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Global Microdisplay Market by Type(Reflective And Transmissive), By Product (Near-to-Eye devices (HMD, Head-up display (HUD), and EVF), Projector and Others), By Technology (Organic Light-Emitting Diode (OLED), Liquid Crystal on Silicon (LCoS), Liquid Crystal Displays (LCD), and Digital Light Processing (DLP)), By End-User Industry (Consumer Electronics, Healthcare, Military, Defense And Aerospace, Automotive, Retail, Entertainment, Industrial and Others),and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2027
Global Microdisplay Market Overview:
The microdisplay is mainly a display that has a very small screen. It includes user-configurable technology, high pixel density, and high resolution widely used in head-mounted displays, digital cameras, rear-projection TVs, and data projectors to enable quality pictures and contrast ratio. Additionally, devices such as smartwatches have taken advantage of the high resolution and low power consumption of such displays. Furthermore, it offers a super-extended graphics array resolution for enhanced angle view and improved brightness. DLP, LCD, and LCoS that are extensively used in microdisplay technologies.
Global Microdisplay Market Insights
The global microdisplay market size was valued at USD 13.33 billion in 2019. It is projected to generate USD 4.10 billion by 2027, at a CAGR of 13.64 % from 2020 to 2027. The key factors are compactness and technological advancements of microdisplays, and growing high demand for HMDs. Additionally, the surge in demand for nanotechnology devices to detect micro-sized elements will foster the growth of the microdisplay market in the upcoming years. Further, the swelling adoption of consumer electronics and mounting consumer preferences for miniature displays will complement the global microdisplay market’s growth. The upsurge in demand for microdisplay in military & defense, consumer electronics, and medical application due to its high resolution & excellent picture quality, lower consumption, and compact size is projected to drive the growth of the market.
Moreover, the rise in demand for the AR/VR technology in the gaming & entertainment sector is anticipated to enhance the microdisplay demand. The growing consumer demand for small form factor microdisplay devices with improved features, such as more colors, faster response, higher power efficiency, and better contras, will propel the market demand globally. The rising popularity of the AR/VR technology and increasing demand for microdisplay across the globe is expected to witness remarkable growth in the market. Additionally, the increasing popularity of smartwatches and fitness trackers among consumers for various applications, such as health monitoring, lifestyle support, entertainment, and fitness monitoring, will stimulate the global microdisplay market share in the analysis periods. The AR and VR technology-based products, such as AR HMDs, HUDs, and VR HMDs, are projected to bolster the growth of the microdisplay market in the coming years. The surge in demand for microdisplay in military & defense for monochrome night-vision systems to provide an improved visual experience to soldiers will positively impact the market.
Growth Driver
Rising in demand for microdisplay due to its high resolution and excellent picture quality
Due to high resolution and high pixel density display used in the microdisplay enables it to excellent picture quality without any change in the sub-pixels. The standard pixel used in microdisplay is 1400104, with a pixel density of 2916 PPI. Also, these displays are being used in health trackers to provide real-time monitoring. Thereby driving market growth.
The growing number of near-to-eye applications
The surge in demand for augmented reality devices such as smart glasses and a head-mounted display, where high resolution is used with an optical magnifying system. The rise in demand due to its optimized power consumption and compact size. Moreover, it is primarily used in various applications such as military & defense, consumer electronics, and medical applications, which is estimated to fuel market growth.
Product Segmental Analysis
Based on the product, the global microdisplay[1] market classified into near-to-eye devices (HMD, head-up display (HUD), and EVF), projector, and others. The near-to-eye devices are expected to be the highest revenue share for microdisplay during the forecast period. The segment’s growth is primarily attributed to the upsurge in consumer inclination toward NED devices such as head-mounted displays and EVF. Additionally, the rise in demand for AR HMD glasses in the industrial and enterprise industry for providing on-the-job training to field workers, warehouse management, and maintenance and inspection activities will spur market growth.
The projector will witness a lucrative growth rate in the estimated period due to the upsurge in demand for DLP (Digital Light Processing) projectors in various sectors such as education and corporate training.
Type Segmental Analysis
Based on the type, the global microdisplay market bifurcates into reflective and transmissive. The transmissive segment held a higher market share in 2019 and projected to dominate the global Microdisplay market by 2027. It is due to the swelling penetration of LCoS and LCD technologies that the transmissive segment comprises and growing applications of transmissive microdisplays, which include near-to-eye displays.
The reflective will grow at a momentous CAGR in the forecast period. It is owing to the growing usages of reflective microdisplay in DLP projectors, in which tiny mirrors bounce light into the lens or projection path.
Technology Segmental Analysis
Based on the technology, the global microdisplay market segregated into organic light-emitting diode (OLED), liquid crystal on silicon (LCoS), liquid crystal displays (LCD), and digital light processing (DLP). The organic light-emitting diode (OLED) segment held for a momentous market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the increasing advantages of OLED, such as wider viewing angles, higher temperature range, faster refresh rate, and better contrast and enhanced features, such as high-power efficiency, faster response, and better contrast.
The liquid crystal displays (LCD) segment is poised to witness significant growth over the forecast period. It is due to the extensive use of LCD microdisplays in HUDs, HMDs, and Electronic Viewfinders (EVFs).
End-User Industry Segmental Analysis
Based on the end-user industry, the global microdisplay market segregated into consumer electronics, healthcare, military, defense and aerospace, automotive, retail, entertainment, industrial, and others. The military, defense, and aerospace segment will dominate the global microdisplay market by 2027. It is due to the surge in demand for low-power OLED microdisplays for several applications, such as thermal imaging, situational awareness, simulation, and training.
