"Rising demand for augmented reality (AR) devices is expected fuel the demand for microdisplays throughout the forecast period from 2018 to 2020"

The global market for microdisplays is expected cross US$ 4,250.5 Mn at a CAGR of 22.5% throughout the forecast period from 2018 to 2026. The global market for microdisplays observed significant growth in the last decade with continuous advancement in technology. Advantages of microdisplays such as compact size, low power consumption and ultra-high brightness compared to conventional direct view displays. Microdisplays have huge potential in head mounted and head-up display technologies. Rising production demand for head mounted displays from defense, consumers, entertainment, automotive, research and medical applications represents positive factor for the growth of microdisplays. In addition, rising demand for advanced drive assistance systems also expected to increase the demand for microdisplays throughout the forecast period. Moreover, increasing demand for smart electronic devices such as smartphones and smart glasses also fueling the demand for microdisplays.

"Asia Pacific is the fastest growing market for microdisplays"

Currently, the global microdisplays market is dominated by North America with its increasing investment in defense sector. The demand for microdisplays is rising at considerable rate with rising demand for advanced head-up and mounted devices from defense sector. In addition, changing outlook of traditional education system and increasing use of ICT technologies also expected to spur the demand for microdisplays in the region. Asia Pacific is expected to witness the fastest growth throughout the forecast period. China and Japan are most potential markets for microdisplays in Asia Pacific. China is expected to be the most potential market for microdisplays with rising production of smart phones and countries increasing investment in advance solutions such head-up and mounted displays.

"The global microdisplays market is dominated by LCD technology"

The global microdisplays market was dominated by LCD technology and accounted for half of the revenue share in the overall market. The segment is expected to maintain its dominating position throughout the forecast period with its increasing demand from head-up and head mounted displays, wearable devices, thermal imaging glasses and EVFs. Liquid crystal on-Silicon (LCoS) is another major technology in microdisplays market and preferred by several manufacturers due its high energy, brightness and contrast and heating efficiency. OLED technology is expected to witness the fastest growth due it benefits such as low power consumption, better contrast and faster refresh rate. However, high cost of OLED technology is limiting its adoption in many applications.

"Microdisplay manufacturers are looking forward to capture opportunities by investing in emerging technologies"

Most of the prominent microdisplay manufacturers are based in developed market such as U.S., Europe and Japan and the global market is dominated by this prominent players. Manufacturers are increasingly investing significant amount in emerging technologies such as micro LED and organic LED (OLED). However, manufacturers from China and Taiwan are looking for to expand their footprints in the global market.  Some major players in the global microdisplay industry include LG Display Co. Ltd, eMagin Corporation, AU Optronics Corp, Universal Display Corporation, KopIn Corporation Inc., Himax Technology Inc., Micron Technology Inc., Microvision Inc., Syndiant Inc, Sony Corporation, and others.

"Why it is recommended to invest in our microdisplays market research study?"

The research report on microdisplays market covers detailed analysis of market drivers, restraints and trends. This research study also provides in-depth analysis of different technologies of microdispays, types and applications. The research study key technology and regional trends in the global microdisplay industry. The report also include quantitative as well as qualitative analysis of all the segments and sub segments covered in the scope of the study. This research study highlights key opportunities segments in the global microdisplays market. High level analysis such as market positioning of major players, value chain analysis and market attractiveness analysis helps readers in understanding market competition and formulating their market winning strategies. The report also profiles major players in the industry including their recent developments, strategies, product portfolio and overview of financials for the last three years.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Microdisplays market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Microdisplays market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Microdisplays market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Microdisplays market?
• Which is the largest regional market for Microdisplays market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Microdisplays market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Microdisplays market worldwide?