Microdisplay Market

Microdisplay Market Size, Share, Statistics and Industry Growth Analysis Report by Product (HMDs, HUDs, Cameras/EVFs, Projectors), Technology (OLED, LCoS, LCD), Vertical (Consumer, Industrial & Enterprise, Automotive, Retail & Hospitality, Medical), Resolution and Brightness, and Region - Global Forecast to 2028

Report Code: SE 1647 May, 2023, by marketsandmarkets.com

[206 Pages Report] The global microdisplay market size is projected to grow from USD 1.1 billion in 2023 to USD 3.2 billion by 2028; it is expected to grow at a CAGR of 23.7% from 2023 to 2028. Factors such as compact size and technological advancements in microdisplays; increased adoption of HMDs in several industries; escalated demand for OLED microdisplays; and increased global adoption of advanced driver-assistance systems (ADAS) and HUDs are driving the growth of the market during the forecast period.

Microdisplay Market

Microdisplay Market

Microdisplay Market Statistics and Forecast to 2028

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Microdisplay Market Dynamics

Driver: Rising adoption of HMDs in different industries

Modern devices are rapidly becoming compact, portable, and convenient to use. They are used to present graphical and pictorial information. These devices require to be compact and simple with high-resolution displays. The microdisplay market is growing significantly owing to the rising demand for EVFs, HMDs, HUDs, projectors, scopes, thermal imaging glasses, and medical equipment for use in several industries, including consumer electronics, defense, aerospace, medical, and automotive. Microdisplays have high growth potential in HMDs as the demand for AR smart glasses is expected to increase rapidly in the coming years.

A number of verticals, such as consumer electronics, aerospace, defense, healthcare, enterprises, retail, and marketing, are expected to adopt AR technology owing to its benefits. For instance, Boeing has announced the development of a new setup—HorizonX. The company is investing in Upskill—a key player in the field of enterprise software for industrial AR devices. Moreover, the rise in the adoption of AR devices is expected to generate demand for their components, including microdisplays.

Restraint: Saturation of markets for digital cameras and projectors

Cameras are optical devices used to record and capture images that are saved digitally. In order to aid photographers and video cameras, electronic viewfinders (EVFs) show images taken by the lenses onto microdisplays. The global market for digital cameras and projectors is maturing, and because the market is almost fully saturated, growth is naturally slowing down. As a result of the decline in demand for digital cameras, microdisplays utilized in those cameras are becoming less popular. Furthermore, shipments of data projectors are also declining. Therefore, the decline in demand for digital cameras and projectors limits the expansion of the microdisplay industry.

Opportunity: Adoption of microdisplays in aerospace and defense sector

The microdisplay market is expected to grow in the near future owing to ongoing advancements and increasing adoption of microdisplays in aerospace and defense applications. Low-power OLED microdisplays are used in several applications, such as night-vision goggles, thermal imaging devices, situational awareness devices, and rifle scopes in the aerospace and defense sectors. The rise in demand for high-quality HUDs and HMDs from this sector is contributing to the adoption of advanced microdisplays. In December 2022, eMagin Corporation received an order of ~USD 1.7 million for high-brightness OLED microdisplays from Collins Aerospace for its F-35 Helmet Mounted Display System (HMDS). eMagin Corporation received an order worth USD 4 million for displays in connection with the Enhanced Night Vision Goggle–Binocular (ENVG-B) program of the US Army. There is a significant increase in government contracts in the market; companies such as eMagin Corporation are working to replace LCDs currently being used by the US military with OLED displays. Increasing defense budgets of countries such as the US, China, India, and Japan and the flourishing global commercial aviation industry are expected to fuel the demand for microdisplays to be used in HUDs and HMDs in the next few years.

Challenge: Development of power-efficient microdisplays with high-resolution and brightness

Despite significant technological advancements in microdisplays over the last decade, some technical and usability issues exist, preventing microdisplays from being widely accepted in many demanding applications, especially VR HMDs. Developing microdisplays with compact form factors and achieving a wide field of view and high resolution is expected to be a key challenge for the manufacturers of microdisplays.

The development of microdisplays with improved resolution and brightness has always been a key challenge for the manufacturers of these displays. It has resulted in continuous technological advancements in the industry to develop microdisplays that offer an enhanced experience to users. Microdisplays have a wide range of applications in military, medical, industrial, and consumer verticals because they require a clear view of images or objects with high resolution.

In recent years, pilots have used HUDs to provide them with flight-related information. However, some operational problems related to HUDs, including the lack of brightness at night and the limited field of view, have made it challenging for companies to offer high-resolution and high-brightness HUDs.

Microdisplay Market Ecosystem

The prominent players in the microdisplay market are Sony Group Corporation, Seiko Epson Corporation, Kopin Corporation, eMagin Corporation, Himax Technologies, Inc. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.

