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OLED-on-Silicon (OLEDoS) Market worth $2,352 million by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Aug. 16, 2024 /PRNewswire/ — The OLED-on-Silicon (OLEDoS) market is expected to reach USD 2,352 million by 2029 from USD 534 million in 2024 at a CAGR of 34.5%, from 2024 to 2029 according to a new report by MarketsandMarkets™. Growing adoption of oledos displays in ar/vr hmds, superior picture quality and energy efficiency, increasing demand for high-resolution microdisplays, and increasing investment in the oledos ecosystem are some of the major factors contributing to the growth of OLED-on-Silicon (OLEDoS) market. Moreover, opportunities such as growing consumer electronics industry, advancement in OLED material technology, and expanding applications across various industries to drive the demand of OLED-on-Silicon (OLEDoS) and drive the market growth.

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Browse in-depth TOC on “OLED-on-Silicon (OLEDoS) Market” 

110 – Tables
65 – Figures
250 – Pages

OLED-on-Silicon (OLEDoS) Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 534 million

Estimated Value by 2029

$ 2,352 million

Growth Rate

Poised to grow at a CAGR of 34.5%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Product Type, Display Size, Vertical, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Complexities associated with next-generation batteries

Key Market Opportunities

Expanding applications across various industries

Key Market Drivers

Growing adoption of OLEDoS in AR/VR displays

HMDs to dominate the Near-eye display segment of the market during forecast period.

Head Mounted Displays (HMDs) account for the largest share in the Near-eye Display segment of the OLED-on-Silicon (OLEDoS) market due to several reasons. The current growth in adoption of virtual reality and augmented reality technologies has triggered demand for HMDs, driven by high-resolution and high contrast displays from OLEDoS technology. In addition, the integration of OLEDoS displays in HMDs empowers enhanced user experience in terms of better image quality, improved response time, and low latency, making them quite suitable for a number of immersive applications. With their Vision Pro HMD, established players like Apple are aggressive about investing in the development of high-end HMDs equipped with such advanced display solutions, thereby driving the market growth. The growing use of HMDs in various sectors, including gaming, medical, and industrial training, further solidifies their dominant position in the Near-eye Display market.

Industrial & Enterprise to register highest CAGR in the market during forecast period.

The Industrial & Enterprise vertical segment in the OLED-on-Silicon (OLEDoS) market is experiencing significant growth for several reasons. First and foremost, OLEDoS displays will help provide excellent image quality, a high contrast ratio, and low power consumption things that become quite necessary industrially, where visual information needs to be available precisely for a longer time in operations. As such, the reason for the growth in demand from the application markets will be due to the adoption of OLEDoS technology in devices such as AR headsets and smart glasses, enabling better productivity and accuracy in workflows within manufacturing, logistics, and field services. In addition, the adoption of OLEDoS displays will be driven by demand for advanced diagnostic and monitoring tools within enterprise environments that make clearer, more detailed visuals necessary for complex data analysis and real-time decision making. In addition, growing investments in digital transformation and smart factory initiatives drive the implementations of OLEDoS-based solutions and thereby driving the growth of OLEDoS displays in the industrial and enterprise sectors.

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Europe to register the significant growth during the forecast period.

The growth rate of the OLEDoS industry across Europe is significantly increasing, which can be attributed to a various factor. Europe is home to many leading research institutions and technology companies working towards the innovation of OLEDoS technology. Fraunhofer Institute and Aixtron SE are amongst the most prominent institutions engaged in the research and development activities of the OLEDoS. Also, the strong concentration of leading automotive and aerospace industries in Europe, along with many major adopters of OLEDoS displays for applications in heads-up displays and cockpit systems, would fuel market growth. Active government initiatives and funds for encouragement in the area of advanced display technologies, along with support to semiconductors, act as a booster to the OLEDoS market. Another factor is that increasing demand for high-performance displays, primarily in the medical, consumer electronics, and industrial application industries, which are increasingly adopting OLEDoS technology in Europe.

