VR / AR

We're happy to bring you a new interview with Instrument Systems, as part of our series of interviews with MicroLED Industry Association members. Germany-based Instrument Systems manufactures high-precision spectrometers, complex systems and software solutions for spectral light measurements.

Dr. Marc Lünnemann joined Instrument Systems as CEO in January 2026. In this interview, he shares his perspective on the company's direction. The interview then turns to technical questions for Dr. Tobias Steinel, Product Manager.

Strategy and direction

What are your top priorities as CEO for the first year?

Marc Lünnemann: Instrument Systems has just celebrated its 40th anniversary. A history like this cannot be built through technology alone. It is the result of the dedication, courage and integrity of every individual, together with an enduring commitment to solving our customers' problems. Looking ahead, I would like to emphasize three priorities: growth, transformation and collaboration. Growth means that our next stage will not come simply from extending what has worked in the past. We will build on our strong technology expertise and identify new applications, markets and solutions with the demand for precise light and color measurement. Transformation implies challenging our assumptions, evolving how we work and becoming a more resilient and efficient company. And collaboration is about working together not only with customers but also connecting complementary strengths across the Sensing Businesses of Konica Minolta to create even more value for our customers.

Taiwan-based MicroLED developer PlayNitride held its Q2 2026 investor conference call, during which it updated on its financials - and also on its major projects and customers. PlayNitride reported revenues of 150 million TWD ($4.7 million USD), down 26% from Q2 2025 ($6.3 million) and slightly up then the first quarter of 2026 ($4.4 million).

First, PlayNitride says that its current business is quite steady. It is supplying microLED chips to both Samsung's direct-emission microLED TVs, and also to the Garmin Fenix 8 Pro smartwatch (produced by AUO). 

China-based full-color microLED microdisplay developer VIJO Optoelectronics announced that it has secured almost 100 million RMB (around $14 million USD) in its latest funding round.

New investors in VIJO include Hainan Sprout Capital, Appotronics Corporation Limited, Beijing Economic-Technological Development Area Seed Investment Fund. 

RayNeo announced their latest AR glasses, the RayNeo iO, featuring grEen monochrome microLED microdisplays. 

RayNeo says that these glasses uses its latest Firefly Engine Nano, which is likely based on JBD's 0.1cc microdisplays.

Ennostar reported its financial results for Q2 2026, with a 20% revenue growth, and an operation loss (but a net income due to an asset sale). Ennostar says that its operating loss was due to Intense competition and industry overcapacity.

Looking forward, Ennostar says it expects its microLED display business to grow "by multiples" from 2025, driven by higher demand for AR and VR microdisplays from its US and European customers.

XGIMI unveiled its MemoMind One smart AI glasses in January 2026, and later in June launched a crowdfunding campaign. The MemoMind One now crossed the $1 million mark, with over 2,000 backers, with prices starting at $400 for the Standard edition.

The MemoMind One glasses, that do not have any cameras, utilize dual monochrome (green) microLED displays, that output 2,000 nits. These microdisplays are produced by JBD, see teardown video here.

ams Osram posted its financial results for Q2 2026, with 805 million Euro in revenues, up slightly from last year. The company says it continues to evolve to a more focused photonics company.

As part of its update, ams Osram says that microLED microdisplay light engines for AR applications continued to achieve key development milestones. The company says that its microLED AR technology validates its performance leadership and is advancing step-by-step towards mass-production readiness. According to our report from October 2026, ams Osram is collaborating with Meta towards microLED microdisplays.

Halliday launched its second generation microLED-powered AR glasses, the G2. The G2 is based on dual 600x300 1600 nits microLED microdisplays (likely produced by JBD, but not confirmed yet). The G2 do not have a camera (to improve on privacy concerns, and reduce weight), but do include four microphones and offer a battery life of over 12 hours.

The G2 glasses enables AI features such as real-time translation, research lookups, captioning, and more. It is available for pre-order today, with a $599 retail price. It will start shipping in September 2026.

China-based microLED microdisplay developer Star Key Semiconductor has completed a financing round, raising "hundreds of millions of yuan", which likely means something between $30-100 million USD. The round was led by CDH Investments’ Hong Kong fund, and includes several undisclosed strategic and financial groups. 

In December 2025, Star Key inaugurated its microLED production line in Wuhan. This line is based on 8-inch GaN-on-Silicon microLED wafers, and will produce microLED microdisplays. The yearly capacity is around 12,000 wafers.

Even Realities has successfully raised $150 million in its pre-Series B round, led by Meituan and Tencent. This round places a value of $1 billion on the AR headset developer.

In November 2025, Even Realities launched its 2nd-gen AR glasses, the Even G2 Display Smart Glasses, based on microLED displays. The displays offer a 640x350 resolution, monochrome (green) color, 1200 nits brightness, and a 60Hz refresh rate.