According to the new market research report "Microdisplay Market by Product (HMD, HUD, EVF, Projector), Technology (OLED, LCoS, LCD, DLP), Industry (Consumer, Industrial/Enterprise, Aerospace, Automotive, Retail, Entertainment, Medical), Resolution, Brightness, and Region - Global Forecast to 2024", the market is estimated to grow from USD 972 million in 2018 to USD 3,583 million by 2024, at a CAGR of 24.3% from 2018 to 2024.Factors such as the compact size and technological advancements of microdisplays; increased adoption of HMDs in several industries; escalated demand for OLED microdisplays; and adoption of ADAS and surge in demand for head-up displays are driving the market toward high growth.
Speak to our analyst and gain crucial industry insights that will help your business grow:Â https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=430Â HMDs expected to surge demand for microdisplays during forecast period Based on products, the microdisplay market has been segmented into 5 major categories: projector, HUD, HMD, camera/EVF, and others.
The increasing adoption of HMDs for medical, automotive, consumer and entertainment, and education applications, among many others, is expected to help the microdisplay market to grow significantly in the coming years.
However, the saturation in projector and camera shipments would lead to slower growth of the microdisplay market than that for other emerging products.
Browse and in-depth TOC on “Microdisplay Market”63 – Tables74– Figures176 – Pages View more detailed TOC @https://www.marketsandmarkets.com/Market-Reports/micro-displays-market-430.htmlMarket for OLED technology expected to grow at highest CAGR from 2018 to 2024”Vendors demand small form factor microdisplays with enhanced features, such as high-power efficiency, faster response, and better contrast.
Initially, there were a limited number of players offering OLED microdisplays in the market; however, as the demand for OLED microdisplays is increasing readily, companies are focusing on R and commercialization of OLED displays.