Microdisplay Market Report: Trends, Forecast and Competitive Analysis

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OLED Microdisplay Market – OverviewThe global OLED microdisplay market is experiencing a high demand due to high penetration in the display panel market.

Further, the higher adoption rate of smartphones and smartwatches drives the market growth.

Asia-Pacific is the dominating region and is also expected to possess the highest CAGR.Key Players:The key players in the OLED Microdisplay Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.

Some of them are— Sony Corporation (Japan), LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd (South Korea), OSRAM Licht AG (Germany), Dresden Microdisplay GmbH (Germany), Kopin Corporation (US), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd (China), Himax Technologies, Inc. (Taiwan), Holoeye Photonics AG (Germany), Seiko Epson Corporation (Japan), Silicon Micro Display Inc. (US), eMagin Corporation (US), OmniVision Technologies Inc. (US), MicroVision Inc. (US), and WINSTAR Display Co., Ltd (Taiwan).

These players contribute a major proportion towards market growth.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7479Apart from the top key players, the other players contribute nearly 30–35 % in the OLED microdisplay market.

These include Innovative and others.

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Global Microdisplay Market report published by Accurize Market Research forecast that the global market is expected to reach $5 billion by 2025; growing at a CAGR of 23.8% from 2017 to 2025.

By geography, the Asia Pacific and Europe are expected to grow at a CAGR of 25.9% and 24.3%, respectively, during the forecast period.Request Sample:https://www.accurizemarketresearch.com/report/microdisplay-market/sample-requestIncreased demand for high-resolution picture quality to drive the marketThe global microdisplay market is majorly driven by compact size, high-resolution picture qualityand low power consumption.

A surge in demand for heads up displays (HUDs) would provide several growth opportunities for the market in the coming years.Market SegmentationGlobal microdisplay market is split into type, technology, application, and geography.

The type segment includes neat-to-eye and projection.

The technology segment is further divided into liquid crystal display (LCD), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal on silicon (LCoS).

The application segment of the market includes consumer electronics, military & defense, industrial systems, medical appliances, automotive, and others.

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The global microdisplays market size is poised to reach USD 3.42 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 19.1% during the forecast period.

A microdisplay is a microminiaturized display with a diagonal screen size of less than two inches.

Microdisplays are compact small-sized displays with a large number of pixels and high resolution.

Microdisplays are being increasingly used in rear-projection TVs to increase voice and image clarity, besides reducing the overall cost.

Excellent picture quality, high resolution, compact size, and low power consumption have led to increased adoption of microdisplays in consumer electronics, military & defense, and medical applications.

In 2017, LCD-based displays dominated the market owing to their low cost, relatively high brightness, and a rather simple manufacturing process.Moreover, high consumer demand for small form factor (SFF) microdisplay devices with improved features, such as faster response, more colorfulness, higher power efficiency, and better contrast is projected to create significant opportunities for vendors in the market.

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