Microdisplays Market (By Projection - Near-to-Eye, Projection, Others; By Technology - OLED, LCD, DLP, LCoS; By Application - Consumer Electronics, Military & Defense, Medical, Industrial, Automotive, Others) - Global Industry Size, Share, Trends and Forecast 2018-2026

Introduction

The global microdisplays market is the projected to worth around USD 4.0 bn by 2026. It is projected to expand at a CAGR of 20.3% from 2018 to 2026. A microdisplay can be referred as a screen with a diagonal size of less than two inches. The screen are being progressively incorporated in consumer electronic devices, for instance viewfinders of digital cameras, smart watches, smart glasses, head-mounted displays (HMDs), and smartphones.

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Market Dynamics

The global microdisplay market is anticipated to display a steady momentum in the forthcoming yearsowing to the rising acceptance of microdisplays in consumer electronics as well as in other applications for instance, the defense and aerospace sector and the automotive sector.

Market Insights

Increasingattractiveness of fitness trackers andsmartwatches among customers for numerous applications, for instance, fitness monitoring,health monitoring,entertainment,andlifestyle support is anticipated to boost the need for microdisplays during the forthcoming years. Development of microdisplay-based holographic displays is also expected to fuel the development of the microdisplays market during the forecast timeframe.

Furthermore, Virtual Reality (VR) headsets attuned with smartphones and other devices are being progressivelyaccepted by youths for an improved gaming experience. Smartphone producersfor instanceHTC and Samsung also provides VR headsets on procurement of new smartphones. This trend is expected to further drive the microdisplays market.

Market Classification

The global microdisplays market is segmented into four major segment named projection,application, technology, and region. On the basis of projection the microdisplays market is segmented intonear-to-eye, projection, and others. On the basis of the application the global microdisplays market is segmented into consumer electronics, military & defense, medical, industrial, automotive, others. On the basis of technology, the microdisplays market is segmented into OLED, LCD, DLP, and LCoS. On the basis of region the global Microdisplays market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Regional Insights

In 2018, North America captured largest revenue share and the region is projected to continue its dominance over the forecast period as the region is highly active towards the acceptance of modern technology. Other regions for the growth of the North America microdisplays market are increase in per capita income, and growingdemand advance technology solution across the globe.

Europe is projected to be the second fastest-developing market for microdisplays. Changing consumer lifestyle and buying patterns drives the demand for latest and modern technology. Surge in need for better resolution in displays further drives the demand for the microdisplays market during the forecast period. Asia Pacific region captures the highest CAGRas the region is witnessing huge investment from major player to capture the market in the respective region.

Market Participants

The major players associated with the microdisplays market Seiko Epson Corporation, eMagin Corporation,LG Display Co. Ltd.,Universal Display Corporation, Syndiant Inc.,AU Optronics Corp., KopIn Corporation Inc., Microvision Inc., Sony Semiconductor Solutions Corporation,Jasper Display Corp., Microtips Technology, LLC,WiseChip Semiconductor Inc.,Yunnan OlightekOpto-Electronic Technology Co., Ltd., and Himax Technologies Inc.Most of these above mentioned companiesput focusses on new projection launchand technological mergers & acquisitions, expansion, and strategic partnership activities as part of their commercial development strategies.Companies associated with microdisplays market are continuously focussing on research and development to cater best to the customer and facilitate best technology to electronics and technology.

Market Segmentation

Market By Projection

• Near-to-Eye
• Projection
• Others

Market By Technology

• OLED
• LCD
• DLP
• LCoS

Market ByApplication

• Consumer Electronics
• Military & Defense
• Medical
• Industrial
• Automotive
• Others

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of Latin America

• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA