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Published Date: 2017-09-27Number of Pages: 170

Microdisplay Market (Technology - LCD, LCoS, DLP, OLED; Application - Near to Eye, Projection; End Use - Automobile, Consumer Electronics, Aerospace and Defense, Medical, Industrial Sector) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

Global Microdisplay Market: Snapshot

The global microdisplay market has grown at a robust growth rate in recent years to emerge as a key part of the global electronics sector. The microdisplay market was conceived as a tool to aid projection technology, and while the application of microdisplays for this purpose remains strong, the microdisplay market has gained considerable momentum from its growing momentum in near-the-eye applications such as smart glasses and VR/AR headsets. The global microdisplay market is expected to exhibit a steady momentum in the coming years due to the growing adoption of microdisplays in consumer electronics as well as in other applications such as the aerospace and defense sector and the automotive industry.

According to Transparency Market Research, the global microdisplay market is expected to rise from US$809.8 mn to US$1,350.2 mn over the 2017-2022 forecast period. The microdisplay market is expected to exhibit a strong 10.8% CAGR over the aforementioned forecast period.

microdisplay market

LCD Likely to Dominate Microdisplay Market despite Growing Demand for OLED

LCD is the dominant technology in the global microdisplay market at present thanks to its relatively simple construction and the widespread availability of LCD construction facilities and technology. LCD microdisplays also offer convenient operational characteristics, which are likely to enable smooth dominance of the LCD segment in the global microdisplay market over the coming years. The LCD segment of the microdisplay market was valued at US$417 mn in 2017, comprising 51.5% of the global microdisplay market. The segment is likely to retain its majority share in the global microdisplay market in the coming years, with its valuation likely to rise to US$709.5 mn by 2022, representing 52.6% of the global microdisplay market.

Asia Pacific to Exhibit Growing Demand due to Growth of Electronics Sector

Geographically, Asia Pacific except Japan is likely to retain steady dominance over the global microdisplay market in the coming years. The APEJ microdisplay market is expected to reach US$580.1 mn by 2022, representing more than 40% of the global market. The APEJ microdisplay market is driven primarily by the robust growth of the electronics sector in countries such as China and Korea, with Korean companies such as LG likely to play a key role in the development of the global microdisplay market in the coming years. Japan is also a major contributor to the global microdisplay market and is likely to account for a 6.3% revenue share in the global market by 2022 thanks to steady growth of the electronics sector, which allows for steady development of the nascent microdisplay market.

Consumer Electronics Industry Likely to Remain Leading End User

The primary applications of microdisplays are in projection devices are near-the-eye devices. The latter is expected to account for a significant share in the global microdisplay market in the coming years due to the growing popularity of AR/VR technology and the rising demand for smart glasses. Microdisplays consist the essential component of smart glasses and are thus likely to remain in demand over the coming years. The growing adoption of AR/VR technology in the smartphone industry is also likely to drive the demand for microdisplays and enable smooth growth of the microdisplays industry, as this will drive significant investment in the industry.

Competitive Dynamics

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.

Global Microdisplay Market: Overview

The global microdisplay market has emerged in recent years at a robust growth rate aided by growth of the electronics sector. The report provides a comprehensive look into the growth trajectory exhibited by the global microdisplay market thus far as well as reliable projections regarding the growth prospects of the microdisplay market in the coming years. The growth prospects of the microdisplay market in various regions as well as in various end use industries are examined in the report with the help of detailed historical databases, which illustrate the growth trajectory of the microdisplay market with clarity. The complete analysis of the microdisplay market provided in the report makes it a must-have accessory for market players vying for a dominant share in the global microdisplay market.

The global microdisplay market was valued at US$809.8 mn in 2017. According to Transparency Market Research, 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.

Global Microdisplay Market: Dynamics

The growth dynamics of the global microdisplay market are complicated, with several factors combining to enable a smooth growth trajectory for the burgeoning market. The report provides an extensive take on each key driver enabling growth of the microdisplay market as well as an analysis of the major restraints blocking the market’s growth. The causal relationship between the factors affecting the market’s growth and the market’s growth prospects is examined in great detail in the report, providing readers with a clear picture of which factors are likely to help their company stake a larger claim in the microdisplay market in the coming years. The analysis of the major drivers and restraints affecting the global microdisplay market will afford readers a clear view into which trends to embrace and which to avoid in the coming years.

Global Microdisplay Market: Segmentation

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. Leading segments of the microdisplay market by each criterion are analyzed in the report to provide a look into which are likely to dominate the market.

The leading technology segment of the global microdisplay market is LCD, which was valued at US$417 mn in 2017 and is expected to rise to US$709.5 mn by 2022. The LCD segment is expected to exhibit annual growth of US$58.5 mn over the 2017-2022 forecast period, making it a key part of the global microdisplay market’s growth in the coming years.

Geographically, Asia Pacific except Japan (APEJ) is likely to dominate the global microdisplay market in the coming years. The APEJ microdisplay market is expected to reach a valuation of US$580.1 mn by 2022, exhibiting a robust 11.3% CAGR over the 2017-2022 forecast period. Japan is also likely to remain a key contributor to the global microdisplay market over the coming years, with the Japan microdisplay market expected to account for 6.3% of the global market’s revenue by 2022.

Global Microdisplay Market: Competitive Dynamics

The report analyzes the competitive dynamics of the congested microdisplay market in detail to provide readers with a clear view of what to avoid in the coming years. The successful and unsuccessful strategies applied in the global microdisplay market are assessed in detail in the report, giving readers a clear idea about how the competitive landscape of the microdisplay market is likely to develop over the coming years. 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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