The report profiles key players in OLED-on-Silicon (OLEDoS) companies such as 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). These players have adopted various organic and inorganic growth strategies such as services launches, partnerships, collaborations, acquisitions, and joint ventures.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Microdisplay Market by Product (NTE Devices, HUDs, Projectors), Technology (OLED, LCoS, MicroLED), Vertical (Consumer, Industrial and Enterprise, Automotive, Retail & Hospitality, Medical), Resolution and Brightness & Region – Global Forecast to 2029

Display Market by Display Technology, Resolution, Panel Size (Micro Display, Small and Medium-sized Panels, Large Panels), Panel Type (Fixed Panel, Flexible Panel), Dimension (2D, 3D), Product, Vertical and Region – Global Forecast to 2029

OLED Market Size, Share, Industry Growth, Trends & Analysis by Product Type (Smartphones, Television Sets, Smart Wearables, Large Format Displays), Panel Type, Panel Size, Technology, Vertical, and Geography

Micro-LED Market Size, Share, Industry Growth, Trends & Analysis by Application (Display (Smartwatch, NTE Device, Smartphone and Tablet, Television, Digital Signage), Lighting (General, Automotive)), Display Panel Size, Vertical and Region 2027

Augmented and Virtual Reality Market by Enterprise, Technology (Augmented Reality, Virtual Reality), Offering (Hardware, Software), Device Type (HMDs, HUDs, Gesture Tracking Devices), Application and Region – Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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CIEBON Chooses Centric PLM to Streamline and Align Teams

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Fast-growing fashion company adopts Centric PLM to support rapid company expansion

CAMPBELL, Calif., Jan. 7, 2025 /PRNewswire-PRWeb/ — Centric Software® is pleased to announce that CIEBON, the fashion company has selected Centric PLM™ to boost collaboration and speed to market. Centric Software provides retailers and brands the most innovative end-to-end product lifecycle enterprise solutions to plan, design, develop, source, buy, make, price, allocate, sell and replenish products such as fashion, outdoor, luxury, footwear, home and related goods like cosmetics & personal care as well as multi-category retail to achieve strategic and operational digital transformation goals.

When we saw that first Centric PLM demo, it was pretty clear that’s what we were missing and what we needed to keep growing.

Based in Los Angeles, California, CIEBON was established in 2021. This contemporary womenswear brand seamlessly merges modern femininity with effortless chic, from dresses to sportswear. Showcased in seasonal collections, CIEBON stands out for its unexpected details and luxurious fabrics, offering a curated selection of statement pieces and elevated ready-to-wear designs. The brand’s collections are available in upscale boutiques, department stores and online.

Daniel Banaga, Creative Director at CIEBON describes how the growth of the business outpaced the growth of the team. Banaga described the tools they used when the company first started as ‘rudimentary’. “We had to learn all the technical know-how and how to do all the integrations with our ERP system. That took a lot of time away from building the business and focusing on the brand,” he explains. Implementing Centric PLM will allow for freedom of tedious tasks shifting focus to collection inspiration and design enabling overall growth of the business.

The brand is renowned for creating custom fabrics with vivid prints and in-house embroidery designs. Banaga explains, “We develop all our embroidery in-house and having a material library for base fabrics and artwork in our colorways will be an incredible asset. It allows us to revisit past designs and reinvent them in fresh, new ways—it’s truly a game changer. With these essentials organized in our PLM, creating new designs or updated versions of existing ones will be seamless and efficient.”

Founder and CEO Charlene Xie says, “I wanted things in a very particular way to offer unique, colorful pieces made with rich fabrics. We are grateful boutiques and retailers appreciated that and it is why we’ve grown so quickly.” It was this growth that propelled the company to look for a PLM solution.

CIEBON identified bottlenecks and misaligned communication as significant pain points. Banaga shares, “Fashion is so time sensitive that if you’re not organized and don’t have all your ducks in a row, you end up suffering the consequences at some point—immediately or down the road. Having a reliable source of information is critical. With our small team moving quickly, effective communication can be a challenge. We needed a centralized system to ensure accurate, up-to-date information and track changes and progress seamlessly. That level of visibility is critical for staying aligned and driving our work forward.” Banaga continues, “One of the main draws for us was the Centric vendor portal. With overseas suppliers, communication over email can get muddied. We needed the ability to see what’s happening on the vendor’s side and to track the progress and changes…Being able to communicate all the changes and all the comments, especially to our vendors—fabric mills and garment companies—is huge. There are numerous collaborations that need to happen. Every minute counts when it comes to what we’re doing. Being organized is key.”

