Microdisplay Market

Microdisplay Market by Product (HMD, HUD, EVF, Projector), Technology (OLED, LCoS, LCD, DLP), Industry (Consumer, Industrial/Enterprise, Aerospace, Automotive, Retail, Entertainment, Medical), Resolution, Brightness, and Region - Global Forecast to 2024

Report Code: SE 1647 Jan, 2019, by marketsandmarkets.com
Updated date -

Microdisplay market size is expected to grow from USD 972 million in 2018 to USD 3,583 million by 2024, at a CAGR of 24.3% from 2018 to 2024.

Microdisplays Market

Selected Market Dynamics in Microdisplay Market

Escalated demand for OLED microdisplays

OLED technology offers thin, efficient, and bright displays made from thin films of organic light-emitting materials that emit light when electricity is applied. Many industry experts believe OLEDs are set to replace existing technologies in the display ecosystem. Given this, many companies started investing heavily in R&D related to OLED.

OLED microdisplays are gaining momentum due to their advanced features that include higher contrast, faster response time, and a wider operating temperature range compared to LCDs. They have outperformed conventional LCD and LCoS microdisplay technologies; hence, OLED microdisplays are being widely used in EVFs and HMDs. The consumer OLED microdisplay market encompasses video and VR glasses and EVFs; the industrial market covers AR smart glasses for logistics applications, while the defense market targets AR helmets for pilots.

Saturation of markets for digital cameras and projectors eventually slowing down microdisplay market growth

A camera is an optical instrument used for capturing and recording images, which are stored in a physical form known as a digital system. An EVF is a camera viewfinder that projects the image captured by the lens on a microdisplay, which assists in aiming the camera at the target to be photographed or viewed, and mostly EVFs are used in digital still cameras and video cameras. The overall digital camera and projector market is maturing, and growth is naturally slowing as it becomes nearly saturated. Due to the declining demand for digital cameras, the demand for microdisplays has also reduced for these products.

Similar is the case for data projectors that are witnessing a decrease in shipments. Thus, cameras and projectors are limiting the growth of the microdisplay market.

Microdisplay market for HMDs to propel growth during forecast period

Projectors and cameras/EVFs have been dominating the microdisplay market by accounting for the largest market size, with major players such as Epson and Sony active in the projector and camera market. However, saturation in projector and camera shipments would lead to slower growth of the market than that for other emerging products. Shipment growth will mainly be driven by accelerating demand for microdisplays to be deployed in HMDs and HUDs during the forecast period.

The increasing use of AR glasses in the industrial and enterprise industry for providing on-the-job training to field workers, warehouse management, maintenance and inspection activities, and so on creates significant demand for HMDs. With high growth in unit shipments in AR HMDs, the Microdisplay market is expected to grow tremendously during the forecast period.

LCD and LCoS microdisplays estimated to hold major market share in 2018

LCD technology holds largest share of the microdisplay market, while LCoS technology contributes second-largest market share. Cameras/EVFs and projectors are leading products for which LCD microdisplays have the highest demand due to their relatively low-cost and simple manufacturing process. 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.

Microdisplay market in automotive and military, defense and aerospace industries to exhibit higher growth from 2018 to 2024

At present, microdisplays are in great demand for projectors and EVFs; therefore, the consumer segment accounts for the largest market share. However, products such as AR HMDs, HUDs, and VR HMDs are expected to gain significant market share during the forecast period, which will result in high growth of the market for microdisplay used in other industries such as industrial and enterprise; automotive; and military, defense, and aerospace.

The increasing use of HMDs and HUDs in military, defense, and aerospace industry drive the microdisplay market growth. With the growing trend for ADAS, the automotive sector is witnessing surging demand for HUDs. HUDs project key information directly in drivers’ line of sight; it also assists the drivers to get directions, receive calls, texts and control music without looking away from the road; therefore, it is a safer and less distractive tool. With the growing market for ADAS, the automotive sector is witnessing surging demand for HUDs.

“Market for microdisplays with FHD and higher resolution expected to grow at higher CAGR during forecast period”

High-resolution microdisplays are used in HMDs in industries such as medical, military, defense, and aerospace to obtain a clear view of the image or object. Moreover, high-resolution microdisplays offer better viewing experience to users, which results in their increasing popularity for high-resolution display devices. The increasing demand for high-resolution microdisplays in HMDs is expected to drive the use of high-resolution microdisplays.

