The global micro-display market is estimated to grow at a significant CAGR during the forecast period. Compact size, technical advancements in micro-display, rising demand for OLED micro-display, expanding use of micro-display in advanced driver-assistance systems (ADAS), and other factors are driving the global micro-display market. Near-to-Eye (NTE) displays and head-mounted displays (HMD) for immersive gaming, AR, military training, VR and simulation depend heavily on micro-displays. Because of many advantages such as differentiating shape, thinner, lighter, immersive screens and more durable, advanced micro-display technology is estimated to lead the next-generation applications in the consumer electronics market. Furthermore, the growing demand for micro-displays in wearables such as smartwatches is boosting the market growth.
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The micro-display market has benefited from the evolution of digital cameras. Customer demand for a display with a clearer image, a wider viewing angle, and the ability to overcome any limits has assisted the OLED micro-display in capturing the market. Consumer demand for innovative and luxurious products has increased as disposable income has increased. The development of new display technologies has resulted in entertainment becoming a platform for these products. Virtual reality and digital cameras, for example, are gaining popularity among consumers.
Consumer electronics, such as virtual reality headsets, are becoming more popular. For a better gaming experience, young people are increasingly adopting VR headsets that are compatible with smartphones and other devices. VR headsets are also available from smartphone manufacturers like Samsung and HTC when users buy a new phone. The market is expected to grow due to the increasing adoption of virtual reality gaming headsets, as well as shifting consumer preferences toward the miniaturisation of electronic devices to make them more convenient and portable.
For instance, in January 2020, Sony Corporation unveils its first TVs for 2020, including the 48-inch Master Series A9S, the company’s smallest 4K OLED to date.
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Market Coverage
- Segment Covered-
o By Type
o By Technology
o By End-User
- Competitive Landscape- EMagin Corp., Kopin Corp., Sony Corp., Seiko Epson Corp., and WINSTAR Display Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Micro-Display Market by Segment
- By Type
- Projectors
- Near-to-Eye (NTE) Display
- Others
- By Technology
- OLED
- LCD
- LCOS
- DLP
- Others
- By End-User
- Automotive
- Consumer Electronics
- Military & Defence
- Others
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