CIEBON did the research and found Centric Software to be an expert in the PLM industry. Banaga says, “When we saw that first Centric PLM demo, it was pretty clear that’s what we were missing and what we needed to keep growing.”

President of Centric Software Fabrice Canonge says, “We are proud to welcome CIEBON, an exciting, emerging fashion brand, to the Centric Software community. They are poised for huge growth and Centric PLM is the perfect tool to enable that growth by organizing data, improving collaboration with vendors and speeding time to market, leaving them to focus on creativity and innovation.”

Learn more about Centric Software

See Centric AI-Powered Solutions in action at NRF 2025, Booth #6257

CIEBON (http://www.ciebon.com)

CIEBON is a Los Angeles based and Asian owned contemporary womenswear brand that blends modern femininity with effortless chic. Presented in seasonal collections, the brand features unexpected detailing and lush fabrics in a range of statement pieces and elevated ready-to-wear.

Media Contact

Aurore Evee, Centric Software, +16479155377, aurore.evee@centricsoftware.com, www.centricsoftware.com

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SOURCE Centric Software

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Dreame Technology Stuns CES 2025 with Innovative Technologies Including Its Groundbreaking Bionic Multi-Joint Robotic Arm Technology and a Full Range of Products Such as the X50 Ultra

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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — The highly anticipated International Consumer Electronics Show (CES 2025) officially kicked off. Dreame Technology, a leading name in high-end consumer electronics and smart manufacturing, made a striking debut with the theme “All Dreams in One Dreame.” At CES 2025, the company unveiled its comprehensive ecosystem of advanced products, including robot vacuum, wet and dry vacuums, cordless stick vacuums, cordless robotic pool cleaners, and multifunctional hair drying and styling systems. With this impressive lineup, Dreame showcased its cutting-edge smart technologies, redefining the possibilities of innovative living for consumers worldwide.

Strengthen the Core Technology Barriers and Create a New Benchmark in the Robot Vacuum Industry

As a technology benchmark in the smart home appliance industry, Dreame Technology firmly believes that “core technology is the foundation of everything.”  Dreame Technology has continuously broken through and innovated, introducing many industry innovations such as Robotic Flex Arm, VersaLift, and Automatic mop removal technology.

Among them, the most noteworthy is Dreame Technology’s first robotic vacuum cleaner with an automatic arm capable of changing and using different cleaning tools. This design incorporates Dreame Technology’s first bionic multi-joint robotic arm technology and cleaning tool accessory compartment. The bionic multi-joint manipulator with four joints mimics a human hand, seamlessly integrating features similar to shoulders, elbows, wrists, and fingers. It stretches up to 30cm from the machine’s edge, effectively extending its cleaning reach. By being equipped with a self-developed structured light RGB module, the robotic arm can deeply perceive and detect the environment based on AI algorithms and return to the base station to change cleaning tools according to different scenarios and dirty needs to complete various cleaning tasks.

Another innovative Multi-Mop Replacement Dock adopts a new base station structure, which accommodates up to 3 sets of mopping cloths and supports the automatic replacement of mops at the base station. Users can customize different mops for specific areas based on personal preferences and household habits to achieve dedicated mop use in specific zones, thereby effectively avoiding the cross-use of mops in the bathroom, kitchen, living room, bedroom, and other spaces, making it more hygienic and cleaner. Additionally, the system comprehensively upgrades the drying method, adopting a dual air duct design, which can dry 3 sets of mops simultaneously, making it more efficient and time-saving.

Revolutionary Multi-Category Innovations Lead the New Trend in Smart Home Appliances

In the smart cleaning category, the X50 Ultra robot vacuum was one of the most eye-catching products at the Dreame Technology booth, winning many awards, including the CES 2025 International Breakthrough Award. It is equipped with Dreame Technology’s world-first robotic retractable legs technology, which can achieve a maximum obstacle crossing height of 6cm*. At the same time, it also features VersaLift, Dual Flex Arm Technology, and other technologies, elevating the cleaning performance of sweeping robots to a new level.

H15 Pro Heat wet and dry vacuum equipped with Dreame Technology’s GapFree™ AI DescendReach Robotic Arm technology achieves no cleaning dead zones and no water residue. When the wet and dry vacuum senses an edge, the AI smart lifting robotic arm will adaptively press down and quickly stick to the edge to complete the corner cleaning.  Z30 Smart Sensor cordless stick vacuum supports the smart sensor dirt function. Dreame Technology’s self-developed 150,000RPM high-speed digital motor delivers peak suction power of 300AW and a runtime of up to 90 minutes.