Microdisplay Market in APAC to account for highest demand during forecast period

APAC exhibits the highest demand for microdisplays, especially for products such as cameras/EVFs, projectors, and HUDs. Huge market size in APAC is because of the rapid industrialization, as well as the presence of a large number of OEMs and many consumers in the region. Consumer; industrial and enterprise; automotive; military, defense, and aerospace are the major industries in APAC that contribute significantly to the market growth.

The presence of a substantial number of microdisplay manufacturers in the region has led to the decrease in prices of microdisplays and the increase in the penetration of microdisplay-based devices in the market. Moreover, the majority of the demand for microdisplays is from China, Japan, and South Korea.

Microdisplays Market

Key Market Players

Sony (Japan); Seiko Epson (Japan); eMagin Corporation (US); Kopin Corporation (US); OLiGHTEK (China); Himax Technologies (Taiwan); HOLOEYE Photonics (Germany); WiseChip Semiconductor (Taiwan); Raystar Optronics (Taiwan); and WINSTAR Display (Taiwan) are a few key players in the microdisplay market.

Scope of the Report:

Report Metric

Details

Report Name

Microdisplay Market

Base year

2017

Forecast period

2018–2024

Units

Value (USD)

Segments covered

Type, End User, Offerings, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Sony (Japan); Seiko Epson (Japan); eMagin Corporation (US); Kopin Corporation (US); OLiGHTEK (China); Himax Technologies (Taiwan); HOLOEYE Photonics (Germany); WiseChip Semiconductor (Taiwan); Raystar Optronics (Taiwan); and WINSTAR Display (Taiwan)

eMagin generates most of its revenue from the sales of OLED microdisplay products to the military, industrial, medical, and consumer verticals. The company also earns revenue from governmental and commercial contracts that support the internal research and development programs. The company mainly focuses on entering into partnerships with tier 1 consumer companies and companies with high-volume production capabilities. Apart from this, the company focuses on optimizing the manufacturing efficiency of microdisplays and entering into the consumer electronics market. Moreover, the company has its presence in North America, Asia, and Europe.

Microdisplay Market Segmentation:

In this report, the microdisplay market has been segmented into the following categories:

Microdisplay Market, by Product:

  • Near-to-Eye (NTE) Devices
    • Electronic Viewfinder (EVF)/Camera
    • HMD
      • AR HMD
      • VR HMD
  • HUD
  • Projector
    • Pico Projector
    • Data Projector
  • Others (Monocular and Binocular Systems, Rifle Scopes, Thermal Imaging Glasses, and Medical Equipment)

Microdisplay Market, by Technology:

  • Introduction
  • LCD
  • LCoS
  • OLED
  • DLP

    Microdisplay Market, by Resolution:

    • Lower than HD
    • HD
    • FHD
    • Higher than FHD

    Microdisplay Market, by Brightness:

    • Less than 500 Nits
    • 500 to 1,000 Nits
    • More than 1,000 Nits

    Microdisplay Market, by Industry:

    • Consumer
    • Industrial & Enterprise
    • Automotive
    • Military, Defense, and Aerospace
    • Sports & Entertainment
    • Retail & Hospitality
    • Medical
    • Education
    • Others (BFSI, Telecommunications, Construction, Agriculture, and Transportation)

      Microdisplay Market, by Geography:

      • Asia Pacific (APAC)
        • Japan
        • China
        • South Korea
        • Rest of APAC
      • North America
        • US
        • Canada & Mexico
      • Europe
        • UK
        • France
        • Germany
        • Rest of Europe
      • Rest of the World (RoW)
        • Middle East & Africa
        • South America

      Key questions addressed by the report:

      • What are the opportunities in the microdisplay market in different products/applications in the next 5 years?
      • How much growth is expected from LCD, OLED, LCoS, and DLP type microdisplays in the market and what would be the impact of these display technologies on different products?
      • Which industry is expected to provide high growth potential in the market?
      • Who are major current and potential competitors in the market, and what are their top priorities, strategies, and developments?
      • What can be the potential impact of micro-LED displays in the market?
      • Which are the top use cases/applications/industries of microdisplays to invest in and what are untapped opportunities?

