Microdisplays Market Size, Share & Trends Analysis Report By Projection (Projection, Near-to-Eye), By Application (Medical, Automotive), By Technology (OLED, LCD, DLP, LCoS), and Segment Forecasts, 2020 – 2027

Category: Information & Communication Technology (ICT)
Published On: 20 March, 2021
Pages: 157
Report Code: GR - 51599
Formats: pdf, excel

KEY MARKET INSIGHTS

This report covers COVID-19 impact analysis on Microdisplays Market Size, Share & Trends Analysis Report By Projection (Projection, Near-to-Eye), By Application (Medical, Automotive), By Technology (OLED, LCD, DLP, LCoS), and Segment Forecasts, 2020 – 2027

Request Sample

GlobeResearch estimates that the global Microdisplays market size is anticipated to reach at USD 3.1 billion by 2027 with the CAGR of 18.5% during 2020 – 2027.

Market Insights 

As a display on the scale of a small monitor, a microdisplay can be defined as a screen having a diagonal of less than two inches. Smartwatches, headmounted displays (HMDs), laptops, smartglasses, and compact cameras are beginning to view tiny microdisplays.

They deliver a supersharp (increased viewing) graphic (SEGA) resolution that allows for a better viewing experience. They are currently employed in many industries, including the military and defense, along with consumer electronics, the medical, and engineering. In addition, an increase in the demand for nanosensorscanning is forecasted to fuel the growth market growth during the five year period.

Using a considerable demand for microdisplays in head-mounted displays (HMDs) and in the military, medical, and automotive industries is anticipated to result in strong growth for microdisplays during the outlook timeframe.

One exciting development in the medical equipment market is the deployment of microdisplays in CT scanners, EKG machines, MRI, and other diagnostic instruments. Using organic LEDs (OLEDs) as microdisplays is used in various night-vision technologies, including thermal imaging, and soldier preparation, and is starting to be common in military applications.

The increasing interest in fitness trackers and smartwatches for a range of user uses, such as wellness and lifestyle tracking, are helping to drive demand. Holographic microdisplays are also expected to stimulate the demand growth in the coming years.

Furthermore, kids are gradually using VR goggles that work with cell phones and other computers to enjoy virtual reality. VR headphones, such as Samsung and HTC, are available on smartphones too. The business is taking off at a tremendous speed due to this growth.

In the other hand, increased manufacturing and R&D costs may inhibit the growth of the market for microplays. While they have cut the total cost in half, low-cost manufacturing is still being introduced by both producers.

Regional Stance

North America will hold a leading position in the global marketplace in 2020. ICT innovations in the educational industries are changing how students are educated, leading to a drastic change in how business is done in a local and national ecosystem. The U.S. government’s spending on the military (approximately 4% of GDP) is fostering the use of miniature projection devices such as night vision HUDs and thermal imaging.

Additionally, the Asia-Pacific region is expected to have the fastest rise. According to analysts, increasing numbers of businesses such as Samsung Electronics Co., Ltd., Sony Corporation, and LG Electronics, Ltd. as well as well as expanded investment from these firms is a positive sign for the market.

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2016 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

Segmentation

Market by Type -

  • OLED
  • LCD
  • DLP
  • LCoS
 

Market by Application-

  • Consumer Electronics
  • Military & Defense
  • Medical
  • Industrial
  • Automotive
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  1. Kopin Corporation
  2. Himax Technologies, Inc.
  3. eMagin Corporation
  4. WiseChip Semiconductor Inc.
  5. Microtips Technology, LLC
  6. Universal Display Corporation
  7. Others

FAQs

Request a Free sample to learn more about this report.

