Microdisplay Market

Microdisplay Market with COVID-19 Impact Analysis by Product (HMD, HUD, EVF, Projector), Technology (OLED, LCoS, LCD, DLP), Resolution, Brightness, Industry (Consumer, Industrial/Enterprise, Aerospace, Automotive, Retail, Entertainment, Medical), and Region - Global Forecast to 2025

Report Code: SE 1647 Jul, 2020, by marketsandmarkets.com
COVID-19

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[246 Pages Report] The global microdisplay market size is projected to grow from USD 712 million in 2020 to USD 3,609 million by 2025; it is expected to grow at a CAGR of 38.4% from 2020 to 2025. Factors such as compact size and technological advancements in microdisplays, increased adoption of HMD in several industries, escalated demand for OLED microdisplays, and increased global adoption of advanced driver-assistance systems (ADAS) & HUD are driving the growth of the market during the forecast period.

Microdisplay Market

COVID-19 Impact on the Global MicrodisplayMarket

COVID-19, a deadly respiratory disease that originated in China, has now become a pandemic. The impact of COVID-19 on the microdisplay market and the consumer demand is unclear for the time being. Still, it is believed that device manufacturing will be reduced in the short-term as a majority of the microdisplay manufacturers are based in China. The supply of components may face some disruption owing to the COVID-19 outbreak as most of the research and development activities and new product launches related to microdisplays are expected to get postponed until the end of 2020.

As such, device manufacturers require to be prepared for supply chain disruptions taking place in China. The impact of supply chain disruption might be visible from the next quarter of 2020 as other countries, including the US, India, Germany, and the UK, are also impacted significantly by COVID-19. This is expected to have a potential negative impact on microdisplays in 2020. However, it is likely that the manufacturing sector will gradually return to normal within the next couple of months, ensuring a regular supply of devices with improvement in the situation.

MicrodisplayMarket Dynamics

Driver: Growing demand for OLED microdisplays

OLED technology enables the development of thin, efficient, and bright displays comprising thin films of organic light-emitting (OLED) materials that emit light when electricity is applied to them. Several industry experts believe OLEDs are set to replace existing technologies in the display ecosystem. As such, a significant number of companies have started investing increasingly in research and development activities related to OLED.

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

Restraint: Saturation of markets for digital cameras and projectors

Cameras are optical instruments used for capturing and recording images, which are stored in a digital system. EVFs are camera viewfinders that project images captured by the lenses on microdisplays to help cameras aim at the targets to be photographed or viewed. They are mostly used in digital still cameras and video cameras. The overall global digital camera and projector market is maturing, and its growth is naturally slowing down as the market has become nearly saturated. The demand for microdisplays used in digital cameras is decreasing owing to reduced demand for these cameras. Moreover, data projectors are also witnessing a decrease in their shipments. Thus, reduced demand for digital cameras and projectors acts as a restraint for the growth of the microdisplay market.

Opportunity:Increase in demand for medical displays owing to the outbreak of COVID-19

The outbreak of the COVID-19 pandemic has abruptly generated the requirement of a large number of healthcare facilities to treat an exponentially growing number of infected patients worldwide. Most of the economies of the world at present are focusing on expanding their healthcare facilities. For instance, China built an emergency hospital with over 1,000 beds, in just 10 days, to treat COVID-19 patients in Wuhan. Such projects are anticipated to increase the demand for embedded medical displays sharply.

The impact of this opportunity depends on the potential plans of hospitals for infrastructure expansions, either in the form of establishing new set-ups or retrofitting the existing ones. Moreover, several microdisplay players consider that the spread of COVID-19 is expected to increase the demand for their displays in the healthcare sector. For instance, WINSTAR started providing displays for use in medical equipment such as dialysis machines, temporal thermometers, medical sterilizers, and ventilators. Similarly, microdisplay manufacturers such as eMargin and Kopin have started focusing on the growing demand for medical displays owing to COVID-19.