      Table of Content

      1 Introduction
          1.1 Study Objectives
          1.2 Definition
          1.3 Study Scope
                 1.3.1 Markets Covered
                 1.3.2 Years Considered
          1.4 Currency
          1.5 Limitations
          1.6 Stakeholders

      2 Research Methodology
          2.1 Research Data
                 2.1.1 Secondary Data
                          2.1.1.1 Key data from Secondary sources
                 2.1.2 Primary Data
                          2.1.2.1 Key data from Primary sources
                          2.1.2.2 Breakdown of primaries
          2.2 Market size estimation
                 2.2.1 Bottom-Up Approach
                 2.2.2 Top-Down Approach

      3 Executive Summary

      4 Premium Insights

      5 Market Overview
          5.1 Introduction
          5.2 Market Dynamics
                 5.2.1 Drivers
                 5.2.2 Restraints
                 5.2.3 Opportunities
                 5.2.4 Challenges

      6 Industry Trends

          6.1 Introduction
          6.2 Value Chain Analysis
          6.3 Key Industry Trends

      7 Microdisplay Market, By Technology

          7.1 Introduction
          7.2 Liquid Crystal Display (LCD)
          7.3 Liquid Crystal on Silicon (LCOS)
          7.4 Organic Light-Emitting Diode (OLED)
          7.5 Digital Light Processing (DLP)

      8 Microdisplay Market, By Type
          8.1 Introduction
          8.2 Reflective
          8.3 Transmissive

      9 Microdisplay Market, By Product

          9.1 Introduction
          9.2 Near-to-Eye (NTE) devices
                 9.2.1 Electronic viewfinder (EVF)/Camera
                 9.2.2 Head-mounted display (HMD)
                          9.2.2.1 Augmented reality (AR) HMD
                                     9.2.2.1.1 Headset
                                     9.2.2.1.2 Smart Glasses
                          9.2.2.2 Virtual reality (VR) HMD
                                     9.2.2.2.1 Headset
                                     9.2.2.2.2 Smart Glasses
          9.3 Head-up display (HMD)
          9.4 Projector
                 9.4.1 Pico projector
                 9.4.2 Data projector
          9.5 Others

      10 Microdisplay Market, By Resolution & Brightness

           10.1 Introduction
           10.2 Market, By Resolution
                   10.2.1 Introduction
                   10.2.2 Lower Than HD
                   10.2.3 HD
                   10.2.4 FHD
                   10.2.5 Higher Than FHD
           10.3 Market, By Brightness
                   10.3.1 Introduction
                   10.3.2 Less Than–500 Nits
                   10.3.3 501–1,000 Nits
                   10.3.4 More Than 1,001

      11 Microdisplay Market, By Industry
           11.1 Introduction
           11.2 Consumer
           11.3 Industrial and enterprise
           11.4 Automotive
           11.5 Military, defense, and aerospace
           11.6 Sports and entertainment
           11.7 Retail and hospitality
           11.8 Medical
           11.9 Education
           11.10 Others

      12 Microdisplay Market, By Region

           12.1 North America
                              12.1.1.1 US
                              12.1.1.2 Canada
                              12.1.1.3 Mexico
           12.2 Europe 
                              12.2.1.1 Germany
                              12.2.1.2 UK
                              12.2.1.3 France
                              12.2.1.4 Spain
                              12.2.1.5 Italy
                              12.2.1.6 Rest of Europe
           12.3 Asia-Pacific
                              12.3.1.1 China
                              12.3.1.2 Japan
                              12.3.1.3 South Korea
                              12.3.1.4 India
                              12.3.1.5 Australia
                              12.3.1.6 Rest of APAC
           12.4 RoW
                              12.4.1.1 Middle East
                              12.4.1.2 Africa
                              12.4.1.3 South America

      13 Competitive Landscape

           13.1 Introduction 
           13.2 Market Share Ranking Analysis
           13.3 Competitive Situation and Trends
                   13.3.1 New product launch/development
                   13.3.2 Mergers & acquisitions
                   13.3.3 Partnerships/Agreements/Strategic Alliances/Collaborations