Table Of Contents

  1. Introduction
    • Scope of The Study
    • Market Segmentation
      • Microdisplays Market - By Type
      • Microdisplays Market - By Application
      • Microdisplays Market - By Country
  2. Key Takeaways
  3. Research Methodology
  4. Microdisplays Market and scape
    • Overview
    • Pest Analysis
    • Ecosystem Analysis
  5. Microdisplays Market - Key Market Dynamics
    • Key Market Drivers
    • Key Market Restraints
    • Key Market Opportunities
    • Future Trends
    • Impact Analysis of Drivers and Restraints
    • Impact of Covid-19 Pandemic on Global Microdisplays Market
  6. Microdisplays Market - Global Market Analysis
    • Microdisplays Market - Global Market Overview
    • Microdisplays Market - Global Market and Forecast To 2027
    • Market Positioning/Market Share
  7. Microdisplays Market - Revenue and Forecasts To 2027 – Type
    • Overview
    • Type Market Forecasts and Analysis
      • OLED
      • LCD
      • DLP
      • LCoS
  8. Microdisplays Market - Revenue and Forecasts To 2027 – Application
    • Overview
    • Application Market Forecasts and Analysis
      • Consumer Electronics
      • Military & Defense
      • Medical
      • Industrial
      • Automotive
      • Others
  9. Microdisplays Market Revenue and Forecasts To 2027 – Geographical Analysis
    • North America
      • North America Microdisplays Market Overview
      • North America Microdisplays Market Forecasts and Analysis
      • North America Microdisplays Market Forecasts and Analysis - By Type
      • North America Microdisplays Market Forecasts and Analysis - By Application
      • North America Microdisplays Market Forecasts and Analysis - By Countries
        • United States Microdisplays Market
          • United States Microdisplays Market By Type
          • United States Microdisplays Market By Application
        • Canada Microdisplays Market
          • Canada Microdisplays Market By Type
          • Canada Microdisplays Market By Application
    •  Europe
      • Europe Microdisplays Market Overview
      • Europe Microdisplays Market Forecasts And Analysis
      • Europe Microdisplays Market Forecasts and Analysis - By Type
      • Europe Microdisplays Market Forecasts and Analysis - By Application
      • Europe Microdisplays Market Forecasts and Analysis - By Countries
        • Germany Microdisplays Market
          • Germany Microdisplays Market By Type
          • Germany Microdisplays Market By Application
        • France Microdisplays Market
          • France Microdisplays Market By Type
          • France Microdisplays Market By Application
        • Italy Microdisplays Market
          • Italy Microdisplays Market By Type
          • Italy Microdisplays Market By Application
        • Spain Microdisplays Market
          • Spain Microdisplays Market By Type
          • Spain Microdisplays Market By Application
        • UK Microdisplays Market
          • UK Microdisplays Market By Type
          • UK Microdisplays Market By Application
        • Rest of Europe Microdisplays Market
          • Rest of Europe Microdisplays Market By Type
          • Rest of Europe Microdisplays Market By Application
    •  Asia-Pacific
      • Asia-Pacific Microdisplays Market Overview
      • Asia-Pacific Microdisplays Market Forecasts And Analysis
      • Asia-Pacific Microdisplays Market Forecasts and Analysis - By Type
      • Asia-Pacific Microdisplays Market Forecasts and Analysis - By Application
      • Asia-Pacific Microdisplays Market Forecasts and Analysis - By Countries
        • China Microdisplays Market
          • China Microdisplays Market By Type
          • China Microdisplays Market By Application
        • India Microdisplays Market
          • India Microdisplays Market By Type
          • India Microdisplays Market By Application
        • Japan Microdisplays Market
          • Japan Microdisplays Market By Type
          • Japan Microdisplays Market By Application
        • Australia Microdisplays Market
          • Australia Microdisplays Market By Type
          • Australia Microdisplays Market By Application
        • South Korea Microdisplays Market
          • South Korea Microdisplays Market By Type
          • South Korea Microdisplays Market By Application
        • Rest of Asia Pacific Microdisplays Market
          • Rest of Asia Pacific Microdisplays Market By Type
          • Rest of Asia Pacific Microdisplays Market By Application
    • Middle East & Africa
      • Middle East & Africa Microdisplays Market Overview
      • Middle East & Africa Microdisplays Market Forecasts And Analysis
      • Middle East & Africa Microdisplays Market Forecasts and Analysis - By Type
      • Middle East & Africa Microdisplays Market Forecasts and Analysis - By Application
      • Middle East & Africa Microdisplays Market Forecasts and Analysis - By Countries
        • South Africa Microdisplays Market
          • South Africa Microdisplays Market By Type
          • South Africa Microdisplays Market By Application
        • Saudi Arabia Microdisplays Market
          • Saudi Arabia Microdisplays Market By Type
          • Saudi Arabia Microdisplays Market By Application
        • UAE Microdisplays Market
          • UAE Microdisplays Market By Type
          • UAE Microdisplays Market By Application
        • Rest of Middle East & Africa Microdisplays Market
          • Rest of Middle East & Africa Microdisplays Market By Type
          • Rest of Middle East & Africa Microdisplays Market By Application
    • South America
      • South America Microdisplays Market Overview
      • South America Microdisplays Market Forecasts And Analysis
      • South America Microdisplays Market Forecasts and Analysis - By Type
      • South America Microdisplays Market Forecasts and Analysis - By Application
      • South America Microdisplays Market Forecasts and Analysis - By Countries
        • Brazil Microdisplays Market
          • Brazil Microdisplays Market By Type
          • Brazil Microdisplays Market By Application
        • Argentina Microdisplays Market
          • Argentina Microdisplays Market By Type
          • Argentina Microdisplays Market By Application
        • Rest of South America Microdisplays Market
          • Rest of South America Microdisplays Market By Type
          • Rest of South America Microdisplays Market By Application
  10. Industry Landscape
    • Mergers and Acquisitions
    • Agreements Collaborations and Join Ventures
    • New Type Launches
    • Expansions and Other Strategic Developments
  11. Microdisplays Market and Key Company Profiles
    • Kopin Corporation
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Himax Technologies, Inc.
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • eMagin Corporation
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • WiseChip Semiconductor Inc.
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Microtips Technology, LLC
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Universal Display Corporation
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Developments
    • Others
      • Key Facts
      • Business Description
      • Modes and Services
      • Financial Overview
      • Key Development
  12. Appendix
    • About GlobeResearch
    • Glossary of Terms

