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

[176 Pages Report] The microdisplay market is estimated 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. The small size, high resolution, and low power consumption of microdisplays allow their use in head-mounted displays (HMDs), head-up displays (HUDs), electronic viewfinders (EVFs), and several other devices.

Microdisplays Market

HMDs to propel microdisplay market 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 microdisplay 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 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.

Automotive and military, defense, and aerospace industries to exhibit higher growth in microdisplay market 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.

APAC to account for highest demand in microdisplay market 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 microdisplay 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.

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.

Key developments

  • In October 2018, Fraunhofer Institute FEP presented a VR headset produced during the LOMID project at Augmented World Expo EU conference held in Munich. The headset used 2 OLED/CMOS WUXGA microdisplays per eye to give a total resolution of 4800x1920 pixels with high frame rates and wide field of view (FOV) for excellent VR immersion.
  • In May 2018, Sony launched 0.5-inch OLED microdisplay called Sony ECX339A with UXGA resolution, featuring the world's smallest pixel pitch of 6.3 µm.
  • In May 2017, Kopin signed a partnership agreement with OLiGHTEK to meet the rising demand for OLED microdisplays in the VR and AR markets. According to this agreement, both the companies jointly purchased an advanced production OLED deposition line to be installed within OLiGHTEK’s facility to enhance OLiGHTEK’s existing fabrication capabilities.
  • In March 2017, Kopin acquired NVIS for USD 3.7 million. NVIS is a US-based company that designs and manufactures professional military and head-mounted virtual reality products, and simulated military equipment.

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 microdisplay market?
  • Which are the top use cases/applications/industries of microdisplays to invest in and what are untapped opportunities?

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
    1.4 Years Considered
    1.5 Currency
    1.6 Package Size
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 33)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Opportunities in Microdisplay Market
    4.2 Microdisplay Market, By Product
    4.3 Microdisplay Market, By Technology
    4.4 Microdisplay Market, By Industry
    4.5 Microdisplay Market, By Resolution
    4.6 Microdisplay Market, By Brightness
    4.7 Microdisplay Market in APAC, By Country and Product, 2024
    4.8 Microdisplay Market, By Country

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Compact Size and Technological Advancements of Microdisplays
                    5.2.1.2 Increased Adoption of HMDs in Several Industries
                    5.2.1.3 Escalated Demand for OLED Microdisplays
                    5.2.1.4 Adoption of ADAS and Surge in Demand for Head-Up Displays
           5.2.2 Restraints
                    5.2.2.1 Saturation of Markets for Digital Cameras and Projectors Eventually Slowing Down Microdisplay Market Growth
           5.2.3 Opportunities
                    5.2.3.1 Opportunities in Aerospace & Defense Industry
                    5.2.3.2 Potential Demand for Microdisplays From APAC Due to Presence of Key Vendors and Large Customer Base
                    5.2.3.3 Development of Next-Generation Microdisplay Technology—Micro-LED
           5.2.4 Challenges
                    5.2.4.1 Designing and Manufacturing Power-Efficient Microdisplays With High-Resolution and Brightness
                    5.2.4.2 Reducing Display Latency
                    5.2.4.3 Complex Manufacturing Process and High Cost of Microdisplays

6 Industry Trends (Page No. - 53)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Technology Comparison—LCD, LCOS, DLP, OLED, and Micro-LED
    6.4 Emerging Display Technologies
           6.4.1 Commercialization Potential and Impact of Micro-LED
    6.5 Emerging Trends
           6.5.1 Microdisplays for VR
                    6.5.1.1 Lomid Project
                    6.5.1.2 Kopin’s Microdisplay for VR HMDs
           6.5.2 Major Contracts

