CHICAGO, August 12, 2015 /PRNewswire/ —
The report “Microdisplays Market by Technology (OLED, LCoS, LCD, & DLP), Application (NTE & Projection), Industry (Military, Defense, & Aerospace, Industrial, Law Enforcement, Automotive, & Medical), & Geography ( North America, Europe, APAC & RoW) – Forecast to 2020“, published by MarketsandMarkets, the total market is expected to reach USD 1.5 Billion by 2020, at a CAGR of 23.3%.
Browse 68 Tables and 77 Figures spread through 160 Pages and in-depth TOC on “Microdisplays Market“
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Microdisplays are being preferred by companies due to their application in various sectors ranging from healthcare to military to law enforcement. Researchers and scientists are extensively working toward the development of microdisplay devices with good optical characteristics along with color and image quality.
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Microdisplays are high-density, high-resolution screens used in magnified display systems and are half inch when measured diagonally. Microdisplays have been in the market since a couple of decades and have evolved in terms of technology and application. LCD technology was conventionally the most widely used microdisplay technology in the market, after which LCoS, DLP, and OLED technologies were introduced that changed the market completely. Each technology has unique features suitable for use in microdisplays, especially in projection and NTE segments.
The microdisplays market is gaining momentum and this trend is expected to continue till 2020. Microdisplays have applications in data storage and the automotive sector; these are expected to grow during the forecast period. Microdisplays have found a large application in head mounted displays which will boost the growth of this market. Head mounted displays are used extensively in military and medical sectors.
The Microdisplays Market is expected to reach USD 1.50 Billion by 2020 at a CAGR of 23.3% between 2015 and 2020. Although the market is witnessing an exponential growth due to the increased demand for augmented reality devices and near-to-eye applications, the high manufacturing and R&D costs are restraining the growth of the microdisplay market.
The global microdisplays market report describes the market trends, drivers, and challenges for the growth of this market along with market size estimations till 2020. It segments the said market on the basis of technology, application, vertical and geography. This report provides a bird’s eye-view of the said market across regions- North America, Europe, Asia-Pacific, and RoW (Rest of the World). North America is the largest market for microdisplays and is expected to retain its position till 2020, with the U.S. holding a large market share. Europe ( Germany and the U.K.) and APAC ( South Korea and Japan) are also promising markets expected to witness rapid growth.
The competitive landscape section presents valuable insights related to players in the microdisplay market. The global microdisplays market report profiles the ten key players in the market, based on their revenue, product portfolio, recent developments, and key strategies adopted for growth.
Some of the major manufacturers of microdisplays are eMAGIN (U.S.), Kopin Corporation (U.S.), Fourth Dimension Displays ( Scotland), MicroOLED ( France), and Himax Display ( Taiwan), Syndiant (U.S.), MicroOLED, OLiGHTEK, and Microvision(U.S.) among others.
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