Microdisplay Market Scope
Microdisplays is refer as the miniaturised display units with the resolution and screen sizes at the micro levels. As they are small in sizes, it enables them to be useful in a wide variety of the applications which requires a screen that can be usually takes up the small space, like digital cameras and display as head-mounted. This displays are also been used widely in the data projectors and rear-projection TVs . In the head-mounted displays, sometimes more than the one microdisplay can be used to provide better resolution and viewing angle. There are two major types of microdisplays which are available in the market, they are reflective and transmissive displays
According to AMA, the Global Microdisplay market is expected to see growth rate of 23.6% and may see market size of USD4.56 Billion by 2026.
Due to the overall demand for OLED microdisplays for various application segments, the US has been at the core of evolution. The demand for the medical, defense, automobile, consumer electronics, and automotive segments has been high, given the better end-user experience offered by these products. The purchasing power of customers has also allowed better market penetration of microdisplays with OLED, as compared to LCoS
Sony (Japan), Seiko Epson (Japan), eMagin Corporation (United States), Kopin Corporation (United States), OLiGHTEK (China), Himax Technologies (Taiwan), HOLOEYE Photonics (Germany), WiseChip Semiconductor (Taiwan), Raystar Optronics (Taiwan) and WINSTAR Display (Taiwan) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Microdisplay market by Type (Near-To-Eye (NTE) Devices, Head-Up Display (HUD), Projector and Others), by Application (Consumer , Industrial and Enterprise , Military, Defence and Aerospace , Automotive and Commercial ) and Region with country level break-up.
On the basis of geography, the market of Microdisplay has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
Kopin signed a partnership agreement with OLiGHTEK to meet the rising demand for OLED microdisplays in the VR and AR markets. According to this agreement, both the companies jointly purchased an advanced production OLED deposition line to be installed within OLiGHTEK’s facility to enhance OLiGHTEK’s existing fabrication capabilities
Sony launched 0.5-inch OLED microdisplay called Sony ECX339A with UXGA resolution, featuring the world's smallest pixel pitch of 6.3 µm
- Market is changing in variant way from LCD, LCOS, DLP, OLED, and Micro-LED
- Growing adoption of ADAS and increase force in demand for Head-Up displays
- Advancements in microdisplays related to compact size and technology
- Increase in the adoption of HMDs in various industries
- Rapid increase in the demand for OLED microdisplays
- Opportunities from aerospace & defence Industry
- Development is occurring in the next-generation microdisplay technology micro-LED
- Eventual saturation in the market of digital cameras and projectors Eventually slow down in market growth of Microdisplay can occur due to changing technology
- Reduction in the display latency
- Complexity in the manufacturing process and high cost associated with the microdisplays
Key Target AudienceMicrodisplay Manufacturers, Microdisplay Supplier, Microdisplay Distributors, Various Research and Consulting Firms, Research Institutes and Venture Capitalists and Investors