Micro Displays Market Size – USD 711.8 Million in 2020, Market Growth – at a CAGR of 38.2%, Market Trends – High demand from automotive and military & defense sectors
The report clearly defines the Micro Displays market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the Micro Displays industry.
Increase in demand for thin and more advanced and efficient displays consisting of organic light-emitting (OLED) materials is a key factor driving global micro displays market revenue growth. Micro displays have excellent quality, high resolution, low power consumption, and are of compact size. These advantages make these products ideal for usage in consumer electronics, military & defense equipment and devices, and in healthcare devices and equipment.
The Global Micro Displays Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period.
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Key Market Dynamics: The global Micro Displays market research report details on the ongoing market trends, development outlines, and several research methodologies. It illustrates the key factors that directly manipulate the market, for instance, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes within the product profiles could result in huge disruptions to the above-mentioned factors. Each of these factors has been elaborately discussed in the initial segment of the study.
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Some Key Highlights From the Report
- Head-up display is installed in the dashboard of vehicles to display important information and data without diverting the driver’s attention or view away from the road. Head-up display was initially designed to be used in military aviation, but has since shifted to personal cars and other automotive and non-automotive applications. The use of microdisplay technology allows for manufacture of more compact high-resolution head-up displays.
- Organic light-emitting diode is replacing LCD. OLED displays have smaller screen, generally less than 2 inches in diagonal. OLED micro displays have near-to-eye and projection features and find application in augmented and virtual reality, mobile, cameras, personal electronics, and full-color projections, among others. Increased awareness regarding the advantages of these products is expected to drive revenue growth of this segment over the forecast period.
- Automotive industry has emerged a key application industry and adoption of advanced display technologies has been relatively high in the recent past. OLED micro display technology provides new design options for light sources and is garnering interest in the automotive sector. Both micro LED and OLED display technologies provide transparent, true-black, and flexible functions, which are necessary for an immersive user experience.
- Asia Pacific accounted for largest revenue share in 2020 due to rapid industrialization, and presence of large numbers of Original Equipment Manufacturers (OEMs) in countries in the region. Increasing penetration of smartphones and other micro-display based devices is further expected to drive growth of the market.
- Key players in the market include Seiko Epson, Sony Corporation, Kopin Corporation, Himax Technologies, Holoeye Photonics, Winstar Display, Wisechip Semiconductor, LG Display Co. Ltd., Yunnan Olightek Opto-Electronic Technology Co., Ltd., and Microtips Technology, LLC.
The findings of the report explain various aspects of the market, such as market status, developmental prospects, key regional segments, renowned market players, product offerings, end-use industries.
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Geographical Terrain of the Global Micro Displays Market:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
The global Micro Displays market is segmented based on product types offered in the market, their applications, end-user industries, different types of technologies, and key regions of the market.
Product Component Outlook (Revenue, USD Million; 2018–2028)
- Near-to-Eye (NTE) Devices
- Head-Mounted Display (HMD)
- AR HMD
- VR HMD
- Electronic Viewfinder (EVF)/Camera
- Head-Mounted Display (HMD)
- Head-Up Display (HUD)
- Projectors
- Pico Projector
- Data Projector
- Technology Outlook (Revenue, USD Million; 2018–2028)
- Liquid Crystal Display (LCD)
- Liquid Crystal On Silicon (LCoS)
- Organic Light-Emitting Diode (OLED)
- Digital Light Processing (DLP)
- Resolution Outlook (Revenue, USD Million; 2018–2028)
- Lower than HD
- HD
- FHD
- Higher than FHD
- Brightness Outlook (Revenue, USD Million; 2018–2028)
- Less than 500 NITS
- 500 To 1000 NITS
- More than 1000 NITS
- Industry Outlook (Revenue, USD Million; 2018–2028)
- Automotive
- Consumer
- Military, Defense, and Aerospace
- Education
- Industrial & Enterprise
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Key Questions You Asked:
- What is the growth rate of the Micro Displays market? What is the anticipated market valuation of the Micro Displays industry by 2028?
- What are the key growth driving and restraining factors of the Micro Displays market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Micro Displays industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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