35 According IMARC Group’s latest report, titled “Microdisplay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global microdisplay market reached a value of US$ 1.26 Billion in 2020. Microdisplays refer to miniature displays with micro-level resolution and a diagonal screen size of less than two inches. These displays incur lower manufacturing cost and power dissipation, create large images from a lightweight and small unit, and can even integrate drivers with display chip. In recent years, manufacturers have introduced OLED-on-silicon technology that offers an improved image quality through high-resolution, bidirectional, and ultra-low-power microdisplays. OLED microdisplays have also gained immense popularity with the increasing usage of the technology in augmented reality (AR) and virtual reality (VR) applications.