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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Among technology, the LCD segment held a considerable share in the market owing to increasing demand of LCD display for various end-user industry such as consumer electronics, automotive and others. LCD is the lowest cost flexible display technology that can be produced on current flat panel display lines. The scalability of the technology to larger sizes along with durability and high brightness makes it ideal to meet automotive lifetime and reliability standards with the use of efficient materials and processes. With LCD technology, the automotive designers will have the option to replace currently available flat screens with bendable, wrappable, and glass-free OLCD technology. As a result, it is ideally suited for interior shapes in modern cars while enabling smart surfaces.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- 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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