Dublin, Dec. 23, 2021 (GLOBE NEWSWIRE) -- The "Microdisplay Market Research Report - Global Industry Analysis and Competitive Landscape to 2030" report has been added to ResearchAndMarkets.com's offering.
The global microdisplay market is expected to reach $5,535.6 million by 2030, increasing from $1,145.6 million in 2020 at a 17.1% CAGR between 2020 and 2030. This will primarily be a result of the growing usage of near-to-eye (NTE) devices, such as head-mounted displays (HMD) and electronic viewfinders (EVF), and rising demand for advanced driver-assistance systems (ADAS) with heads-up displays (HUD).
Due to the burgeoning number of road accidents, which already kill more than 1.3 million people every year, as per the World Health Organization (WHO), ADAS has been made mandatory by several countries. For instance, under the Tech-Celerate Now program, the Federal Motor Carrier Safety Administration (FMCSA) of the U.S. is integrating ADAS in class 7 and 8 commercial vehicles, which has been driving the demand for HUDs and, in turn, for microdisplays.
Liquid crystal display (LCD) microdisplays witness the highest sales as they are small and cost-effective and consume less electricity. LCD microdisplays are prominently featured in HMDs, HUDs, thermal imaging glasses, EVFs, and wearables.
Microdisplay market players have made the most sales to projector manufacturers because of the rising demand for data projectors in the corporate (business) and education sectors.
Microdisplay integration will likely rise the most rapidly in the automotive sector in the years to come with the mandatory installation of ADAS, in an effort to aid drivers and make roads safer.
The COVID-19 pandemic negatively affected the sale of such components by putting a temporary stop to their production and trade and reducing the demand for the end products, such as projectors, HMDs, EVFs, and HUDs.
On the regional level, Asia-Pacific (APAC) is predicted to witness the quickest advance in the microdisplay market in the near future, thereby continuing its historical dominance. The region is home to the largest automotive and consumer electronics industries in the world, which leads to a high sale of HUDs and HMDs. Thus, with the sale of automobiles with HUD-integrated ADAS, video game consoles that come with HMDs, and wearable medical devices rising, the market is booming here.
Due to the presence of large companies, such as eMagin Corporation, Jasper Display Corp., Himax Technologies Inc., Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., Micron Technology Inc., WiseChip Semiconductor Inc., Seiko Epson Corporation, Microtips Technology Inc., Kopin Corporation, LG Display Co. Ltd., Sony Corporation, and Universal Display Corporation, the microdisplay market is highly competitive. To stay on top, these firms are launching new variants of these components.
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions For the Study
2.7 Notes and Caveats
2.8 COVID-19 Impact
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Technology
4.1.1.1 LCD
4.1.1.2 LCOS
4.1.1.3 OLED
4.1.1.4 DLP
4.1.2 By Product Type
4.1.2.1 NTE Device
4.1.2.1.1 EVF
4.1.2.1.2 HMD
4.1.2.1.2.1 AR
4.1.2.1.2.2 VR
4.1.2.2 Hud
4.1.2.3 Projector
4.1.2.3.1 Pico Projector
4.1.2.3.2 Data Projector
4.1.2.4 Others
4.1.3 By Brightness
4.1.3.1 Less Than 500 Nits
4.1.3.2 500-1,000 Nits
4.1.3.3 More Than 1,000 Nits
4.1.4 By End User
4.1.4.1 Consumer Electronics
4.1.4.2 Industrial
4.1.4.3 Automotive
4.1.4.4 Military & Defense
4.1.4.5 Sports & Entertainment
4.1.4.6 Retail & Hospitality
4.1.4.7 Medical Devices
4.1.4.8 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Usage of OLED Microdisplays in Consumer Electronics
4.3.2 Drivers
4.3.2.1 Growing Adoption of HUD-Integrated ADAS
4.3.2.2 Increasing Number of NTE Applications
4.3.2.3 Impact Analysis of Drivers on Market Forecast
4.3.3 Restraints
4.3.3.1 Decreasing Market for Digital Cameras
4.3.3.2 High Manufacturing Costs Associated With Microdisplays
4.3.3.3 Impact Analysis of Restraints in Market Forecast
4.3.4 Opportunities
4.3.4.1 Development of Next-Generation Micro-Led Technology
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Technology
5.2 By Product Type
5.2.1 NTE Device, by Type
5.2.1.1 HMD, by Type
5.2.2 Projector, by Type
5.3 By Brightness
5.4 By End User
5.5 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Other Players and Their Offerings
11.2 Ranking of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Global Strategic Developments of Key Players
11.4.1 Product Launches
11.4.2 Partnerships
11.4.3 Facility Expansion
11.4.4 Client Wins
Chapter 12. Company Profiles
12.1 eMagin Corporation
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.2 Himax Technologies Inc.
12.3 Jasper Display Corp.
12.4 Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd.
12.5 WiseChip Semiconductor Inc.
12.6 Micron Technology Inc.
12.7 Seiko Epson Corporation
12.8 Kopin Corporation
12.9 Microtips Technology Inc.
12.10 LG Display Co. Ltd.
12.11 Universal Display Corporation
12.12 Sony Corporation
For more information about this report visit https://www.researchandmarkets.com/r/wg1r8
