Micro Display Market Research Report (2023): Key Trends and Opportunities

1. Micro Display Market Foreseen To Grow Exponentially Over 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. Micro Display Market Industry Insights The "global microdisplay market Analysis to 2023" is a focused and in-depth study of the semiconductor industry with the global market trend analysis. Market Research Future's report on the global microdisplay market 2020 puts light from this overview by stating that in the past years, the market has seen remarkable growth. Still, now it can anticipate more and more expansion with the CAGR of 14%, with approximately USD 1.8 billion valuations throughout the years from 2017 to 2023 (forecast period). Top Impacting Factors The microdisplay is essentially a compact size display and has user-configurable technology with high resolution as well as high pixel density. The microdisplay is used widely in smart bands, smartwatches, and smart glasses to enable quality images and high contrast ratio. With this, it also offers super-extended graphics array (SEGA) resolution for better angle viewing and enhanced brightness. LCD, DLP, and LCoS have mostly used microdisplay technologies. In the current time, microdisplay finds its wide range of applications in military & defense for real time monitoring and faster performance. These features and its high-end use have motivated the market of it over the years. Most importantly, microdisplay is also being used in many medical devices in the current situation of COVID 19 widespread to detect patients positively affected through blood and cough samples. MRFR further describes factors such as low power consumption and compact size and high resolution and excellent picture quality, which has led to higher adoption of microdisplay in medical applications, military & defense, and consumer electronics. Consequently, owing to these benefits, the global microdisplay market shows a high possibility to expand rapidly in the future time frame. Additionally, more factors, such as rising demand for nanotechnology devices to detect micro-sized elements, are also estimated to support the growth of the market during the forecast period. Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4088 2 www.marketresearchfuture.com

3. Micro Display Market Moving forward, strong demand for microdisplays in Near-To-Eye (NTE) applications along with swelling use of these devices in HMDs and HUDs (Head-Up Displays) mainly in medical and automotive applications is also estimated to drive the market on the rapid note during the forecast period. On the contrary, factors such as high cost and low picture quality at high temperatures could restrain the market growth in the forecast period. Irrespective of the challenges, some emerging factors, such as a rising number of Near-To-Eye (NTE) applications in various consumer electronics, are estimated to provide enormous opportunities for the market in the future. Segmentation of Market: Micro-Display The global microdisplay market can be bifurcated over the segments of product, technology, and end-users. Among the technology segment, the market can be segmented into OLED, LCD, LCoS, and DLP. Among these, OLED acquired the largest market share, majorly owing to enhanced features and better power efficiency. Among the product segment, the market can be segmented into smart glasses, projectors, headsets, EVF, and HMD. Among the end-user segment, the market can be segmented healthcare, industrial, consumer electronics, defense, automotive, aerospace, commercial, and education. Regional Outlook Geographically, North America grasped the largest market share from countries such as the U.S. and Canada, among others. The reason for the growth is attributed to the rising demand for projectors by the educational institutes and growing usage of advanced technologies. The United States is likely to be one of the fastest-growing markets in the world for AR and MR in the coming years. Most of the giant companies are advancing in this technology. The prominent ones are Microsoft and Magic Leap, based in the United States. 3 www.marketresearchfuture.com

4. Micro Display Market Asia-Pacific region is also anticipated to surge over the assessment period, 2017-2023. The reason is attributed to the mounting demand for high-end technology and increasing the sale of consumer electronics such as Smartphones & tablets. Top Market Contenders The top players in the global microdisplay market are listed as Kopin Corporation (US), Seiko Epson Corporation (Japan), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), Himax Technologies, Inc. (Taiwan), WiseChip Semiconductor Inc. (Taiwan), RAONTECH (South Korea), Jasper Display Corp. (Taiwan), Syndiant (US), Dresden Microdisplay GmbH (Germany), Microtips Technology, LLC (US), MICROOLED (France), Microtips Technology, LLC (US), eMagin Corporation (US). Browse Full Report Details @ https://www.marketresearchfuture.com/reports/micro-display-market-4088 4 www.marketresearchfuture.com

5. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous- Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. 5 www.marketresearchfuture.com

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