      14 Company Profile

           14.1 Key Players
                   14.1.1 Sony
                   14.1.2 Seiko Epson
                   14.1.3 Emagin Corporation
                   14.1.4 Kopin Corporation
                   14.1.5 OLiGHTEK Opto-Electronic Technology
                   14.1.6 Himax Technologies
                   14.1.7 HOLOEYE Photonics
                   14.1.8 WiseChip Semiconductor
                   14.1.9 Raystar Optronics
                   14.1.10 WINSTAR Displa
                   14.1.11 Fraunhofer Fep
                   14.1.12 Industrial Technology Research Institute (ITRI) Taiwan
                   14.1.13 CEA-Leti
                   14.1.14 JBD Inc.
                   14.1.15 Vuereal
                   14.1.16 Jasper Display Corp.
                   14.1.17 Texas Instruments
                   14.1.18 Syndiant
                   14.1.19 Microoled
                   14.1.20 Raontech
                   14.1.21 Liteye Systems
                   14.1.22 Silicon Micro Display (SMD)
                   14.1.23 Citizen Finedevice
                   14.1.24 Omnivision Technologies
                   14.1.25 Microvision
                   14.1.26 SPI Corp.
                   14.1.27 Cinoptics
                   14.1.28 Anpo Intelligence Technology (ENMESI)
      (Business Overview, Products and Solutions Offered, Recent Developments, MnM View, SWOT Analysis)*

      15 Appendix

           15.1 Knowledge Store: Marketsandmarkets’ Subscription Portal
           15.2 Marketsandmarkets Knowledge Store: Snapshot
           15.3 Related Reports 
           15.4 Author Details


      List of Tables (78 Tables)

