The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the microdisplay market. The scope of this report covers the microdisplay market by its major segments, which include the types, applications, and the major geographic regions.
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High resolution screen displays that are used in different systems of magnified displays for controlling the functions of specific gadget and equipment are referred as microdisplays. Such kinds of displays are quite compact and provide resolution of high-definition.
They are also energy efficient in comparison with the technologies having normal display. Adopted in several applications such as automotive, medical appliances, consumer electronics, industrial, and military & defense, these displays are implemented widely in various electronics devices such as music systems, air conditioners, smart watches, smart bands, and projectors for managing and monitoring the operation.
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KEY PREMIUM INDUSTRY INSIGHTS
- The global market for microdisplay is driven by certain factors such as growing adoption of different portable devices such as HUDs and HMDs as well as escalating microdisplay applications. However, at higher temperatures mcrdisplays perform at low performance which proves to be hindering factor of the global microdisplays market.
- There are certain opportunities occurring in the global market for microdisplays include evolving technologies of microdisplayand rising market demand for microdisplays having high-resolution while growing manufacturing cost is the major challenge of this global market.
Regionally, the global market for microdisplay is segmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa. Among these, Asia-Pacific is anticipated to expand with maximum market share over the forecast period in the global market for microdisplay.
On the other hand, in China growing customer base as well as presence of large no. of OEMs is fueling the global market for microdisplay in this region.
Changing customer behavior, latest technological advancement and reduced average selling prices (ASPs). Moreover, growing usage of microdisplay devices in enterprise and industrial; defense, automotive, military, and aerospace applications further boost the global market for microdisplay in this region.
KEY MARKET PLAYERS
Key players in the microdisplay market include:
- eMagin Corporation
- Himax Technologies, Inc.
- Japan Display Inc.
- Kopin Corporation
- Seiko Epson Corporation
- Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.
- HOLOEYE Photonics AG
- Microtips Technology, LLC
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