Microdisplay Market – Size, Outlook, Trends and Forecast (2024

Microdisplay Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A microdisplay is a type of display, which has a very small screen of usually less than two inches diagonal. These displays may be reflexive or transmissive depending upon the way light is allowed to pass through the display unit. Their small size enables them to be used in wide variety of applications that require a screen which will take up small space like rear-projection, Televisions, and head-mounted displays. The benefits concerning microdisplays include low power consumption, better image quality, and high integration.

Microdisplay Market Size & Growth:

The Microdisplay Market size is projected to reach approximately $ XX Billion by the end of 2024 with a CAGR close to X% from $XX Billion in 2018 during the forecast timeline 2018-2024. The Key factors that drive the growth of the market include rising demand for portable devices such as HUD & HMD, high resolution & excellent picture quality, increasing applications of microdisplays, low power consumption and others. The major opportunities that influence the market growth of microdisplays include increasing demand for high-resolution microdisplays, increasing number of near-to-eye applications and others. The high resolutions are used in microdisplays to enable excellent picture quality without any change in the subpixels. These displays are also used in health tracer to provide real-time monitoring. Raising economic growth along with inclining personal

Microdisplay Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

disposable incomes are expected to intensify the market growth of microdisplay market.

Microdisplay Market Share:

Various parameters divided the Microdisplay market. By the Product Type, they are divided into projection devices and NTE Display Devices. As the projection devices are again categorised into pico-projectors, data projectors and the NTE displays are again divided into EVF, HMD, and Others. Among them NTE Displays have the largest market, owing to increasing adoption of AR glasses in the industrial and enterprise application for providing on-the-job training to the warehouse management, field workers, and inception activities among others. By the technology, they are divided into OLED, DLP, LCOS, LCD and others. Among them OLED has the largest market owing to increasing demand for microdisplay devices with enhanced features such as higher power efficiency, more clearness, and faster response. From the Application, they are divided into Commercial, medical, automotive, education, consumer appliances, military, industrial and others. Among them, consumer electronics has the largest market share owing to rapid advancement in technology and increasing adoption of microdisplays in consumer electronics. By Geography, North America Countries such as U.S. and Canada has the largest market owing to increasing demand for projectors by educational institutes and growing usage of advanced technologies in that region.

Microdisplay Market Trends:

Samsung may acquire Micro-LED Company Play-Nitride to switch its

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Microdisplay Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

wearable devices from an OLED display to next-generation Micro-OLED displays.

OLED Microdisplays an advanced virtual and augmented reality smart glasses of today and tomorrow have become immensely popular around the globe.

Microdisplay Market Research Reports:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Identify the latest developments, market shares and strategies that are employed by the major market players, such as

Holoeye Photonics AG.
Micro Technology, INC
Sony Corporation
Seiko Epson Corporation
LG Display, Co. LTD

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Microdisplay market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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