Near-Eye Display Market Overview and Regional Outlook Study 2021 - 2031

Near-Eye Display Market - Overview

The key features of near eye display comprises of three main components namely imaging optics, an optical combiner, and an image generator. The near eye display technology is used for projecting an image directly into the eyes of the viewer for him to experience an immersive display.

The increasing use of OLED microdisplays in latest applications such as smart glasses, imaging, and projection is projected to increase the sales of the global near-eye display market. This is estimated to continue so in the coming years on account of the rising adoption of advanced features such as faster response time, more compact size, lighter weight, and negligible smearing.

In the consumer segment, OLED microdisplays are utilized in video and VR glasses and EVFs to work with search, navigation, and day-to-day private activities, while the safeguarded area targets AR protective caps for pilots to determine communication issues during a fight. Numerous industry specialists accept that The existing display technologies are likely to be replaced by OLEDs, thereby boosting the demand for near-eye displays in the forecast period, 2021-2031.

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The report insights into the market and emphasizes on its prime growth parameters such as drivers, restraints, challenges, and future opportunities. It also highlights the key innovations that made positive contribution to the market in terms of revenue generation. The impact of the novel COVID19 pandemic is also discussed in the report. Moreover, the list of players functioning in this market is also provided in the Near-Eye Display market survey, together with the current competitive nature. For more information on this market, log on to the company website.

Near-Eye Display Market - Competitive Landscape

There are many players functioning in the global Near-Eye Display market, thereby making the nature of market highly competitive. Significant players in the Near-Eye Display market are emphasizing on innovations in the current technologies, joint ventures, mergers and acquisitions, and more to gain an upper hand in the market competition. Some other players are investing in research and development to ensure the market witness significant growth opportunities in the near future.

Some of the key players of the global Near-Eye Display market include:

TriLite technologies GmbH
JBD Xianyao Display Technology
Plessey
Syndiant Inc.
BOE Technology Group Co. Ltd.
Microoled Technologies
Kopin Corporation
Himax Technologies Inc.
eMagin Corporation
Sony Group Corporation
Other players

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Near-Eye Display Market - Growth Drivers

The increasing adoption of near-eye display in virtual reality or VR devices is projected to aid favor of the global Near-Eye Display market. The easy affordability of these computing platforms, attributed to their mass production and rising adoption in VR devices will further drive the growth of this market in the forecast period.

Augmented Reality and Virtual reality are both considered great technologies that use Near-Eye Display and thus, their increasing popularity will further create new growth opportunities for this market in the near future. On the contrary, the use of AR devices for longer term may result in health issues owing to long term exposure to harmful electromagnetic frequency radiation. In addition to this, near-eye display lenses may also result in optical distortions that will further cause hindrance to the overall growth of this market in the coming years.

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Near-Eye Display Market - Geographical Insights

Regionwise, the global Near-Eye Display market is widespread into the regions of North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Every one of these regions is further classified on the basis of nations. Among these, the market earned the largest share from Asia Pacific on account of the surging adoption of AR and VR technologies especially in the highly populated nations of India and China. Besides this, the cost effective and lightweight nature of near eye display devices is further projected to propel companies to adopt this technology in basic consumer electronic appliances during the forecast period.

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