The micro displays market size is expected to reach USD 9.50 Billion at a steady CAGR of 38.2% in 2028.The Micro Displays Market Research report gives a complete assessment of the market. It does so through in-depth qualitative insights, historic data, and verifiable projections about market size. The projections featured in the report have been derived the use of confirmed studies methodologies and assumptions. By doing so, the research report serves as a repository of analysis and facts for each side of the market.
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.
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Further key findings from the report suggest
- In February 2021, eMagin Corporation, which is a manufacturer of active matrix OLED micro displays used in commercial and military AR/VR devices, announced an agreement with Bild Innovative Technology to provide its line of OLED microdisplay compact driver boards to customers of eMagin. Under this arrangement, customers have the option of purchasing eMagin OLED micro displays coupled with compact drive boards, thus streamlining its prototyping efforts.
- 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.
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Report Objective:
The report offers a complete analysis of the global Micro Displays market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreement and collaborations. 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. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the global micro displays market on the basis of product, technology, resolution, brightness, industry, and region:
Product Component Outlook (Revenue, USD Million; 2018–2028)
Near-to-Eye (NTE) Devices
Head-Mounted Display (HMD)
AR HMD
VR HMD
Electronic Viewfinder (EVF)/Camera
- Head-Up Display (HUD)
- Projectors
- Pico Projector
- Data Projector
- Others
- Rifle Scopes
- Medical Equipment Monocular
- Binocular Systems
- Thermal Imaging Glasses
Technology Outlook (Revenue, USD Million; 2018–2028)
- Liquid Crystal Display (LCD)
- Liquid Crystal On Silicon (LCoS)
- Organic Light-Emitting Diode (OLED)
- Digital Light Processing (DLP)
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Micro Displays market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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