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North America Dominated The Global Microdisplay Market With Highest Market Share Over The Forecast Period

11-08-2017 08:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Variant Market Research

variant Market Research

variant Market Research

SAN FRANCISCO, Nov. 8th, 2017 Global Microdisplay Market size was valued at $821 million in 2016 and is expected to reach $4,528 million by 2024, growing at a CAGR of 23.8% from 2016 to 2024. In geographical segments, Asia-Pacific and Europe are expected to grow at a CAGR of 25.9% and 24.3%, respectively, during the forecast period 2016-2024.
Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/microdisplay-market
Key growth factors of global microdisplay market are higher implementation of microdisplay in military & defence, medical applications, and consumer electronics due to features such as low-power consumption; high resolution, outstanding picture quality, and compact size. Though, issues such as low-picture quality at higher temperature and higher initial cost may limit the market growth. Furthermore, growing demand for VR HMD’s for gaming & entertainment and increase in use of HUD’s in premium car is expected to gain several opportunities in the forthcoming years.
Get Table Of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/microdisplay-market/toc
Type, technology, application, and geography are the primary categories of global microdisplay market. Type segment includes neat-to-eye (NTE) and projection. Technology segment comprises liquid crystal display (LCD), liquid crystal on silicon (LCoS), organic light-emitting diode (OLED), and digital light processing (DLP). Application segment comprises of military & defense, industrial systems, automotive, medical appliances, consumer electronics, and others. In 2016, consumer electronics segment dominated the market with largest share, driven by the increase in demand for electronic equipment’s such as smart glasses, smart watch, and smart bands. Additionally, application segment is anticipated to grow at the fastest CAGR through the forecast period.
The global microdisplay market by geography is majorly bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2016, North America held for highest market share in 2016 and expected to remain the largest over the forecast period, driven by increasing adoption of microdisplay in consumer electronics and speedy technological advancement. Asia-Pacific is anticipated to grow at the fastest CAGR throughout the forecast period i.e. 2016-2024.
Prominent players in the Microdisplay market includes, LG Display Co. Ltd, Sony Corporation, Syndiant Inc., Micron Technology Inc., Universal Display Corporation, AU Optronics Corp, eMagin Corporation, Himax Technology Inc., Microvision Inc., and KopIn Corporation Inc., among others.
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/microdisplay-market/sample-request
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.
For further information, visit https://www.variantmarketresearch.com

Contact us :

Michael Mendes

Head – Sales

Variant Market Research

649 Mission St, 5th Floor, San Francisco,

CA 94105, United States.

Tel: +1-415-680-2785

Fax: +1-415-680-2786

Email: michael.mendes@variantmarketresearch.com

Email: helps@variantmarketresearch.com

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