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Microdisplay Market
“Liquid crystal display (LCD) is a widely used microdisplay that enables high resolution with optimized power consumption. Moreover, they offer several benefits such as high efficiency, reduced system complexity, and minimized system maintenance. LCD represents more than 50% of the total microdisplay market, owing to its excellent picture quality and higher pixel density. In addition, substantial growth in the demand for smart gadgets
and customer shift towards advanced technology to achieve better efficiency would promote its adoption in military & defense, consumer electronics, and automotive applications.�
Kishor Kanade Digital Marketing Executive, BFSI at Allied Market Research
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Microdisplay Market
Global Microdisplay Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $3 billion by 2022, registering a CAGR of 22.6% during the period 2014-2022. North America dominates the global market, accounting for more than 50% revenue share of the overall microdisplay market, followed by Asia-Pacific. LCD technology is the leading segment in the global market, and is expected to maintain this trend throughout the forecast period. Currently, high resolution and excellent picture quality, low power consumption, and compact size are some of the key driving factors of the market. However, liquid crystal on silicon (LCoS) segment is expected to witness significant growth in the future, owing to its compact size and enhanced efficiency.
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Microdisplay Market
Among various types, projection type segment is projected to maintain its lead in the overall microdisplay market, as these microdisplay are used in smart phone for the display with minimum pixel variations. Moreover, North America region is the major revenue contributor in this particular segment due to the increasing demand for projected display in military & defense. The major demand is driving from several countries such as the U.S. and Mexico. Moreover, the increasing number of Near-To-Eye (NTE) applications in consumer electronics such as smart glasses and head mounted display is expected to provide huge opportunities to the market. North America accounted for majority of the revenue in 2014, and is expected to maintain its dominance throughout the forecast period. This is attributed to rising expenditure in military & defense and increasing number of smart gadgets leading to surge in demand for microdisplay. Moreover, advancements in consumer electronic such as smart watches, smart bands, and smart glasses would boost the microdisplay market, especially in Asian countries such as China, Japan, South Korea, and Taiwan.
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Microdisplay Market
The qualitative data in the report aims on the speech recognition market trends, dynamics, and developments in the industry while the quantitative data provides information regarding the microdisplay market share and size in terms of revenue and volume. Key Findings of Microdisplay Market Study:
In 2019, LCD segment dominated the overall microdisplay market in terms of revenue and is projected to grow at a CAGR of 22.6% during the forecast period. Projection segment is estimated to grow at a CAGR of 23%. Consumer electronics segment is expected to exhibit the fastest growth, owing to increase in applications of microdisplay in various devices for instance, smart bands and smart glasses. South Korea is the major shareholder in the Asia-Pacific microdisplay market, accounting for about 34% share.
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Microdisplay Market
Major Companies:
eMagin Corporation Universal Display Corporation AU Optronics Corp KopIn Corporation Inc. Micron Technology Inc. Himax Technology Inc. LG Display Co. Ltd Microvision Inc. Sony Corporation Syndiant Inc
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Microdisplay Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-4461141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-2066346060 Fax: +1⟨855⟩5505975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com
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