Microdisplay Market by Technology (LCD, OLED, DLP, and LCoS), Type (Near-To-Eye and Projection), Application (Consumer Electronics, Military & Defence, Medical Application, Industry System, Automotive) - Global Opportunity Analysis and Industry Forecast, 2021- 2027

ID: VPR/SEM/232 Publishing Year: February 2021 Pages: 68 Format:   


Global Microdisplay Market is expected to reach $XX million by 2027, registering a CAGR of XX% during the forecast of period of 2021-2027.

Microdisplay is mainly is compact size display which is less than an quarter inch diagonal. It includes user-configurable technology, high pixel and density, and high resolution that are used in smart watches, smart bands, and smartglasses to enable the quality pictures and contrast ratio. Furthermore, it offers super extended graphics array for imporved brightness and enhanced angled view. DLP, LCD, and LCoS are widely used Microdisplay Technologies.

High resolution and excellent picture quality, compact size and low battery consumption has increased in adoption of Microdisplay in military and defense, medical application and consumer electronics. Presently, Microdisplays has wide range of application in military and defense for fast monitoring and faster performance. Therefore owing to these benefits the global microdisplay market is expected to group rapidly in the future.                                 

Increased adoption of HMDs in several industries as Modern devices as rapidly becoming portable and smaller and therefore they are becoming more convenient to use. Moreover to present graphical and pictorial information, it is very crucial for displays to shrink in the size and decrease the complexity while increase the resolution at the same time. The Microdisplay Market is growing rapidly therefore, owing to this reason the rising demands for EVFs, HMDs, HUDs, scopes, thermal imaging glasses, projectors and medical equipment’s in several industries including consumer, military, defense, medical , aerospace and automotive. Moreover as Microdisplay have high growth potential in HMDs as the demand for AR smart glasses is expected to increase rapidly in next 3 to 5 years. Saturation of markets for digital cameras and projectors are eventually slowing down Microdisplay Market Growth. A camera is an optical instrument used for capturing images and recording, which are stored in physical form know as digital system. An EVF is a camera view finders that projects the image captured by the lens on Microdisplay moreover, which assists and focuses on aiming the camera the target to be photographed or viewed and mostly the EVFs are used in digital still camera and video cameras. Therefore over all digital camera and projector market is maturing, and the growth is naturally slowing as it becomes nearly saturated. Due to the declining demand for digital cameras the demand for Microdisplay has also reduced for these products. Potential demand for Microdisplays from APAC due to presence of key vendors and large customer base. Rising demand for consumer wearables and increasing use of NTE devices in the military and medical sector is boosting the growth of the Microdisplay Market.

Segment Insight:

The Microdisplay Market is segmented based on type, technology, application and region. Based on Technology (LCD, OLED, DLP, and LCoS), Type (Near-To-Eye and Projection), Application (Consumer Electronics, Military & Defence, Medical Application, Industry System, Automotive)

 

By Type Insight:

The Microdisplay Market is segmented by Near-to-eyes (NTE) devices, Head-Mounted-Display (HMD), Head-UP Display (HUD), and EVF Cameras. The NTE segment dominated the market in 2017, with a share of approximately 48.0%, spiraling demand for AR glasses in industrial application supporting warehouse management moreover increasing use of HUDs in premium vehicle is also likely to escalate the growth of the segment.

By Technology Insight:

The Microdisplay Market is segmented by technology Organic Light Emitting Diode (OLED), Liquid Crystal on Silicon (LCoS), Liquid Crystal Display (LCD), Digital Light Processing (DLP), Digital Micro mirror Devices (DMD). The LCD segment just covered over 55% of overall revenue of the market in 2017. The growth of the segment can be attributed by extensive use of LCD Microdisplays in HUDs, HMDs and electronic viewfinders EVFs. Moreover the liquid crystal on silicon (LCoS) segment is estimated to exhibit noteworthy growth during the forecast period owing its enhanced efficiency and compact size. Furthermore key market players are highly focusing on OLED Microdisplay Technology to provide displays with better visual performance to customers. Rising awareness regarding advantages of the technology type is expected to bode well for the overall market.

By Application Insight:

The microdisplay market is segmented by Application (Consumer Electronics, Military & Defence, Medical Application, Industry System, and Automotive). In 2017, the military and defense accounted for over 39.0% of the overall market review. The growth of the segment can be attributed to high demand for the low-powered OLED microdislpays in several application, such as thermal imaging, situational awareness, simulation and training.

Major Key Players of Global Electric Market

The report provides a comprehensive analysis of the Microdisplay Market such as Sony Corporation (Japan), Seiko Epson (Japan), eMagin corporation (US), Kopin Corporation (US), OLiGTHEK (China).

Most of the Key Player in the Microdisplay Market is focusing on business expansion to gain higher revenue share through the adoption of the strategy, such as mergers and acquistion and new product development.

Microdisplay Market Key Segment:

By Type

  • Near-to-eye
  • Projection

By Technology

  • Liquid crystal display (LCD).
  • Organic light-emitting diode (OLED).
  • Digital light processing (DLP).
  • Liquid crystal on silicon (LCoS).

By Application

  • Consumer application.
  • Military and defense.
  • Medical applications.
  • Industrial systems.
  • Automotive.
  • Others.

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA

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