The Global Microdisplay Market is projected to reach a value of over USD 7.1 billion by 2027 at a CAGR of around 23.6%.
Microdisplays are small display units which consists of micro screen resolution and micro screen size. Their small size enables to be used in wide variety of applications that require small spaces such as head mounted displays, digital cameras, projectors, and many other devices. A microdisplay is describe by its power consumption and screen resolution. A good level of microdisplay consists of high resolution with low power consumption. The power consumed by a microdisplay is usually measured in terms of mill watts of energy.
Market Driver:
Virtual Reality and Augmented Reality technologies are getting ready to fulfill the daily demand of end-users and try to bridge the gap between real and artificial worlds. VR and AR are the key fields of communication technology and new generation information which contains huge industry potential, large application space, and wide technological support. Increasing adoption of online gaming and need for high definition videos are expected to drive the AR VR headsets market which is expected to boost the microdisplay market during the forecast period. Seiko Epson Corporation, is using microdisplay technology to create new modes and tools of visual communication such as Moverio. Enhancement in artificial intelligence technology and need in education field for teaching & training, are expected to increase the market during upcoming years.
Market Opportunity:
Growing use of LCD, LED, and OLED microdisplay is expected to become an opportunity for the microdisplay market during forecast period. Helmet mounted displays are expected to boost the market of microdisplay market in the aerospace and defense industry. The manufacturers such as eMagin and Kopin are key providers of microdisplays for helmet mounted displays to provide pilots for greater accuracy, flexibility, and for receiving brighter data on display to maintain situational awareness in extreme operating environments.
The report on the microdisplay market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Product Type, Resolution, and End User |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Microdisplay Market, by Technology
Microdisplay Market, by Product
Microdisplay Market, by End User
Microdisplay Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MICRODISPLAY MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain