SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "OLED Microdisplays - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 442
Companies: 48 - Players covered include eMagin Corporation; Kopin Corporation; Microoled; Raystar Optronics, Inc.; Sony Semiconductor Solution Corporation; WINSTAR Display Co., Ltd.; Wisechip Semiconductor Inc.; Yunnan Olightek Opto-Electronic Technology Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Automotive, Consumer Electronics (Camera EVFs), Industry, Medical, Military & Defense, Other End-Uses); Segment (Near-to-Eye (NTE), Projection, Other Segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global OLED Microdisplays Market to Reach $130.4 Million by 2026
Amid the COVID-19 crisis, the global market for OLED Microdisplays estimated at US$46 Million in the year 2020, is projected to reach a revised size of US$130.4 Million by 2026, growing at a CAGR of 18.8% over the analysis period. Near-to-Eye (NTE), one of the segments analyzed in the report, is projected to record a 17.5% CAGR and reach US$67 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Projection segment is readjusted to a revised 21% CAGR for the next 7-year period.
The U.S. Market is Estimated at $16.5 Million in 2021, While China is Forecast to Reach $22.8 Million by 2026
The OLED Microdisplays market in the U.S. is estimated at US$16.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.8 Million by the year 2026 trailing a CAGR of 18.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 16.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.9% CAGR. More
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SOURCE Global Industry Analysts, Inc.