Microdisplay Market Size, Share & Trends
Microdisplay Market by Near-to-eye Devices, Head-up Displays, Projectors, Liquid Crystal on Silicon (LCOS), Organic Light Emitting Diode (OLED), Digital Light Processing (DPL), Micro-LED, Medical, Automotive and Education - Global Forecast to 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The microdisplay market is growing rapidly, driven by rising demand from augmented reality (AR), virtual reality (VR), consumer electronics, and defense & aerospace applications. The market growth is also supported by advancements in OLED and micro-LED technologies. Enterprises and tech companies are investing heavily to enhance display performance and adoption across industries.
KEY TAKEAWAYS
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BY PRODUCTThe microdisplay product segment comprises near-to-eye devices, head-up displays (HUDs), projectors, and others (monocular and binocular systems, rifle scopes, thermal imaging glasses, medical equipment), catering to applications in AR/VR devices, wearable electronics, cameras, projectors, and medical equipment. The near-to-eye display segment is projected to register the highest CAGR during the forecast period.
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BY RESOLUTIONThe microdisplay market is segmented based on resolution into less than HD, HD, Full HD, and higher than FHD. The market for the less than HD resolution segment accounts for the largest market share.
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BY SIZEBy size, the microdisplay market is segmented into less than 0.5 inch, 0.5–1.0 inch, and 1.0–2.0 inch. The less than 0.5-inch category is expected to register the highest CAGR during the forecast period due to its growing adoption in compact wearable devices and AR/VR headsets.
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BY VERTICALThe microdisplay market serves a wide range of verticals, including consumer, military, aerospace & defense, medical , and industrial & retail. Among these, the consumer electronics vertical holds the largest market share, driven by the growing adoption of AR/VR headsets, smart glasses, wearable devices, and gaming applications.
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BY TECHNOLOGYThe microdisplay market encompasses several key technologies, including OLED, LCD, LCoS, and micro-LED. Among these, micro-LED technology is expected to register the highest CAGR during the forecast period, driven by its superior brightness, energy efficiency, and longer lifespan, which make it highly suitable for AR/VR devices, wearable electronics, and advanced professional applications.
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BY REGIONAsia Pacific is expected to register the highest CAGR in the microdisplay market due to its strong manufacturing presence, rising AR/VR adoption, and growing demand from consumer electronics and defense sector.
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COMPETITIVE LANDSCAPEThe major market players have adopted both organic and inorganic growth strategies, including partnerships, product launches, and collaborations. The leading market players, namely, Sony Group Corporation, Seiko Epson Corporation, and Kopin Corporation, lead the market with broad product portfolios. On the other hand, niche companies such as Mojo Vision and JBD bring innovation in high-reliability designs.
The microdisplay industry is expected to expand steadily over the coming decade, driven by advancements in display technologies and increasing demand across multiple sectors. Microdisplays, including OLED and Micro-LED variants, are being adopted in consumer electronics, augmented reality (AR), virtual reality (VR), and aerospace applications due to their high resolution, compact size, and energy efficiency. The growing use of near-eye displays in defense and medical imaging is further fueling market growth. Continuous technological innovations and rising investments from governments, enterprises, and tech companies are enhancing performance, versatility, and adoption, positioning microdisplays for sustained growth worldwide.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The microdisplay market is witnessing a clear shift toward next-generation display technologies, with organic light emitting diode (OLED) and micro-LED gaining prominence. This transition is driven by the demand for higher resolution, improved color accuracy, energy efficiency, and enhanced performance in emerging applications such as Augmented Reality (AR), Virtual Reality (VR), near-eye displays, and head-mounted displays. Key players, including Sony Group Corporation (Japan), Meta (US), and SAMSUNG DISPLAY (South Korea), are actively adopting these advanced technologies to capture new growth opportunities and deliver superior user experiences.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
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Growing demand in wearable devices
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Technological advancements in microdisplays
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Saturation of markets for digital cameras and projectors
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High capital investment and manufacturing costs
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Advancements in micro-LED technology
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Rising demand for medical displays
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Stringent regulations in medical and automotive applications
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Reduction of display latency
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Growing demand in wearable devices
The increasing popularity of wearable electronics, AR/VR headsets, and smart glasses is driving the demand for compact, high-resolution microdisplays. Consumers and enterprises are seeking immersive visual experiences, boosting adoption across multiple sectors.