7 Microdisplay Market, By Product (Page No. - 61)
    7.1 Introduction
    7.2 Near-To-Eye (NTE) Devices
           7.2.1 Electronic Viewfinder (EVF)/Camera
           7.2.2 Head-Mounted Display (HMD)
                    7.2.2.1 Augmented Reality (AR) HMD
                               7.2.2.1.1 Majority of the Demand for Microdisplays to Emerge for AR HMDs During the Forecast Period
                    7.2.2.2 Virtual Reality (VR) HMD
                               7.2.2.2.1 Microdisplay Market in VR HMDs to Surge 2019 Onwards
    7.3 Head-Up Display (HUD)
           7.3.1 APAC to Hold Largest Size of Microdisplay Market for HUD
    7.4 Projector
           7.4.1 DLP- and LCD-Based Microdisplays to Dominate Projector Segment
           7.4.2 Pico Projector
           7.4.3 Data Projector
    7.5 Others
           7.5.1 Monocular and Binocular Systems, Rifle Scopes, Thermal Imaging Glasses, and Medical Equipment are Major Other Products for Microdisplays

8 Microdisplay Market, By Technology (Page No. - 78)
    8.1 Introduction
    8.2 Liquid Crystal Display (LCD)
           8.2.1 Camera/EVF and Projector to Account for Significantly Large Share of LCD Microdisplay Market
    8.3 Liquid Crystal on Silicon (LCOS)
           8.3.1 HUD and HMD to Capture Considerably Larger Share of LCOS Microdisplay Market
    8.4 Organic Light-Emitting Diode (OLED)
           8.4.1 HMD to Account for Largest Share of OLED Microdisplay Market
    8.5 Digital Light Processing (DLP)
           8.5.1 Projector and HUD to Account for Larger Share of DLP Microdisplay Market

9 Microdisplay Market, By Resolution & Brightness (Page No. - 90)
    9.1 Market, By Resolution
           9.1.1 Introduction
           9.1.2 Lower Than HD
           9.1.3 HD
           9.1.4 FHD
           9.1.5 Higher Than FHD
    9.2 Market, By Brightness
           9.2.1 Introduction
           9.2.2 Less Than 500 Nits
           9.2.3 500–1,000 Nits
           9.2.4 More Than 1,000 Nits

10 Microdisplay Market, By Industry (Page No. - 98)
     10.1 Introduction
     10.2 Consumer
             10.2.1 Camera/EVF to Account for Largest Share of Microdisplay Market for Consumer Segment
     10.3 Industrial and Enterprise
             10.3.1 HMD to Lead Microdisplay Market in Industrial and Enterprise Industry
     10.4 Automotive
             10.4.1 HUD to Account for Larger Size of Microdisplay Market for Automotive Industry
     10.5 Military, Defense, and Aerospace
             10.5.1 HMD to Emerge as Leading Products in Market for Military, Defense, and Aerospace Industry
     10.6 Sports and Entertainment
             10.6.1 HMD to Exhibit Highest Growth in Microdisplay Market for Sports and Entertainment Industry
     10.7 Retail and Hospitality
             10.7.1 HMD to Lead Microdisplay Market in Retail and Hospitality Industry
     10.8 Medical
             10.8.1 HMD to Lead Microdisplay Market in Medical Industry
     10.9 Education
             10.9.1 HMD and Projector to Lead Microdisplay Market in Education Industry
     10.1 Others
             10.10.1 HMD to Lead Microdisplay Market in Other Industry