Consumer electronics accounted for the largest share of the microdisplay market in 2019 on account of the increasing adoption of smartphones, smartwatches, and smart glasses.
Region Segmental Analysis
By geography, the global microdisplay market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America estimated to project considerable growth over 2020-2027. It is owing to the early adoption of technologies and the increasing adoption of microdisplays in the consumer electronics sector. In North America, growing demand for integrated HMDs and HUDs in consumer, industrial and enterprise, and military, defense, and aerospace industries.
The Asia Pacific will capture a prominent share of the microdisplay market by 2027. Due to the escalation in the adoption of smart devices by a large number of consumers and growing demand across various industries.
Competitor Analysis
Companies such as AU Optronics Corp, eMagin Corporation, Himax Technology Inc., KopIn Corporation Inc., LG Display Co. Ltd, Microvision Inc., Omnivision Technologies, Inc., Sony Corporation, Syndiant Inc., Seiko Epson Corporation, Yunnan OLiGHTEK Opto-Electronic Technology, HOLOEYE Photonics AG, WiseChip Semiconductor, Raystar Optronics, and Universal Display Corporation are the key players in the global microdisplay market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global microdisplay manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to microdisplay
- Regulatory bodies
- Suppliers
- Retailers
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Reflective
- Transmissive
By Product
- Near-to-Eye devices
- HMD
- Head-up display (HUD)
- EVF
- Projector
- Others
By Technology
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP))
By End-User Industry
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Global Microdisplay Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- New Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Global Microdisplay Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Market Share & Forecast, 2016-2027
- By Type
- Reflective
- Transmissive
- By Product
- Near-to-Eye devices
- Head-mounted display (HMD)
- Head-up display (HUD)
- Electronic viewfinder (EVF)
- Projector
- Others
- Near-to-Eye devices
- By Technology
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP)
- By End-User Industry
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- North America Microdisplay Market Overview
- North America Microdisplay Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Unit)
- North America Microdisplay Market Share & Forecast, 2016-2027
- By Type
- Reflective
- Transmissive
- By Product
- Near-to-Eye devices
- Head-mounted display (HMD)
- Head-up display (HUD)
- Electronic viewfinder (EVF)
- Projector
- Others
- Near-to-Eye devices
- By Technology
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP)
- By End-User Industry
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
- By Country
- US
- Canada
- Mexico
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Microdisplay Market
- By Type
- Demand
- North America Microdisplay Market Size & Forecast, 2016-2027
- Europe Microdisplay Market Overview
- Europe Microdisplay Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Europe Microdisplay Market Share & Forecast, 2016-2027
- By Type
- Reflective
- Transmissive
- By Product
- Near-to-Eye devices
- Head-mounted display (HMD)
- Head-up display (HUD)
- Electronic viewfinder (EVF)
- Projector
- Others
- Near-to-Eye devices
- By Technology
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP)
- By End-User Industry
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Microdisplay Market
- By Type
- Demand
- Europe Microdisplay Market Size & Forecast, 2016-2027
- Asia Pacific Microdisplay Market Overview
- Asia Pacific Microdisplay Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Asia Pacific Microdisplay Market Share & Forecast, 2016-2027
- By Type
- Reflective
- Transmissive
- By Product
- Near-to-Eye devices
- Head-mounted display (HMD)
- Head-up display (HUD)
- Electronic viewfinder (EVF)
- Projector
- Others
- Near-to-Eye devices
- By Technology
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP)
- By End-User Industry
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Microdisplay Market
- By Type
- Demand
- Asia Pacific Microdisplay Market Size & Forecast, 2016-2027
- South America Microdisplay Market Overview
- South America Microdisplay Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- South America Microdisplay Market Share & Forecast, 2016-2027
- By Type
- Reflective
- Transmissive
- By Product
- Near-to-Eye devices
- Head-mounted display (HMD)
- Head-up display (HUD)
- Electronic viewfinder (EVF)
- Projector
- Others
- Near-to-Eye devices
- By Technology
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP)
- By End-User Industry
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Microdisplay Market
- By Type
- Demand
- South America Microdisplay Market Size & Forecast, 2016-2027
- Middle East & Africa Microdisplay Market Overview
- Middle East & Africa Microdisplay Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Consumption
- By Volume (Number of Units)
- Middle East & Africa Microdisplay Market Share & Forecast, 2016-2027
- By Type
- Reflective
- Transmissive
- By Product
- Near-to-Eye devices
- Head-mounted display (HMD)
- Head-up display (HUD)
- Electronic viewfinder (EVF)
- Projector
- Others
- Near-to-Eye devices
- By Technology
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP)
- By End-User Industry
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Price-Point Analysis
- Manufacturer & Distributor List (Top 5)
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Microdisplay Market
- By Type
- Demand
- Middle East & Africa Microdisplay Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- AU Optronics Corp
- eMagin Corporation
- Himax Technology Inc.
- KopIn Corporation Inc.
- LG Display Co. Ltd
- Microvision Inc.
- Omnivision Technologies, Inc.
- Sony Corporation
- Syndiant Inc.
- Seiko Epson Corporation
- Yunnan OLiGHTEK Opto-Electronic Technology
- HOLOEYE Photonics AG
- WiseChip Semiconductor
- Raystar Optronics
- Universal Display Corporation
- Other Prominent Players