Restraint: Saturation of markets for digital cameras and projectors
Mature markets for digital cameras and projectors limit the growth potential of microdisplay adoption in these segments. Slower innovation cycles and declining replacement demand in these traditional applications act as a market restraint.
Opportunity: Advancements in micro-LED technology
Innovations in micro-LED displays offer higher brightness, better energy efficiency, and longer lifespan, opening new avenues for adoption in AR/VR, defense, and professional imaging. This technology can expand applications and enhance market growth prospects.
Challenge: Stringent regulations in medical and automotive applications
Compliance with strict safety and quality standards in medical imaging and automotive sectors increases development costs and delays product deployment. Regulatory hurdles can slow market entry and limit large-scale adoption in these high-growth verticals.
Microdisplay Marke: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
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Flexible microdisplay technology, developed by researchers at the University of California, San Diego (US), and Massachusetts General Hospital (US), demonstrates a transformative application in neurosurgery. The innovation integrates a platinum nanorod electrode grid (PtNRGrid) with Gallium Nitride (GaN) micro-LEDs on a thin, flexible film. Each micro-LED mirrors neuronal activity in real time, translating complex brain signals into intuitive, color-coded visual feedback directly within the surgical field. This enables neurosurgeons to monitor seizure onset, functional brain boundaries, and tissue differentiation without relying on external mapping teams or traditional tissue diagrams. | The technology offers multiple benefits, including enhanced surgical precision by reducing the safety buffer zone from several millimeters to less than one millimeter, improved visualization through intuitive color-coded signals, and faster operative workflows by eliminating delays from manual mapping methods. These advancements not only shorten surgery times but also lower the risk of neurological damage, thereby improving patient outcomes. Furthermore, the flexible and scalable design makes it adaptable for various neurosurgical interventions, including epilepsy treatments and tumor resections. |
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Sony Group Corporation (Japan) enhanced the development of augmented reality (AR) glasses by introducing its LMX-001 microdisplay module, addressing critical challenges of bulkiness, limited transparency, and poor adaptability. The module integrates a microdisplay, driver chip, optical engine, collimator, and an ultra-thin holographic waveguide that maintains over 85% see-through transmittance while delivering up to 2,000 nits of brightness. This advancement enables AR glasses to remain lightweight, slim, and comfortable, making them well-suited for industrial environments such as logistics, remote assistance, and production monitoring, where workers require high-clarity displays without compromising visibility. | The use of Sony’s microdisplay technology in AR glasses delivers multiple benefits, including improved comfort and usability through slim and lightweight designs, superior visual clarity with high brightness and transparency, and reduced visual obstruction for safer and more efficient operations. By offering development kits and production-ready modules, Sony also empowers enterprises to design customized solutions tailored to specific industrial workflows, thereby accelerating the adoption of AR technology across diverse applications and enhancing operational productivity.. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The microdisplay market ecosystem consists of manufacturers and suppliers working together to support diverse end-use applications. Leading manufacturers microdisplay companies such as Sony Group Corporation (Japan), Seiko Epson Corporation (Japan), eMagin Corporation (US), Kopin Corporation (US), and Himax Technologies (Taiwan) drive innovation in OLED, LCD, LCoS, and micro-LED technologies. On the supply side, companies like Framos (Germany), Avnet (US), Arrow Electronics (US), and WPG Holdings (Taiwan) ensure distribution, component integration, and availability across global markets. This interconnected ecosystem enables efficient production, distribution, and adoption of microdisplays across consumer, defense, automotive, and medical applications.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Microdisplay Market, By Product
The microdisplay market is segmented based on product into near-to-eye (NTE) devices, head-up displays (HUDs), projectors, and others. Among these, NTE devices hold the largest market share, driven by their widespread adoption in AR/VR headsets, smart glasses, and wearable electronics. Their compact size, high resolution, and energy efficiency make them ideal for immersive visual experiences in consumer electronics, medical imaging, and defense applications. Increasing consumer demand for portable and advanced display solutions further reinforces the dominance of NTE devices in the market.
