Press release
Virtual Retinal Display Market Size, Status and Global Outlook 2020 to 2025
The Virtual Retinal Display market was valued at USD 5.3 million in 2019and is expected to reach USD 33.12 million by 2025, at a CAGR of 42.62% over the forecast period 2020- 2025
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Key Market Players:
Avegant Corporation, Magic Leap Inc., QD Laser Co. Ltd, Texas Instruments Inc., OmniVision Technologies Inc., Himax Technologies Inc., Movidius Inc. (Intel Corporation), Analogix Semiconductor Inc., Human Interface Technology Laboratory and Other
Industry News
June 25, 2019: QD Laser, Inc. (Head office: Kawasaki City, Kanagawa Prefecture; President: Mitsuru Sugawara, hereinafter referred to as QD Laser) has succeeded in developing an innovative new retinal scanning laser displays by utilizing QD Laser’s proprietary retinal scanning projection technology. At the LASER World of PHOTONICS 2019 (Munich, Germany, June 24-27, 2019), two world premier prototypes will be exhibited and demoed.
Key Market Trends
Virtual Reality and Augmented Reality are Gaining Surging Demand from the Entertainment Industry
- Virtual reality and augmented reality are gaining increasing demand from the entertainment industry. The augmented reality technology is being mainly used in games and animations onto the real world, using new retinal display systems.
- In the entertainment industry, eyewear glasses are used in 3D cinemas. However, in the recent days, these are being replaced with smart glasses, for improved cinema experience for audience. Smart glasses are also being used for a virtual reality cinema experience.
- Avegant and Magic Leap have entered the market through this segment, due to high demand and purchasing propensity. Today's tech-savvy generation demands the most innovative gaming and media solutions, along with the most immersive experiences. As a result, terms, such as personal theatre have been coined by companies, to commercialize various solutions.
North American Segment Dominates the Virtual Retinal Display Market
- The United States is one of the early adopters of virtual retinal display technology, because of which, the North American segment dominates the market studied. In addition, the rapid demand for augmented reality and virtual reality in the region is expected to drive the segments growth, over the forecast period.
- Notably, owing to the exceptional benefits from virtual retinal display, such as light weight, larger angle of view, higher resolution, and sufficient contrast and brightness ratio, a few startups are raising funds, to boost the R&D and commercialization of the product.
- For instance, in August 2018, a Florida-based startup, Magic Leap, raised USD 2.3 billion. This funding is expected to bolster the R&D of virtual retinal display products, thus bolstering the growth of the regional market, and also compelling other companies to invest and garner larger shares, in the nascent market.
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The market factors explained in the report:
Market Overview: It includes Virtual Retinal Display Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.
Executive Summary: The Virtual Retinal Display Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Regional Study: All of the regions and countries analyzed in the Virtual Retinal Display Market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.
Key Players: This part of the Virtual Retinal Display Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.
Market Forecast: Here, the report offers a complete forecast of the global Virtual Retinal Display Market by product, application, and region. It also offers global sales and revenue forecasts for all years of the forecast period.
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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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