openPR Logo
Press release

What Are the Evolving Opportunities for the Players in the Microdisplay Market?

07-29-2021 05:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

What Are the Evolving Opportunities for the Players in

The rising number of near-to-the-eye applications and increasing preference for advanced driver assistance systems (ADAS) that are integrated with heads-up displays (HUDs) are resulting in the rising sales of microdisplays. As a result, the microdisplay market, which valued $1.0 billion in 2019, is projected to grow to $4.0 billion by 2030, at a 13.4% CAGR during 2020–2030 (forecast period). As the name suggests, microdisplays are displays of rather small sizes that offer a high pixel density and resolution.

Get the Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/microdisplay-market-outlook/report-sample

The categories of the microdisplay market under the brightness segment are 1,000 nits. Among these, the >500 nits category held the largest share in 2019 because of the early adoption of low-brightness microdisplays in the military & defense, consumer electronics, and aerospace sectors. During the forecast period, the fastest growth will be seen in the >1,000 nits category due to the rising demand for augmented reality/virtual reality (AR/VR) devices. Additionally, high-brightness head-mounted displays (HMDs) are being increasingly used in the medical, defense, military, and aerospace sectors.

The strongest driver for the microdisplay market is the increasing usage of ADAS integrated with HUDs. Due to the rising number of road accidents, which kill 1.3 million people each year, as per the World Health Organization (WHO), countries are mandating the installation of ADASs in vehicles, so that the chances of human error can be reduced. To make ADAS more effective, it is being integrated with HUDs, so the driver sees all the driving-related data in their line of sight, without having to tilt their head.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=microdisplay-market-outlook

In 2019, the microdisplay market was dominated by Asia-Pacific (APAC) due to the presence of numerous industry players, which has led to a reduction in the prices of the end products for regional consumers. Additionally, China, Japan, and India are three of the largest producers of consumer electronics and automobiles in the world, which is why the demand for microdisplays in both these industries is rapidly booming here. Moreover, with the increasing disposable income of people, sales of connected vehicles and those with ADASs and of AR/VR devices are burgeoning.

Therefore, as people around the world continue to prosper, the resulting increase in the sales of consumer electronics and connected vehicles will keep giving impetus to the market.

Contact:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About Us
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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 What Are the Evolving Opportunities for the Players in the Microdisplay Market? here

News-ID: 2341350 • Views: 381

More Releases from P&S Intelligence

Expansion of Commercial Sector in Kuwait Fuels Demand for Facility Management
Facility management usually involves tools and services that provide support to functionality, safety, and sustainability of grounds, infrastructure, buildings, and real estate. Facilities management involves: • Lease management, with accounting and lease administration • Capital project planning and management • Energy management • Employee and Occupant Experience • Real Estate Management • Emergency Management and Business Continuity People who do their best work and stay engaged in their environments are required to be in safe, efficient, and welcoming buildings. Facilities management requires
Anti-Reflective Coatings Industry Analysis, Leading Players, Growth, Development …
An optical coating known as an AR coating is applied to a surface to lessen the quantity of light reflected off the surface. It is frequently employed in optical applications when the coating is placed in front of the air-glass barrier, lens, or mirror contact. Light loss due to reflection is kept to a minimum using AR coatings, which optimize the quantity of light that passes or penetrates the surface. The coatings
Rising Demand for Immersion Cooling Due to Massive Amounts of Data Generations
In 2021, the immersion cooling industry contributes $258.6 million, and it is predicted to generate $1,855.1 million in 2030, advancing at a rate of 24.5% in the coming future. The rising penetration of the data centers, rapid usage of cloud services, and large amounts of data generation are the major factors for industry propulsion. Moreover, the rising internet penetration, led by an increasing number of smartphone users and rising social
Cold Chain Market Will Reach $925.6 Billion by 2030
The global cold chain market was valued at $237.8 billion in 2021, and it is set to reach $925.6 billion by 2030, growing at a CAGR of 16.3% between 2021 and 2030. The growth of this industry can be credited to the growing requirement for convenience food with a longer shelf life, snowballing awareness about the food wastage, and rising number of planned retail stores in the developing countries. Furthermore, the

All 5 Releases


More Releases for ADAS

ADAS Market Insights, Growth Forecast to 2025
The Global ADAS Market research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world Global ADAS Research Report presents a competitive assessment and detailed statistical analysis on Global ADAS Industry prospects. The ADAS Report will enlighten the readers with market dynamics and market trends to provide a holistic market overview. The key aspects of
ADAS Camera Market 2020 Challenges by Enhancing Manufactures:
Stratagem Market Insights offer in-depth analysis concerning the complete ADAS Camera Market position and Recent Trends. Reports provide detailed Market Statistics, including Product types, Top Manufacturers, Market CAGR Status, and favorable factors that are expected to drive the Growth rate of the ADAS Camera Market with SWOT Analysis. The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, and forecast regions. The ADAS Camera Market evaluated the report on
What is ADAS
What is ADAS? ADAS, as also known as, the advanced driver assistance system. It was designed to protect drivers from avoidable car accidents and reduce the loss of life and property caused by driver fatigue and distracted driving. The highest level of ADAS implementation would be Tesla’s Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Tesla’s ADAS package. The Acumen
Global Advanced Driver Assistance System (ADAS) Market
Global Advanced Driver Assistance System (ADAS) Market – Industry Analysis and Forecast (2017-2026) – By Technology, Sensor, Vehicle, Distribution Channel and Region. Global Advanced Driver Assistance System (ADAS) Market was valued US$ 23.2 Bn in 2017 and is expected to reach US$ 89.8 Bn by 2026, at a CAGR of 18.43 % during the forecast period. Rising traffic safety issues coupled with encouraging monitoring standards regarding the installation of these systems will
Automotive ADAS in China 2017-2021 Market
Global Research and Development News -- . . "Automotive ADAS Market in China 2017-2021" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect. ' ' -About Automotive ADAS An advanced driver assistance system (ADAS) helps the driver avoid potential collisions by controlling the vehicle when the user is unable to respond in time. All safety features alert the driver of imminent collisions and prompt
Automotive ADAS Market Develop business strategies
MarketResearchReports.Biz adds “Global Automotive ADAS Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Automotive ADAS and the growth estimates for the forecasted period. Automotive ADAS are electronic components installed in vehicles, which present an intelligent driving experience to the driver. These systems comprise of unique sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER. Deploying ADAS to