Micro Display Market Scope
The global Micro Display market is expected to witness high growth in the forecasted period due to growing demand from various end-user industries such as Consumer and industrial & enterprise, automotive, military, defense, and aerospace and many others. It is a small screen display. It is an electronic form of display which has few advantages such as physically small, provides high information content, better resolution, and better picture quality. Also, the small size enables applications in a variety of sectors. Sometimes these microdisplays are used in head-mounted displays to provide better viewing angle and resolution.
The market study is segmented by Type (HMD Display (AR HMD, VR HMD), HUD Display, EVF Display, Projector Display (Pico Projector, Data Projector) and Others (Rifle Scopes, Monocular & Binocular Systems, Thermal Imaging Glasses, Medical Equipment)), by Application (Consumer, Industrial & Enterprise, Automotive, Military, Defense, and Aerospace, Sports & Entertainment, Retail & Hospitality, Medical, Education and Others) and major geographies with country level break-up. According to AMA, the Global Micro Display market is expected to see growth rate of 23.85% and may see market size of USD3642.1 Million by 2024.
The Players having a strong hold in the market are Sony Corporation, Seiko Epson, LG Display, Universal Display, and eMagin Corporation. Research Analyst at AMA estimates that Asian Players will contribute to the maximum growth of Global Micro Display market throughout the predicted period.
Sony Corporation (Japan), Seiko Epson Corporation (Japan), LG Display (South Korea), Universal Display Corporation (United States), eMagin Corporation (United States), Kopin Corporation (United States), OLiGHTEK (China), Himax Technology Inc (Taiwan), HOLOEYE Photonics (Germany) and WiseChip Semiconductor (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Raystar Optronics (Taiwan), WINSTAR Display (Taiwan), Syndiant Inc (United States), MicroVision, Inc. (United States), Micron Technology, Inc. (United States), Kopin Corporation (United States) and AU Optronics Corp (Taiwan).
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.
AdvanceMarketAnalytics has segmented the market of Global Micro Display market by Type, Application and Region.
On the basis of geography, the market of Micro Display 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). North Amercia region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On August 19, 2019, Sony Interactive Entertainment (SIE) has signed a definitive agreement with SIE to acquire Insomniac Games. Insomniac Games is the developer of PlayStation4’s (PS4) top-selling Marvel’s Spider-Man and the hugely popular PlayStation Ratchet & Clank franchise. Upon completion of the acquisition, the company will join the global development operation of Sony Interactive Entertainment Worldwide Studios (“SIE WWS”).
On July 23, 2019, LG Display, a display technology provider has signed a contract with additional KRW 3 trillion into Gen 10.5 (2,940mm X 3,370mm) OLED production line at its P10 plant in Paju, Korea. With this investment, the company is stepping up its efforts to shift its OLED-focused business structure and to advance the OLED era.
- Introduction to MicroLED Displays across the Globe
- Adoption of Automated Sensors and Numerous Technological Advancements
- Microdisplays Provide Higher Resolution with Minimal Power Consumption
- Upsurging Demand for Microdisplays from Military and Defence
- Simplifies the Use of Microdisplys Due to Easy Mobility
- Upsurging Demand from Gaming and Entertainment Industry
- Complexities in Manufacturing and Post Purchase Repairs
- Availability of Cheaper Substitutes like Conventional Displays
- Environmental Challenges Such as Robusly Growing E-Waste
- Manufactures have to Cope up with Continues Technological Advancements
Key Target AudienceMicro-Display Manufacturers, Micro-Display Distributors and Suppliers, Upstream and Downstream Buyers, Research and Development Institutes, Government Institutes, Electronics Industry Associations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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