Microdisplay Market by Ecosystem

Increasing use of OLED microdisplays to drive market growth

The OLED segment of the microdisplay market is estimated to expand significantly over the expected time period. The segment's growth can be attributed to the quick adoption of these displays with improved capabilities and their use in HMDs. OLED microdisplays are being used in AR HMDs increasingly frequently as the technology offers better power, faster response times, and more color selections. Several manufacturers of microdisplays, notably Kopin Corporation (US), Samsung Electronics (South Korea), and Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd. (China), have introduced OLED microdisplays for HMDs

Higher FHD segment is projected to grow at higher CAGR during forecast period

During the projection period, a higher CAGR is anticipated for the market for higher FHD. Displays with a normal FHD resolution have a horizontal resolution of 1920 pixels and a vertical resolution of 1080 pixels. At the US Society for Information Display (SID) in 2018, Fraunhofer FEP displayed a curved OLED microdisplay screen. This 1-inch-diameter, curved OLED microdisplay offers a 1200 x 1920 resolution. The panel was created as part of the European Union-funded LOMID project.

NTE Devices to register growth at higher CAGR

During the forecast period, NTE devices are likely to have the greatest CAGR. Because OLED technology offers better power economy, quick response times, and more colors, OLED-based microdisplays are being employed more frequently in NTE devices. eMagin Corporation's SVGA+ Rev3 OLED XL microdisplay is a power efficient OLED microdisplay solution for near-eye personal viewer applications. Due to the existence of major EVF vendors in Japan, Asia Pacific is predicted to continue to have the largest demand for microdisplays to be used in NTE devices during the projected period.

Automotive segment is likely to grow at higher CAGR

The automotive industry is projected to have the highest CAGR over the forecast time period. Automakers may now offer customers a wide selection of AR HUD models with their specifications thanks to the growing popularity of AR technology. Important information is directly projected into drivers' lines of sight by HUDs. Because they let drivers to obtain directions, respond to calls and texts, and control music without taking their eyes off the road, they are common automotive electronics. HOLOEYE Photonics AG(Germany), WiseChip Semiconductors Inc (Taiwan), RAONTECH (South Korea),  and Himax Technologies Inc.(Taiwan), are a few players who offer microdisplays for automotive applications.

Asia Pacific likely to hold the largest share of microdisplay market during forecast period

Asia Pacific is projected to lead the microdisplay market from 2023 to 2028. In addition to the significance that Japan is home to several important EVF vendors, Asia Pacific is anticipated to continue to have the largest demand for microdisplays to be used in NTE devices during the projected period. Asia Pacific is home to the majority of camera manufacturers. Over 90% of the market for cameras is dominated by Canon Inc., Nikon Corporation, and Sony Group Corporation. As a result, Japan's demand for microdisplays rises, which in turn drives growth in the microdisplay industry throughout the region.  Moreover, Asia Pacific is expected to account for the largest size of the LCD microdisplay market from 2023 to 2028. LCD microdisplays have a significantly huge demand in cameras/EVF and projectors and a majority of cameras/EVFs and projectors vendors are based in this region.

Moreover, key players offering projectors such as Seiko Epson Corporation, Sony Group Corporation, Canon Inc., NEC Corporation, Panasonic Holdings Corporation, Hitachi, Ltd and Toshiba Corporation, are based in this region. The market in this region is expected to grow at a significant pace, mainly led by the growing economies and an increasing number of small- and medium-scale businesses, along with mandatory regulations pertaining to digital transformation imposed by governments.

Microdisplay Market by Region

Microdisplay market statistics by Region

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Top Microdisplay Companies - Key Market Players:

The major players in the microdisplay market include Sony Group Corporation, Seiko Epson Corporation, Kopin Corporation, eMagin Corporation, Himax Technologies, Inc. These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.

Microdisplay Market Report Scope :

Report Metric

Details

Estimated Market Size USD 1.1 billion in 2023
Projected Market Size USD 3.2 billion by 2028
Growth Rate CAGR of 23.7%

Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD)

Segments Covered

  • By product,
  • By resolution and brightness,
  • By vertical,
  • By technology, and
  • By region

Geographies Covered

  • North America,
  • Europe,
  • Asia Pacific, and
  • RoW

Companies Covered

Sony Group Corporation; Seiko Epson Corporation; eMagin Corporation; Kopin Corporation; Himax Technologies, Inc. are some of the key players in the microdisplay market.

Microdisplay Market Highlights

This research report categorizes the microdisplay market based on by product, by resolution and brightness, by vertical, by technology and region.

Segment

Subsegment

By Product

  • Introduction
  • Near-to-eye (NTE) Devices
    • Cameras/electronic viewfinders (EVFs)
    • Head-Mounted displays (HMDs)
  • Head-Up Displays (HUDs)
  • Projectors
  • Others

By Resolution and Brightness

  • By Resolution
    • Introduction
    • Lower than HD
    • HD
    • FHD
    • Higher than FHD
  • By Brightness
    • Introduction
    • Less than 500 Nits
    • 500 to 1,000 Nits
    • More than 1,000 nits

By Vertical

  • Introduction
  • Consumer
  • Automotive
  • industrial & Enterprise
  • Military, Defense, and Aerospace
  • Retail & Hospitality
  • Medical
  • Education
  • Sports & Entertainment
  • Others

