Microdisplay Market To Reach USD 7.1 Billion By 2027 | CAGR 23.6% - Forencis Research

Microdisplay Market Size, Share, Trends, Growth, Analysis, Research

Global Microdisplay Market: Key Highlights

  • According to the new market research report “Microdisplay Market by Technology (Organic Light Emitting Diode (OLED), Liquid Crystal on Silicon (LCoS), Liquid Crystal Display (LCD), Digital Light Processing (DLP), Digital Micromirror Devices (DMD), and Others), by Product (Projectors, Near-to-Eye Devices, Head-Mounted-Display (HMD), Head-UP Display (HUD), EVF Cameras, and Others), by End User (Automotive, Consumer Electronics, Sports, Media & Entertainment, Aerospace & Defense, Education, Healthcare, Others) by Region (North America, Asia-Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2019 to 2027)”, the global microdisplay market is estimated to reach USD 7.1 Billion by 2027 at a CAGR of around 23.6% during the review period
  • Microdisplay is a compact sized display with less than a quarter inch diagonal. This is an user configurable technology with high resolution and high pixel density that is widely used in smart bands, smart glasses, and smart watches to show high quality images with high contrast ratio
  • Microdisplay technology is used to provide bright and highly effective visuals that make it suitable to use in various handheld devices

Microdisplay Market

Global Microdisplay Market: Key Market Dynamics

  • The key players in the market are continuously expanding through various strategic developments, mergers & acquisitions, innovations, and increasing investment in R&D for more cost effective product
  • Increasing demand for AR/VR headsets and smart glasses and increasing demand for projectors in educational institutes are expected to drive the market during the forecast period
  • However, high product cost and low picture quality at high temperature is anticipated to hamper the market during upcoming years
  • Growing use of microdisplays in aerospace and defense industries will become an opportunity for microdisplay market

Global Microdisplay Market: Regional Overview

  • North America

North America is expected to grow at faster rate during forecast period due to early adoption of wireless and display technologies. US and Canada are expected to drive the microdisplay market in North America due to high disposable personal income, fastest growing network infrastructure, and growing semiconductor industry. In recent years, North American government and private companies in North America are heavily invested in manufacturing technology development and infrastructure development. Increasing military and defense industry in North America due to counter terrorism and homeland security, the microdisplay market in North America will increase during forecast period.    

  • Asia-Pacific

Asia-Pacific region is expected to hold the largest market share during the forecast period. Continuously growing consumer electronics market in China, japan, and India and constantly growing market for AR and VR technology is helping the growth of microdisplay market in this region. LG Display and Sony Corporation are investing millions of dollars in research and development of Microdisplay technology to enter in provision of AR and VR head mounted display devices. Moreover, presence of semiconductor industries and increasing population is expected to drive the market in Asia-Pacific region.    

Global Microdisplay Market: Key Players Overview

  • Texas Instruments Incorporated:

Texas Instruments Incorporated operates in manufacturing and design of semiconductor solutions for digital and analog embedded and application processing. It operates through the following two segments: Analog & Embedded Processing. Embedded Processing segment is designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. The Analog segment semiconductors change real-world signals such as pressure, sound, and temperature by conditioning them, amplifying them to a stream of digital data that can be processed by other semiconductors. The company provide DLP Pico products and light control designs. In 2017, The company launched high-performing DLP display technology with virtually any low-cost processor for mobile smart TVs, digital signage, projection displays for smart homes, and Pico projectors.

  • Sony Corporation:

Sony Corporation engages in the development, design, manufacture, and sale of electronic equipment, instruments, devices, game consoles, and software for consumers, professionals and industrial markets. It operates through nine business segments: home entertainment and sound, game and network services, imaging products and solutions, music, pictures, mobile communications, semiconductors, financial services, and all others. Sony Semiconductor Solutions Microdisplay is suitable for display engine for AR/VR glasses and EVF (Electrical View Finder) for digital still cameras. In May 2018, Sony launched 0.5-type microdisplay with Top-of-Class UXGA Resolution for AR and VR applications

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Rep Id : SC 048

Published : 2020-07-02