Microdisplay Market to 2022 ( 22.6% of CAGR Anticipated) Dominating Industry Players Profiled in the Study eMagin Corporation, Universal Display Corporation, AU Optronics Corp, KopIn Corporation Inc.,Micron Technology Inc., Himax Technology Inc., LG Displ

The global microdisplay market is expected to garner $3 billion by 2022, registering a CAGR of 22.6% during the period 2014-2022, according to a report, published by Allied Market Research North America dominates the global market, accounting for more than 50% revenue share of the overall microdisplay market, followed by Asia-Pacific.

Download Sample Report - www.alliedmarketresearch.com/request-sample/1757?utm_source=P17414_OPR

LCD technology is the leading segment in the global microdisplay industry and is expected to maintain this trend throughout the forecast period. Currently, high resolution and excellent picture quality, low power consumption, and compact size are some of the key driving factors of the market. However, liquid crystal on silicon (LCoS) segment is expected to witness significant growth in the future, owing to its compact size and enhanced efficiency.

Among various types, projection type segment is projected to maintain its lead in the overall microdisplay market, as these microdisplays are used in a smartphone for the display with minimum pixel variations. Moreover, North America region is the major revenue contributor in this particular segment due to the increasing demand for projected display in military & defense.

For Purchase Inquiry - www.alliedmarketresearch.com/purchase-enquiry/1757?utm_source=P17414_OPR

The major demand is driving from several countries such as the U.S. and Mexico. Moreover, the increasing number of Near-To-Eye (NTE) applications in consumer electronics such as smart glasses and the head-mounted display is expected to provide huge opportunities for the market.

Among application segments, military & defense segment dominated the global microdisplay market in 2014, accounting for 31% share. Proactive government initiatives to establish advanced technology and helmet mounted display have further fueled the market growth. However, consumer electronics is anticipated to be the most lucrative application segment and is expected to grow at the highest CAGR of 25% during the forecast period. This is attributed to an increase in demand for augmenting reality applications.

Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/1757?utm_source=P17414_OPR

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.