Global Microdisplay Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 5/24/2023
- NO OF PAGES
- 286
- CATEGORY
- Information Communication & Technology
The global Microdisplay market size was valued at USD 1,200 million in 2022 and is projected to reach USD 4,100 million by 2033, growing at a CAGR of 24.1% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 1,200 million |
Market Forecast in 2033 | USD 4,100 million |
CAGR % 2023-2033 | 24.1% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Sony Corporation; eMagin Corporation; Himax Technologies, Inc.; Kopin Corporation; MicroVision, Inc.; Universal Display Corporation LG Display Co., Ltd.; Japan Display Inc.; AU Optronics Corp.; Syndiant Inc. |
The microdisplay market refers to the market for small-sized displays used in various electronic devices such as smartphones, head-mounted displays, augmented reality (AR) and virtual reality (VR) devices, smart glasses, digital cameras, and wearable devices. These displays are characterized by their compact size, high pixel density, and low power consumption. The rising popularity of augmented reality and virtual reality applications across industries such as gaming, entertainment, healthcare, and education is driving the demand for microdisplays. These devices require high-resolution displays with low latency and high refresh rates, which microdisplays can provide. Technological advancements in microdisplay technologies, such as organic light-emitting diode (OLED) and liquid crystal on silicon (LCOS), have resulted in improved image quality, higher resolution, and enhanced energy efficiency. These advancements have further boosted the demand for microdisplays in various applications.
Global Microdisplay market: Key Trends
• Growing adoption of OLED microdisplays:
OLED microdisplays offer several advantages, including high contrast ratio, wide color gamut, and fast response time. These displays are being increasingly adopted in AR/VR headsets and other wearable devices due to their superior image quality and compact form factor.
• Increasing demand for head-up displays (HUDs):
Head-up displays are being increasingly used in automotive applications to provide drivers with real-time information without distracting their attention from the road. Microdisplays, particularly LCOS-based displays, are preferred for HUDs due to their high brightness, wide viewing angles, and compact size.
Global Microdisplay market: Geographical landscape
The microdisplay market can be analyzed based on regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe have been leading markets for microdisplays, driven by the presence of major AR/VR companies, technological advancements, and high consumer disposable income. Asia Pacific is expected to witness significant growth due to the increasing adoption of AR/VR devices, advancements in display technologies, and the presence of key manufacturers in countries like China, Japan, and South Korea.
Global Microdisplay Market- Recent Developments
• In 2022, MICLEDI Microdisplays, a prominent company specializing in microLED display technology for augmented reality (AR) glasses, and Kura Technologies, a renowned pioneer in AR headset development, have jointly revealed a partnership to produce AR glasses. Kura has taken charge of designing the new glasses, while incorporating MICLEDI's exceptional 300mm microLED displays to meet the demanding performance standards of Kura's forthcoming AR glasses. These next-generation glasses, built upon Kura's exclusive architecture spanning from the chip level upwards, showcase remarkable performance capabilities that push the boundaries of innovation.
Global Microdisplay market: Segmental Analysis
By Technology
• OLED
• LCOS, DLP (Digital Light Processing)
• Others
By Resolution
• HD (High Definition)
• FHD (Full High Definition)
• UHD (Ultra-High Definition)
• others.
By Application
• AR/VR devices
• head-up displays
• head-mounted displays
• digital cameras
• others.
By End-user
• Consumer electronics
• Automotive
• Healthcare
• aerospace and defense
• others.
Global Microdisplay Market: Key Companies
• Sony Corporation
• eMagin Corporation
• Himax Technologies, Inc.
• Kopin Corporation
• MicroVision, Inc.
• Universal Display Corporation
• LG Display Co., Ltd.
• Japan Display Inc.
• AU Optronics Corp.
• Syndiant Inc.
• Others
Global Microdisplay Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Why to buy this Report?
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders.
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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