Global Market for Microdisplays is Anticipated to grow at a Significant Pace i.e., USD 3756 Million during the Forecast Period 2021-2027

Published Date: Aug, 2021

The global microdisplays market is expected to witness a CAGR of 38.2% during the forecast period 2021-2027. High resolution, user-configurability technology, high pixel density, low power consumption, and compact size have led to the increasing use of microdisplays in military & defense, consumer electronics, and medical applications, resulting in significant growth of the global microdisplay market during the forecast period. The increasing demand for microdisplays in wearable devices, surging demand for AR devices in the medical field, rising demand for OLED microdisplays, increasing adoption of HMD in different industries, are the factors driving the growth of the global microdisplay market. However, high cost, low picture quality at high temperature, a saturation of markets for digital cameras and projectors are acting as a restraint that will hamper the growth of the microdisplays market. Nevertheless, the surging demand for medical displays, rising demand for near-to-eye (NTE) applications in consumer electronics such as head-mounted displays and smart glasses, and adoption of microdisplays in the aerospace and defense sector are anticipated to provide lucrative opportunities for the growth of the global microdisplay market.

The COVID-19 pandemic has led to a complete lockdown along with social distancing norms resulting in a decrease in the demand for cameras/EVF, projectors, HUD, and HMD in the global microdisplay market due to some sectors such as consumer and automotive industries which are severely affected by the pandemic.  

Browse 63 market data Tables and 47 Figures spread through 250 Pages and in-depth TOC on " Microdisplays Market by Product (Near-to-Eye Display Devices (NTE), HUD, and Others), by Technology (OLED, LCD, LCoS, and DLP ), by Resolution (1920×1080 and >1920×1080, 1024×768 and 1280×1024, 800×600, 800×480, and 854×480, <640×480 and 640×380, <640×480 and 640×380), by Brightness (Less Than 500 Nits, 500 to 1,000 Nits, and More Than 1,000 Nits), by Industry (Consumer, Industrial & Enterprise, Automotive, Military, Defense, and Aerospace, Sports & Entertainment, Retail & Hospitality, Medical, Education, and Others), and Region - Global Forecast to 2027"

Based on industry, consumer electronics is the largest category.

Consumer electronics is anticipated to have the highest growth during the forecast period in the microdisplay market owing to the rising demand for smart glasses, smartphones, and smartwatches. Furthermore, the rising trend of VR gaming and the miniaturization of electronic devices will have a positive impact on the growth of the microdisplays market.

Global Microdisplays Market Segmentation Analysis

Segment

Categorization

Leading Category

Product

Near-to-Eye Display Devices (NTE), HUD, and Others

NTE (Largest)

HUD (Fastest)

Technology

OLED, LCD, LCoS, and DLP

LCD (Largest)

OLED (Fastest)

Resolution

1920×1080 and >1920×1080, 1024×768 and 1280×1024, 800×600, 800×480, and 854×480, <640×480 and 640×380, <640×480 and 640×380

1920×1080 and >1920×1080 (High CAGR)

Brightness

Less Than 500 Nits, 500 to 1,000 Nits, and More Than 1,000 Nits

Less Than 500 Nits (Largest)

More Than 1,000 Nits (Fastest)

 

Industry

Consumer, Industrial & Enterprise, Automotive, Military, Defense, and Aerospace, Sports & Entertainment, Retail & Hospitality, Medical, Education, and Others

Consumer (Largest)

Military (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

 

Discover More About This Report, Download A Free Sample Copy of Global Microdisplays Market

“APAC dominates and will hold the largest market share during the forecast period 2021-2027”

APAC is anticipated to be the biggest microdisplay market due to the presence of a large number of original equipment manufacturers (OEMs), technological advancements in microdisplay technologies, and varying end-user behavior.

Some of the major players in the global microdisplays market include Sony Corporation, Seiko Epson Corporation, eMagin, Kopin Corporation, Yunnan OLiGHTEK Opto-Electronic Technology Ltd, Himax Technologies, Inc, Syndiant, UNIVERSAL DISPLAY, AU Optronics Corp., and Micron Technology, Inc.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Product, Technology, Resolution, Brightness, Industry, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Sony Corporation, Seiko Epson Corporation, eMagin, Kopin Corporation, Yunnan OLiGHTEK Opto-Electronic Technology Ltd, Himax Technologies, Inc, Syndiant, UNIVERSAL DISPLAY, AU Optronics Corp., and Micron Technology, Inc.

Global Microdisplays Market Coverage

Product Insight and Forecast 2015-2027

  • Near-to-Display Devices (NTE)
  • HUD
  • Others

Technology Insight and Forecast 2015-2027

  • OLED
  • LCD
  • LCoS
  • DLP

Resolution Insight and Forecast 2015-2027

  • 1920×1080 and >1920×1080,
  • 1024×768 and 1280×1024
  • 800×600, 800×480, and 854×480
  • <640×480 and 640×380
  • <640×480 and 640×380

Brightness Insight and Forecast 2015-2027

  • Less than 500 Nits
  • 500 to 1,000 Nits
  • More Than 1,000 Nits

Industry Insight and Forecast 2015-2027

  • Consumer
  • Industrial & Enterprise
  • Automotive
  • Military, Defense, and Aerospace
  • Sports & Entertainment
  • Retail & Hospitality
  • Medical
  • Education
  • Others

Geographical Segmentation

Microdisplays Market by Region

North America

  • By Product
  • By Technology
  • By Resolution
  • By Brightness
  • By Industry
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product
  • By Technology
  • By Resolution
  • By Brightness
  • By Industry
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Product
  • By Technology
  • By Resolution
  • By Brightness
  • By Industry
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product
  • By Technology
  • By Resolution
  • By Brightness
  • By Industry
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

 

 

Our Industry
Global Market for Microdisplays is Anticipated to grow at a Significant Pace i.e., USD 3756 Million during the Forecast Period 2021-2027