openPR Logo
Press release

Microdisplay Market to Reach $3 Billion, Globally by 2022 | Global Opportunity Analysis and Industry Forecasts

02-21-2019 04:01 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Microdisplay Market to Reach $3 Billion, Globally by 2022 |

LCD technology is the leading segment in the global market, 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.

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

Get Sample Report@ https://www.alliedmarketresearch.com/request-sample/1757?utm_source=OP&utm_medium=Pra

Among various types, projection type segment is projected to maintain its lead in the overall microdisplay market, as these microdisplay are used in smart phone 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. 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 head mounted display is expected to provide huge opportunities to 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 increase in demand for augment reality applications.

North America accounted for majority of the revenue in 2014, and is expected to maintain its dominance throughout the forecast period. This is attributed to rising expenditure in military & defense and increasing number of smart gadgets leading to surge in demand for microdisplay. Moreover, advancements in consumer electronic such as smart watches, smart bands, and smart glasses would boost the microdisplay market, especially in Asian countries such as China, Japan, South Korea, and Taiwan.

Asia-Pacific is expected to be the fastest growing region throughout the analysis period owing to the increase in demand from the consumer electronics and automotive applications. Furthermore, increase in IT expenditures in several countries including China, Japan, and South Korea has fueled the market growth. Moreover, technological advancements to overcome pixel distortion in microdisplay is anticipated to offer lucrative opportunities.

Key Findings of Microdisplay Market Study:
•In 2014, LCD segment dominated the overall microdisplay market in terms of revenueand is projected to grow at a CAGR of 22.6% during the forecast period.
•Projection segment is estimated to grow at a CAGR of 23%.
•Consumer electronics segment is expected to exhibit the fastest growth, owing to increase in applications of microdisplay in various devices for instance, smart bands and smart glasses.
•South Korea is the major shareholder in the Asia-Pacific microdisplay market, accounting for about 34% share.

Make Purchase Enquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/1757?utm_source=OP&utm_medium=Pra

The key players in the microdisplay market have focused on expanding their business operations in the fast-growing emerging countries with new product launch as the preferred strategy. The major players profiled in this report include eMagin Corporation, Universal Display Corporation, AU Optronics Corp, KopIn Corporation Inc., Micron Technology Inc., Himax Technology Inc., LG Display Co. Ltd, Microvision Inc., Sony Corporation, and Syndiant Inc.

About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Microdisplay Market to Reach $3 Billion, Globally by 2022 | Global Opportunity Analysis and Industry Forecasts here

News-ID: 1607853 • Views: 669

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Corp

Homeland Security Market Outlook - Post COVID-19 Scenario | IBM Corp, Lockheed M …
The homeland security market in Asia-Pacific region is projected to grow at significant rate during the forecast period, owing to increasing number terrorist activities, territorial wars, political unrest, protests, and government inclination towards police modernization in countries including India, Japan, China, and Sri Lanka. North America accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period due to heavy investment
3D TV Market Is Thriving Worldwide | LG Corp, Samsung, Sony Corp, Sharp Corp, To …
HTF MI recently introduced Global and India 3D TV Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are LG Corp, Samsung, Sony Corp, Sharp Corp, Toshiba Corp,
Global 3D Televisions Market Key Manufacturers: Samsung, LG Corp, Sony Corp, Sha …
Qyresearchreports include new market research report Global 3D Televisions Market Research Report 2018 to its huge collection of research reports. This report studies the global 3D Televisions market status and forecast, categorizes the global 3D Televisions market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The global 3D Televisions market
Global 4K Digital Signage Market 2018 - Sharp Corp., Sony Corp., JVC Kenwood Cor …
Apex Market Reports, recently published a detailed market research study focused on the “4K Digital Signage Market” across the global, regional and country level. The report provides 360° analysis of “4K Digital Signage Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of 4K
3DTV Market 2017 - Samsung, LG Corp, Sony Corp, Sharp Corp
Apex Research, recently published a detailed market research study focused on the "3DTV Market" across the global, regional and country level. The report provides 360° analysis of "3DTV Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global 3DTV industry, and estimates the future trend of 3DTV market on the basis of this
3DTV Market 2017- Samsung, LG Corp, Sony Corp, Sharp Corp
3DTV Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors. 3D television (3DTV) is television that conveys depth perception to the viewer by employing techniques such as stereoscopic display, multi-view display, 2D-plus-depth, or any other form of 3D display. Most modern 3D television sets use an active shutter 3D system or