Due to the increasing number of near-to-eye (NTE) applications and the surging incorporation of heads-up display (HUD) integrated advanced driver assistance systems (ADASs) are the major factors propelling the growth of the global microdisplay market. As a result, the market is predicted to progress at a CAGR of 13.4% from 2020 to 2030 and attain a valuation of $4.0 billion by 2030.
The currently ongoing COVID-19 pandemic has significantly hampered the progress of the microdisplay market all over the globe. This is ascribed to the fact that the lockdown imposed in several countries in order to curb the spread of the COVID-19 virus has caused huge disruptions in the global supply chain of the parts and components used in microdisplay systems such as microcontrollers, prism sheets, display panels, and polarizers.
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On the basis of technology, the microdisplay market is divided into multiple categories namely DLP, LCD, LCoS, and OLED. Out of these, the LCD category is presently holding the largest market share and is predicted to dominate the market in the future years as well. The main factors responsible for the growth of the category are the rising usage of the LCDs across the world, on account of their numerous advantages such as compact size, lesser power consumption and lower price over the other technologies.
The objective of this research includes;
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As a result, the LCD displays are being increasingly used in HUDs, thermal-imaging glasses, HMDs, EVFs, and various other wearable devices. Globally, the Asia-Pacific (APAC) region is currently generating the highest revenue in the microdisplay market. Moreover, the market will be very lucrative in the APAC region in the forthcoming years. This is attributed to the existence of a large number of microdisplay manufacturing companies in the region and the subsequent fall in the costs of these systems. Due to these factors, the usage of microdisplay screens is increasing rapidly in APAC.
The research includes detailed analysis of;
Based on Technology
Based on Product Type
Based on Brightness
Based on End User
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