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Global Microdisplay Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 286
  • CATEGORY
  • Information Communication & Technology
Market Overview
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.


Global Microdisplay Market- Description
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 quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

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.

The companies are analyzed in terms of following factors such as:
• 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.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

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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