For outdoor cleaning scenarios, Dreame Technology has launched the Z1 Pro cordless robotic pool cleaner, whose innovative PoolSense™ technology can intelligently recognize the shape of the pool, enabling optimized zoning and S-shaped cleaning routes to improve cleaning efficiency. Based on LiFi communication technology, users can use a remote control to communicate with the swimming pool robot underwater in real time, assign cleaning tasks, and easily complete various cleaning needs.

On the other side of the booth, the newly launched Airstyle Pro Multifunctional Hair Drying & Styling System also garnered considerable attention from visitors. It is a salon-grade styler that integrates seven functional accessories for blow-drying, curling, straightening, and more.

Dreame Technology’s full ecosystem debut at CES 2025 highlights its remarkable breakthroughs in cutting-edge technology.

About Dream Technology

Established in 2017, Dreame Technology is an innovative consumer product company that focuses on smart home cleaning appliances with the vision to empower lives through technology. Follow us on FacebookInstagramTikTok and Twitter.

For more information, visit https://www.dreametech.com/.

*6cm: The 6cm refers to the height of the two steps. A single obstacle is 4.5cm high, and a single climbing mat’s crossing height is 1.5cm. Based on our in-house lab testing, actual results may vary depending on environmental factors.

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Lower Acquires Neat Labs, Launches LowerOS to Transform Digital Mortgage Experience

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COLUMBUS, Ohio, Jan. 7, 2025 /PRNewswire/ — Lower, a leading digital mortgage lender, today announced its acquisition of Neat Labs, a company renowned for its end-to-end mortgage origination software. Lower will integrate Neat Labs’ proprietary software into LowerOS, a comprehensive, cloud-based mortgage platform designed to deliver a world-class borrower experience and reduce the time and cost to produce a loan.

Founded in 2015, Neat Labs developed a cutting-edge platform that streamlines the mortgage process from pricing to loan approval and closing. Neat Labs originated over $1 billion in loans, taking borrowers from application to funding in as little as 10 days.

The introduction of LowerOS marks the beginning of a new era in mortgage technology, letting borrowers and loan officers collaborate like never before. Through LowerOS borrowers will have self-serve access to Neat Labs’ advanced underwriting engine letting consumers select the best loan product and payment plan they qualify for. LowerOS also automates many of the time-consuming tasks in the mortgage process, reducing the time and cost for borrowers to get a loan and giving Lower’s nationwide network of loan officers more time to spend guiding each client.

“We’re thrilled to bring Neat Labs into the Lower family. Their technology is the foundation of our next chapter,” said Dan Snyder, CEO and Co-Founder of Lower. “Since our inception, we’ve combined cutting-edge technology with an elite level of customer service. With LowerOS, we are once again revolutionizing the mortgage industry, offering unmatched operational efficiency and an intuitive, frictionless experience for both borrowers and loan officers.”

Steve Herschleb, Co-Founder and Chief Technology Officer (CTO) of Neat Labs, will join Lower as the company’s new CTO. Herschleb, who has extensive experience in developing scalable mortgage technology systems and previously served as Chief Product Officer at Maxwell, will play a critical role in the development of LowerOS.

“LowerOS will change the way consumers think about getting a mortgage whether they are buying a new home, refinancing to reduce their monthly payments or tapping the equity in their home to consolidate debts or pay for a major life event like that overdue home remodel,” said Herschleb. “With LowerOS, borrowers can get approved significantly faster than they can today. It’ll make getting a mortgage feel more like a car loan or a credit card.”

With this acquisition and the introduction of LowerOS, Lower continues to redefine the mortgage experience by combining advanced technology with a focus on delivering exceptional value and efficiency.

About Lower
Founded in 2014, Lower is the 28th largest home lender in the country, and backed by Accel Partners, SoFi, and Veritex Bank. Lower operates a digital platform that meets customers both online through its website, and offline though its distributed retail branches. Committed to being the best lender for both originators, and consumers, Lower is redefining home finance one home at a time.

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SOURCE Lower, LLC

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