Micro Display Market Size, Share, Trend by top trend and industry outlook 2023 to 2032

Micro display is a microminiaturized display with a diagonal screen size of less than 25 mm. It utilizes a high-resolution and optical imaging for display projection and provides super extended graphics array (SEGA) resolution with optimized power consumption. Moreover, it enables better angle viewing and enhanced brightness. Owing to its compact size and high-resolution capability, it finds applications in consumer electronics, such as smart bands, smart glasses, and smart phones, and visual electronic products, 3G portable communications devices, digital camera, portable DVDs, and PCs. Other players in the value chain include (profiles not included in the report), HOLOEYE Photonics AG, Seiko Epson Corporation, Yunnan Olightek Opto-Electronic Technology Co., Ltd., Jasper Display Corp.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

Microdisplay has gained popularity among various applications, such as consumer electronics, military & defense, and automotive, owing to its compact size, high resolution, and low power consumption. Moreover, it also supports high contrast ratio and improved image quality. However, high R&D and manufacturing cost may hamper the market growth. Irrespective of these challenges, rise in demand for augmented reality devices and increasing number of near-to-eye (NTE) applications are expected to provide huge opportunities to the market growth in the near future.

The world microdisplay market is segmented on the basis of technology, type, applications, and geography. The technology segment includes liquid crystal display (LCD), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal on silicon (LCoS). By type, it is divided into near-to-eye (NTE) type and projection type. By applications, the market is classified into consumer electronics, military & defense, medical applications, industrial systems, and automotive. Based on geography, the market is segmented into North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

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POTENTIAL BENEFITS FOR STAKEHOLDERS

Comprehensive analysis of the current trends and future estimations in the world microdisplay market is provided in the report.
The report provides a competitive scenario of the market with growth trends, structure, driving factors, scope, opportunities, and challenges.
The report includes a detailed analysis of the key segments to provide insights on the market dynamics.
Porter's Five Forces analysis highlights the potential of buyers and suppliers and provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
Value chain analysis provides key inputs on the role of stakeholders involved at various stages.

KEY PLAYERS

eMagin Corporation
Universal Display Corporation
AU Optronics Corp
KopIn Corporation Inc.
Micron Technology Inc.
Himax Technology Inc.
LG Display Co. Ltd.
Microvision Inc.
Sony Corporation
Syndiant Inc.

MARKET SEGMENTATION

The world microdisplay market is segmented by technology, type, application, and geography.

BY TECHNOLOGY

Liquid Crystal Display (LCoS)
Organic Light-emitting Diode (OLED)
Digital Light Processing (DLP)
Liquid Crystal on Silicon (LCoS)

BY TYPE

Near-To-Eye (NTE) Type
Projection Type

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BY APPLICATION

Consumer Electronics
Military & Defense
Medical Applications
Industrial Systems
Automotive
Others

BY GEOGRAPHY

North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Taiwan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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