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The Drivers And Opportunities For The Microdisplay Market

The global microdisplay market size is projected to grow from USD 712 million in 2020 to USD 3,609 million by 2025; it is expected to grow at a CAGR of 38.4% from 2020 to 2025.<br><br> Factors such as compact size and technological advancements in microdisplays, increased adoption of HMD in several industries, escalated demand for OLED microdisplays, and increased global adoption of advanced driver-assistance systems (ADAS) & HUD are driving the growth of the market during the forecast period.

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The Drivers And Opportunities For The Microdisplay Market

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  1. MarketsandMarkets Presents Microdisplay Market by Product (HMD, HUD, EVF, Projector), Technology (OLED, LCoS, LCD, DLP), Resolution, Brightness, Industry (Consumer, Industrial/Enterprise, Aerospace, Automotive, Retail, Entertainment, Medical), and Region - Global Forecast to 2025 The global microdisplay market size is projected to grow from USD 712 million in 2020 to USD 3,609 million by 2025; it is expected to grow at a CAGR of 39.4% from 2020 to 2025

  2. MarketsandMarkets Presents LCoS to hold the largest market share during the forecast period The LCoS segment is estimated to account for the largest share of the microdisplay market in 2020. Cameras/EVF and projectors are the leading products wherein LCD & LCoSmicrodisplays are increasingly being used owing to their relatively low costs and simple manufacturing processes. Presently, LCoSmicrodisplay-based AR HMDs are offered by Magic Leap, Google, and Microsoft. With low-cost potential and high pixel density, LCoSmicrodisplays can play a crucial role in the overall growth of the AR HMD market during the forecast period. DLP technology is used worldwide in a wide variety of products, including tiny projectors, digital cinema projectors, and HUD. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=430 APAC to hold the largest market share between 2020 and 2025 APAC exhibits the highest demand for microdisplays, especially for use in products such as cameras/EVF, projectors, and HUD. The APAC microdisplay market growth can be attributed to rapid industrialization, as well as the presence of a large number of OEMs and consumers. Consumer, industrial & enterprise, automotive, and military, defense & aerospace are the leading industries in APAC that contribute significantly to the growth of the microdisplay market.

  3. MarketsandMarkets Presents Japan to account for a larger share of the microdisplay market in 2020 Japan is estimated to account for a major share of the microdisplay market in 2020. The growth of the market in Japan can be attributed to the prominent presence of key vendors of cameras/EVF and projectors in the country. Japan-based vendors hold the majority of the share of the global camera market, while they hold a share of ~50% of the global projector market. Moreover, China is expected to be the key factor leading to a decline in average selling prices (ASP) of microdisplays during the forecast period owing to the presence of microdisplay manufacturing facilities in the country.

  4. MarketsandMarkets Presents HMD segment of microdisplay market for medical to grow at highest CAGR from 2020 TO 2025 The healthcare sector has witnessed rapid technological advancements over the years, and various kinds of advanced imaging equipment have been introduced in the market for use in healthcare applications. The healthcare sector has been one of the most important and practical applications of AR in the current market scenario, wherein 3D technology is used to generate 3D images of the affected body parts.

  5. MarketsandMarkets Presents key players in the microdisplay market. Sony Corporation (Sony Semiconductor Solutions Corporation) (Sony) (Japan); Seiko Epson Corporation (Seiko Epson) (Japan); eMagin Corporation (eMagin Corporation) (US); Kopin Corporation (Kopin Corporation) (US); Yunnan OLiGHTEKOpto-Electronic Technology Co., Ltd. (OLiGHTEK) (China); Himax Technologies, Inc. (Himax) (Taiwan); HOLOEYE Photonics AG (HOLOEYE Photonics) (Germany); WiseChip Semiconductor Inc. (WiseChip) (Taiwan); RaystarOptronics., Inc. (RaystarOptronics) (Taiwan); and WINSTAR Display Co., Ltd. (WINSTAR) (Taiwan)

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

  7. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. AashishMehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441

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