Global Microdisplay Market, By Product (Near-to-Eye (NTE) Devices, HUD, Others), Technology (LCD, LCoS, OLED, DLP), Resolution (Lower than HD, HD, FHD, Higher than FHD), Brightness (Less than 500 Nits, 500 to 1,000 Nits, More than 1,000 Nits), Industry (Consumer, Industrial and Enterprise, Automotive, Military, Defense, and Aerospace, Sports and Entertainment, Retail and Hospitality, Medical, Education, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Microdisplay Market
The microdisplay market is expected to witness market growth at a rate of 29.70% in the forecast period of 2022 to 2029. Data Bridge Market Research report on microdisplay market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of microdisplay market.
Microdisplay refers to a compact size display that has less than a quarter inch diagonal. The display is known to have user-configurable technology, high pixel density and high resolution that is utilized in smart glasses, smart watches and smart watches for allowing quality images and high contrast ratio. The product offers super extended graphics array (SEGA) resolution to acquire better angle viewing and enhanced brightness.
The rise in demand for OLED microdisplays across the globe acts as one of the major factors driving the growth of microdisplay market. The high adoption of microdisplay in military and defence, medical applications and consumer electronics, owning to the high resolution and excellent picture quality, low power consumption and compact size accelerate the market growth. The rise in demand for microdisplays that are used in wearable devices and increase in use of smartwatches and fitness trackers among youth consumers for numerous applications, including health monitoring, lifestyle support, and entertainment, among others. Additionally, rapid technological advancements, adoption of HMD in different industries and high demand for AR devices in healthcare applications positively affect the microdisplay market. Furthermore, development of high-definition and ultra-high-definition microdisplay screens extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high manufacturing costs of microdisplays and development of power-efficient microdisplays with high-resolution and brightness are expected to obstruct the market growth. Display latency reduction and adverse impact of lockdowns and social distancing on commercial trade are projected to challenge the microdisplay market in the forecast period of 2022-2029.
This microdisplay market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info microdisplay market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Microdisplay Market Scope and Market Size
The microdisplay market is segmented on the basis of product, technology, resolution, brightness, and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the microdisplay market is segmented into near-to-eye (NTE) devices, HUD, and others. Near-to-eye (NTE) Devices have been further segmented into electronic viewfinder (EVF)/camera and HMD. HMD has been further sub-segmented into AR HMD and VR HMD. HUD has been further segmented into projector pico projector and data projector. Others have been further segmented into monocular and binocular systems, rifle scopes, thermal imaging glasses, and medical equipment.
- On the basis of technology, the microdisplay market has been segmented into CD, LCoS, OLED, and DLP.
- On the basis of resolution, the microdisplay market has been segmented into lower than HD, HD, FHD, and higher than FHD.
- On the basis of brightness, the microdisplay market has been segmented into less than 500 Nits, 500 to 1,000 Nits, and more than 1,000 Nits.
- On the basis of industry, the microdisplay market has been segmented into consumer, industrial and enterprise, automotive, military, defense, and aerospace, sports and entertainment, retail and hospitality, medical, education, and others. Others have been further segmented into BFSI, telecommunications, construction, agriculture, and transportation.
Microdisplay Market Country Level Analysis
The microdisplay market is analysed and market size, volume information is provided by country, product, technology, resolution, brightness, and industry as referenced above.
The countries covered in the global microdisplay market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the microdisplay market due to the use of ICT technologies in the educational sector within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increasing demand for micro displays for cameras, smartphones, EVF machines, and projectors in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Microdisplay Market Share Analysis
The microdisplay market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to microdisplay market.
Some of the major players operating in the microdisplay market report are Sony Corporation, Semiconductor Solutions, Seiko Epson Corporation, eMagin, Kopin Corporation, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., Syndiant Inc., LG Display, Himax Technologies, Inc, MicroVision, AU Optronics Corp., Micron Technology, Universal Display Corporation, Microtips Technology, Inc., WiseChip Semiconductor and LG Display, among others.