According to IMARC Group's latest research report, titled "Microdisplay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", presents a comprehensive analysis of the industry, covering microdisplay market share, opportunity, overview, statistics size, trends, demand, and growth prospects. The report also provides competitor and regional analysis and showcases the contemporary advancements in the global market.
How big is the Microdisplay Market?
The global microdisplay market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.
What is Microdisplay?
Microdisplays refer to small-sized screens that have a diagonal size of less than two inches. They are commonly used in head-up displays (HUDs), rear-projection televisions (TVs), head-mounted displays (HMDs), data projectors, near-to-eye (NTE) devices, etc. Microdisplays can either be reflective or transmissive. They also offer numerous advantages, such as high resolution, compact size, excellent picture quality, low power consumption, super extended graphics array (SEGA) for improved angle viewing and brightness, etc. Consequently, microdisplay systems find wide-ranging applications in several sectors, including automotive, aerospace, media and entertainment, retail, hospitality, healthcare, education, etc.
Get Free Sample Copy of Report at – https://www.imarcgroup.com/microdisplay-market/requestsample
What are the Growth Prospects and Trends in the Microdisplay Market?
The inflating popularity of augmented reality and virtual reality solutions and the increasing need for medical screens are among the key factors driving the microdisplay market. In addition to this, the introduction of high-definition and ultra-high-definition product variants by leading manufacturers is acting as another significant growth-inducing factor. Moreover, the growing consumer inclination towards organic light emitting or OLED microdisplays, owing to their various advanced features, such as higher contrast, faster response time, thinner screens, a vast range of operating temperatures, etc., is catalyzing the market growth. Apart from this, the rising usage of these displays in the defense sector for real-time monitoring is also bolstering the global market. Additionally, the escalating demand for lightweight and compact VR glasses for electronic viewfinders (EVF) and AR smart glasses for logistics applications is further stimulating the market growth. Besides this, the widespread adoption of advanced driver assistance systems (ADAS) and head-up display (HUD) in automobiles is anticipated to fuel the microdisplay market over the forecasted period.
Who are the key Players Operating in the Industry?
Kopin Corporation
Himax Technologies Inc,
eMagin Corporation
WiseChip Semiconductor Inc
Microtips Technology
LLC
Universal Display Corporation
Sony Semiconductor Solutions Corporation
Micron Technology Inc.
LG Display Co. Ltd.
Seiko Epson Corporation
Yunnan Olightek Opto-Electronic Technology Co. Ltd
Jasper Display Corp.
What is included in Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
Near-To-Eye (NTE) Devices
Head-Up Display (HUD)
Projector
Others
Breakup by Technology:
Liquid Crystal Display (LCD)
Liquid Crystal on Silicon (LCOS)
Organic Light-Emitting Diode (OLED)
Digital Light Processing (DLP)
Breakup by Resolution:
Lower Than HD
HD
FHD
Higher Than FHD
Breakup by Brightness:
Less Than 500 Nits
500–1,000 Nits
More Than 1,000 Nits
Breakup by End-User:
Consumer
Industrial and Enterprise
Automotive
Military, Defense, and Aerospace
Sports and Entertainment
Retail and Hospitality
Medical
Education
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Comments