Market Research

Increasing Use of OLED Microdisplays in Consumer Electronics Industry is a Key Trend of Microdisplay Market

Jul 21, 2020 10:58 AM ET

iCrowd Newswire – Jul 21, 2020

Due to the increasing number of near-to-eye (NTE) applications and the surging incorporation of heads-up display (HUD) integrated advanced driver assistance systems (ADASs) are the major factors propelling the growth of the global microdisplay market. As a result, the market is predicted to progress at a CAGR of 13.4% from 2020 to 2030 and attain a valuation of $4.0 billion by 2030.

The currently ongoing COVID-19 pandemic has significantly hampered the progress of the microdisplay market all over the globe. This is ascribed to the fact that the lockdown imposed in several countries in order to curb the spread of the COVID-19 virus has caused huge disruptions in the global supply chain of the parts and components used in microdisplay systems such as microcontrollers, prism sheets, display panels, and polarizers.

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On the basis of technology, the microdisplay market is divided into multiple categories namely DLP, LCD, LCoS, and OLED. Out of these, the LCD category is presently holding the largest market share and is predicted to dominate the market in the future years as well. The main factors responsible for the growth of the category are the rising usage of the LCDs across the world, on account of their numerous advantages such as compact size, lesser power consumption and lower price over the other technologies.

The objective of this research includes;

  • Historical and the present size of the microdisplays market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
  • Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
  • Major players operating in the gene therapy market and their service offerings
  • Recent strategic developments by the major players in the market

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As a result, the LCD displays are being increasingly used in HUDs, thermal-imaging glasses, HMDs, EVFs, and various other wearable devices. Globally, the Asia-Pacific (APAC) region is currently generating the highest revenue in the microdisplay market. Moreover, the market will be very lucrative in the APAC region in the forthcoming years. This is attributed to the existence of a large number of microdisplay manufacturing companies in the region and the subsequent fall in the costs of these systems. Due to these factors, the usage of microdisplay screens is increasing rapidly in APAC. 

The research includes detailed analysis of;

Based on Technology

  • Liquid Crystal Display (LCD)
  • Liquid Crystal on Silicon (LCOS)
  • Organic Light-Emitting Diode (OLED)
  • Digital Light Processing (DLP))

Based on 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

Based on Brightness

  • <500 Nits
  • 500–1,000 Nits
  • >1,000 Nits

Based on End User

  • Consumer Electronics
  • Industrial
  • Automotive
  • Military & Defense
  • Sports & Entertainment
  • Retail & Hospitality
  • Medical

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Keywords:    Microdisplay Market, Microdisplay Market Size, Microdisplay Market Share, Microdisplay Market Demand, Microdisplay Market Drivers, Microdisplay Market Growth, Microdisplay Market Analysis, Microdisplay Market Overview, Microdisplay Market Outlook