Microdisplay Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology, Type, Application - Global Opportunity Analysis and Industry Forecasts, 2014 - 2022

Microdisplay Market Overview:

Global Microdisplay Market is expected to garner $3 billion by 2022, registering a CAGR of 22.6% during the forecast period 2014-2022.

Microdisplay is a compact size display with less than a quarter-inch diagonal. It has user-configurable technology, high resolution, and high pixel density that is widely used in smart watches, smart bands, and smart glasses to enable quality images and high contrast ratio. Moreover, it provides super extended graphics array (SEGA) resolution for better angle viewing and enhanced brightness. LCD, DLP, and LCoS are widely used microdisplay technologies. Presently, microdisplay finds a wide range of applications in military & defense, for real-time monitoring and faster performance.

High resolution and excellent picture quality, low power consumption, and compact size have led to a higher adoption of microdisplays in military & defense, consumer electronics, and medical applications. Therefore, owing to these benefits the global microdisplay market is expected to grow rapidly shortly. However, high cost and low picture quality at high temperatures may restrain the market growth. Irrespective of the challenges, an increasing number of Near-To-Eye (NTE) applications in various consumer electronics such as head-mounted displays and smart glasses are expected to provide enormous opportunities for the market.

Segment Overview:

The global microdisplay market is segmented based on technology, type, application, and geography.

Global Microdisplay market Segmentation

The technology segment is dominated by LCD in terms of revenue contribution and is expected to maintain this trend throughout the forecast period, owing to high resolution and optimized power consumption. By type, the projection segment leads the market owing to its higher adoption in applications such as smart watches, smart bands, and car infotainments.

Microdisplay Applications

Based on various applications, consumer electronics, medical applications, and automotive applications are the most lucrative and are expected to exhibit faster growth compared to others. The global microdisplay market is segmented based on geographical regions, encompassing North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share of the global market, owing to rapid advancement in technology and increasing adoption of microdisplay in consumer electronics.

Competition Analysis

Comprehensive competitive analysis and profiles of major market players, such as 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, and Syndiant Inc. are also provided in this report. Currently, the microdisplay market is largely driven by growth strategies such as product launches, acquisitions, and partnerships. For instance, eMagin Company launched an Ultra-High Brightness Direct Patterned (DPD) full-color OLED microdisplay for head-mounted wearable devices.

Top Factors Impacting Global Microdisplay Market

High resolution and excellent picture quality

The high resolution and high pixel density display used in the microdisplay enables excellent picture quality without any change in the sub-pixels. The standard pixel used in microdisplay is 14001044 with a pixel density of 2916 ppi. In addition, these displays are also being used in health trackers to provide real-time monitoring. Thereby, driving the market growth.

Increasing Number of Near-To-Eye (NTE) Applications

The increase in demand for augmented reality devices such as smart glasses and head-mounted displays, where high-resolution microdisplay are used with a magnifying optical system. This increase in demand is due to its optimized power consumption and compact size. Moreover, it is widely being used in various applications such as military & defense, consumer electronics, and medical applications, which is expected to fuel the market growth in years to come.

Microdisplay Market Key Benefits:

• The study provides an in-depth analysis of the global microdisplay market to elucidate the prominent investment pockets in the market.
• Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
• It gives the key drivers, restraints, and opportunities with their impact analysis.
• Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA
• Analysis of value chain is conducted for better understanding of the role of stakeholders.