Global Microdisplay Market to Witness Robust Growth at a CAGR of 10.8% by 2022: Growth of Electronics Sector Drives Demand

Published on : Oct 23, 2017

Albany, New York, October 23, 2017: The demand for high resolution and excellent picture quality, low power consumption and compact size has led to a higher adoption of microdisplay in military & defence, consumer electronics, medical applications. According to the findings of a new study, in recent years the microdisplay market has benefited from the consistent progression of the electronics sector, which has led to growing demand for microdisplays for projection and near-the-eye applications and is likely to enable smooth growth of the microdisplay market in the coming years as well. Market Research Hub (MRH) has freshly broadcasted this new study to its mega-repository, which is titled as “Microdisplay Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022”. This 300-pages study offers holistic overview of the global microdisplay market with a quantitative and qualitative analysis of key growth trends, market indicators and competitive strategies for the 2017-2022 forecast.

Microdisplays are widely implemented in electronic devices such as smart watches, music systems, smart bands, air conditioners, and projectors to monitor and manage the operation. It is basically a compact size display with less than a quarter inch diagonal. Analysts find that the global microdisplay market has emerged in recent years at a robust growth rate aided by growth of the electronics sector. Presently, microdisplay finds its broad range of applications in military & defence, for real-time monitoring and faster performance. As per the study evaluations, the global microdisplay market is likely to exhibit a robust 10.8% CAGR over the 2017-2022 forecast period to emerge with a valuation of US$1,350.2 mn, which was valued at US$809.8 mn in 2017.

Further, the report provides a detailed look into the segmentation of the global microdisplay market in order to familiarize readers with the granular makeup of the market. The market has been segmented by application and technology. By technology, it covers LCD, LCoS, OLED and DLP. OLED displays are gaining momentum in microdisplays due to their benefits and extra added features, but despite growing demand for OLED microdisplays, the global microdisplay market is likely to be ruled by LCD technology in the future years.

Moreover, the growth prospects of the microdisplay market in various regions as well as in various end-use industries are examined in the report. Major regions analyzed in the study are Latin America, Europe, North America, Japan, MEA and APEJ. Geographically, Asia Pacific except Japan (APEJ) is likely to dominate the global microdisplay market in the coming years and is expected to reach US$580.1 mn by 2022.

Later, key market players have been outlined in terms of attributes such as company overview, financial overview, business strategies and recent developments. Leading players in the global microdisplay market include eMagin Corporation, Universal Display Corporation, AU Optronics Corp., KopIn Corporation Inc., Himax Technologies Inc., Microvision Inc., Syndiant Inc., LG Display Co. Ltd., and Seiko Epson Corporation.

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