By Technology

  • Introduction
  • Liquid Crystal Display (LCD)
  • Liquid Crystal on Silicon (LCoS)
  • Organic Light-Emitting Diode (OLED)
  • Digital Light Processing (DLP)

By Geography

  • Introduction
  • North America
    • Recession Impact
    • US
    • Canada & Mexico
  • Europe
    • Recession Impact
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Recession Impact
    • China
    • Japan
    • South Korea
    • Taiwan
    • Rest of APAC
  • ROW
    • Recession Impact
    • South America
    • Middle East & Africa

Recent Developments in Microdisplay Industry:  

  • In January 2023, Seiko Epson Corporation, the world's most popular projector brand, announced the expansion of its PowerLite and BrightLink laser projector lines. The new models include 12 new lamp-free laser exhibits powered by Epson's proprietary 3-chip 3LCD technology, as well as suitable collaboration tools, easy installation, and ultra-wide options to make sure all participants can see, interact, and be seen.
  • In January 2023, Kopin's Corporation Lightning OLED product line has been expanded to include new ultralow-power 0.26-inch VGA (640 x 480), 0.39-inch XGA (1024 x 768), and 0.61-inch XGA microdisplays aimed at compact handheld and wearable devices.
  • In January 2022, Sony Group Corporation announced OLED microdisplays that are used in mirrorless cameras, electronic viewfinders (EVF), head-mounted displays (HMD), and other applications. With their exceptional quality and definition, the said displays seem to have huge potential for use in wearable devices with AR (augmented reality) and VR (virtual reality) capabilities, such as those seen in near-futuristic movies.
  • In February 2022, eMagin Corporation declared the first public demonstration of its flagship Direct Patterning Display (dPdTM) technology on a widescreen ultra-extended graphics array (WUXGA) (1920x1200 pixels) OLED microdisplay, the world's brightest full-color OLED microdisplay. Since then, the company has made steady progress toward the commercialization of its dPd technology, which is expected in 2023, and has been providing customers with the opportunity to try it out firsthand. eMagin has long been a pioneer in power efficiency at high luminance levels critical for next-generation AR/VR applications.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 20)
    1.1 STUDY OBJECTIVES 
    1.2 DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 MICRODISPLAY MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA 
           FIGURE 2 MICRODISPLAY MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
           FIGURE 3 MICRODISPLAY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    2.1.1.1 Secondary data
                               2.1.1.1.1 Major secondary sources
                               2.1.1.1.2 Key data from secondary sources
                    2.1.1.2 Primary data
                               2.1.1.2.1 Breakdown of primaries
                               2.1.1.2.2 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 4 BOTTOM-UP APPROACH TO ARRIVE AT MARKET SIZE
                    2.2.1.1 Approach for arriving at market size using bottom-up analysis (demand side)
                               FIGURE 5 DEMAND-SIDE ANALYSIS: MICRODISPLAY MARKET
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size using top-down analysis (supply side)
                               FIGURE 6 TOP-DOWN APPROACH TO ARRIVE AT MARKET SIZE
                               FIGURE 7 SUPPLY-SIDE ANALYSIS: MICRODISPLAY MARKET (1/2)
                               FIGURE 8 SUPPLY-SIDE ANALYSIS: MICRODISPLAY MARKET (2/2)
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 MICRODISPLAY MARKET: RECESSION IMPACT ASSESSMENT 
           TABLE 2 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MICRODISPLAY MARKET
    2.6 RISK ASSESSMENT 
           TABLE 3 LIMITATIONS AND ASSOCIATED RISKS
 