 

Market Segmentation

 ATTRIBUTE

  DETAILS

Study Period

  2016 – 2027

Base Year

  2019

Forecast Period

  2020 – 2027

Historical Period

  2016 – 2018

Unit

  Value (US$)

Segmentation

Market by Type -

  • OLED
  • LCD
  • DLP
  • LCoS
 

Market by Application-

  • Consumer Electronics
  • Military & Defense
  • Medical
  • Industrial
  • Automotive
  • Others

 

Key Players and Strategies

 ATTRIBUTE

  DETAILS

Key Players

  1. Kopin Corporation
  2. Himax Technologies, Inc.
  3. eMagin Corporation
  4. WiseChip Semiconductor Inc.
  5. Microtips Technology, LLC
  6. Universal Display Corporation
  7. Others

FAQs

Methodology

Research Methodology

Globe Research employs comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of methodology employed for all our studies include:

Preliminary data mining

Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.

Technical issues and trends are obtained from surveys, technical symposia and trade journals. Technical data is also gathered from intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.

Statistical model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of technology landscape, regulatory frameworks, economic outlook and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:

    • Market drivers and restrains, along with their current and expected impact
    • Raw material scenario and supply v/s price trends
    • Regulatory scenario and expected developments
    • Current capacity and expected capacity additions up to 2027

We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.

Primary validation

This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation, but also provide critical insights into the market, current business scenario and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

    • Market leading companies
    • Raw material suppliers
    • Product distributors
    • Buyers

The key objectives of primary research are as follows:

    • To validate our data in terms of accuracy and acceptability
    • To gain an insight in to the current market and future expectations

Data Collection Matrix

Perspective

Primary research

Secondary research

Supply side

  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data

Demand side

  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Download Free Sample