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

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

LCDs were the most extensively used technologies in the global microdisplay market

LCD is one of the most common technologies used in microdisplays. The image on the LCD screen is created by sandwiching an electrically reactive substance between two sheets of polarized glass plates. LCDs are of two types: passive-matrix LCDs and active-matrix LCDs. Active-matrix LCDs use thin-film transistors (TFTs) to maintain the state of each pixel while improving response time. Passive-matrix LCDs rely on the display persistence to preserve the state of each display element (pixel). The use of passive-matrix LCDs is limited owing to their varying response time requirements. LCDs have been witnessing increased demand in the last five years. A few advantages of LCDs are that they can be operated at low voltage, consume less power, provide high resolution, and give high contrast in bright light. They offer significantly higher brightness than digital micromirror devices (DMDs).

APAC held the largest market for the microdisplay in 2019

APAC exhibits the highest demand for microdisplays, especially for use in products such as cameras/EVF, projectors, and HUD. The growth of the microdisplay market in APAC can be attributed to the rapid industrialization, as well as the presence of a large number of OEMs and consumers in the region. Consumer, industrial & enterprise, automotive, and military, defense & aerospace are the leading industries in APAC that contribute significantly to the growth of the microdisplay market. The presence of a substantial number of microdisplay manufacturers in APAC has also led to a decrease in the prices of microdisplays and the increase in the penetration of microdisplay-based devices in the region. Moreover, a major portion of the demand for microdisplays in APAC is from China, Japan, and South Korea.

Microdisplay Market by Region

The microdisplay market is dominated by a few globally established players such as Sony Corporation (Sony Semiconductor Solutions Corporation) (Sony) (Japan); Seiko Epson Corporation (Seiko Epson) (Japan); eMagin Corporation (eMagin Corporation) (US); Kopin Corporation (Kopin Corporation) (US); Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (OLiGHTEK) (China).

Scope of the report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD Million) and Volume (Million Units)

Segments covered

By Product, By Industry, By Technology, By Resolution, By Brightness

Geographies covered

Asia Pacific, Europe, the Americas (North America, South America), and Rest of World

Companies covered

The major market players include Sony Corporation (Sony Semiconductor Solutions Corporation) (Sony) (Japan), Seiko Epson Corporation (Seiko Epson) (Japan), eMagin Corporation (eMagin Corporation) (US), Kopin Corporation (Kopin Corporation) (US), and Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (OLiGHTEK) (China).

The study categorizes the microdisplay market based on product, technology, resolution, brightness, industry at the regional and global levels.

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)

By Technology:

  • Introduction
  • LCD
  • LCoS
  • OLED
  • DLP

By Resolution:

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

By Brightness:

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

By Industry:

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

By Region

  • Americas
  • Europe
  • Asia Pacific
  • Rest of World

Recent Developments

  • In March 2020, Sony made its ECX335S microdisplays available in the market through its global partner for vision technologies, namely, Framos.
  • In January 2020, Kopin Corporation launched its first monochrome double-stack OLED, which emits more than 20,000 nits and has a 1.3-inch 2.6K OLED display with 2560x2560 resolution. The company also launched old samples of full-color 2.6K OLED 1.3-inch diagonal displays using double stacks. The monochrome display was co-developed with Panasonic Corporation and Lakeside Optoelectronic Technology Co., Ltd.
  • In October 2019, WINSTAR launched a hyperfluorescence OLED display—a 2.7-inch monochrome yellow 128x64 PMOLED that has a brightness of ~220 nits.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 MICRODISPLAY MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 PACKAGE SIZE
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 2 MICRODISPLAY MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
        FIGURE 3 MICRODISPLAY MARKET: RESEARCH DESIGN
           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 achieving market size using bottom-up analysis (demand side)
                            FIGURE 4 BOTTOM-UP APPROACH TO ARRIVE AT MARKET SIZE
                            FIGURE 5 APPROACH TO ARRIVE AT MARKET SIZE
                            FIGURE 6 MARKET SIZE CALCULATION
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for achieving market size using top-down analysis (supply side)
                            FIGURE 7 TOP-DOWN APPROACH TO ARRIVE AT MARKET SIZE
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 9 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 45)
  FIGURE 10 AR HMD SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 11 OLED SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 12 MEDICAL SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 13 MICRODISPLAY MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
    3.1 COVID-19 IMPACT ANALYSIS ON MICRODISPLAY MARKET
        FIGURE 14 IMPACT OF COVID-19 ON MICRODISPLAY MARKET
           3.1.1 POST-COVID-19 (REALISTIC SCENARIO)
           3.1.2 POST-COVID-19 (OPTIMISTIC SCENARIO)
           3.1.3 POST-COVID-19 (PESSIMISTIC SCENARIO)

