Microdisplay Market to rise at a CAGR of 22.3% by 2027 – TMRAccording to a new research report on the global microdisplay market published by Transparency Market Research (TMR) the global microdisplay market is expected to reach value of US$ 5782.6 Mn by 2027, expanding at a CAGR of 22.3% from 2019 to 2027. According to the report, the global market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to continue to lead the global market, with the market in the region expanding at a CAGR of 24.8% between 2019 and 2027.
Want to know the obstructions to your company’s growth in future? Request a brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1094
Advantages Associated with the use of Microdisplays driving the Global Microdisplay Market
The global microdisplay market has witnessed strong growth over the last decade. One of the major drivers propelling the market is advantages associated with the use of microdisplays. Some of the significant features of microdisplay are high resolution and excellent image quality, low power consumption, and compact size. Generally, microdisplays are less than two inches in diagonal. In other words, their diagonal is approximately five centimeters. In addition, high-resolution microdisplays offer excellent viewing experience to users, which results in the increasing popularity of high-resolution display devices. These features allow the deployment of microdisplays in multiple applications ranging from consumer electronics to military, defense and aerospace. This, in turn, results in increasing popularity of microdisplays among manufacturers. This factor is likely to propel the global microdisplay market during the forecast period.
Global Microdisplay Market: Scope of Report
The global microdisplay market has been broadly segmented in terms of type, projection type, technology, end-use industry, and region. Based on type, the market has been segmented into reflective and transmissive. The transmissive segment was dominant, holding more than 50% share of the global market, in terms of revenue, in 2018. This can be attributed to the increasing penetration of LCoS and LCD technologies that the transmissive segment comprises. Furthermore, the segment is expected to expand at a significant CAGR of 21.3% during the forecast period. Growth of the transmissive segment is attributable to the large number of applications of transmissive microdisplays, which include near-to-eye displays (NEDs). In terms of projection type, the global microdisplay market has been divided into projection and near-to-eye displays. The near-to-eye displays (NEDs) segment is expected to expand at a high CAGR of 25.7% from 2019 to 2027, due to rising consumer inclination toward NED devices such as head-mounted displays and head-up displays. Based on technology, the market has been segmented into liquid crystal on silicon (LCoS), liquid crystal displays (LCDs), digital light processing (DLP), organic light-emitting diodes (OLEDs), and others. The OLEDs segment is anticipated to register the maximum CAGR of 25.3% during the forecast period. OLED displays are gradually replacing LCD displays in various devices including smart phones, smart watches, and television sets. This is primarily due to superior features of OLED displays compared to LCD displays such as wide viewing angles, large color gamut, and low power consumption. Based on end-use industry, the microdisplay market has been segregated into consumer electronics, health care, military, defense and aerospace, automotive, sports & entertainment, retail & hospitality, industrial, and others. The military, defense and aerospace segment is anticipated to dominate the global market during the forecast period. It held the maximum i.e. 29.80% of the market share in 2018.
Geographically, the global microdisplay market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Among regions, North America is anticipated to hold the maximum share of the global market, while the market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period. In 2018, North America accounted for 34.37% share of the global microdisplay market. This is attributable to early adoption of technologies and increasing adoption of microdisplays in the consumer electronics sector. Furthermore, the market in Asia Pacific is anticipated to expand at a high pace between 2019 and 2027, due to presence of leading players such as LG Display Co. Ltd., and Sony Corporation in the region.
Looking for exclusive market insights from business experts? Request a Custom Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1094
Global Microdisplay Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global microdisplay market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the prominent players operating in the global market are AU Optronics Corp, eMagin Corporation, Himax Technology Inc., KopIn Corporation Inc., LG Display Co. Ltd, Microvision Inc., Omnivision Technologies, Inc., Sony Corporation, Syndiant Inc., and Universal Display Corporation. Companies are focusing on expanding their business through strategic acquisitions and partnerships.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and BSTCconsultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 rise at a CAGR of 22.3% by 2027 – TMR here
News-ID: 2177662 • Views: 167
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
More Releases for CAGR
Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020