Micro Displays Market Outlook, Industry Demand and Supply, Key Prospects, Future Growth, Forecast and Top Manufacturers Analysis Report by Emergen Research
Micro Displays Market Size – USD 711.8 Million
in 2020, Market Growth – at a CAGR of 38.2%, Market Trends – High demand from
automotive and military & defense sectors
Increase in demand for thin and more advanced and efficient
displays consisting of organic light-emitting (OLED) materials is a key factor
driving global micro displays market revenue growth. Micro displays have
excellent quality, high resolution, low power consumption, and are of compact
size. These advantages make these products ideal for usage in consumer
electronics, military & defense equipment and devices, and in healthcare
devices and equipment.
The Global Micro Displays
Market report assesses the historical and current data along with a thorough
analysis of the market dynamics. The report also sheds light on the significant
market growth driving and restraining factors that are anticipated to influence
the market growth through the forecast period.
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Key
Market Dynamics: The global Micro Displays market
research report details on the ongoing market trends, development outlines, and
several research methodologies. It illustrates the key factors that directly
manipulate the market, for instance, production strategies, development
platforms, and product portfolio. According to our researchers, even minor
changes within the product profiles could result in huge disruptions to the
above-mentioned factors. Each of these factors has been elaborately discussed
in the initial segment of the study.
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Some
Key Highlights From the Report
·
Head-up display is installed in the
dashboard of vehicles to display important information and data without
diverting the driver’s attention or view away from the road. Head-up display
was initially designed to be used in military aviation, but has since shifted
to personal cars and other automotive and non-automotive applications. The use
of microdisplay technology allows for manufacture of more compact
high-resolution head-up displays.
·
Organic light-emitting diode is replacing
LCD. OLED displays have smaller screen, generally less than 2 inches in
diagonal. OLED micro displays have near-to-eye and projection features and find
application in augmented and virtual reality, mobile, cameras, personal
electronics, and full-color projections, among others. Increased awareness
regarding the advantages of these products is expected to drive revenue growth
of this segment over the forecast period.
·
Automotive industry has emerged a key
application industry and adoption of advanced display technologies has been
relatively high in the recent past. OLED micro display technology provides new
design options for light sources and is garnering interest in the automotive
sector. Both micro LED and OLED display technologies provide transparent,
true-black, and flexible functions, which are necessary for an immersive user
experience.
·
Asia Pacific accounted for largest revenue
share in 2020 due to rapid industrialization, and presence of large numbers of
Original Equipment Manufacturers (OEMs) in countries in the region. Increasing
penetration of smartphones and other micro-display based devices is further
expected to drive growth of the market.
·
Key
players in the market include Seiko Epson, Sony
Corporation, Kopin Corporation, Himax Technologies, Holoeye Photonics, Winstar
Display, Wisechip Semiconductor, LG Display Co. Ltd., Yunnan Olightek
Opto-Electronic Technology Co., Ltd., and Microtips Technology, LLC.
The findings of the
report explain various aspects of the market, such as market status,
developmental prospects, key regional segments, renowned market players,
product offerings, end-use industries.
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Geographical
Terrain of the Global Micro Displays Market:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
global Micro Displays market is segmented based on product types offered in the
market, their applications, end-user industries, different types of
technologies, and key regions of the market.
Product Component Outlook
(Revenue, USD Million; 2018–2028)
·
Near-to-Eye (NTE) Devices
1.
Head-Mounted Display (HMD)
o AR
HMD
o VR
HMD
2.
Electronic Viewfinder (EVF)/Camera
·
Head-Up Display (HUD)
·
Projectors
1.
Pico Projector
2.
Data Projector
·
Technology Outlook (Revenue, USD
Million; 2018–2028)
o Liquid
Crystal Display (LCD)
o Liquid
Crystal On Silicon (LCoS)
o Organic
Light-Emitting Diode (OLED)
o Digital
Light Processing (DLP)
·
Resolution Outlook (Revenue, USD
Million; 2018–2028)
o Lower
than HD
o HD
o FHD
o Higher
than FHD
·
Brightness Outlook (Revenue, USD
Million; 2018–2028)
o Less
than 500 NITS
o 500
To 1000 NITS
o More
than 1000 NITS
·
Industry Outlook (Revenue, USD
Million; 2018–2028)
o Automotive
o Consumer
o Military,
Defense, and Aerospace
o Education
o Industrial
& Enterprise
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Key
Questions You Asked:
·
What is the growth rate of the Micro
Displays market? What is the anticipated market valuation of the Micro Displays
industry by 2028?
·
What are the key growth driving and
restraining factors of the Micro Displays market?
·
Who are the prominent players operating in
the market? What are the key strategies adopted by these companies?
·
What are the key opportunities and growth
prospects of the Micro Displays industry over the forecast period?
·
Which region is expected to show
significant growth in the coming years?
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