The global market for microdisplay is projected to have considerable CAGR of around 30.5% during the forecast period. The major factors that propels the microdisplay market include the properties such as compact size, technological development in microdisplay growing demand of OLED microdisplay, growing application of microdisplay in advanced driver-assistance systems (ADAS) and others. Microdisplays are the essential technology for Near-to-Eye (NTE) displays, and Head Mounted Displays (HMD) for the application in AR, VR, military training, immersive gaming and simulation. The advanced microdisplay technology is expected to lead the next-generation applications in consumer electronics market owing to various beneficial factors such as immersive screens, thinner, lightweight, durability and differentiating form. Moreover, growing demand of microdisplays in wearable such as smart watches further provides significant opportunity to the market.
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The global microdisplay market is segmented based on type, technology, and end-user industry. On the basis of type the global market for microdisplay is further classified into projectors, near-to-eye (NTE) display, and others. The NTE display type is widely adopted for AR glasses in industrial applications therefore growing significantly during the forecast period. Based on the technology, the market is further classified into organic light-emitting diode (OLED), liquid crystal display (LCD), liquid crystal on silicon (LCOS), and digital light processing (DLP). On the basis of end-user industry the market is further segregated into automotive, consumer electronics, military & defence, industrial, and others. Among end-user industry the consumer electronics industry estimated to have considerable CAGR during the forecast period. The growing demand of microdisplay in wearable, smartphone and others are contributing in the growth of the segment.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Microdisplay Market Segmentation
By Type
- Projectors
- Near-to-Eye (NTE) Display
- Others( Head-up Display)
By Technology
- OrganicLight-Emitting Diode (OLED)
- Liquid Crystal Display (LCD)
- Liquid Crystal On Silicon ( LCOS)
- Digital Light Processing (DLP)
By End-user Industry
- Automotive
- Consumer Electronics
- Military & Defence
- Industrial
- Others( Healthcare)
Global Microdisplay Market – Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global microdisplay market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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