The transition of the display industry from cathode ray tube (CRT) to organic light emitting diodes (OLED) has been crucial in boosting the demand for microdisplay technology.
Microdisplays Market - Witness vigorous expansion by 2025
1. Microdisplays Market - Witness vigorous expansion by 2025
Global Microdisplays Market: Snapshot
Low entry barrier and escalating number of revenue avenues are two of the
most prominent attributes of the global microdisplays market, and the future
seems prosperous. Currently, there are a few large and small vendors operat-
ing in the microdisplays market, focusing on new product launches, partner-
ships, and acquisitions to increment their customer base. For example, for
head mounted wearable devices, eMagin Company recently introduced their
ultra-high brightness direct patterned (DPD) full color microdisplay.
In the near future, the market for microdisplays will continue to grain traction
from a number of factors, such as emerging demand for HUDs, increasing use
2. of microdisplays for military purposes, and shifting focus on reducing global
aircraft accident rate. The automotive sector in particular, is paving way for
compact and less expensive microdislays. On the other hand, high cost of pro-
duction, technical issues, lack of a standard regulatory framework, design lim-
itations, bulky nature of HUDs, and the need for high-quality sensors are
some of the factors hindering the market from achieving its full potential.
Nevertheless, the vendors of this market will continue to gain new opportuni-
ties due to several reasons. Some of the emerging trends of the global mi-
crodisplays market are growing popularity of microdisplays for different ap-
plications, introduction of next-generation microdisplay technologies, emerg-
ing demand from automotive industry, increasing safety concerns, introduc-
tion of innovative HUDs, and escalating demand for multipurpose helicopters.
The report presents comprehensive analysis all of these factors and estimates
their eventual impact over the market during the forecast period.
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3. Global Microdisplays Market: Overview
The advent of various microdisplays is ascribable to the latest technological
advancements. The transition of the display industry from cathode ray tube
(CRT) to organic light emitting diodes (OLED) has been crucial in boosting
the demand for microdisplay technology. The report therefore forecasts strong
growth for the global microdisplays market.
In order to provide a holistic market overview, the report covers aspects such
as investment feasibility for the new entrants, competitive landscape, results
obtained from supply chain and manufacturing cost analysis, and segmenta-
tion based on various parameters. Compiled to provide readers a better per-
spective of the global microdisplays market it also provides insights into the
growth drivers and restraints impacting the market’s trajectory.
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4. Global Microdisplays Market: Trends and Opportunities
The market is expected to significantly gain from the diverse applications of
microdisplays across consumer electronics and defense and military indus-
tries. In these industries microdisplays are used in video phones camcorders,
digital camera viewfinders, and others. Furthermore, with the increasing up-
take of augmented reality, the use of microdisplays in devices such as HUDs
and HMDs is projected to rise.
On the flip side the high cost and delayed launch of microdisplay devices
could lead to their lack of acceptance. Nevertheless with technological ad-
vancements, manufacturers must be able to address these concerns and cater
to the dynamic consumer demand.
Global Microdisplays Market: Regional Outlook and Key Segments
The report predicts double-digit growth for the global microdisplays market.
Among the key regional segments, the market is likely to witness the most lu-
crative prospects in Europe and North America. The growth of the consumer
applications sector will bolster growth of the microdisplays market across
5. these regions. Besides this, the demand for microdisplays will be seemingly
high in China, South Korea, and Japan, giving thrust to the market in Asia Pa-
cific.
Based on application, the automotive industry is exhibiting high demand for
microdisplays with head mounted displays. The technology is extensively
used for prototyping a vehicle design in the automotive industry. This helps
engineers with information such as the exact position of different vehicle
parts. In addition, microdisplays are often integrated in the latest vehicle mod-
els to provide additional information with night visions to drivers. Other ap-
plication of microdisplays are holograms, flight trainings, and data storage.
Global Microdisplays Market: Vendor Landscape
To gauge the prevalent competitive trends the report also profiles some of the
leading companies operating in the global microdisplays market. It therefore
includes a detailed assessment of business strategies adopted by companies
such as WiseChip Semiconductors, Universal Display Corp., AU Optronics,
Kopin Corp., eMagin Corp., MicroOLED, Sony Mobile Display Corp., Mi-
crovision Inc., and Hana Microdisplay Technologies Inc.
6. An analysis into their strengths and weaknesses could provide major insights
into the outcome of the latest business strategies. The information can prove
indispensable for other market players. The report therefore conducts SWOT
analysis on the companies profiled in the report. This analysis also presents
insights into the threats and opportunities that these enterprises may witness
over the course of the forecast period.
The study presents reliable qualitative and quantitative insights into:
Market segments and sub-segments
Market trends and dynamics
Supply and demand chain of the market
Market valuation (revenue and/or volume)
Key trends/opportunities/challenges
Forces defining present and estimated future state of the competitive
landscape
7. Technological developments
Value chain and stakeholder analysis
The regional analysis covers:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
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