3 EXECUTIVE SUMMARY (Page No. - 39)
    FIGURE 10 MICRODISPLAY MARKET SIZE, 2019–2028
    FIGURE 11 OLED SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 12 AUTOMOTIVE SEGMENT TO HOLD MAJOR SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
    FIGURE 13 MICRODISPLAY MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICRODISPLAY MARKET 
           FIGURE 14 GROWING APPLICATIONS OF NTE DEVICES ACROSS INDUSTRIES TO DRIVE MICRODISPLAY MARKET DURING FORECAST PERIOD
    4.2 MICRODISPLAY MARKET, BY PRODUCT 
           FIGURE 15 NTE DEVICES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
           FIGURE 16 OLED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MICRODISPLAY MARKET IN 2028
    4.3 MICRODISPLAY MARKET, BY VERTICAL 
           FIGURE 17 AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
    4.4 MICRODISPLAY MARKET, BY COUNTRY 
           FIGURE 18 MICRODISPLAY MARKET IN US TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 MICRODISPLAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for microdisplays in wearable devices
                               TABLE 4 DISPLAY TECHNOLOGIES USED IN POPULAR AR AND VR DEVICES
                    5.2.1.2 Evolving microdisplays in terms of size and technologies
                    5.2.1.3 Increasing demand for AR devices in healthcare applications
                    5.2.1.4 Rising adoption of HMDs in different industries
                    5.2.1.5 Growing demand for OLED microdisplays
                               TABLE 5 COMPARISON OF DIFFERENT DISPLAY TECHNOLOGIES
           5.2.2 RESTRAINTS
                    5.2.2.1 Saturation of markets for digital cameras and projectors
                    5.2.2.2 High manufacturing costs of microdisplays
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of microdisplays in aerospace and defense sector
                    5.2.3.2 Increase in demand for medical displays
                    5.2.3.3 Presence of key players in Asia Pacific
           5.2.4 CHALLENGES
                    5.2.4.1 Development of power-efficient microdisplays with high-resolution and brightness
                    5.2.4.2 Reduction in display latency
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 20 MICRODISPLAY MARKET: SUPPLY CHAIN
    5.4 DISPLAY MARKET: ECOSYSTEM 
    5.5 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 
           5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
                    FIGURE 21 REVENUE SHIFT IN MICRODISPLAY MARKET
    5.6 TYPES OF MICRODISPLAYS 
           5.6.1 REFLECTIVE
           5.6.2 TRANSMISSIVE
    5.7 TECHNOLOGY ANALYSIS 
           TABLE 6 MICRODISPLAY TECHNOLOGY COMPARISON
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 7 MICRODISPLAY MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 22 PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
                    TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
                    TABLE 9 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
    5.10 CASE STUDIES, BY VERTICAL 
           5.10.1 MICRODISPLAYS FOR CONSUMERS
           5.10.2 MICRODISPLAYS FOR AEROSPACE
           5.10.3 MICRODISPLAYS FOR MEDICAL
           5.10.4 MICRODISPLAYS FOR MILITARY AND DEFENSE
           5.10.5 MICRODISPLAYS FOR AUTOMOTIVE
           5.10.6 MICRODISPLAYS IN SPORTS AND ENTERTAINMENT
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE SELLING PRICE TREND, BY PRODUCT
                    FIGURE 25 MICRODISPLAY MARKET: AVERAGE PRICE FOR PRODUCT
    5.12 KEY CONFERENCES AND EVENTS, 2023 
           TABLE 10 MICRODISPLAY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.13 REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS AND REGULATIONS
                    5.13.2.1 Regulations
                    5.13.2.2 Standards
 
6 MICRODISPLAY MARKET, BY PRODUCT (Page No. - 72)
    6.1 INTRODUCTION 
           FIGURE 26 MICRODISPLAY MARKET, BY PRODUCT
           FIGURE 27 NTE DEVICES TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
           TABLE 15 MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
           TABLE 16 MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
           TABLE 17 MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (MILLION UNITS)
           TABLE 18 MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (MILLION UNITS)
    6.2 NEAR-TO-EYE (NTE) DEVICES 
           TABLE 19 NTE DEVICES: MICRODISPLAY MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 20 NTE DEVICES: MICRODISPLAY MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 21 NTE DEVICES: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 22 NTE DEVICES: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    6.2.1.1 Use of EVFs in digital still cameras and video cameras to drive market
                               TABLE 23 CAMERAS/EVFS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 24 CAMERAS/EVFS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
                               TABLE 25 CAMERAS/EVFS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                               TABLE 26 CAMERAS/EVFS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                               TABLE 27 CAMERAS/EVFS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                               TABLE 28 CAMERAS/EVFS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           6.2.2 HEAD-MOUNTED DISPLAYS (HMDS)
                    FIGURE 28 ASIA PACIFIC TO HOLD LARGEST SIZE OF MICRODISPLAY MARKET FOR HMDS DURING FORECAST PERIOD
                    TABLE 29 HMDS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 30 HMDS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 31 HMDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 32 HMDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 33 HMDS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 34 HMDS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
                    TABLE 35 HMDS: MICRODISPLAY MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 36 HMDS: MICRODISPLAY MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    6.2.2.1 Augmented reality (AR) HMDs
                               6.2.2.1.1 Use of AR HMDs for pre-hospital medical care, clinical nursing care, and medical treatment to fuel market growth
                    6.2.2.2 Virtual reality (VR) HMDs
                               6.2.2.2.1 Deployment of virtual reality HMDs in gaming and entertainment, healthcare, retail, and eCommerce to boost market
    6.3 HEAD-UP DISPLAYS (HUDS) 
           6.3.1 DEMAND FOR HEAD-UP DISPLAYS IN AUTOMOTIVE AND AEROSPACE AND DEFENSE SECTORS TO FAVOR MARKET GROWTH
                    TABLE 37 HUDS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 38 HUDS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 39 HUDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 40 HUDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 41 HUDS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 42 HUDS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    6.4 PROJECTORS 
           TABLE 43 PROJECTORS: MICRODISPLAY MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 44 PROJECTORS: MICRODISPLAY MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 45 PROJECTORS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 46 PROJECTORS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 47 PROJECTORS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 48 PROJECTORS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 49 PROJECTORS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 50 PROJECTORS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           6.4.1 PICO PROJECTORS
                    6.4.1.1 Use of microdisplays in pico projectors to reduce device size to drive demand
           6.4.2 DATA PROJECTORS
                    6.4.2.1 Utilization of microdisplays in data projectors to generate image of desired resolution to boost market
    6.5 OTHERS 
           TABLE 51 OTHERS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 52 OTHERS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
           TABLE 53 OTHERS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 54 OTHERS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 55 OTHERS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 56 OTHERS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
 
