Microdisplay Market Size to Reach USD 2731.6 Million by 2026 at CAGR 19.4% | Valuates Reports

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BANGALORE, India, March 22, 2021 /PRNewswire/ -- The Microdisplay Market is Segmented Type by Type (LCD Monitor, Liquid Crystal On Silicon, Organic Light Emitting Diode), Application (Consumers, Military, Automotive, Business, Medical, Education, Others). The report covers global opportunity analysis and industry forecast from 2021 to 2027. It is published on Valuates Reports in the Computers & Electronics Category.

The global Microdisplay market size is projected to reach USD 2731.6 Million by 2026, from USD 777.6 Million in 2019, at a CAGR of 19.4% during the forecast period 2021-2026.

The rising demand for portable devices such as HMDs and HUDs, increasing application areas of microdisplays and rapid technological advancements are the major drivers for the microdisplay market growth.

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TRENDS INFLUENCING THE MICRODISPLAY MARKET SIZE

An increasing number of near-to-eye (NTE) applications is expected to increase microdisplay market size. The rise in augmented reality devices like smart glasses and head-mounted displays combine a high-resolution microdisplay with an optical magnifying system. People, especially youngsters, are using virtual reality (VR) headsets that are compatible with smartphones and other devices to improve their gaming experience. This shift in preference is expected to push the market forward.

Features such as high resolution and excellent picture quality are expected to drive the microdisplay market size. The microdisplay high resolution and pixel density display allow for outstanding picture quality without any subpixel adjustments. Because of their advanced features, such as higher contrast, quicker response time, and a wider operating temperature range than LCDs, OLED microdisplays are gaining traction.

The increasing popularity of smartwatches and fitness trackers among consumers for a variety of applications such as health tracking, lifestyle support, entertainment, and fitness monitoring is expected to boost demand for microdisplays. During the forecast period, the introduction of microdisplay-based holographic displays is also expected to boost the market growth.

The demand for microdisplay used in digital cameras is decreasing owing to reduced demand and the nearly saturated digital camera market. Furthermore, the amount of video projectors being shipped is also declining. As a result, lower demand for digital cameras and projectors might limit the growth of microdisplay market size.

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MICRODISPLAY MARKET SHARE ANALYSIS

Due to the increasing adoption of smartphones, smartwatches, and smart glasses, the consumer electronics segment is expected to witness significant growth during the forecast period. Furthermore, the increasing popularity of virtual reality gaming headsets, combined with a change in customer preferences toward the miniaturization of electronic devices to make them more compact and portable, is expected to drive the segment's growth over the forecast period.

Based on region, North America is expected to witness significant growth. Increased investment in microdisplay by the US military for night vision HUDs and thermal imaging drives the microdisplay market size in the region. On the other hand, Asia Pacific is expected to witness the highest growth rate over the forecast period.

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MICRODISPLAY MARKET KEY SEGMENTS

Segment by Type

• LCD Monitor
• Liquid Crystal On Silicon
• Organic Light Emitting Diode

Segment by Application

• Consumers
• Military
• Automotive
• Business
• Medical
• Education
• Other

By Company

• Emagin
• Himax Technologies
• Japan Display
• Kopin
• Seiko Epson
• Yunnan Olightek Opto-Electronic Technology
• Holoeye Photonics
• Microoled
• Microtips Technology
• Syndiant
• Wisechip Semiconductor

By Region

• North America
• Europe
• China
• Japan
• South Korea
• Taiwan

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SIMILAR REPORTS :

-  The MicroLED market size is projected to reach USD 1537.8 Million by 2026, from USD 7 Million in 2019, at a CAGR of 115.5% during 2021-2026.

-  The Global AR/VR Display Market size is expected to grow from USD 2,073.54 Million in 2019 to USD 5,344.68 Million by 2025 at a Compound Annual Growth Rate (CAGR) of 17.09%.

-  OLED Microdisplay Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (6.3µm Pixel Pitch, 9.6µm Pixel Pitch, 9.3µm Pixel Pitch, 12µm Pixel Pitch, 15µm Pixel Pitch), By Application (Camera EVFs, VR/AR, Medical Military, Others) and Regional Opportunity Analysis and Industry Forecast.

-  The AMOLED Display Market size is expected to grow from USD 17,182.81 Million in 2019 to USD 31,575.91 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 10.67%.

-  LCoS Microdisplay Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Lower than HD, HD, FHD, Higher than FHD), By Application (Near-to-Eye (NTE) Devices, HUD, Projector, Others) and Regional Opportunity Analysis and Industry Forecast.

-  Microdisplay Projector Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2021 to 2026. The Report contains segmentation By Type (Embedded Type, Laser Type, USB Type), By Application (Home Application, Automotive, Others) and Regional Opportunity Analysis and Industry Forecast.

-  The global Volumetric Display market size is projected to reach USD 650.3 Million by 2026, from USD 192.4 Million in 2019, at a CAGR of 18.9% during 2021-2026.

-  The global Volumetric Video market size is projected to reach USD 1852.3 Million by 2026, from USD 592.5 Million in 2020, at a CAGR of 20.9% during 2021-2026.

-  The augmented reality and virtual reality market size was USD 11.35 Billion in 2017, and the augmented reality and virtual reality market forecast is projected to reach USD 571.42 Billion by 2025, growing at a CAGR of 63.3% from 2018 to 2025.

-  The U.S. augmented, and virtual reality market size was valued at USD 4.6 Billion in 2019 and is projected to reach USD 85.7 Billion by 2027, growing at a CAGR of 52.9% from 2020 to 2027.

-  The global Head Mounted Display (HMD) market size is projected to reach US$ 27370 million by 2026, from US$ 6743.9 million in 2019, at a CAGR of 22.0% during 2021-2026.

-  The global Head Up Display (HUD) market size is projected to reach USD 3291.9 Million by 2026, from USD 1092 Million in 2019, at a CAGR of 17.0% during 2021-2026.

-  The global Virtual Reality market size is projected to reach USD 22570 Million by 2026, from USD 7958.3 Million in 2020, at a CAGR of 19.0% during 2021-2026.

-  The global Augmented Reality Market size is projected to reach USD 6661.3 million by 2026, from US$ 4961.2 million in 2020, at a CAGR of 32.6%% during 2021-2026..

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