Higher Implementation of Microdisplay in Military & Defence Boost the Global Microdisplay Markets

Global Microdisplay Market Report, published by Variant Market Research, forecast that the global market is expected to reach $4,528 million by 2024 from $821 million in 2016, growing at a CAGR of 23.8% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 25.9% and 24.3%, respectively, during the forecast period.

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Advanced application of microdisplay in military & defence, low power consumption, compact size, high-resolution & outstanding picture quality are some of the aspects that drive the global microdisplay market. However, higher initial cost of these products would decline the growth of the market. Moreover, increase in demand for heads up displays (HUDs) in premium car will likely gain numerous opportunities for the market in the forecasted period.

Type, technology, application, and geography are the primary segments of the global microdisplay market. Type segment is further bifurcated as projection and neat-to-eye (NTE). Technology segment comprises of liquid crystal display (LCD), digital light processing (DLP), organic light-emitting diode (OLED), and liquid crystal on silicon (LCoS). The segmentation by application is given as military & defense, consumer electronics, automotive, industrial systems, medical appliances, and others. Consumer electronics stood first with respect to market share in 2016, driven by the surge in demand for electronic products such as smart bands, smart watch, and smart glasses. Also, the application segment is likely to achieve the fastest CAGR during the forecasted period 2016-2024.

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North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the major geographical segments of the global microdisplay market. North America dominated the market with highest share in 2016, and is anticipated to continue the leading region throughout forecast period, owing to speedy technological improvement and upsurge in adoption of microdisplay in consumer electronics. Asia-Pacific is the fastest growing region with respect to CAGR during the forecast period 2016-2024.
Key players in the Microdisplay market include, LG Display Co. Ltd, Sony Corporation, Micron Technology Inc., Universal Display Corporation, Microvision Inc., Syndiant Inc., AU Optronics Corp, Himax Technology Inc., KopIn Corporation Inc., and eMagin Corporation, among others.

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Scope of Microdisplay Market

Product Type Segments
• Near-To-Eye
• Projection

Technology Type Segments
• Digital Light Processing (DLP)
• Liquid Crystal Display (LCD)
• Organic Light-Emitting Diode (OLED)
• Liquid Crystal on Silicon (LCoS)

Application Type Segments
• Automotive
• Consumer Electronics
• Industrial Systems
• Medical Appliances
• Military & Defense
• Others

Geographical Segments
• North America
o US
o Canada
o Mexico

• Europe
o United Kingdom
o Germany
o France
o Others

• Asia-Pacific
o China
o Japan
o South Korea
o Taiwan
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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