Microdisplay Technology Advances: Market Analysis and Strategic Developments
The microdisplay market is expected to reach USD 3.0 billion in 2029 from USD 1.3 billion in 2024, expanding at a CAGR of 18.2% during the forecast period. The increase in demand for microdisplays is due to the integration of displays into various devices such as wearables and near-to-eye devices. The market may grow due to factors such as technological improvements in microdisplays such as MicroLED and OLEDoS technology, miniaturization trend in consumer electronics, increased usage of HMDs across a number of sectors, and growing global adoption of ADAS and HUDs in automotive sector.
NTE segment likely to lead the product segment during the
forecast period.
The-NTE-devices-is projected to hold
major-market-share-of-the-microdisplay-market-in-2029. NTE-devices include
cameras, EVFs, and Head-Mounted Displays (HMDs). These devices are small,
portable, and lightweight. They are equipped with microdisplays that point to
the elements to be identified or viewed. Microdisplays are becoming more
popular for use in applications involving cameras and electronic viewfinders
(EVFs) than head-mounted displays. AR Head-Mounted Displays (HMDs) have been
employed in pre-hospital care, clinical nursing, and inpatient medical therapy.
While AR HMDs use microdisplays to reduce device size and enhance battery
efficiency, VR HMDs provide users with computer-generated experiences within
simulated environment. VR headsets are employed in various areas, including
healthcare, retail, gaming and entertainment, and e-commerce.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=430
Higher than FHD and 500 to 1000 nits’ segment are
expected to expand at the highest CAGR in the resolution & brightness
segment.
The higher than FHD segment of the microdisplay market is
forecast to have the most rapid growth in terms of CAGRs by 2029. Head-mounted
displays often use microdisplays in this segment due to their immersive
experiences and enhanced image quality. Higher FHD microdisplays have
resolutions greater than 1920x1080. Also, in the brightness segment, the 500 to
1000 units on microdisplay market is likely to expand at highest CAGR during
2024 to 2029 periods. This growth trend has been attributed to increasing use
of microdisplays in head-mounted devices and heads-up displays within a
brightness range of 500-1000 nits.
Asia Pacific is estimated to account for the largest
market share in the global microdisplay market by 2029.
Asia Pacific is projected to lead the microdispaly market
from 2024 to 2029. In addition to the fact that Japan is home to several
prominent EVF vendors, Asia-Pacific is expected to continue to have the highest
demand for microdisplays to be used in NTE devices during the projected
timeframe. Major camera manufacturers are based in Asia Pacific region. For
instance, Canon, Nikon, and Sony together comprises of more than 90% of the
camera market. As a result, Japan's demand for microdisplays fuels expansion in
the microdisplay market throughout the region. Furthermore, Asia Pacific is
predicted to be the largest LCD microdisplay market from 2024 to 2029. LCD
microdisplays are in high demand in cameras, EVFs, and projectors, with the
majority of vendors located in this region. The market in this region is
predicted to grow rapidly, driven mostly by growing economies and an increasing
number of small- and medium-sized enterprises, as well as government-imposed
digital transformation regulations.
Key Players
Seiko Epson Corporation (Japan), SeeYA Technology (China),
Sony Group Corporation (Japan), Kopin Corporation (US), Himax Technologies,
Inc. (Taiwan), and HOLOEYE Photonics AG (Germany) are some of the major
companies in the microdisplay market.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine offering to drive
supernormal growth for progressive organizations in the B2B space. We have the
widest lens on emerging technologies, making us proficient in co-creating
supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion
of new revenue streams that are substituting existing revenue streams in this
decade alone. We work with clients on growth programs, helping them monetize
this $25 trillion opportunity through our service lines - TAM Expansion,
Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account
Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive
ecosystem. Our insights and strategies are molded by our industry experts,
cutting-edge AI-powered Market Intelligence Cloud, and years of research. The
KnowledgeStore™ (our Market Intelligence Cloud) integrates our research,
facilitates an analysis of interconnections through a set of applications,
helping clients look at the entire ecosystem and understand the revenue shifts
happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or
follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments: