Microdisplay Market Report 2023-2028: Global Industry Trends, Share, Opportunity and Forecast

According to IMARC Group's latest research report, titled "Microdisplay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights into the microdisplay market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global microdisplay market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.

Microdisplay Market Outlook:

Microdisplays refer to small-sized screens that have a diagonal size of less than two inches. They are commonly used in head-up displays (HUDs), rear-projection televisions (TVs), head-mounted displays (HMDs), data projectors, near-to-eye (NTE) devices, etc. Microdisplays can either be reflective or transmissive. They also offer numerous advantages, such as high resolution, compact size, excellent picture quality, low power consumption, super extended graphics array (SEGA) for improved angle viewing and brightness, etc. Consequently, microdisplay systems find wide-ranging applications in several sectors, including automotive, aerospace, media and entertainment, retail, hospitality, healthcare, education, etc.

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Microdisplay Market Growth:

The inflating popularity of augmented reality and virtual reality solutions and the increasing need for medical screens are among the key factors driving the microdisplay market. In addition to this, the introduction of high-definition and ultra-high-definition product variants by leading manufacturers is acting as another significant growth-inducing factor. Moreover, the growing consumer inclination towards organic light emitting or OLED microdisplays, owing to their various advanced features, such as higher contrast, faster response time, thinner screens, a vast range of operating temperatures, etc., is catalyzing the market growth. Apart from this, the rising usage of these displays in the defense sector for real-time monitoring is also bolstering the global market. Additionally, the escalating demand for lightweight and compact VR glasses for electronic viewfinders (EVF) and AR smart glasses for logistics applications is further stimulating the market growth. Besides this, the widespread adoption of advanced driver assistance systems (ADAS) and head-up display (HUD) in automobiles is anticipated to fuel the microdisplay market over the forecasted period.

Key Market Segmentation:

Competitive Landscape with Key Players:

• Kopin Corporation
• Himax Technologies Inc,
• eMagin Corporation
• WiseChip Semiconductor Inc
• Microtips Technology
• LLC
• Universal Display Corporation
• Sony Semiconductor Solutions Corporation
• Micron Technology Inc.
• LG Display Co. Ltd.
• Seiko Epson Corporation
• Yunnan Olightek Opto-Electronic Technology Co. Ltd
• Jasper Display Corp.

Breakup by Product:

• Near-To-Eye (NTE) Devices 
• Head-Up Display (HUD)
• Projector
• Others

Breakup by Technology:

• Liquid Crystal Display (LCD)
• Liquid Crystal on Silicon (LCOS)
• Organic Light-Emitting Diode (OLED)
• Digital Light Processing (DLP)

Breakup by Resolution:

• Lower Than HD
• HD
• FHD
• Higher Than FHD

Breakup by Brightness:

• Less Than 500 Nits
• 500–1,000 Nits
• More Than 1,000 Nits

Breakup by End-User:

• Consumer 
• Industrial and Enterprise 
• Automotive 
• Military, Defense, and Aerospace 
• Sports and Entertainment 
• Retail and Hospitality 
• Medical 
• Education 
• Others 

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance 
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape