Microdisplay Market is expected to reach US$ XX Mn in 2026 in terms of revenue with a CAGR of XX% in the forecasting period.
Microdisplay is featured with CMOS chips which include two-dimensional transistors. These microdisplay are applicable in rear-projection TVs, head-mounted displays (HMD), viewfinders in cameras and other data projector counterparts. Microdisplay enhances the voice and picture clarity when used in TVs. Technological advancements in microdisplay and emergence of the microdisplay-based holographic display are encouraging the electronic equipment manufacturer to invest in R&D of microdisplay having a positive impact on global microdisplay market.
Microdisplay is compact small-sized displays including high-resolution capability that advances the picture and voice quality in TVs which Microdisplay Market it a prime device to be used while manufacturing of display devices, encouraging the OEMs to use microdiplay in many new devices such as smartphones, tablets, and others. A growing number of applications in various consumer electronics and industrial electronics are major factors which fuel the growth of Microdisplay Market, encouraging the manufacturer of the device to use microdiaplay in the display devices.
Government regulations for the use of microdiplay in electronic devices and high initial manufacturing costs are among the factors that impact negatively the growth of Microdisplay Market.
The Microdisplay Market can be segmented into the product, technology, application, and region. In terms of product, Near-to-eye (NTE) display device segment led the Microdisplay Market. NTE display devices include electronic viewfinders (EVFs), head-mounted displays (HMDs), and heads-up displays (HUDs). The increasing adoption of AR glasses in the industrial and enterprise application for providing on-the-job training to field workers, warehouse management, maintenance and inspection activities, among many others creates a significant demand for NTE display devices. However, the increase in adoption of VR HMDs for gaming and entertainment further provides opportunities for the microdisplay market players. Moreover, the growing use of HUDs in premium cars fuels the growth of the microdisplay market for NTE display devices.
Based on technology, LCD technology is the leading segment in the global market and is expected to maintain this trend throughout the forecast period. Currently, high resolution and excellent picture quality, low power consumption, and compact size are some of the key driving factors of the market. However, the OLED segment is expected to witness significant growth in the future, owing to its compact size and enhanced efficiency.
North America is expected to hold the largest share of the Microdisplay Market during the forecast period. The growing adoption of microdisplay devices is one of the major driving factors for Microdisplay Market in North America. Projectors are increasingly being used in the educational application as traditional classroom learning is being replaced by web-based and online learning. Moreover, the growing use of technologically advanced devices including HMDs, HUDs, and fitness bands would further help drive the growth of the microdisplay market in the region
The key players in the Microdisplay Market have focused on expanding their business operations in the fast-growing emerging countries with new product launch as the preferred strategy. The major players profiled in this report include eMagin Corporation, Universal Display Corporation, AU Optronics Corp, KopIn Corporation Inc., Micron Technology Inc., Himax Technology Inc., LG Display Co. Ltd, Microvision Inc., Sony Corporation, and Syndiant Inc.
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Microdisplay Market, By Product Type
Microdisplay Market, By Technology
Microdisplay Market, By Application
Microdisplay Market, By Geography
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Key Players operating in the Microdisplay Market:
- eMagin Corporation
- Universal Display Corporation
- AU Optronics Corp
- KopIn Corporation Inc.
- Micron Technology Inc.,
- Himax Technology Inc.
- LG Display Co. Ltd
- Microvision Inc.
- Sony Corporation
- Syndiant Inc.
- Yunnan OLiGHTEK Opto-Electronic
- Seiko Epson Corporation.
- WiseChip Semiconductor Inc.
- LG Display Co. Ltd.
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