7 MICRODISPLAY MARKET, BY RESOLUTION AND BRIGHTNESS (Page No. - 91)
    7.1 BY RESOLUTION 
           7.1.1 INTRODUCTION
                    FIGURE 29 MICRODISPLAY MARKET, BY RESOLUTION
                    TABLE 57 MICRODISPLAY RESOLUTION BASED ON DIFFERENT CATEGORIES
                    FIGURE 30 HIGHER THAN FHD RESOLUTION SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 58 MICRODISPLAY MARKET, BY RESOLUTION, 2019–2022 (USD MILLION)
                    TABLE 59 MICRODISPLAY MARKET, BY RESOLUTION, 2023–2028 (USD MILLION)
           7.1.2 LOWER THAN HD
                    7.1.2.1 Lower than HD microdisplays generally used in HUDs and EVFs
           7.1.3 HD
                    7.1.3.1 AR HMDs to drive segmental growth
           7.1.4 FHD
                    7.1.4.1 FHD segment projected to hold significant share in microdisplay market by 2028
           7.1.5 HIGHER THAN FHD
                    7.1.5.1 Higher than FHD microdisplays mainly used in HMDs
    7.2 BY BRIGHTNESS 
           7.2.1 INTRODUCTION
                    FIGURE 31 MICRODISPLAY MARKET, BY BRIGHTNESS
                    FIGURE 32 500 TO 1,000 NITS BRIGHTNESS SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 60 MICRODISPLAY MARKET, BY BRIGHTNESS, 2019–2022 (USD MILLION)
                    TABLE 61 MICRODISPLAY MARKET, BY BRIGHTNESS, 2023–2028 (USD MILLION)
           7.2.2 LESS THAN 500 NITS
                    7.2.2.1 Use of microdisplays of less than 500 nits in EVFs, HUDs, and HMDs to drive market
           7.2.3 500 TO 1,000 NITS
                    7.2.3.1 Microdisplays having 500 to 1,000 nits of brightness increasingly being deployed in indoor and outdoor applications
           7.2.4 MORE THAN 1,000 NITS
                    7.2.4.1 Use of microdisplays with more than 1,000 nits of brightness in projectors to fuel market growth
 
8 MICRODISPLAY MARKET, BY VERTICAL (Page No. - 98)
    8.1 INTRODUCTION 
           FIGURE 33 MICRODISPLAY MARKET, BY VERTICAL
           FIGURE 34 RETAIL AND HOSPITALITY SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 62 MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 63 MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.2 CONSUMER 
           8.2.1 INCREASE IN NUMBER OF OEMS TO HELP DRIVE DEMAND FOR MICRODISPLAYS
                    TABLE 64 CONSUMER: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 65 CONSUMER: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.3 AUTOMOTIVE 
           8.3.1 USE OF MICRODISPLAYS IN HUDS AND HMDS IN AUTOMOTIVE INDUSTRY TO BOOST MARKET GROWTH
                    TABLE 66 AUTOMOTIVE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 67 AUTOMOTIVE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.4 INDUSTRIAL & ENTERPRISE 
           8.4.1 MICRODISPLAYS TO WITNESS INCREASED DEMAND FOR DEPLOYMENT IN PROJECTORS AND AR HMDS
                    TABLE 68 INDUSTRIAL & ENTERPRISE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 69 INDUSTRIAL & ENTERPRISE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.5 MILITARY, DEFENSE, AND AEROSPACE 
           8.5.1 HMDS TO LEAD USAGE IN MILITARY, DEFENSE, AND AEROSPACE VERTICAL DURING FORECAST PERIOD
                    TABLE 70 MILITARY, DEFENSE, AND AEROSPACE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 71 MILITARY, DEFENSE, AND AEROSPACE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.6 RETAIL & HOSPITALITY 
           8.6.1 DEPLOYMENT OF AR AND VR TECHNOLOGIES IN FASHION STORES FOR VIRTUAL DESIGNING TO FAVOR MARKET EXPANSION
                    TABLE 72 RETAIL & HOSPITALITY: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 73 RETAIL & HOSPITALITY: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.7 MEDICAL 
           8.7.1 USE OF MICRODISPLAY-BASED HMDS FOR TRAINING, SIMULATION, DATA DISPLAY, AND MICROSURGERY TO DRIVE MARKET
                    TABLE 74 MEDICAL: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 75 MEDICAL: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.8 EDUCATION 
           8.8.1 INCREASED USE OF MICRODISPLAY-BASED DEVICES IN EDUCATION TO FUEL MARKET GROWTH
                    TABLE 76 EDUCATION: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 77 EDUCATION: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.9 SPORTS & ENTERTAINMENT 
           8.9.1 USE OF AR AND VR FOR TRAINING PLAYERS TO FUEL DEMAND FOR AR AND VR HMDS
                    TABLE 78 SPORTS & ENTERTAINMENT: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 79 SPORTS & ENTERTAINMENT: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    8.10 OTHERS 
           TABLE 80 OTHERS: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
           TABLE 81 OTHERS: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
 
