According to the UnivDatos Market Insights analysis, the escalating demand for advanced, high-resolution microdisplays in AR/VR technologies, wearable devices, and other compact electronic products is driving the OLED-on-Silicon market's growth in the global scenario of the OLED-on-Silicon market. As per their “OLED-on-Silicon Market” report, the global market was valued at USD 434.2 Million in 2023, growing at a CAGR of 31.4% during the forecast period from 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 and automotive applications hence broadening the market category​.

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, a different government-sponsored project in Japan has 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.

Demand for Advanced AR/VR Technologies

One of the major market drivers is the growing adoption of augmented reality and virtual reality where there is a requirement for high-definition, small displays. Due to these factors, applications to which OLED-on-Silicon is well suited are immersions because they require high color accuracy, contrast ratio, and deep blacks. These displays play a vital role in VR headsets and AR glasses since the quality of output is proportional to the impression shared by the wearer with the digital content. For example, in the virtual reality industry there is a higher usage of OLED displays with Oculus using them both in its Oculus Rift and Quest devices. These headsets make use of OLED since their response time is fast and have bright hues that provide good immersion and experience to the user.

Growth in Wearable Technology

Another reason that also boosts the OLED-on-Silicon market is the emergence of wearable technology. That is, due to the popularity of smartwatches, fitness trackers, and health monitoring devices, the market for displays with dimensions of no more than 30 inches and with high energy efficiency and high visibility is expanding rapidly. These requirements are fulfilled by OLED-on-Silicon which also appears to have distinctive external aesthetics by having thin/tall profiles and versatility on form factors and can be used in wearables. One such example is the Apple Watch Series which uses an OLED display to maintain a very functional gadget while at the same time making it look very sleek. The clarity the display offers while working with the device indoors and outdoors, including under sunlight, and the display’s power consumption is instrumental in the device's usability, and by extension, its appeal to consumers.

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Increasing Use in Medical and Automotive Applications

Thus, OLED-on-silicon implementation in the medical and automotive domain is a result of the requirement for highly accurate, efficient, and high-performance displays. Regarding some medical applications, OLED microdisplays are essential in enhanced image devices such as endoscopes, enabling surgeons to obtain clear visions to enhance accuracy in performing complex surgical operations. The automotive industry is equally benefited similarly, especially in the ADAS where HUDs are used in projecting necessary navigation and other vehicle status information on the windshield. Manufacturers such as BWM and Audi for instance are deploying OLED in HUD systems to offer better contrast with vivid colors in the safety and comfort of the car. It also helps in improving operational efficiency alongside helping them achieve the luxurious feel of their cars.

Conclusion

Therefore, the market for OLED-on-Silicon (OLEDoS) is steadily advancing at a slow and constant rate as the requirements in diverse industries are continually. Key factors include the surge in advanced AR/VR technologies, which rely on high-resolution, immersive displays; the rapid expansion of the wearable technology sector, which necessitates compact, energy-efficient displays; and the growing applications in the medical and automotive fields, where precision and reliability are paramount. These sectors leverage the unique advantages of OLED-on-Silicon technology, such as superior image quality and flexible design, to enhance user experiences and operational efficiency. As such, OLED-on-Silicon stands at the forefront of the next wave of technological advancements, with its influence expected to expand as new applications and innovations continue to emerge. This convergence of technology and market demand positions OLED-on-Silicon as a critical component in the evolution of digital display technology, promising exciting developments for the future.

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