Microdisplay Market size worth $ 3032 Million, Globally, by 2030 at 13.5% CAGR: Verified Market Research®

The growing adoption of smartwatches and fitness trackers among youth consumers for numerous applications, like health monitoring, lifestyle support, entertainment, and fitness monitoring, is predicted to fuel the demand for Microdisplays Market.

JERSEY CITY, N.J,, Aug. 16, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Microdisplay Market" By Product (NTE Display Devices, Projection Devices), By Application (Automotive, Military, Defense, and Aerospace), By Technology (OLED, LCoS), By Resolution (1920×1080 and >1920×1080, 1024×768 and 1280×1024), and By Geography. According to Verified Market Research, the Microdisplay Market size was valued at USD 1089 Million in 2021 and is projected to reach USD 3032 Million by 2030, growing at a CAGR of 13.5% from 2022 to 2030.

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Browse in-depth TOC on "Microdisplay Market"

202 - Pages
126 – Tables
37 – Figures

Global Microdisplay Market Overview

The medical trade is boosting the market due to the rising installation of diagnostic instrumentation, like CT scanners, electrocardiogram machines, and medical imaging machines. Organic LED (OLED) microdisplays are predominately employed in monochrome night-vision systems for military applications, like situational awareness, thermal imaging, and coaching of troopers. Moreover, gaming (VR) headsets compatible with smartphones, and several other alternative devices are being adopted by children for increased play expertise. Smartphone makers like Samsung and HTC conjointly supply VR headsets for the acquisition of the newest smartphones, this trend is driving the world market.

Moreover, the growing adoption of smartwatches and fitness trackers among youth customers for varied applications, like health observance, way support, diversion, and fitness observance, is foretold to fuel the demand for microdisplays throughout the forecast period. The emergence of microdisplay-based holographic displays has absolutely anticipated dynamical the expansion of the world Microdisplay Market throughout the forecast period. There are challenges that will hinder the market growth. The factors like the event of power-efficient microdisplays with high resolution and brightness are limiting the market growth.

Key Developments

• March 2020 Sony made its ECX335S microdisplays available in the market through its global partner for vision technologies, namely, Framos.

Key Players

The major players in the market are eMagin Corporation, Universal Display Corporation, AU Optronics Corp, KopIn Corporation Inc., Micron Technology Inc., Himax Technology Inc., LG Display Co. Ltd, Microvision Inc., Sony Corporation, Syndiant Inc.

Verified Market Research has segmented the Global Microdisplay Market On the basis of Product, Technology, Application, Resolution, and Geography.

• Microdisplay Market, By Product
• NTE Display Devices
• Projection Devices
• Others
• Microdisplay Market, By Application
• Consumer
• Industrial & Enterprise
• Automotive
• Military, Defense, and Aerospace
• Sports & Entertainment
• Retail & Hospitality
• Medical
• Education
• Others
• Microdisplay Market, By Technology
• LCD
• LCoS
• OLED
• DLP
• Microdisplay Market, By Resolution
• 1920×1080 and >1920×1080
• 1024×768 and 1280×1024
• 800×600, 800×480, and 854×480
• <640×480 and 640×380
• <640×480 and 640×380
• Microdisplay Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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