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 Nov, 2019, by marketsandmarkets.com
Updated date -

 Microdisplay market to grow from USD 972 million in 2018 to USD 3,583 million by 2024, at a Compound Annual Growth Rate (CAGR) of 24.3% during the forecast period. The major factors that are expected to be driving the microdisplay market are compact size and technological advancements of microdisplay, increased adoption of HMDs in several industries, and escalated demand for OLED microdisplays. The objective of the report is to define, describe, and forecast the microdisplay market size based on product (HMD, HUD, EVF, and projectors), technology (OLED, LCoS, LCD, and DLP), resolution and brightness, industry, and region.

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.

“By Industry, 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.

“Microdisplays with FHD and higher resolution are 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.

Microdisplays Market

“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.

Key Market Dynamics in Microdisplay Market

Driver: Adoption of ADAS and surge in demand for head-up displays

Automotive vehicles are evolving with added safety features. These safety features are likely to be deployed significantly at a high rate in the coming years. The main objective behind the implementation of these features in the vehicle is to provide a safer, efficient, and convenient driving experience. Due to this, the demand for the advanced driver-assistance system (ADAS) is increasing at a rapid pace, especially in European countries, as well as in the US, Japan, and China. The use of HUDs in vehicles has increased gradually as the device reduces dangerous distractions by displaying valuable information such as a car’s speed, navigation directions, and warning signals, directly in the driver’s line of sight. The HUD display is a transparent display projected on the windshield or on a transparent screen attached on the dashboard so that the driver doesn't have to look down on the dashboard every time.

Microdisplays Market

Restraint: 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.

Opportunity: Development of next-generation microdisplay technology— Micro-LED

The micro-LED market is witnessing technological advancements in the display industry. Many leading industry players are working on optimizing existing display technologies that include LED-LCD, OLED, and quantum dot LED, among many others; however, the development of micro-LED displays can disrupt the entire display ecosystem. Micro-LED displays find their application in near-eye AR/VR devices and automotive HUD devices, which require compact size displays, fast response time, and low power consumption. Micro-LED technology, when mature, is expected to penetrate different display applications and offer various opportunities for the growth of the global display panel market.

Challenge: Reducing display latency

Latency can be defined as any delay that increases the real or perceived response time compared to the required response time. Certain factors such as imbalance in data processing speed between the microprocessor and input or output devices can cause latency in HMDs. Among all the factors, displays contribute for more than 50% of the total delay in VR and AR devices.

There will be a deviation of location from the exact position if there is an issue in the measurement of the viewpoint. Thus, the VR system requires a minimal latency to maintain the virtual entity at a stable position. The virtual object should not delay over 15 milliseconds while adapting to a new situation as it causes variation in the position of objects. Thus, minimizing the latency is one of the major challenges faced by companies.

Microdisplays 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 Corporation(Japan), Seiko Epson Corporation(Japan), eMAGIN Corporation(US), Kopin Corporation(US), Yunnan OLiGHTEK Opto-Electronic Technology(China), Himax Technologies(Taiwan), HOLOEYE Photonics AG (Germany), WiseChip Semiconductor(Taiwan), Raystar Optronics.(Taiwan), WINSTAR Display(Taiwan), Fraunhofer FEP(Germany), Industrial Technology Research Institute(ITRI)(Taiwan), CEA-Leti(France), JBD Inc(China), VueReal(Canada), Jasper Display Corp (Taiwan), Texas Instruments(US), Syndiant(US), MICROOLED(France), RAONTECH (South Korea), Liteye Systems(US), Silicon Micro Display (US), CITIZEN FINEDEVICE(Japan), OmniVision Technologies (US), MicroVision (US), SPI Corp.(US), Shenzhen Anpo Intelligence Technology(China), and Cinoptics(Nederland).

The research report categorizes the microdisplay to forecast the revenues and analyze the trends in each of the following sub-segments:

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 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?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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 Microdisplay 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 Microdisplay Market for NTE Devices, By Industry ,2015–2024 (USD Million)
Table 12 Microdisplay 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 Microdisplay 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 Microdisplay 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 Microdisplay 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 Microdisplay 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 Microdisplay 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 Microdisplay 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
Nov, 2019
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