Market Share of Microdisplay Industry
The microdisplay market is very competitive and highly concentrated due to various large and small players. All the major players account for a significant market share and focus on expanding the global consumer base. Some significant players in the market are OLEDWorks, eLux Inc., Mojo Vision Inc., Kopin Corporation, and eMagin. Several companies are increasing their market share by forming collaborations, partnerships, and acquisitions and introducing new and innovative products to earn a competitive edge during the forecast period.
- March 2024: OLEDWorks LLC, located in Rochester, was granted an OTA (Other Transactional Agreement) worth approximately USD 8.6 million by the US government. The US Army supervises the development and enhancement of advanced OLED microdisplays for consumer and defense uses. These microdisplays are intended for head-mounted display use in the Augmented and Virtual Reality sectors.
- January 2024: Kopin Corporation and Micledi Microdisplays collaborated to create advanced microLED displays for next-generation vision solutions. The collaboration aims to design, develop, and manufacture microLED displays with a more immersive and information-rich AR experience suitable for high-brightness light conditions. MICLEDI's microLED technology, when paired with Kopin's advanced backplane design expertise, seeks to develop microLED displays that cater to the challenging requirements of new applications while addressing the limitations of existing technologies.
Microdisplay Market Leaders
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OLEDWorks
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eLux, Inc.
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Mojo Vision Inc.
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Kopin Corporation
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eMagin
*Disclaimer: Major Players sorted in no particular order
