Global Microdisplays Market To Be Worth Around USD 4.0 Billion By 2026: Acumen Research and Consulting
The global microdisplays market size is expected to around USD 4.0 billion by 2026, the market is projected to grow with 20.3% CAGR during the forecast timeframe.
The global microdisplay market is anticipated to show a steady momentum in the coming years owing to the increasing acceptance of microdisplays in consumer electronics as well as in other applications for instance, the defense and aerospace sector and the automotive sector. This displays are being progressivelydeployed for medicaland military applications, for instance, as monochrome night-vision systems to deliverabetter-quality visual experience to soldiers, monitoring patient andvitalsreal-time augmented displays. This, in turn, is expected to drive the microdisplays market in the coming.
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 into near-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.
LCD is the foremost technology in the global microdisplay market at current thanks to its moderately simple construction and the extensiveobtainability of LCD construction facilities and technology. LCD microdisplays also delivers convenient operational characteristic that are expected to allow smooth supremacy of the LCD segment in the global microdisplay market during the coming years. The LCD sub-segment of the microdisplay market was valued at US$450 mn in 2018, including 53.6% of the global market. The segment is expected to retain its mainstream share in the global microdisplay market during forthcoming years, with its estimationexpected to increase to US$850 mn by 2025, representing 53.0% of the global microdisplay market.
Geologically, Asia Pacific except Japan is probable to retain steady domination over the global microdisplay market during the forecasted period. The Asia pacific microdisplay market is anticipated to reach US$ 650mn by 2026, on behalf of more than 44% of the global market. The APEJ microdisplay market is driven mainly by the robust development of the electronics industries sector in nations such as KoreaandChina, with Korean businessesfor instance,
LG likely to play a main role in the growth of the global microdisplay market place during the forthcoming years. Japan is also a main contributor to the global microdisplay market and is expected to register for a 6.7% revenue share in the global market by 2026 thanks to steady development of the electronics industry that permits for steady growth of the nascent global microdisplay market.
The main applications of microdisplays are in forecast devices are near-the-eye devices. The last is anticipated to register for a significant share in the global microdisplay market during the forthcoming yearsowing to the rising popularity of augmented and virtual reality technology and the increasingneed for smart glasses. Microdisplayscomprise the vital component of smart glasses and are thereforeprobable to continue in needduring the forthcoming years. The increasingacceptance of augmented and virtual reality technology in the smartphone market is also expected to boost the need for microdisplays and allow smooth development of the microdisplaysmarket, as this will boostsubstantial investment in the market.
The key players catering to the global microdisplays market are 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.These players are contributing gigantic money to develop the product portfolio as the opposition in the market is expanding with fast pace. Likewise, with changing innovation the requirement for better electronics foundations are expanding, so drives the need of the clients, players are ceaselessly developing new items.
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