In January 2020, Panasonic Corporation announced that it has created  ultra-high-definition (UHD) eyeglasses with a high dynamic range (HDR) for VR applications. These eyeglasses have micro-OLEDs, which were developed in collaboration with Kopin Corporation. Similarly, in May 2020, Wuhan China Star Optoelectronics Semiconductor Display Technology Co. Ltd. and Universal Display Corporation (UDC) announced the signing of a new supplemental material purchase agreement and OLED technology license agreement.

Under these agreements, the former will procure phosphorescent OLED materials from the latter, to be used in the display products manufactured by UDC. In recent years, the Asia-Pacific (APAC) microdisplay market has adopted the highest volume of microdisplays due to the presence of a considerable number of companies, which has reduced the cost of such products and increased the penetration of microdisplay-enabled devices.

Due to the booming automobile and consumer electronics sectors in Japan, India, and China, the demand for these devices is escalating in the region. For instance, according to Organisation Internationale des Constructeurs d'Automobiles (OICA), India produced 3.6 million passenger cars and 1.1 million commercial cars in 2019.

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Thus, with microdisplay devices being increasingly used in passenger cars, commercial vehicles, smartphones, and wearable devices, to enhance their features, a number of companies, including Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., INT Tech Co. Ltd., HOLOEYE Photonics AG, Syndiant, PRP Optoelectronics Ltd., KYOCERA Corporation, Shenzhen Anpo Intelligence Technology Co. Ltd., and RAONTECH Inc., are offering these products.