Microdisplays Market

Global Microdisplays Market by Projection (Near-To-Eye and Projection), Applications (Consumer electronics, Military & Defense, Automotive, Industrial, and Medical), Technology (LCD, OLED, LCoS, and DLP), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-229
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 185
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The global microdisplays market was valued at USD 888.2 million in 2019. The market is projected to expand at a CAGR of 18.9% during the forecast period, 2021 – 2028. The growth of the market is attributed to surging use of devices with near-to-eye applications in HUDs and HMDs for automotive, military, and medical applications.

Global Microdisplays Market Key Takeaways

A microdisplay is a display with a small screen. The screen size of microdisplays is less than two inches. Microdisplays are gradually being used in electronic devices, such as rear-projection TVs, smartphones, smartwatches, and smart glasses.

Market Trends, Drivers, Restraints, and Opportunities:

  • The growth of the market is attributed to rising demand for nanotechnology devices to detect micro elements.
  • Microdisplays offer an extended graphics array resolution that provides a great viewing angles for enhanced user experience.
  • Increasing use of microdisplays in CT scanners, medical imaging machines, ECG machines, and other devices is boosting the market.
  • Growing demand for microdisplays used in Organic Light Emitting Diode (OLED) monochrome systems for thermal imaging, training of soldiers, and situational awareness is fueling the market.
  • Increasing usage of fitness trackers and smartwatches among consumers for applications like lifestyle support, health monitoring, fitness, and entertainment monitoring is anticipated to drive the demand for microdisplays during the forecast period.
  • Rising use of microdisplay-based holographic displays is expected to fuel the market in the coming years.
  • High costs related to manufacturing and R&D of microdisplays are expected to hamper the market growth.
  • Virtual Reality (VR) headsets compatible with tabs, smartphones, and other devices are increasingly being used by youngsters for better gaming experience. This factor is anticipated to boost the market.

Scope of the Report:

The report on the global microdisplays market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Microdisplays Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Projection (Near-To-Eye and Projection), Applications (Consumer electronics, Military & Defense, Automotive, Industrial, and Medical), Technology (LCD, OLED, LCoS, and DLP)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Himax Technologies, Inc., Kopin Corporation, EMagin Corporation, Wisechip Semiconductors Inc., Universal Display Corporation, Microtips Technology, LLC, Sony Semiconductors Solutions Corporation, LG Display Co. Ltd., Micron Technology Inc., Seiko Epson Corporation, Jasper Display Corp, and Yunnan Olightek Opto-Electronic Technology Co. Ltd.


Market Segment Insights:

Based on applications, the global microdisplays market is segregated as consumer electronics, military & defense, automotive, industrial, and medical. The consumer electronics segment is estimated to witness a high growth rate during the forecast period, 2021-2028, due to rapid adoption of smartwatches, smart glasses, and smartphones. Moreover, increasing use of VR gaming headsets along with shifting consumer preferences towards portable and handy electronic devices is projected to drive the market growth during the forecast period.

Global Microdisplays Market By Application

The military & defense segment contributed for over 38% of total market revenue in 2019. This segment is anticipated to expand at a robust CAGR, attributed to rising demand for low-power microdisplays in applications, such as simulation, situational awareness, training, and thermal imaging. Major manufacturers are offering microdisplay products like thermal weapons and night vision goggles for military applications, which gives a grand visual experience.

On the basis of technology, the global microdisplays market is fragmented as LCD, OLED, LCOS, and DLP. In 2019, the LCD segment contributed for more than 55% of the overall market revenue share. Rising demand for microdisplays in the LCD segment is due to wide use of LCD displays in HMDs, EVFs, and HUDs. The Liquid Crystal on Silicon (LCoS) segment is expected to show remarkable growth during the forecast period, 2021-2028. Major companies in the market are focusing on developing new OLED microdisplays to provide a grand visual experience to consumers. Growing demand for OLED microdisplays in the miscrodisplays market is attributed to their quick response time, high power efficiency, and low cost. Increasing awareness about the advantages of microdisplays is projected to boost the market.

Global Microdisplays Market By Technology

Based on projection, the global microdisplays market is bifurcated as Near-To-Eye (NTE) and projection. The NTE segment accounted for over 48% of the total revenue share. This segment led the market in 2019. In industrial application, there is a rising demand for AR glasses, due to warehouse management, on the job training to field workers, inspection, and maintenance activities. These factors have contributed to the growth of the market. Moreover, rising use of HUDs in vehicles is likely to propel the segment.

Global Microdisplays Market By Projection

Increasing use of VR headphones for entertainment and gaming is expected to increase growth opportunities for the microdisplays market. Rising demand for DLP projectors in sectors such as corporate training and education is projected to boost the segment.

