increased level of disposable income which continues to drive the market forward. Furthermore, the APAC region is aware of the cooperation between academia and the industry for the enhancement of OLED technology innovation. Apart from China's "Made in China 2025," Japan's strategic emphasis on robotics and sensor technology, and South Korea's investment in display technologies also show the interest of the region in gaining an advantage in the high-tech business. This also makes APAC a buyer's market for OLED-on-Silicon products in addition to being a hotbed for development and technological advancement of the products.

Some of the major players operating in the market include 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.