9 MICRODISPLAY MARKET, BY TECHNOLOGY (Page No. - 112)
    9.1 INTRODUCTION 
           FIGURE 35 MICRODISPLAY MARKET, BY TECHNOLOGY
           FIGURE 36 OLED SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 82 MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 83 MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    9.2 LIQUID CRYSTAL DISPLAY (LCD) 
           9.2.1 LOW VOLTAGE AND POWER CONSUMPTION AND HIGH RESOLUTION AND CONTRAST OF LCD-BASED MICRODISPLAYS TO DRIVE MARKET
                    TABLE 84 LCD: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 85 LCD: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    9.3 LIQUID CRYSTAL ON SILICON (LCOS) 
           9.3.1 ABILITY OF LCOS TECHNOLOGY TO USE NARROWBAND LIGHT SOURCES FOR ILLUMINATION TO PROPEL MARKET GROWTH
                    TABLE 86 LCOS: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 87 LCOS: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    9.4 ORGANIC LIGHT-EMITTING DIODE (OLED) 
           9.4.1 USE OF OLED MICRODISPLAYS IN EVFS, HMDS, AND HUDS TO DRIVE MARKET
                    TABLE 88 OLED: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 89 OLED: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
    9.5 DIGITAL LIGHT PROCESSING (DLP) 
           9.5.1 INCREASED BRIGHTNESS, LOW COST, AND HIGH OPTICAL EFFICIENCY OF DLP TECHNOLOGY TO FAVOR MARKET GROWTH
                    TABLE 90 DLP: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
                    TABLE 91 DLP: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
 
10 MICRODISPLAY MARKET, BY REGION (Page No. - 121)
     10.1 INTRODUCTION 
             FIGURE 37 MICRODISPLAY MARKET, BY REGION
             FIGURE 38 MICRODISPLAY MARKET IN NORTH AMERICA TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
             FIGURE 39 ASIA PACIFIC TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
             TABLE 92 MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 93 MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             FIGURE 40 NORTH AMERICA: MICRODISPLAY MARKET SNAPSHOT
             TABLE 94 NORTH AMERICA: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
             TABLE 95 NORTH AMERICA: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             TABLE 96 NORTH AMERICA: MICRODISPLAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 97 NORTH AMERICA: MICRODISPLAY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.2.1 IMPACT OF RECESSION ON NORTH AMERICAN MICRODISPLAY MARKET
             10.2.2 US
                        10.2.2.1 Advancements in medical devices and equipment to drive microdisplay market
             10.2.3 CANADA & MEXICO
                        10.2.3.1 Adoption of HUDs in automobiles to spur growth of microdisplay market
     10.3 EUROPE 
             FIGURE 41 EUROPE: MICRODISPLAY MARKET SNAPSHOT
             TABLE 98 EUROPE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
             TABLE 99 EUROPE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             TABLE 100 EUROPE: MICRODISPLAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 101 EUROPE: MICRODISPLAY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.3.1 IMPACT OF RECESSION ON EUROPEAN MICRODISPLAY MARKET
             10.3.2 GERMANY
                        10.3.2.1 Increased penetration of HUDs in automobiles to drive demand for microdisplays
             10.3.3 FRANCE
                        10.3.3.1 Rise in export demand for military weapons to contribute to growth of microdisplay market
             10.3.4 UK
                        10.3.4.1 Government initiatives to drive growth and transformation of microdisplay manufacturing ecosystem
             10.3.5 REST OF EUROPE
     10.4 ASIA PACIFIC 
             FIGURE 42 ASIA PACIFIC: MICRODISPLAY MARKET SNAPSHOT
             TABLE 102 ASIA PACIFIC: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
             TABLE 103 ASIA PACIFIC: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             TABLE 104 ASIA PACIFIC: MICRODISPLAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 105 ASIA PACIFIC: MICRODISPLAY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.4.1 IMPACT OF RECESSION ON ASIA PACIFIC MICRODISPLAY MARKET
             10.4.2 CHINA
                        10.4.2.1 High demand for consumer electronics to drive market
             10.4.3 JAPAN
                        10.4.3.1 Presence of several key vendors of cameras/EVFs and projectors to spur market growth
             10.4.4 SOUTH KOREA
                        10.4.4.1 Increase in demand for smartphones, mirrorless cameras, HMDs, and smart wearables to fuel market growth
             10.4.5 TAIWAN
                        10.4.5.1 Increasing number of AR and VR startups to drive market growth
             10.4.6 REST OF ASIA PACIFIC
     10.5 REST OF THE WORLD (ROW) 
             TABLE 106 ROW: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
             TABLE 107 ROW: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
             TABLE 108 ROW: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 109 ROW: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.5.1 IMPACT OF RECESSION ON ROW MICRODISPLAY MARKET
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Increase in use of AR and VR technologies in agriculture sector to contribute to demand for HMDs equipped with microdisplays
             10.5.3 MIDDLE EAST & AFRICA
                        10.5.3.1 Surge in adoption of HMDs equipped with microdisplays in oil & gas industry to drive market
 
