LONDON, Jan. 13, 2016 /PRNewswire/ -- The microdisplays technology enhances the quality of images and videos in spite of the small dimension of the screen. The global microdisplays market is expected to reach USD 1.5 billion by 2020, at a CAGR of 23.3% between 2015 and 2020. In terms of geography, North America is estimated to hold a large market share of ~57% in 2015 mainly because of the development in the U.S., followed by APAC and Europe. The key driving factor behind the growth of the said market is the presence of key players in the region and the growing usage of microdisplays in various application areas including NTE, and HUDs.
The major players in the microdisplays market are adopting different strategies to grow in this market. As the number of established players is gradually growing in the global marketplace, it has become imperative for players to gain a competitive edge over other companies, mainly based on their products. The strategies players adopt are new product launches, partnerships, agreements, contracts, collaborations, and mergers and acquisitions.
The report provides a detailed insight into the current microdisplays market, and identifies key trends in the various segments of the market along with providing in-depth quantitative and qualitative information. The report segments the global microdisplays market on the basis of verticals, technologies, applications, and geography. Furthermore, it provides market size forecasts till 2020. Detailed geographic insights with respect to major regions such as North America, APAC, Europe, and Rest of the World have also been included in the report.
Some of the major manufacturers of microdisplays are eMAGIN , Kopin Corporation , Fourth Dimension Displays , Himax Display , Syndiant , MicroOLED , OLiGHTEK , and Microvision among others.
The market analysis includes the market overview and industry analysis along with market dynamics and additional qualitative analysis. The market classification encompasses segmentation & sub-segmentation of the market on the basis of technologies, verticals, applications, and geography. The market landscape covers a detailed competitive landscape and company profiles of key players in the market.
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