Dublin, Aug. 27, 2020 (GLOBE NEWSWIRE) -- The "Virtual Retinal Display - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 5th edition of this report. The 113-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Virtual Retinal Display Market to Reach $47.4 Million by 2027
Amid the COVID-19 crisis, the global market for Virtual Retinal Display estimated at US$4.6 Million in the year 2020, is projected to reach a revised size of US$47.4 Million by 2027, growing at a CAGR of 39.5% over the analysis period 2020-2027.
Aviation & Tactical, one of the segments analyzed in the report, is projected to record a 37.5% CAGR and reach US$12.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gaming & Entertainment segment is readjusted to a revised 42.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Million, While China is Forecast to Grow at 37.4% CAGR
The Virtual Retinal Display market in the U.S. is estimated at US$1.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.6 Million by the year 2027 trailing a CAGR of 37.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 35.5% and 33.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 27% CAGR.
Medical Segment to Record 34.5% CAGR
In the global Medical segment, USA, Canada, Japan, China and Europe will drive the 34.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$718.1 Thousand in the year 2020 will reach a projected size of US$5.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.9 Million by the year 2027.
Competitors identified in this market include, among others:
- Avegant Corporation
- Google LLC
- Human Interface Technology Laboratory
- Microvision, Inc.
- Texas Instruments, Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Virtual Retinal Display Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/yubnzj
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