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Microdisplays Market Growth, Size, Forecast, Top Companies Profiles, Market Research Report

12-28-2022 02:44 PM CET | IT, New Media & Software

Press release from: Acumen Research and Consulting

Microdisplays Market Growth, Size, Forecast, Top Companies

A microdisplay can be called as a screen with a diagonal size of less than two inches. These are being progressively incorporated in consumer electronic gadgets, for instance, head-mounted displays (HMDs), smart glasses,viewfinders of digital cameras, smartphones, and smartwatches. The global microdisplays market size is anticipated to around USD 8.5 Billion by 2030, this market is anticipated to grow with 20.3% CAGR during the forecast time period. Robust need for microdisplays in (NTE) Near-To-Eye applications along with growing usage of these gadgets in HMDs and HUDs (Head-Up Displays) for automotive, military, and medical applications is projected to drive the market during the estimated period.

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They give a too expanded super extended graphics array (SEGA) resolution that offers an enhanced viewing angle and upgraded brightness for a superior client encounter. They are being utilized over various segments, for example, military and safeguard, purchaser gadgets, restorative, and assembling military & defence, medical, consumer electronics, and manufacturing. Also, expanding interest for nanotechnology gadgets to distinguish smaller scale estimated components is foreseen to goad the development of the market during the forecast period.

Developing prominence of smartwatches and fitness trackers among buyers for different applications, for example, well being observing, way of life support, excitement, and wellness check health monitoring, fitness monitoring, entertainment, and lifestyle support, is required to fuel the interest for microdisplays amid during the forecast period. Development of microdisplay-based holographic presentations is additionally prone to the growth of the market during the forecast period.

In addition, Virtual Reality (VR) headsets good compatible with cell phones and different gadgets are by and large progressively received by youths for an improved gaming experience. Cell phone producers, for example, Samsung and HTC likewise offer VR headsets on buy of new cell phones. This pattern is ready to additionally push the market growth.

Though, high assembling and R&D costs related with microdisplays are anticipated to hinder the development of the market. However, business are implementing low-cost technologies to reduce the total costs.

The global microdisplays market is segmented into four major segment named projection, application, technology, and region. On the basis of projection the microdisplays market is segmented into near-to-eye, projection, and others. On the basis of the application the global microdisplays market is segmented into consumer electronics, military & defense, medical, industrial, automotive, others. On the basis of technology, the microdisplays market is segmented into OLED, LCD, DLP, and LCoS. On the basis of region the global Microdisplays market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

The LCD segment captures for just over 56.0% of the overall market revenue in 2018. The segment is expected to dominate the market through 2026. The development of the segment can be credited to extensive use of LCD microdisplays in HUDs, Electronic Viewfinders (EVFs) and HMDs. Furthermore, the (LCoS) Liquid Crystal on Silicon sub-segment is projected to display not able development during the forecast period due to its compact size and improved productivity.

Moreover, key market players are putting emphasis on consolidating new OLED microdisplay innovation to give shows a superior visual performance to clients. Moreover, there is an uplifted interest for OLED microdisplays for VR headset shows attributable to their enhanced resolutions, higher power effectiveness, quicker reaction times, and lower costs. Rising mindfulness with respect to preferences of this innovation type is relied upon to look good for the overall market.

The key players operating in the global microdisplays market are microdisplays market Seiko Epson Corporation, eMagin Corporation, LG Display Co. Ltd., Universal Display Corporation, Syndiant Inc., AU Optronics Corp., KopIn Corporation Inc., Microvision Inc., Sony Semiconductor Solutions Corporation, Jasper Display Corp., Microtips Technology, LLC, WiseChip Semiconductor Inc., Yunnan OlightekOpto-Electronic Technology Co., Ltd., and Himax Technologies Inc. These marketplace contributors are capitalizing huge wealth to transform the product line as the competition in the microdisplays market is increasing with rapid pace. Similarly, with varying technology the demand for better healthcare electronics are rising, so cater the demand of the customers, market participants are continuously inventing new products.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
CHAPTER 4. MICRODISPLAYS MARKET BY PROJECTION
CHAPTER 5. MICRODISPLAYS MARKET BY TECHNOLOGY
CHAPTER 6. MICRODISPLAYS MARKET BY APPLICATION
CHAPTER 7. NORTH AMERICA MICRODISPLAYS MARKET BY COUNTRY
CHAPTER 8. EUROPE MICRODISPLAYS MARKET BY COUNTRY
CHAPTER 9. ASIA-PACIFIC MICRODISPLAYS MARKET BY COUNTRY
CHAPTER 10. LATIN AMERICA MICRODISPLAYS MARKET BY COUNTRY
CHAPTER 11. MIDDLE EAST MICRODISPLAYS MARKET BY COUNTRY
CHAPTER 12. AFRICA MICRODISPLAYS MARKET BY COUNTRY
CHAPTER 13. COMPANY PROFILE
CHAPTER 14. RESEARCH APPROACH

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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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