11 Geographic Analysis (Page No. - 112)
     11.1 Introduction
     11.2 APAC
             11.2.1 Japan
                        11.2.1.1 Japan Accounts for the Highest Demand in Global Microdisplay Market
             11.2.2 China
                        11.2.2.1 China to Witness Rapid Growth in Global Microdisplay Market
             11.2.3 South Korea
                        11.2.3.1 South Korea to Witness Growth Mainly for HMDs in Microdisplay Market
             11.2.4 Rest of APAC
                        11.2.4.1 Growth in Microdisplay Market in Rest of APAC is Expected Mainly From Cameras/EVFs, Projectors, and HMDs
     11.3 North America
             11.3.1 US
                        11.3.1.1 US to Witness High Growth in Microdisplay Market Mainly From HMD and HUD Segments
             11.3.2 Canada and Mexico
                        11.3.2.1 Consumer, Automotive, Retail, Medical, and Industrial Sectors to Be the Major Users of Microdisplay-Based Devices in Canada and Mexico
     11.4 Europe
             11.4.1 Germany
                        11.4.1.1 Germany Accounted for Largest Share in European Microdisplay Market
             11.4.2 France
                        11.4.2.1 Increasing Use of HMD Devices in France is Expected to Create A Significant Demand for Microdisplays in the Near Future
             11.4.3 UK
                        11.4.3.1 Aerospace Industry in the UK is One of the Early Adopters of HUDs and HMDs
             11.4.4 Rest of Europe
                        11.4.4.1 Military, Defense, and Aerospace is the Major Industry in the Microdisplay Market in Rest of Europe
     11.5 Rest of the World (RoW)
             11.5.1 Middle East and Africa
                        11.5.1.1 Israel, the UAE, and Saudi Arabia to Drive the Market in Middle East and Africa
             11.5.2 South America
                        11.5.2.1 Microdisplay Demand in South America to Emerge for Consumer Products

12 Competitive Landscape (Page No. - 133)
     12.1 Introduction
     12.2 Key Player Market Ranking, 2018
     12.3 Competitive Situation and Trends
             12.3.1 Product Launches and Developments
             12.3.2 Agreements, Partnerships, Contracts, Joint Ventures, and Collaborations
             12.3.3 Expansions and Investments
             12.3.4 Mergers and Acquisitions

13 Company Profiles (Page No. - 139)
     13.1 Introduction
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
     13.2 Key Players
             13.2.1 Sony
             13.2.2 Seiko Epson
             13.2.3 Emagin Corporation
             13.2.4 Kopin Corporation
             13.2.5 Olightek Opto-Electronic Technology
             13.2.6 Himax Technologies
             13.2.7 Holoeye Photonics
             13.2.8 Wisechip Semiconductor
             13.2.9 Raystar Optronics
             13.2.10 Winstar Display
     13.3 Key Innovators
             13.3.1 Fraunhofer Fep
             13.3.2 Industrial Technology Research Institute (ITRI) Taiwan
             13.3.3 Cea-Leti
             13.3.4 JBD Inc.
             13.3.5 Vuereal
             13.3.6 Jasper Display Corp.
             13.3.7 Texas Instruments
     13.4 Other Key Players
             13.4.1 Syndiant
             13.4.2 Microoled
             13.4.3 Raontech
             13.4.4 Liteye Systems
             13.4.5 Silicon Micro Display (SMD)
             13.4.6 Citizen Finedevice
             13.4.7 Omnivision Technologies
             13.4.8 Microvision
             13.4.9 SPI Corp.
             13.4.10 Cinoptics
             13.4.11 Anpo Intelligence Technology (ENMESI)

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 171)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customization
     14.4 Related Reports
     14.5 Author Details


List of Tables (63 Tables)

Table 1 Microdisplay Technology Comparison
Table 2 Microdisplay Market, By Type, 2015–2024 (USD Million)
Table 3 Micro-LED Based Microdisplay Market, By Product, 2017–2025 (USD Million)
Table 4 Micro-LED Based Microdisplay Market, By Region, 2017–2025 (USD Million)
Table 5 Lomid Project
Table 6 Microdisplay Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market 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 Market for LCD Microdisplay, By Product, 2015–2024 (USD Million)
Table 31 Market for LCD Microdisplay, By Region, 2015–2024 (USD Million)
Table 32 Market for LCOS Microdisplay, By Product, 2015–2024 (USD Million)
Table 33 Market for LCOS Microdisplay, By Region, 2015–2024 (USD Million)
Table 34 Market for OLED Microdisplay, By Product, 2015–2024 (USD Million)
Table 35 Market for OLED Microdisplay, By Region, 2015–2024 (USD Million)
Table 36 Market for DLP Microdisplay, By Product, 2015–2024 (USD Million)
Table 37 Market for DLP Microdisplay, By Region, 2015–2024 (USD Million)
Table 38 Market for Microdisplay Resolution Details, By Category
Table 39 Microdisplay Market, 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 Market 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 Market 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 Market 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 Market, 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)