      Table 1 Microdisplay Technology Comparison
      Table 2 Microdisplay Market, By Type, 2015–2024 (USD Million)
      Table 3 Micro-Led Based Microdisplay Industry, By Product ,2017–2025 (USD Million)
      Table 4 Micro-Led Based Microdisplay Industry, By Region ,2017–2025 (USD Million)
      Table 5 Lomid Project
      Table 6 Microdisplay Industry Value and Volume, 2015–2024
      Table 7 Market, By Product, 2015–2024 (Million Units)
      Table 8 Market, By Product, 2015–2024 (USD Million)
      Table 9 Market for NTE Devices, By Region ,2015–2024 (USD Million)
      Table 10 Microdisplay Industry for NTE Devices, By Technology ,2015–2024 (USD Million)
      Table 11 Market for NTE Devices, By Industry ,2015–2024 (USD Million)
      Table 12 Market for NTE Devices, By Type, 2015–2024 (USD Million)
      Table 13 Microdisplay Industry for EVF/Camera, By Region ,2015–2024 (USD Million)
      Table 14 Market for EVF/Camera, By Technology ,2015–2024 (USD Million)
      Table 15 Market for EVF/Camera, By Industry ,2015–2024 (USD Million)
      Table 16 Microdisplay Industry for HMD, By Region, 2015–2024 (USD Million)
      Table 17 Market for HMD, By Technology, 2015–2024 (USD Million)
      Table 18 Market for HMD, By Industry, 2015–2024 (USD Million)
      Table 19 Market for HMD, By Type, 2015–2024 (USD Million)
      Table 20 Microdisplays Industry for HUD, By Region, 2015–2024 (USD Million)
      Table 21 Market for HUD, By Technology, 2015–2024 (USD Million)
      Table 22 Market for HUD, By Industry, 2015–2024 (USD Million)
      Table 23 Microdisplays Industry for Projector, By Region ,2015–2024 (USD Million)
      Table 24 Market for Projector, By Technology ,2015–2024 (USD Million)
      Table 25 Market for Projector, By Industry ,2015–2024 (USD Million)
      Table 26 Microdisplay Industry for Other Products, By Region ,2015–2024 (USD Million)
      Table 27 Market for Other Products, By Technology ,2015–2024 (USD Million)
      Table 28 Market for Other Products, By Industry ,2015–2024 (USD Million)
      Table 29 Market, By Technology, 2015–2024 (USD Million)
      Table 30 Lcd Microdisplay Industry, By Product, 2015–2024 (USD Million)
      Table 31 Lcd Microdisplay Industry, By Region, 2015–2024 (USD Million)
      Table 32 Lcos Microdisplay Industry, By Product, 2015–2024 (USD Million)
      Table 33 Lcos Microdisplay Industry, By Region, 2015–2024 (USD Million)
      Table 34 OLED Microdisplay Industry, By Product, 2015–2024 (USD Million)
      Table 35 OLED Microdisplay Industry, By Region, 2015–2024 (USD Million)
      Table 36 Dlp Microdisplay Industry, By Product, 2015–2024 (USD Million)
      Table 37 Dlp Microdisplay Industry, By Region, 2015–2024 (USD Million)
      Table 38 Microdisplay Resolution Details, By Category
      Table 39 Microdisplay Industry, By Resolution, 2015–2024 (USD Million)
      Table 40  Market, By Brightness, 2015–2024 (USD Million)
      Table 41 Market, By Industry, 2015–2024 (USD Million)
      Table 42 Microdisplay Industry for Consumer Industry, By Product ,2015–2024 (USD Million)
      Table 43 Market for Industrial and Enterprise Industry ,By Product, 2015–2024 (USD Million)
      Table 44 Microdisplay Industry for Automotive Industry, By Product ,2015–2024 (USD Million)
      Table 45 Market for Military, Defense, and Aerospace Industry ,By Product, 2015–2024 (USD Million)
      Table 46 Market for Sports and Entertainment Industry ,By Product, 2015–2024 (USD Million)
      Table 47 Market for Retail and Hospitality Industry ,By Product, 2015–2024 (USD Million)
      Table 48 Microdisplay Industry for Medical Industry, By Product ,2015–2024 (USD Million)
      Table 49 Market for Education Industry, By Product ,2015–2024 (USD Million)
      Table 50 Market for Other Industries, By Product ,2015–2024 (USD Million)
      Table 51 Microdisplay Industry, By Region, 2015–2024 (USD Million)
      Table 52 Market in APAC, By Product, 2015–2024 (USD Million)
      Table 53 Market in APAC, By Technology, 2015–2024 (USD Million)
      Table 54 Market in APAC, By Country, 2015–2024 (USD Million)
      Table 55 Market in North America, By Product ,2015–2024 (USD Million)
      Table 56 Market in North America, By Technology ,2015–2024 (USD Million)
      Table 57 Market in North America, By Country ,2015–2024 (USD Million)
      Table 58 Market in Europe, By Product, 2015–2024 (USD Million)
      Table 59 Market in Europe, By Technology ,2015–2024 (USD Million)
      Table 60 Market in Europe, By Country, 2015–2024 (USD Million)
      Table 61 Market in RoW, By Product, 2015–2024 (USD Million)
      Table 62 Market in RoW, By Technology, 2015–2024 (USD Million)
      Table 63 Market in RoW, By Region, 2015–2024 (USD Million)
      Table 64 Market, By Type, 2015–2024 (USD Million)
      Table 65 Market for Reflective, By Region 2015–2024 (USD Million)
      Table 66 Market for Transmissive, By Region 2015–2024 (USD Million)
      Table 67 Market in North America, By Type, 2015–2024 (USD Million)
      Table 68 Market in Europe, By Type, 2015–2024 (USD Million)
      Table 69 Market in APAC, By Type, 2015–2024 (USD Million)
      Table 70 Market in RoW, By Type, 2015–2024 (USD Million)
      Table 71 Microdisplays Market By Product, By Resolution 2015–2024 (USD Million)
      Table 72 Market, for NTE, By Resolution 2015–2024 (USD Million)
      Table 73 Market, for HUD, By Resolution 2015–2024 (USD Million)
      Table 74 Microdisplay Market for Projector, By Resolution 2015–2024 (USD Million)
      Table 75 Market By Brightness, By Industrty, 2015–2024 (USD Million)
      Table 76 Market for Less Than 500 Nts, By Industrty, 2015–2024 (USD Million)
      Table 77 Market for 500-1,000 Nts, By Industrty, 2015–2024 (USD Million)
      Table 78 Microdisplays Market for More Than 1,000 Nts, By Industrty, 2015–2024 (USD Million)


      List of Figures (74 Figures)