Microdisplay Market, By Resolution
The microdisplay market is segmented by resolution into less than HD (High Definition), HD, Full HD (FHD), and higher than FHD. Among these, less than HD displays hold the largest market share, primarily due to their compact size, lower power consumption, and cost-effectiveness, which make them ideal for wearable devices, AR/VR headsets, and portable consumer electronics. While higher-resolution displays are gaining traction in professional and medical applications, less than HD microdisplays continue to dominate the market because of their suitability for mass-market consumer applications. This trend is expected to persist during the forecast period, supporting sustained growth in the segment.
Microdisplay Market, By Size
By size, the microdisplay market is segmented into less than 0.5 inch, 0.5–1.0 inch, and 1.0–2.0 inch. The 0.5-1.0 inch segment accounted for the largest market share in 2024 due to its optimal balance between compact form factor and high visual performance, making it well-suited for a wide range of applications. This size is particularly compatible with AR/VR headsets, smart glasses, and automotive head-up displays (HUDs), providing high-resolution visuals while keeping devices lightweight and comfortable for extended use.
Microdisplay Market, By Vertical
Based on vertical, the microdisplay market is segmented into consumer electronics, automotive, medical, education, industrial & enterprise, retail & hospitality, military, defense & aerospace, sports & entertainment, and other sectors. Among these, the military, defense & aerospace vertical is expected to register the highest CAGR during the forecast period due to the growing demand for advanced head-mounted displays, night vision systems, and targeting solutions that enhance situational awareness and operational efficiency. Rising defense budgets, technological modernization, and adoption of AR for training and operations are driving rapid investments, making this sector a key growth driver in the microdisplay market.
Microdisplay Market, By Technology
The microdisplay market, by technology, is segmented into Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Liquid Crystal on Silicon (LCoS), Micro-LED, and Digital Light Processing (DLP). Among these, Organic Light Emitting Diode (OLED) hold the largest market share in 2024 due to its superior display performance, including high brightness, wide color gamut, and fast response times, which are critical for near-eye applications like AR/VR headsets and smart glasses. OLED microdisplays also offer compact form factors and energy efficiency, enabling lightweight, battery-friendly devices. Additionally, well-established manufacturing processes and strong adoption by leading consumer electronics and industrial OEMs have further reinforced OLED’s dominance in the microdisplay market.
REGION
Asia Pacific to be fastest-growing region in global microdisplay market during forecast period
In the microdisplay market, Asia Pacific is expected to hold the largest market share and register the highest CAGR during the forecast period. This growth is driven by the presence of major microdisplay manufacturers, rapid adoption of AR/VR devices, and increasing investments in wearable electronics and defense applications. Rising consumer demand for immersive visual experiences and supportive government initiatives in technology development further strengthen the market. Additionally, expanding industrial and medical applications across countries such as China, Japan, and South Korea contribute to sustained regional growth.
Microdisplay Marke: COMPANY EVALUATION MATRIX
In the microdisplay market matrix, Sony Group Corporation (Japan) (Star) stands out as the leader with a strong global presence and a diverse product portfolio, particularly in OLED microdisplays used across consumer, defense, and professional imaging applications. The company’s long-standing expertise in display technologies and continuous innovation positions it at the forefront of driving adoption in AR/VR headsets, smart glasses, and medical imaging devices. BOE Technology Group Co., Ltd. (China), an Emerging Leader, is rapidly gaining traction with its advancements in Micro-LED and other next-generation display solutions, catering to growing demand in consumer electronics and wearable devices. While Sony benefits from scale, brand strength, and legacy innovations, BOE demonstrates strong growth potential to move into the leaders’ quadrant by focusing on emerging technologies and expanding its global footprint.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 1.77 BN |
| Market Forecast in 2030 (Value) | USD 5.33 BN |
| Growth Rate | CAGR of 26.4% from 2025-2030 |
| Years Considered | 2021-2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Million), Volume (Million Units) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
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| Regional Scope | North America, Asia Pacific, Europe, RoW |
WHAT IS IN IT FOR YOU: Microdisplay Marke REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
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| Consumer Electronics OEM (AR/VR Devices) |
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| Defense & Aerospace Contractor |
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| Medical Device Manufacturer |
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| Automotive OEM (HUD & AR Displays) |
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| Asian Display Manufacturer (Expanding into Microdisplays) |
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RECENT DEVELOPMENTS
- January 2025 : Kopin Corporation (US) collaborated with MICLEDI Microdisplays (Belgium) to develop advanced micro-LED displays for next-generation vision solutions, combining Kopin’s expertise in optics with MICLEDI’s micro-LED technology to deliver compact, high-performance displays for defense and AR/VR applications.
