Microdisplay Market - LCD Likely to Dominate Microdisplay Market despite Growing Demand for OLED
According to Transparency Market Research, the global microdisplay market was valued at US$809.8 mn in 2017 and is expected to rise to US$1,350.2 mn by 2022.
Browse The Report: https://www.transparencymarketresearch.com/microdisplays-market.html
Here are the key insights into the growth prospects of the global microdisplay market:
The global microdisplays market is likely to be dominated by LCD technology in the coming years despite growing demand for OLED microdisplays. LCD technology has been vital to the global microdisplay market due to its preexisting use in several parts of the electronics industry, which made it feasible for mass production at low costs. However, the technological limitations of LCD and LCoS at small sizes, especially their tendency to heat up and their higher power requirements, have led to OLED technology assuming an important role in the global microdisplay market in the last few years. OLED displays have become the norm in smartphone flagships of late, which has provided impetus for steady development of the relevant technology, which will help increase the production of OLED microdisplays in the coming years. Nevertheless, LCD microdisplays are likely to account for a majority share in the global microdisplay market in the 2017-2022 forecast period, with the segment expected to rise to a value of US$709.5 mn by 2022, accounting for 52.6% of the global microdisplay market.
The rising demand for smart glasses and their underlying technology in various sectors is likely to remain a major driver for the global microdisplay market in the coming years. Smart glasses have become a major offering for several tech companies due to the enhancement they provide in terms of personal engagement with devices such as smartphones. The technology behind smart glasses is also being used on a large scale in the aerospace and defense sector, thanks to the steady advancement in eyeball tracking technology. This is likely to provide solid impetus to the global microdisplay market in the coming years due to the rising push for military modernization across the world.
Request to download and view full ToC @https://www.transparencymarketresearch.com/report-toc/1094
The rising demand for augmented and virtual reality technology is also likely to be a key driver for the global microdisplay market in the coming years. AR and VR headsets require highly advanced microdisplays, as they have to provide peak performance at close physical proximity to the user, which means concerns such as overheating need to be addressed comprehensively. The growing use of AR and VR technology in the gaming and entertainment sector is thus likely to be a key driver for the global microdisplay market in the coming years.
The rapid growth of the electronics sector in countries such as China, Taiwan, and Korea is likely to provide a steady push to the microdisplay market in Asia Pacific except Japan. The rising disposable income of consumers in these regions has also driven the demand for advanced display technologies such as AR and VR, which is also likely to remain a solid driver for the microdisplay market in Southeast Asia. The APEJ microdisplay market is expected to rise to a valuation of US$580.1 mn by 2022, remaining the dominant regional player in the global market.
Make an Enquiry @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1094
The global microdisplay market is likely to remain intensely competitive in the coming years due to the increasing ease of producing microdisplays and the rising amount of investment being driven into the field due to steady growth of the consumer electronics and aerospace industries. Leading players in the global microdisplay market include eMagin Corporation, Universal Display Corporation, AU Optronics Corp., KopIn Corporation Inc., Himax Technologies Inc., Microvision Inc., Syndiant Inc., LG Display Co. Ltd., and Seiko Epson Corporation.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Microdisplay Market - LCD Likely to Dominate Microdisplay Market despite Growing Demand for OLED here
News-ID: 743429 • Views: 297
More Releases from Transparency Market Research
Digital BSS Market is Projected to Exhibit Growth at 11.9% CAGR by 2031- TMR Stu …
The global Digital BSS market is estimated to attain a valuation of US$ 9.6 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 11.9% during the forecast period, 2021-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of
GCC Condiment Sauces (for Hospitality Sector) Market Size is Expected to Be Valu …
The global GCC Condiment Sauces (for Hospitality Sector) market is estimated to attain a valuation of US$ 35.4 Bn by the end of 2032, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.8% during the forecast period, 2022-2032. The key objective of the TMR report is to offer a complete assessment of the global market including
Industrial Artificial Intelligence (AI) Market is Booming at A Cagr Of 20.6% to …
The global Industrial Artificial Intelligence [AI] market is estimated to attain a valuation of US$ 2.2 Trn Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 20.6% during the forecast period, 2022-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major
Sales of North America Potato Protein Market is Forecast to Expand at A CAGR of …
The global North America Potato Protein market is estimated to attain a valuation of US$ 41.0 Bn by the end of 2032, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.7% during the forecast period, 2022-2032. The key objective of the TMR report is to offer a complete assessment of the global market including major leading
More Releases for LCD
Backlight Module Market 2022 Global Insights and Technology Advancement - Hansol …
Backlight Module Market is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share, and contact information are shared in this report analysis. It also
8K Technology Market by Product OLED, LED-LCD, QD-LCD, and Micro-LED
"Television segment to register highest CAGR in 8K technology market during forecast period " The 8K technology market has been segmented on the basis of products into 4 categories: Televisions, projectors, professional cameras, and monitors and notebooks. Among these products, television is expected to be the fastest-growing segment in the overall 8K technology market. Consumers are showing interest in large-screen TVs with better picture quality as they want theater-like experience at
Topway Smart LCD, new way to use an LCD
TOPWAY Smart LCD with a display engine built-in, a versatile range of TFT screen sizes and Touch-Panel to support a wide range of industrial and instrument applications. Pre-loaded User Interface (UI) reduces host system’s workload and provides a much faster interaction with user. UI design is done with the help of TOPWAY TML Graphics Editor, design with zero coding. Thus, it dramatically simplifies and speeds up the whole product design process. With
Backlight Module Market Research Analysis 2018- Radiant, Coretronic, Heesung Ele …
Qyresearchreports include new market research report “Global Backlight Module Market Research Report 2018” to its huge collection of research reports. The comprehensive report presented here offers a number of different parameters that affect the overall Backlight Module market. It takes into account current trends and any anticipated predictions regarding the market, keeping in mind the current market climate. The primary reason behind the presentation of this report is to offer its
Terminal LCD Displays Market: Presence of a Large Pool of Small-Scale Terminal L …
With a large pool of participants, the global terminal LCD displays market exhibits an extremely fragmented structure. Only a few players, namely Siemens AG, Honeywell International Inc., GE Healthcare, Johnson and Johnson Services Inc., Schneider Electric SE, and Koninklijke Philips have been able to establish themselves in this market, says Transparency Market Research. A huge section of small-scale terminal LCD manufacturers resides in various geographical areas. These players have limited
New Tatung TLM LCD Monitors
San Diego, CA, July 29, 2008 Audio Video Supply, Inc, a San Diego distributor first in CCTV Security, has introduced the new Tatung TLM-1506, TLM-1706, and TLM-1906 LCD monitors from its new product line. The new Tatung TLM crystal clear 15, 17, and 19 inch LCD display monitors have a 1024x768 (TLM-1506) or 1280x1024 (TLM-1706 and TLM-1906) resolution that provides a sharp image, and are ROHS compliant monitors. The TLM models