11 COMPETITIVE LANDSCAPE (Page No. - 142)
     11.1 INTRODUCTION 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN 
                        TABLE 110 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN MICRODISPLAY MARKET
             11.2.1 PRODUCT PORTFOLIO
             11.2.2 REGIONAL FOCUS
             11.2.3 MANUFACTURING FOOTPRINT
             11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     11.3 MARKET SHARE ANALYSIS, 2022 
           TABLE 111 MICRODISPLAY MARKET: DEGREE OF COMPETITION, 2022
     11.4 KEY COMPANY EVALUATION QUADRANT 
             11.4.1 STARS
             11.4.2 EMERGING LEADERS
             11.4.3 PERVASIVE PLAYERS
             11.4.4 PARTICIPANTS
                        FIGURE 43 COMPANY EVALUATION QUADRANT: MICRODISPLAY MARKET, 2022
     11.5 COMPETITIVE SCENARIOS AND TRENDS 
             11.5.1 PRODUCT LAUNCHES
                        TABLE 112 MICRODISPLAY MARKET: PRODUCT LAUNCHES, 2020–2022
             11.5.2 DEALS
                        TABLE 113 MICRODISPLAY MARKET: DEALS, 2020–2023
 
12 COMPANY PROFILES (Page No. - 153)
     12.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*  
             12.1.1 SONY GROUP CORPORATION
                        TABLE 114 SONY GROUP CORPORATION: COMPANY OVERVIEW
                        FIGURE 44 SONY GROUP CORPORATION: COMPANY SNAPSHOT
                        TABLE 115 SONY GROUP CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 116 SONY GROUP CORPORATION: PRODUCT LAUNCHES
                        TABLE 117 SONY GROUP CORPORATION: DEALS
                        TABLE 118 SONY GROUP CORPORATION: OTHERS
             12.1.2 SEIKO EPSON CORPORATION
                        TABLE 119 SEIKO EPSON CORPORATION: COMPANY OVERVIEW
                        FIGURE 45 SEIKO EPSON CORPORATION: COMPANY SNAPSHOT
                        TABLE 120 SEIKO EPSON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 121 SEIKO EPSON CORPORATION: PRODUCT LAUNCHES
                        TABLE 122 SEIKO EPSON CORPORATION: DEALS
             12.1.3 EMAGIN CORPORATION
                        TABLE 123 EMAGIN CORPORATION: COMPANY OVERVIEW
                        FIGURE 46 EMAGIN CORPORATION: COMPANY SNAPSHOT
                        TABLE 124 EMAGIN CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 125 EMAGIN CORPORATION: PRODUCT LAUNCHES
                        TABLE 126 EMAGIN CORPORATION: DEALS
                        TABLE 127 EMAGIN CORPORATION: OTHERS
             12.1.4 KOPIN CORPORATION
                        TABLE 128 KOPIN CORPORATION: COMPANY OVERVIEW
                        FIGURE 47 KOPIN CORPORATION: COMPANY SNAPSHOT
                        TABLE 129 KOPIN CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 130 KOPIN CORPORATION: PRODUCT LAUNCHES
                        TABLE 131 KOPIN CORPORATION: DEALS
                        TABLE 132 KOPIN CORPORATION: OTHERS
             12.1.5 HIMAX TECHNOLOGIES, INC.
                        TABLE 133 HIMAX TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 48 HIMAX TECHNOLOGIES, INC.: COMPANY SNAPSHOT
                        TABLE 134 HIMAX TECHNOLOGIES, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 135 HIMAX TECHNOLOGIES, INC.: DEALS
             12.1.6 HOLOEYE PHOTONICS
                        TABLE 136 HOLOEYE PHOTONICS: COMPANY OVERVIEW
                        TABLE 137 HOLOEYE PHOTONICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 138 HOLOEYE PHOTONICS: PRODUCT LAUNCHES
             12.1.7 WISECHIP SEMICONDUCTOR
                        TABLE 139 WISECHIP SEMICONDUCTOR: COMPANY OVERVIEW
                        TABLE 140 WISECHIP SEMICONDUCTOR: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             12.1.8 RAYSTAR OPTRONICS
                        TABLE 141 RAYSTAR OPTRONICS: COMPANY OVERVIEW
                        TABLE 142 RAYSTAR OPTRONICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 143 RAYSTAR OPTRONICS: PRODUCT LAUNCHES
             12.1.9 WINSTAR DISPLAY
                        TABLE 144 WINSTAR DISPLAY: COMPANY OVERVIEW
                        TABLE 145 WINSTAR DISPLAY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 146 WINSTAR DISPLAY: PRODUCT LAUNCHES
             12.1.10 YUNNAN OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY
                        TABLE 147 YUNNAN OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY: COMPANY OVERVIEW
                        TABLE 148 YUNNAN OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY: PRODUCTS/ SERVICES/SOLUTIONS OFFERED
     12.2 OTHER KEY PLAYERS 
             12.2.1 OMNIVISION
             12.2.2 SYNDIANT
             12.2.3 MICROOLED TECHNOLOGIES
             12.2.4 VUEREAL
             12.2.5 MICROVISION
             12.2.6 JASPER DISPLAY CORP.
             12.2.7 BOE TECHNOLOGY GROUP CO., LTD.
             12.2.8 JBD
             12.2.9 RAONTECH
             12.2.10 LITEYE
             12.2.11 SILICON MICRO DISPLAY (SMD)
             12.2.12 SHENZHEN ANPO INTELLIGENCE TECHNOLOGY CO., LTD.
             12.2.13 COMPOUND PHOTONICS
             12.2.14 CINOPTICS
             12.2.15 LUMIODE
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.  
 
