The LCoS segment is estimated to account for the largest share of the microdisplay market in 2020. Cameras/EVF and projectors are the leading products wherein LCD & LCoS microdisplays are increasingly being used owing to their relatively low costs and simple manufacturing processes. Presently, LCoS microdisplay-based AR HMDs are offered by Magic Leap, Google, and Microsoft. With low-cost potential and high pixel density, LCoS microdisplays can play a crucial role in the overall growth of the AR HMD market during the forecast period. DLP technology is used worldwide in a wide variety of products, including tiny projectors, digital cinema projectors, and HUD.
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APAC exhibits the highest demand for microdisplays, especially for use in products such as cameras/EVF, projectors, and HUD. The APAC microdisplay market growth can be attributed to rapid industrialization, as well as the presence of a large number of OEMs and consumers. Consumer, industrial & enterprise, automotive, and military, defense & aerospace are the leading industries in APAC that contribute significantly to the growth of the microdisplay market
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Japan to account for a larger share of the microdisplay market in 2020
Japan is estimated to account for a major share of the microdisplay market in 2020. The growth of the market in Japan can be attributed to the prominent presence of key vendors of cameras/EVF and projectors in the country. Japan-based vendors hold the majority of the share of the global camera market, while they hold a share of ~50% of the global projector market. Moreover, China is expected to be the key factor leading to a decline in average selling prices (ASP) of microdisplays during the forecast period owing to the presence of microdisplay manufacturing facilities in the country.
HMD segment of microdisplay market for medical to grow at highest CAGR from 2020 TO 2025
The healthcare sector has witnessed rapid technological advancements over the years, and various kinds of advanced imaging equipment have been introduced in the market for use in healthcare applications. The healthcare sector has been one of the most important and practical applications of AR in the current market scenario, wherein 3D technology is used to generate 3D images of the affected body parts.