Microdisplay Market is projected to reach a value of over USD 7.1 billion by 2027

MICRODISPLAY MARKET: Summary

The Global Microdisplay Market is projected to reach a value of over USD 7.1 billion by 2027 at a CAGR of around 23.6%.

Microdisplays are small display units which consists of micro screen resolution and micro screen size. Their small size enables to be used in wide variety of applications that require small spaces such as head mounted displays, digital cameras, projectors, and many other devices. A microdisplay is describe by its power consumption and screen resolution. A good level of microdisplay consists of high resolution with low power consumption. The power consumed by a microdisplay is usually measured in terms of mill watts of energy.

MICRODISPLAY MARKET: Drivers & Opportunities

Market Driver:

  • Increasing Adoption of AR and VR Headsets and Smart Glasses

Virtual Reality and Augmented Reality technologies are getting ready to fulfill the daily demand of end-users and try to bridge the gap between real and artificial worlds. VR and AR are the key fields of communication technology and new generation information which contains huge industry potential, large application space, and wide technological support. Increasing adoption of online gaming and need for high definition videos are expected to drive the AR VR headsets market which is expected to boost the microdisplay market during the forecast period. Seiko Epson Corporation, is using microdisplay technology to create new modes and tools of visual communication such as Moverio. Enhancement in artificial intelligence technology and need in education field for teaching & training, are expected to increase the market during upcoming years.

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Market Opportunity:

  • Growing Use of Microdisplays in Aerospace & Defense Industries

Growing use of LCD, LED, and OLED microdisplay is expected to become an opportunity for the microdisplay market during forecast period. Helmet mounted displays are expected to boost the market of microdisplay market in the aerospace and defense industry. The manufacturers such as eMagin and Kopin are key providers of microdisplays for helmet mounted displays to provide pilots for greater accuracy, flexibility, and for receiving brighter data on display to maintain situational awareness in extreme operating environments.

MICRODISPLAY market: Key segments

  • Based on technology: Organic Light Emitting Diode (OLED), Liquid Crystal on Silicon (LCoS), Liquid Crystal Display (LCD), Digital Light Processing (DLP), Digital Micromirror Devices (DMD), and Others

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MICRODISPLAY MARKET: Report SCOPE

The report on the microdisplay market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2019

Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Product Type, Resolution, and End User

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

  • Sony Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

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MICRODISPLAY MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Microdisplay Market, by Technology

  • Organic Light Emitting Diode (OLED)

Microdisplay Market, by Product

  • Projectors

Microdisplay Market, by End User

  • Automotive

Microdisplay Market, by Region

  • North America

Key Questions answered by the report

  • What are the prominent developments affecting the market worldwide and its growth?

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL MICRODISPLAY MARKET BY TECHNOLOGY, Market Size in USD Million (2019–2027)

7 GLOBAL MICRODISPLAY MARKET BY PRODUCT, Market Size in USD Million (2019–2027)

8 GLOBAL MICRODISPLAY MARKET BY END USER, Market Size in USD Million (2019–2027)

9 GLOBAL MICRODISPLAY MARKET BY REGION, Market Size in USD Million (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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