- March 2025 : Himax Technologies, Inc. (Taiwan) launched the Dual-Edge Front-lit LCoS (Liquid Crystal on Silicon) microdisplay at SID Display Week 2025, offering ultra-compact size (≈0.09 cc, 0.2 grams), high brightness (up to 350,000 nits), 720×720 resolution, and low power consumption (≈250 mW) optimized for AR glasses and head-mounted display applications.
- November 2024 : HOLOEYE Photonics AG, in collaboration with Fraunhofer IPMS, developed a compact LCOS microdisplay with a fast CMOS backplane enabling high-speed light modulation. The innovation targets applications in AR wearables, optogenetics, quantum optics, and advanced imaging, with commercialization expected by 2026.
- September 2024 : Sony Semiconductor Solutions Corporation (Japan) launched the ECX350F, a 0.44-inch Full HD OLED microdisplay featuring industry-smallest 5.1 µm pixels (≈5,000 ppi) and peak brightness of 10,000 cd/m², aimed at enabling thinner, lighter augmented reality (AR) glasses.
- January 2024 : HOLOEYE acquired assets from Jasper Display Corp's (JDC) LCOS technology portfolio. JDC was renowned for its LCOS Spatial Light Modulators (SLM), LCOS microdisplays, and digital modulation controller ICs. The acquisition of JDC's backplane technologies and hardware inventory allows HOLOEYE to broaden its product offerings on the LETO and GAEA SLM platforms.
Table of Contents
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Methodology
The study involved major activities in estimating the current size of the microdisplay market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the supply chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Secondary and primary sources have been used to identify and collect information for an extensive technical and commercial study of the microdisplay market.
Secondary Research
Secondary research for this study involved gathering information from various credible sources such as company reports, white papers, journals, and industry publications. This process helped in understanding the supply and value chains, identifying key players, analyzing market segmentation and regional trends, and tracking major market and technology developments. The data collected was used to estimate the overall market size, which was later validated through primary research.
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the microdisplay market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions: North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephone interviews.
Notes: RoW mainly comprises the Middle East, Africa, and South America.
Other designations include product managers, sales managers, and marketing managers.
Three tiers of companies have been defined based on their total revenue as of 2024; tier 3: revenue less than USD 500 million; tier 2: revenue between USD 500 million and 1 billion; and tier 1: revenue more than USD 1 billion.
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 data triangulation methods, have been used to estimate and validate the size of the microdisplay market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:
Approach to arrive at market size using bottom-up analysis (demand side):
- Extracted shipment data for each product category within the microdisplay market, which included near-to-eye devices, head-up devices, projectors, and other applications. This step allowed us to establish a clear understanding of the volume contribution of each segment.
- The average selling price (ASP) corresponding to each product category was identified. This ensured that price variations across different products and technologies were adequately reflected in our calculations.
- The ASPs were then multiplied by shipment volumes for each product category to derive the market size at the product level.
- Once the product-level market sizes were determined, they were aggregated across all categories to arrive at the overall global market size for microdisplays.
- To cross-verify the market sizing, the revenues of the key players in the microdisplay ecosystem were identified.
- The segmental revenue of each key player was then analyzed by understanding their contributions specific to microdisplay technologies and products within the scope of the study.
