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Microdisplays Market By Technology (LCoS, LCD, DMD, DLP, OLED, Others), Type (Near-to-eye and Projection) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Rising demand for augmented reality (AR) devices is expected to fuel the demand for microdisplays throughout the forecast period from 2018 to 2020.

The global market for microdisplays is expected to reach US$ 4,250.5 million by 2026, growing at a CAGR of 22.5% from 2018 to 2026. The global market for microdisplays has observed significant growth in the last decade with continuous advancements in technology. Advantages of microdisplays, such as compact size, low power consumption, and ultra-high brightness compared to conventional direct-view displays. Microdisplays have huge potential in head-mounted and head-up display technologies. Rising production demand for head-mounted displays from defense, consumers, entertainment, automotive, research, and medical applications represents a positive factor for the growth of microdisplays. In addition, the rising demand for advanced driver assistance systems is also expected to increase the demand for microdisplays throughout the forecast period. Moreover, increasing demand for smart electronic devices such as smartphones and smart glasses is also fueling the demand for microdisplays.

Market Synopsis

Asia Pacific is the fastest-growing market for microdisplays.

Currently, the global microdisplay market is dominated by North America, with its increasing investment in the defense sector. The demand for microdisplays is rising at a considerable rate, with rising demand for advanced head-up and mounted devices from the defense sector. In addition, the changing outlook of the traditional education system and the increasing use of ICT technologies are also expected to spur the demand for microdisplays in the region. Asia-Pacific is expected to witness the fastest growth throughout the forecast period. In Asia Pacific, China and Japan are the most promising markets for microdisplays. With rising smartphone production and countries increasing investment in advanced solutions such as head-up and mounted displays, China is expected to be the most promising market for microdisplays.

The global microdisplay market is dominated by LCD technology.

The global microdisplay market was dominated by LCD technology and accounted for half of the revenue share in the overall market. The segment is expected to maintain its dominating position throughout the forecast period with its increasing demand from head-up and head-mounted displays, wearable devices, thermal imaging glasses, and EVFs. Liquid crystal on silicon (LCoS) is another major technology in the microdisplay market and is preferred by several manufacturers due to its high energy, brightness, contrast, and heating efficiency. OLED technology is expected to witness the fastest growth due to its benefits, such as low power consumption, better contrast, and a faster refresh rate. However, the high cost of OLED technology is limiting its adoption in many applications.

Microdisplay manufacturers are looking forward to capturing opportunities by investing in emerging technologies.

Most of the prominent microdisplay manufacturers are based in developed markets such as the U.S., Europe, and Japan, and the global market is dominated by these prominent players. Manufacturers are increasingly investing a significant amount in emerging technologies such as microLED and organic LED (OLED). However, manufacturers from China and Taiwan are looking to expand their footprints in the global market. Some major players in the global microdisplay industry include LG Display Co. Ltd., eMagin Corporation, AU Optronics Corp., Universal Display Corporation, KopIn Corporation Inc., Himax Technology Inc., Micron Technology Inc., Microvision Inc., Syndiant Inc., Sony Corporation, and others.

Why is it recommended to invest in our microdisplay market research study?

The research report on the microdisplay market covers a detailed analysis of market drivers, restraints, and trends. This research study also provides an in-depth analysis of different technologies, types, and applications of microdisplays. The research study identifies key technology and regional trends in the global microdisplay industry. The report also includes quantitative as well as qualitative analysis of all the segments and sub-segments covered in the scope of the study.

This study focuses on key opportunity segments in the global microdisplays market. High-level analysis, such as market positioning of major players, value chain analysis, and market attractiveness analysis, helps readers understand market competition and formulate winning market strategies. The report also profiles major players in the industry, including their recent developments, strategies, product portfolio, and overview of financials for the last three years. The microdisplay market is segmented into the following categories:

Periods of History and Forecast

2016 is a Historic year.

2017: Base Year

2018-2026: Forecast Period (CAGR from 2018 to 2026)

Key questions are answered in this report.

  • What is the size of the global market for microdisplays?
  • What are the major opportunity areas in the global microdisplays market?
  • Which market trends and dynamics are driving the growth of the global microdisplay industry?
  • Who are the major players, and their market-winning strategies in the global microdisplay industry?
  • Who are the major customers for microdisplay providers?
  • Which is the largest and most potential application segment for microdisplays?
  • Who are the major regional leaders?

Frequently Asked Questions:

The market for Microdisplays Market is expected to reach US$ 4,250.5 Mn by 2026.

The Microdisplays Market is expected to see significant CAGR growth over the coming years, at 22.5%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

eMagin Corporation, AU Optronics Corp., Universal Display Corporation, KopIn Corporation Inc., Himax Technology Inc., Micron Technology Inc., Microvision Inc., Syndiant Inc are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2019
Category:  Semiconductor & Electronics
Report ID:   59527
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
Delivery Time: 24 Hours to 48 Hours   
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