      Figure 1 Microdisplay Market Segmentation
      Figure 2 Market: Process Flow of Market Size Estimation
      Figure 3 Market: Research Design
      Figure 4 Bottom-Up Approach to Arrive at Market Size
      Figure 5 Top-Down Approach to Arrive at Market Size
      Figure 6 Data Triangulation
      Figure 7 Assumptions for Research Study
      Figure 8 HMD to Lead Microdisplay Market During Forecast Period
      Figure 9 OLED Microdisplays to Dominate Market During Forecast Period
      Figure 10 Automotive Industry to Hold Largest Size of Market During Forecast Period
      Figure 11 Microdisplay Market in North America to Grow at Highest CAGR During Forecast Period
      Figure 12 Rising Demand for HMD and HUD to Drive Market Growth
      Figure 13 HMD and HUD Products to Account for Significantly Larger Size of Market During Forecast Period
      Figure 14 HMD and HUD to Rapidly Gain Share in Microdisplays Market, By 2024
      Figure 15 OLED Technology-Based Microdisplays to Account for Largest Market Size By 2024
      Figure 16 Military, Defense, and Aerospace Industry to Achieve Larger Share of Market at Rapid Rate From 2018 to 2024
      Figure 17 FHD Microdisplays to Account for Largest Market Share By 2024
      Figure 18 Demand for Microdisplays With Higher Brightness to Grow Rapidly During Forecast Period
      Figure 19 Japan and AR HMD to Hold Largest Share of Market in APAC, Based on Country and Product, Respectively, By 2024
      Figure 20 US and China to Witness Higher CAGR Than Other Countries in Market During Forecast Period
      Figure 21 Market: Drivers, Restraints, Opportunities, and Challenges
      Figure 22 Augmented Reality and Virtual Reality Market, 2015–2023 (USD Billion)
      Figure 23 Microdisplay-Based AR and VR HMD Shipments, 2015–2024 (Million Units)
      Figure 24 Market Share in Terms of Value, By Technology, 2015–2024
      Figure 25 ADAS Penetration Rate in Global Sales of Light Vehicles, By Automation Level, 2017–2050
      Figure 26 Global Shipment for Head-Up Displays, 2015–2024 (Million Units)
      Figure 27 Global Shipment for Digital Still Cameras and Data Projectors, 2015–2024 (Million Units)
      Figure 28 Micro-LED Based Market, By Device Type, 2017–2025 (USD Million)
      Figure 29 Microdisplays Market: Value Chain
      Figure 30 Global Market for Microdisplays Based on Micro-LED Technology vs Microdisplays Based on Other Technologies, 2015–2024 (USD Billion)
      Figure 31 APAC to Account for Highest Demand for Micro-LED Based Microdisplays By 2025
      Figure 32 Market Segmentation, By Product
      Figure 33 HMD and HUD to Lead Microdisplay Market, in Terms of Demand, By 2024
      Figure 34 HMD to Dominate Market, in Terms of Value, During Forecast Period
      Figure 35 APAC to Hold Largest Size of Market for HUD During Forecast Period
      Figure 36 Microdisplays Market Segmentation, By Technology
      Figure 37 OLED to Command Microdisplay Market, Based on Technology, By 2024
      Figure 38 Camera/EVF and Projector to Account for Significantly Large Share of LCD Market During Forecast Period
      Figure 39 HUD and HMD to Capture Considerably Larger Share of LCOS Market During Forecast Period
      Figure 40 APAC to Account for Largest Size of LCOS Microdisplay Market During Forecast Period
      Figure 41 HMD to Account for Largest Share of OLED Market During Forecast Period
      Figure 42 APAC to Lead OLED Market, in Terms of Size, During Forecast Period
      Figure 43 Majority of Demand for DLP-Based Microdisplays to Emerge From APAC During Forecast Period
      Figure 44 Microdisplays Market, By Resolution
      Figure 45 Microdisplays With FHD and Higher Resolution to Exhibit Higher CAGR During Forecast Period
      Figure 46 Market, By Brightness
      Figure 47 Microdisplays With Higher Brightness to Witness Higher CAGR During Forecast Period
      Figure 48 Market Segmentation, By Industry
      Figure 49 Military, Defense, and Aerospace Segment to Exhibit Highest CAGR in Market During Forecast Period
      Figure 50 Camera/EVF to Account for Largest Share of Market for Consumer Segment During Forecast Period
      Figure 51 HMD to Lead Microdisplay Market in Industrial and Enterprise Industry During Forecast Period
      Figure 52 HUD to Account for Larger Size of  Market for Automotive Industry During Forecast Period
      Figure 53 HMD to Emerge as Leading Products in Market for Military, Defense, and Aerospace Industry in 2024
      Figure 54 HMD to Exhibit Highest Growth in Market for Sports and Entertainment Industry During Forecast Period
      Figure 55 Market, By Geography
      Figure 56 Market in China and US Expected to Grow Comparatively at Higher CAGR During Forecast Period
      Figure 57 North America to Exhibit Highest CAGR in Market During Forecast Period
      Figure 58 APAC to Continue to Account for Largest Size of Market During Forecast Period
      Figure 59 APAC: Microdisplay Market Snapshot
      Figure 60 HUD and HMD to Account for Major Share of Microdisplays Market in APAC By 2024
      Figure 61 Japan to Hold Largest Size of Market in APAC During Forecast Period
      Figure 62 North America: Market Snapshot
      Figure 63 HMD to Capture Largest Share of Market in North America During Forecast Period
      Figure 64 OLED Technology to Command Market in North America Market During Forecast Period
      Figure 65 Europe: Microdisplay Market Snapshot
      Figure 66 HMD and HUD to Account for Comparatively Larger Share of Market in Market in Europe During Forecast Period
      Figure 67 Germany to Command Market in Europe During Forecast Period
      Figure 68 Key Developments in Microdisplay Market (2015–2018)
      Figure 69 Ranking of Key Players in Market, 2018
      Figure 70 Sony: Company Snapshot
      Figure 71 Seiko Epson: Company Snapshot
      Figure 72 Emagin Corporation: Company Snapshot
      Figure 73 Kopin Corporation: Company Snapshot
      Figure 74 Himax Technologies: Company Snapshot