13 APPENDIX (Page No. - 194)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

 

 

The study involved four major activities in estimating the size of the microdisplay market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering microdisplay have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the microdisplay market. Secondary sources considered for this research study include government sources; corporate filings; and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.    

Secondary research has been mainly used to obtain key information about the supply chain of microdisplay to identify key players based on their products and prevailing industry trends in the microdisplay market by product, by resolution and brightness, by vertical, by technology, and by region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.  

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the microdisplay market through secondary research. Several primary interviews have been conducted with the key opinion leaders from demand and supply sides across four main regions—the North America, Europe, Asia Pacific, and Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% have been conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephonic interviews.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Microdisplay Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the microdisplay market.

  • Identifying various products using or expected to use microdisplay panels
  • Analyzing historical and current data pertaining to the market, in terms of volume, for each product segment of the microdisplay market
  • Analyzing major manufacturers of microdisplays, studying their portfolios, and understanding their product features, such as resolution and technology, as well as identifying the type of products wherein they are used
  • Analyzing the average selling price of microdisplays based on different display technologies used in different products
  • Arriving at the market estimates by analyzing the revenues generated by the panel manufacturers based on their locations (countries) and then combining these revenues to get the overall market size
  • Studying various paid and unpaid sources, such as annual reports, press releases, white papers, and databases, to gather the required information
  • Tracking the ongoing developments and identifying the upcoming ones in the market that include investments, research and development activities, product launches, collaborations, and partnerships undertaken, as well as forecasting the market based on these developments and other critical parameters
  • Carrying out multiple discussions with the key opinion leaders to understand the microdisplay technologies and related raw materials, as well as products designed and developed to analyze the break-up of the scope of work carried out by the key companies manufacturing panels
  • Verifying and crosschecking the estimate at every level through discussions with the key opinion leaders, such as CXOs, directors, and operations managers, and finally with the domain experts in MarketsandMarkets

Microdisplay Market Size, and Bottom-up Approach

The top-down approach has been used to estimate and validate the total size of the microdisplay market.

  • Focusing on top-line investments and expenditures being made in the ecosystem of the microdisplay market
  • Calculating the market size considering revenues of the key players generated through the sales of microdisplays
  • Considering split based on research and development activities and key developments in the important market areas
  • Mapping the use of microdisplays by different companies in various products, such as NTE display devices and projection devices, as well as applications
  • Acquiring and analyzing information related to revenues generated by players through their key product offerings
  • Conducting multiple on-field discussions with the key opinion leaders across key companies involved in the development of microdisplay products
  • Estimating the geographic split using secondary sources based on various factors, such as the number of players in a specific country and region and the types of microdisplay products used in commercial; consumer; automotive; industrial & enterprise; military, defense, and aerospace; medical; and education applications

Microdisplay Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the microdisplay market.  

Market Definition

Microdisplays are microminiaturized displays with a diagonal screen size of less than 1 inch. They are manufactured using 4 key technologies—LCD, LCoS, OLED, and DLR. The small size, high resolution, and low power consumption of these displays make them ideal for use in head-mounted displays (HMDs), head-up displays (HUDs), electronic viewfinders (EVFs), and several other devices.

Key Stakeholders

  • Brand Product Manufacturers/Original Equipment Manufacturers (OEMs)/Original Device Manufacturers (ODMs)
  • Microdisplay Product Manufacturers
  • Microdisplay Panel Manufacturers
  • Semiconductor Component Suppliers/Foundries
  • Microdisplay Material and Component Suppliers
  • Manufacturing Equipment Suppliers
  • System Integrators
  • Technology/IP Developers
  • Consulting and Market Research Service Providers
  • Microdisplay and Material-related Associations, Organizations, Forums, and Alliances
  • Venture Capitalists and Startups
  • Research and Educational Institutes
  • Distributors and Resellers
  • End Users

Report Objectives

  • To describe and forecast the size of the microdisplay market, by product, in terms of value and volume
  • To describe and forecast the market size of various segments across four key regions—North America, Europe, Asia Pacific, and Rest of World (RoW), in terms of value 
  • To describe and forecast the size of the market, by technology, resolution and brightness, and vertical, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the microdisplay market 
  • To identify key microdisplay manufacturers and analyze their production capabilities and new fab construction plans in the market
  • To analyze the ecosystem/supply chain of microdisplay products consisting of component suppliers, driver IC suppliers, manufacturing equipment suppliers, manufacturers, and brand product manufacturers
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape
  • To provide details of the competitive landscape for market leaders
  • To analyze competitive developments, such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches and developments in the market
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • Updated market developments of profiled players: The current report includes the market developments from January 2020 to March 2023.

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 1647
Published ON
May, 2023
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