- Finally, the segmental revenues of these players were summed, which provided a secondary estimate of the global market size. The figure obtained through both processes was then finalized and re-verified through secondary sources and primary respondents.
- The figures are verified and cross-checked at every level through discussions with key opinion leaders, such as CXOs, directors, and operations managers, and finally with domain experts in MarketsandMarkets.
Approach to arrive at market size using top-down analysis (supply side)
- The overall market size for each major product category in the microdisplay market was identified through shipments.
- From this product-level data, the figures were further divided into verticals, capturing the demand contribution across key industries such as consumer, automotive, industrial & enterprise, military, defense & aerospace, retail & hospitality, medical, sports & entertainment education, and other verticals.
- The product-level market size was then further divided into technology categories, such as OLED, LCOS, LCD, DLP, and micro-LED, to capture adoption trends and pricing variations by technology type.
- The product-level data was further broken down by geographic regions, reflecting adoption trends, presence of key players, and demand patterns across North America, Europe, Asia Pacific, and RoW.
- By applying this top-down methodology, this research indicates a comprehensive view of the global microdisplay market, linking each product segment with its respective vertical, technology, and regional distribution.
Microdisplay Market: Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size using the market size estimation processes as explained above, the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the microdisplay market.
Market Definition
The microdisplay market comprises ultra-small display panels, which are less than two inches in diagonal size, that deliver high resolution, low power consumption, and superior image quality for compact and precision-based applications. Built on technologies such as liquid crystal display (LCD), liquid crystal on silicon (LCoS), organic light-emitting diode (OLED), digital light processing (DLP), and micro-LED, these displays are integral to augmented and virtual reality (AR/VR) headsets, head-up displays (HUDs), electronic viewfinders, projectors, smart glasses, medical imaging systems, military night vision, and industrial wearables. The market is expanding due to rising adoption of immersive technologies, increased demand for lightweight and high-performance displays in consumer, automotive, healthcare, and defense sectors, and continuous innovations in brightness, pixel density, and AI-enabled imaging, positioning microdisplays as a key enabler of next-generation visual interfaces.
Key Stakeholders
- Brand Product Manufacturers/Original Equipment Manufacturers (OEMs)/Original Device Manufacturers (ODMs)
- Microdisplay Product Manufacturers
- Microdisplay Panel Manufacturers
- Semiconductor Component Suppliers/Foundries
- Microdisplay Material and Component Suppliers
- Manufacturing Equipment Suppliers
- System Integrators
- Technology/IP Developers
- Consulting and Market Research Service Providers
- Microdisplay and Material-related Associations, Organizations, Forums, and Alliances
- Venture Capitalists and Startups
- Research and Educational Institutes
- Distributors and Resellers
- End Users
Report Objectives
- To define, describe, and forecast the size of the microdisplay market by technology, resolution, size, product, and vertical in terms of value
- To forecast the size of the microdisplay market, by product, in terms of value and volume
- To forecast the size of various segments of the market with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
- To analyze the emerging applications/use cases in the microdisplay market
- To identify key microdisplay manufacturers and analyze their product offerings in the market
- To strategically analyze trends/disruptions impacting customer business, pricing analysis, technology analysis, key stakeholders & buying criteria, case study analysis, trade analysis, patent analysis, Porter’s five forces, key conferences & events, AI impact, impact of 2025 US tariff, and regulations related to the microdisplay market
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape
- To analyze competitive developments, such as collaborations, agreements, contracts, partnerships, mergers & acquisitions, and product launches & developments in the market
- To strategically profile key players and comprehensively analyze their market share and core competencies2
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Johnny
May, 2020
I want more details on the end-use application section of Microdisplay Market..
Bill
May, 2020
I am specifically interested in OLED technology market by product and region, is this covered in the report?.
Neil
May, 2020
Looking for information relating specifically to near to eye device like Electronic viewfinder (EVF)/Camera and HMD. Overall market value and major players into this business..
Michel
May, 2020
Our company is interested in know more about microdisplay applications in industrial application, can you provide a dedicated study on this application..