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The global micro displays market size is expected to reach USD 9.50 Billion at a steady CAGR of 38.2% in 2028, according to latest analysis by Emergen Research.
Increase in demand for thin and more advanced and efficient displays consisting of organic light-emitting (OLED) materials is a key factor driving global micro displays market revenue growth. Micro displays have excellent quality, high resolution, low power consumption, and are of compact size. These advantages make these products ideal for usage in consumer electronics, military & defense equipment and devices, and in healthcare devices and equipment.
Rise in popularity of Virtual Reality (VR) and Augmented Reality (AR) and development of ultra-high definition microdisplay screens is driving growth of the market to a major extent. Increase in popularity of extended reality and development of VR glasses, which use highly advanced micro displays to provide wearers an enhanced view, will propel adoption of micro displays in wearable devices going ahead.
Micro displays are used in smart watches, smart glasses, and smart bands to enable high contrast ratio and quality images. Furthermore, it also provides Super Extended Graphics Array (SEGA) resolution for enhanced brightness and better angle viewing. Rising demand for medical displays will provide a range of opportunities for various players operating in the market. However, high cost of manufacturing micro displays is a key factor expected to hamper demand for this technology to a certain extent.
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Report Objectives
Examine the size of the global Micro Displays market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Micro Displays market.
Explore the underlying dynamics of the global Micro Displays market.
Highlight significant trends of the global Micro Displays market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Micro Displays market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Micro Displays market.
Forecast the market size and share of all segments and regions in the global landscape.
Asia Pacific accounted for largest revenue share in 2020 due to rapid industrialization, and presence of large numbers of Original Equipment Manufacturers (OEMs) in countries in the region. Increasing penetration of smartphones and other micro-display based devices is further expected to drive growth of the market.
Key players in the market include Seiko Epson, Sony Corporation, Kopin Corporation, Himax Technologies, Holoeye Photonics, Winstar Display, Wisechip Semiconductor, LG Display Co. Ltd., Yunnan Olightek Opto-Electronic Technology Co., Ltd., and Microtips Technology, LLC.
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Regional scope: North America; Europe; Asia Pacific; Central & South America; MEA
Product Component Outlook (Revenue, USD Million; 2018–2028)
Near-to-Eye (NTE) Devices
Head-Mounted Display (HMD)
AR HMD
VR HMD
Electronic Viewfinder (EVF)/Camera
Head-Up Display (HUD)
Projectors
Pico Projector
Data Projector
Others
Rifle Scopes
Medical Equipment Monocular
Binocular Systems
Thermal Imaging Glasses
Technology Outlook (Revenue, USD Million; 2018–2028)
Liquid Crystal Display (LCD)
Liquid Crystal On Silicon (LCoS)
Organic Light-Emitting Diode (OLED)
Digital Light Processing (DLP)
Resolution Outlook (Revenue, USD Million; 2018–2028)
Lower than HD
HD
FHD
Higher than FHD
Brightness Outlook (Revenue, USD Million; 2018–2028)
Less than 500 NITS
500 To 1000 NITS
More than 1000 NITS
Industry Outlook (Revenue, USD Million; 2018–2028)
Automotive
Consumer
Military, Defense, and Aerospace
Education
Industrial & Enterprise
Medical
Sports & Entertainment
Retail & Hospitality
Others
BFSI
Telecommunications
Construction
Agriculture
Transportation
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
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Important Points Mentioned in the Micro Displays Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years’ sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Micro Displays Market Segmentation & Impact Analysis
Chapter 5. Micro Displays Market By Usages Insights & Trends, Revenue (USD Billion)
Chapter 6. Micro Displays Market By Design Insights & Trends Revenue (USD Billion)
Chapter 7. Micro Displays Market By Material Insights & Trends Revenue (USD Billion)
Chapter 8. Micro Displays Market By Applications Insights & Trends Revenue (USD Billion)
Chapter 9. Micro Displays Market By Marketing Channels Insights & Trends Revenue (USD Billion)
Chapter 10. Micro Displays Market Regional Outlook
Continued…
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