      The study involved 4 major activities to estimate the current size of the microdisplay market. Exhaustive secondary research was done to collect information on the market, including the peer market and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

      Secondary Research

      In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations (such as Consumer Technology Association (CES), Integrated Systems Europe, Camera & Imaging Products Association (CIPA)); white papers, display-based–marketing-related journals, certified publications, and articles from recognized authors; gold and silver standard websites; directories; and databases.

      Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s monetary chain, total pool of key players, and market segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, which has further been validated by primary research.

      Primary Research

      In the primary research process, various primary sources from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants from various key companies and organizations operating in the ecosystem of the microdisplay market.

      After the complete market engineering (including calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to verify and validate critical market numbers.

      Primary research has also been conducted to identify segmentation types and key players, as well as analyze the competitive landscape, key market dynamics (drivers, restraints, opportunities, and challenges), and major growth strategies adopted by market players. In the complete market engineering process, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the market, including the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed on the complete market engineering process to list the key information/insights throughout the report.

      Microdisplays Market

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

      Market Size Estimation

      In the market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall market and other dependent submarkets listed in this report. Extensive qualitative and quantitative analyses have been performed on the market engineering process to list key information/insights.

      Major players in the market have been identified through secondary research, and their market ranking has been determined through primary and secondary research. This involves the study of the annual and financial reports of top market players, and interviews with industry experts (such as CEOs, vice presidents, directors, and marketing executives) for key insights both quantitative and qualitative.

      All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

      Data Triangulation

      After arriving at the overall market size through the process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

      Study Objectives

      • To describe, estimate, and forecast the microdisplay market, in terms of value, by product, technology, brightness, resolution, and industry
      • To describe, estimate, and forecast the market, in terms of value, for various segments,
        by regions North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective countries
      • To forecast the microdisplay market, in terms of volume, by product
      • To provide detailed information regarding key trends, value chain, drivers, restraints, opportunities, and challenges pertaining to the microdisplay market
      • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
      • To analyze market opportunities for stakeholders and provide details of the competitive landscape of key players
      • To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches and developments in the microdisplay market
      • To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies

      Available Customization

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

      • Detailed analysis and profiling of additional market players (up to 5)
      • Market size of microdisplays industries for different geographies/countries
      • Company-product-technology-specifications mapping analysis
      • Top 25 company micro-quadrant analysis
      • Detailed analysis of impact from micro-LED display technology on global microdisplay market
      • Detailed analysis of major contracts/funding/other relevant activities in the market
      Report Code
      SE 1647
      Published ON
      Jan, 2019
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