List of Figures (74 Figures)

Figure 1 Microdisplay Market Segmentation
Figure 2 Microdisplay Market: Process Flow of Market Size Estimation
Figure 3 Microdisplay 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 Microdisplay 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 Microdisplay Market Growth
Figure 13 HMD and HUD Products to Account for Significantly Larger Size of Microdisplay Market During Forecast Period
Figure 14 HMD and HUD to Rapidly Gain Share in Microdisplay 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 Microdisplay 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 Microdisplay Market in APAC, Based on Country and Product, Respectively, By 2024
Figure 20 US and China to Witness Higher CAGR Than Other Countries in Microdisplay Market During Forecast Period
Figure 21 Microdisplay 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 Microdisplay 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 Microdisplay Market, By Device Type, 2017–2025 (USD Million)
Figure 29 Microdisplay 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 Microdisplay Market Segmentation, By Product
Figure 33 HMD and HUD to Lead Microdisplay Market, in Terms of Demand, By 2024
Figure 34 HMD to Dominate Microdisplay Market, in Terms of Value, During Forecast Period
Figure 35 APAC to Hold Largest Size of Microdisplay Market for HUD During Forecast Period
Figure 36 Microdisplay 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 Microdisplay Market During Forecast Period
Figure 39 HUD and HMD to Capture Considerably Larger Share of LCOS Microdisplay 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 Microdisplay Market During Forecast Period
Figure 42 APAC to Lead OLED Microdisplay 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 Microdisplay Market, By Resolution
Figure 45 Microdisplays With FHD and Higher Resolution to Exhibit Higher CAGR During Forecast Period
Figure 46 Microdisplay Market, By Brightness
Figure 47 Microdisplays With Higher Brightness to Witness Higher CAGR During Forecast Period
Figure 48 Microdisplay Market Segmentation, By Industry
Figure 49 Military, Defense, and Aerospace Segment to Exhibit Highest CAGR in Microdisplay Market During Forecast Period
Figure 50 Camera/EVF to Account for Largest Share of Microdisplay 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 Microdisplay 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 Microdisplay Market for Sports and Entertainment Industry During Forecast Period
Figure 55 Microdisplay 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 Microdisplay Market During Forecast Period
Figure 58 APAC to Continue to Account for Largest Size of Microdisplay Market During Forecast Period
Figure 59 APAC: Microdisplay Market Snapshot
Figure 60 HUD and HMD to Account for Major Share of Microdisplay Market in APAC By 2024
Figure 61 Japan to Hold Largest Size of Microdisplay Market in APAC During Forecast Period
Figure 62 North America: Microdisplay Market Snapshot
Figure 63 HMD to Capture Largest Share of Microdisplay Market in North America During Forecast Period
Figure 64 OLED Technology to Command Microdisplay 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 Microdisplay Market in Europe During Forecast Period
Figure 67 Germany to Command Microdisplay Market in Europe During Forecast Period
Figure 68 Key Developments in Microdisplay Market (2015–2018)
Figure 69 Ranking of Key Players in Microdisplay 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

Scope of Report

Report Metric

Details

Market Size Available for Years

2015–2024

Base Year Considered

2017

Forecast Period

2018–2024 

Forecast Units

Value (USD Million)

Segments Covered

Product, Technology, Brightness, Resolution, Industry, and Geography/Country

Regions Covered

APAC, North America, 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)

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

      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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