Industrial, Manufacturing & Heavy Industry Market News

Microdisplay market to hit a CAGR of 13.2% by 2023

Industrial Market Research

The global Microdisplay market is estimated to be valued at USD 812.0 million in 2017 and is expected to reach USD 1,706.3million by 2023.

Microdisplay market at a CAGR of 13.2% between 2017 and 2023.

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 The microdisplay market in APAC is expected to grow at the highest CAGR between 2017 and 2023. The large consumer market in China and the presence of a large number of OEMs are driving the microdisplay market in the region.

Moreover, technological advancements, changing consumer behavior, and decreasing ASPs of microdisplay devices help drive the growth of this market in the region.

“LCD technology held largest share of the microdisplay market in 2016”

The LCD technology held the largest share of the microdisplay market in 2016.The LCD technology is used in HMDs, HUDs, EVFs, thermal imaging glasses, and wearable devices, owing to its advantages such as high brightness, low cost, less heating, and easy manufacturing. Moreover, the LCD technology helps microdisplay device manufacturers reduce the size of the devices at an early stage.

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 The rising adoption of portable devices such as HMDs and HUDs and increasing application areas of microdisplays are the major drivers for the microdisplay market growth, while the low performance of microdisplays at high temperatures restrains the growth of the microdisplay market.

Microdisplay Market Report’s includes for this Target Audience:

  • Raw material vendors
  • Component manufacturers and distributors
  • Display providers
  • Display distributors
  • OEMs of EVFs, HMDs, projectors, smartphones, and wearables, among others
  • End users (such as consumer; commercial; industrial and enterprise; medical; military, defense, and aerospace; and automotive)
  • Analysts and strategic business planners
  • Research organizations
  • Associations, organizations, and alliances related to microdisplays 

“Transportation application expected to grow at the highest CAGR between 2017 and 2023”

Transportation has created an ever-increasing demand for total stations. It measures the coordinates of horizontal and vertical alignment.

It measures the angles and coordinates that help the surveyors to map the natural surface available for the construction of highways, tunnels, and bridges as well as design a model through the CAD software.   

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 Market Dynamics landscape 

  1. Drivers
    Rising Adoption Portable Devices Such as HMDs and HUDs
    Increasing Applications of Microdisplays
  1. Restraints
    Low Performance of Microdisplays at High Temperatures 

Top 25 Companies analyzed for this study are - AU Optronics Corp., CITIZEN FINEDEVICE CO.,LTD., Dresden Microdisplay GmbH, eMagin Corporation, Forth Dimension Displays Limited, Hana Microdisplay Technologies, Inc., Himax Technologies, Inc., HOLOEYE Photonics AG, IAE Opto-Electronics Co., Ltd, InfoVision Optoelectronics (Kunshan) Co., Ltd., Japan Display Inc., Jasper Display Corp., Kopin Corporation, Liteye Systems Inc, MICROOLED, Microtips Technology, LLC, RAONTECH, Seiko Epson Corporation, Sensors Unlimited, Sony Corporation, Syndiant, Texas Instruments Inc., US Micro Products, WiseChip Semiconductor Inc., Yunnan OLiGHTEK Opto-Electronic Technology Co.,Ltd.

Research Coverage: 

The report defines, describes, and forecasts the microdisplay market based on product type, technology, resolution, application, and geography. It provides detailed information regarding the major factors influencing the growth of the microdisplay market(drivers, restraints, opportunities, and industry-specific challenges).

It also analyzes the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by key players to grow in the market. 

What the report offers

Illustrative segmentation, analysis, and forecast pertaining to the microdisplay market based on product type, technology, resolution, application, and geography have been conducted to provide an overall view of the microdisplay market.

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