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microdisplay market

microdisplay market

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microdisplay market

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  1. 2022 Growing Use of HUD-Integrated ADAS Driving Microdisplay Market Expansion

  2. The global microdisplay market was valued at $1,145.6 million in 2020, and it is predicted to progress at a CAGR of 17.1% from 2020 to 2030. The major factors driving the expansion of the market are the growing use of heads-up display (HUD)-integrated advanced driver assistance systems (ADAS), owing to the rising incidence of road accidents, especially in China, the U.S., and Japan, and surging number of near-to-eye (NTE) applications. According to the Federal Motor Carrier Safety Administration (FMCSA), the U.S. launched a project to facilitate the use of ADAS in the trucking industry in 2019 due to the ability of ADAS to mitigate the prevalence of road crashes, injuries, and fatalities. The government allocating $0.65 million to the project, which is predicted to be completed by the end of 2021. Besides, the burgeoning need for microdisplays in NTE applications is also driving the microdisplay market. These screens are being increasingly adopted in NTE devices, such as personal electronics like cameras and mobile phones, HMDs, and AR/VR headsets. Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/microdisplay-market-outlook/report-sample Depending on technology, the market is divided into liquid crystal on silicon (LCoS), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal display (LCD) categories. Out of these, the OLED category is predicted to demonstrate the fastest growth in the market in the coming years owing to the mushrooming utilization of OLED screens in TVs, smartphones, and other electronic appliances. These screens are highly compact in size and provide a high pixel density, which is encouraging the players operating in the market to invest heavily in them.

  3. The microdisplay market is also classified, on the basis of end user, into industrial, consumer electronics, automotive, military and defense, retail and hospitality, sports and entertainment, and medical devices. Out of these, the consumer electronics category held the largest share in the market in 2020. This is credited to the large-scale use of microdisplays in virtual reality (VR) devices and digital cameras, on account of the ballooning requirement for wide viewing angle and clearer image among customers. Browse full report at:https://www.psmarketresearch.com/market-analysis/microdisplay-market-outlook Across the globe, the microdisplay market was dominated by the Asia-Pacific (APAC) region during the last few years, and the region is predicted to be the fastest-growing region in the market in the upcoming years as well. This is attributed to the existence of several original equipment manufacturers (OEMs) and consumers and rapid industrialization in the region. Automotive, industrial, aerospace, military and defense, and consumer are the major industries in the region that are using microdisplays. Presently, the players operating in the industry are focusing on product launches to strengthen their position. For example, INT Tech unveiled a native red-green-blue (RGB) active-matrix OLED (AMOLED) microdisplay solution in January 2020 for fulfilling the requirement for ultra-low power consumption by XR standalone headsets. This device has a structure similar to that of the conventional AMOLED display of mobile phones and a pixel per inch (PPI) density which is five-times higher. Hence, the sales of microdisplays will soar all over the world in the coming years, primarily because of the rising requirement for HUD-integrated ADAS and growing number of NTE applications.

  4. Market Segmentation • By Technology • Liquid Crystal Display (LCD) • Liquid Crystal on Silicon (LCoS) • Organic Light-Emitting Diode (OLED) • Digital Light Processing (DLP) • By Product Type • Near-to-Eye (NTE) Device • Electronic viewfinder (EVF) • Head-mounted display (HMD) • Augmented reality (AR) • Virtual reality (VR) • Heads-Up Display (HUD) • Projector • Pico projector • Data projector • Others (Monocular and Binocular Systems, Rifle Scopes, and Thermal Imaging Glasses) • By Brightness • <500 Nits • 500–1,000 Nits • >1,000 Nits • By End User • Consumer Electronics • Industrial • Automotive • Military & Defense • Sports & Entertainment • Retail & Hospitality • Medical Devices • Others (Banking, Financial Services, and Insurance [BFSI], Aerospace, Telecommunications, and Construction)

  5. Market Segmentation • By Region • North America Microdisplay Market • By technology • By product type • By brightness • By end user • By country – U.S. and Canada • Europe Microdisplay Market • By technology • By product type • By brightness • By end user • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe • Asia-Pacific (APAC) Microdisplay Market • By technology • By product type • By brightness • By end user • By country – China, India, Japan, South Korea, and Rest of APAC • Latin America (LATAM) Microdisplay Market • By country – Brazil, Mexico, and Rest of LATAM • Middle East and Africa (MEA) Microdisplay Market • By end user • By country – Turkey, Saudi Arabia, South Africa, and Rest of MEA

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