Microdisplay Market Driven by Rising Consumer Interest in AR, VR Applications

The global microdisplay market has grown at a robust growth rate in recent years to emerge as a key part of the global electronics sector. The microdisplay market was conceived as a tool to aid projection technology, and while the application of microdisplays for this purpose remains strong, the microdisplay market has gained considerable momentum from its growing momentum in near-the-eye applications such as smart glasses and VR/AR headsets.

The global microdisplay market is expected to exhibit a steady momentum in the coming years due to the growing adoption of microdisplays in consumer electronics as well as in other applications such as the aerospace and defense sector and the automotive industry.

According to Transparency Market Research, the global microdisplay market is expected to rise from US$809.8 mn to US$1,350.2 mn over the 2017-2022 forecast period. The microdisplay market is expected to exhibit a strong 10.8% CAGR over the aforementioned forecast period.
microdisplay market

Obtain Report Details @

https://www.transparencymarketresearch.com/microdisplays-market.html

LCD Likely to Dominate Microdisplay Market despite Growing Demand for OLED

LCD is the dominant technology in the global microdisplay market at present thanks to its relatively simple construction and the widespread availability of LCD construction facilities and technology. LCD microdisplays also offer convenient operational characteristics, which are likely to enable smooth dominance of the LCD segment in the global microdisplay market over the coming years.

Asia Pacific to Exhibit Growing Demand due to Growth of Electronics Sector

Geographically, Asia Pacific except Japan is likely to retain steady dominance over the global microdisplay market in the coming years. The APEJ microdisplay market is expected to reach US$580.1 mn by 2022, representing more than 40% of the global market. The APEJ microdisplay market is driven primarily by the robust growth of the electronics sector in countries such as China and Korea, with Korean companies such as LG likely to play a key role in the development of the global microdisplay market in the coming years.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1094

Consumer Electronics Industry Likely to Remain Leading End User

The primary applications of microdisplays are in projection devices are near-the-eye devices. The latter is expected to account for a significant share in the global microdisplay market in the coming years due to the growing popularity of AR/VR technology and the rising demand for smart glasses. Microdisplays consist the essential component of smart glasses and are thus likely to remain in demand over the coming years.

Competitive Dynamics

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.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.