On the basis of regions, the global microdisplays market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounted more than 35% of the total revenue in 2019. Traditional classroom teaching is replaced by the use of ICT technologies in educational sector, which, in turn, is fueling the regional segment. The market in Asia Pacific is anticipated to register a high growth rate during the forecast period, 2021-2028. Existence of major players in the region is anticipated to boost the market in the coming years.

Global Microdisplays Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Microdisplays Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Microdisplays Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Microdisplays Market - Supply Chain
  4.5. Global Microdisplays Market Forecast
     4.5.1. Microdisplays Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Microdisplays Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Microdisplays Market Absolute $ Opportunity
5. Global Microdisplays Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Microdisplays Market Size and Volume Forecast by Applications
     5.3.1. Consumer electronics
     5.3.2. Military & Defense
     5.3.3. Automotive
     5.3.4. Industrial
     5.3.5. Medical
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Microdisplays Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Microdisplays Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Microdisplays Demand Share Forecast, 2019-2026
7. North America Microdisplays Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Microdisplays Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Microdisplays Market Size and Volume Forecast by Applications
     7.4.1. Consumer electronics
     7.4.2. Military & Defense
     7.4.3. Automotive
     7.4.4. Industrial
     7.4.5. Medical
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Microdisplays Demand Share Forecast, 2019-2026
8. Latin America Microdisplays Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Microdisplays Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Microdisplays Market Size and Volume Forecast by Applications
     8.4.1. Consumer electronics
     8.4.2. Military & Defense
     8.4.3. Automotive
     8.4.4. Industrial
     8.4.5. Medical
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Microdisplays Demand Share Forecast, 2019-2026
9. Europe Microdisplays Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Microdisplays Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Microdisplays Market Size and Volume Forecast by Applications
     9.4.1. Consumer electronics
     9.4.2. Military & Defense
     9.4.3. Automotive
     9.4.4. Industrial
     9.4.5. Medical
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Microdisplays Demand Share Forecast, 2019-2026
10. Asia Pacific Microdisplays Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Microdisplays Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Microdisplays Market Size and Volume Forecast by Applications
     10.4.1. Consumer electronics
     10.4.2. Military & Defense
     10.4.3. Automotive
     10.4.4. Industrial
     10.4.5. Medical
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Microdisplays Demand Share Forecast, 2019-2026
11. Middle East & Africa Microdisplays Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Microdisplays Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Microdisplays Market Size and Volume Forecast by Applications
     11.4.1. Consumer electronics
     11.4.2. Military & Defense
     11.4.3. Automotive
     11.4.4. Industrial
     11.4.5. Medical
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Microdisplays Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Microdisplays Market: Market Share Analysis
  12.2. Microdisplays Distributors and Customers
  12.3. Microdisplays Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Himax Technologies Inc.
     12.4.2. Kopin Corporation
     12.4.3. EMagin Corporation
     12.4.4. Wisechip Semiconductors Inc.
     12.4.5. Universal Display Corporation
Segments Covered in the Report:
The global microdisplays market has been segmented on the basis of
Projections
  • Near-To-Eye
  • Projection
Applications
  • Consumer electronics
  • Military & Defense
  • Automotive
  • Industrial
  • Medical
Technology
  • LCD
  • OLED
  • LCoS
  • DLP
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players Covered in the study
  • Himax Technologies Inc.
  • Kopin Corporation
  • EMagin Corporation
  • Wisechip Semiconductors Inc.
  • Universal Display Corporation
  • Microtips Technology LLC
  • Sony Semiconductors Solutions Corporation
  • LG Display Co. Ltd.
  • Micron Technology Inc.
  • Seiko Epson Corporation
  • Jasper Display Corp.
  • Yunnan Olightek Opto-Electronic Technology Co. Ltd.

Key players in the global microdisplays market include Himax Technologies, Inc., Kopin Corporation, EMagin Corporation, Wisechip Semiconductors Inc., Universal Display Corporation, Microtips Technology, LLC, Sony Semiconductors Solutions Corporation, LG Display Co. Ltd., Micron Technology Inc., Seiko Epson Corporation, Jasper Display Corp, and Yunnan Olightek Opto-Electronic Technology Co. Ltd. Samsung and HTC offer VR headsets on the purchase of new smartphones. This, in turn, is anticipated to drive the market. Manufacturers are providing low-cost technologies to reduce the costs. In 2018, Kopin Corporation introduced a new OLEd microdisplay for VR headsets, which supports 720p resolution, thus improving the user experience.

Global Microdisplays Market By Key Player

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