Microdisplay Market by Technology (LCD, LCoS, DLP and OLED) Application (Near-to-Eye and Projection) and Industry Vertical (Military & Defense, Automotive, Healthcare, Consumer Electronics, Law Enforcement and Others) - Global Analysis and 2025 Forecasts
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“Huge demands for sophisticated electronic devices in the automotive, healthcare and defense sectors will be major driving factor for growth in the Microdisplay market between 2016 and 2025”.
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The Microdisplay Market is US$ 845.3 million in 2016 and is estimated to reach US$ 4892.3 million by 2025. The microdisplay market has experienced high growth and adoption rate in the last few years and is also expected to experience a significant growth and adoption rate in years to come.
One of the major reason for high adoption of microdisplays are, it enables mobility while accessing information.
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The tremendous growth in usage consumer wearable such as AR/VR glasses, smart glasses, fit belts. are enabling in the exponential rise of the market.
Furthermore, microdisplay market is expected to accelerate at a high growth rate in the coming few years due to technology, communications and Consumer Electronics industry verticals’ inclination towards adopting such solutions which can provide better energy efficiency, high color contrasts and resolution values in bigger screens and as a result these factors are driving the microdisplay market by 21.7% between 2017 and 2025.
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A compact sized display embedded with many consumer and industrial electronic devices. The Microdisplay market is further segmented on the basis of technology, application and industry verticals, across five major geographical regions.
The different technologies used in the manufacture of microdisplays that are covered in this report include Liquid Crystal Display (LCD), Liquid Crystal on Silicon (LCoS), Digital Light Processing (DLP) and Organic Light Emitting Diode (OLED). These microdisplays have a broad range of applications in numerous industry verticals.
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The applications of microdisplays have been broadly categorized into following two categories as Near-to-eye and Projection applications. The applications have been further bifurcated in the report.
Electronic View Finder, Head-Up Display and Head Mounted Displays form the Near-to-Eye applications of microdisplays while embedded mobile and PICO projections sum up the Projection application of microdisplays. The industry verticals using these microdisplays for various uses are Military & Defense, Automotive, Healthcare, Consumer Electronics, Law Enforcement and Others.
Five major geographical regions considered within the scope of this market are North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).
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Some of the major players influencing microdisplay market are Universal Display Corporation, SONY Corporation, Texas Instruments Incorporated, Kopin Corporation, Inc. and eMagin, Inc. Also, AU Optics Corporation, Himax Technologies Inc., MicroVision Inc.
and Syndiant are other key companies in the microdisplay market. Many companies are investing in microdisplay owing to the potential improvements related to accuracy, operational efficiency and timely order fulfilment thereby, helping them to enhance customer retention rate and compete efficiently in the market.
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