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES IN MICRODISPLAY MARKET
        FIGURE 15 RISING DEMAND FOR HMD AND HUD TO DRIVE GROWTH OF MICRODISPLAY MARKET FROM 2020 TO 2025
    4.2 MICRODISPLAY MARKET, BY PRODUCT
        FIGURE 16 HMD AND HUD SEGMENTS TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET FROM 2020 T0 2025
        FIGURE 17 HMD AND HUD SEGMENTS TO ACCOUNT FOR SIGNIFICANT SHARES OF MICRODISPLAY MARKET IN 2025
        FIGURE 18 OLED SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET IN 2025
    4.3 MICRODISPLAY MARKET, BY INDUSTRY
        FIGURE 19 CONSUMER SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MICRODISPLAY MARKET TILL 2020
    4.4 MICRODISPLAY MARKET, BY RESOLUTION
        FIGURE 20 FHD SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET IN 2025
    4.5 MICRODISPLAY MARKET, BY BRIGHTNESS
        FIGURE 21 500 TO 1,000 NITS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET FROM 2020 TO 2025
    4.6 MICRODISPLAY MARKET IN APAC, BY COUNTRY AND PRODUCT
        FIGURE 22 JAPAN AND AR HMD SEGMENT TO ACCOUNT FOR LARGEST SHARES OF MICRODISPLAY MARKET IN APAC IN 2025
    4.7 MICRODISPLAY MARKET, BY COUNTRY
        FIGURE 23 MICRODISPLAY MARKET IN US TO GROW AT HIGHEST FROM 2020 TO 2025

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 24 MICRODISPLAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for microdisplays used in wearable devices
                    5.2.1.2 Evolving microdisplays in terms of size and technologies
                    5.2.1.3 Increasing demand for AR devices in healthcare applications
                    5.2.1.4 Surging adoption of HMD in different industries
                    5.2.1.5 Growing demand for OLED microdisplays
           5.2.2 RESTRAINTS
                    5.2.2.1 Saturation of markets for digital cameras and projectors
                    5.2.2.2 Trade restrictions imposed by US on China
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of microdisplays in aerospace and defense sector
                    5.2.3.2 Increase in demand for medical displays owing to outbreak of COVID-19
                    5.2.3.3 Presence of key players in APAC
                    5.2.3.4 Development of next-generation micro-LED display technology
                            FIGURE 25 MICRO-LED BASED MICRODISPLAY MARKET, BY NTE TYPE, 2019–2026 (USD MILLION)
           5.2.4 CHALLENGES
                    5.2.4.1 Development of power-efficient microdisplays with high-resolution and brightness
                    5.2.4.2 Display latency reduction
                    5.2.4.3 Adverse impact of lockdowns and social distancing on commercial trade commercial trade
                    5.2.4.4 High manufacturing costs of microdisplays

6 TYPES OF MICRODISPLAYS (Page No. - 67)
    6.1 INTRODUCTION
        FIGURE 26 MICRODISPLAY MARKET, BY TYPE
    6.2 REFLECTIVE
           6.2.1 DLP-BASED MICRODISPLAYS ARE REFLECTIVE IN NATURE
    6.3 TRANSMISSIVE
           6.3.1 BACKLIT LAPTOP COMPUTER SCREENS AND REAR-PROJECTION TVS ARE KEY APPLICATIONS OF TRANSMISSIVE MICRODISPLAYS

7 INDUSTRY TRENDS (Page No. - 68)
    7.1 INTRODUCTION
    7.2 VALUE CHAIN ANALYSIS
        FIGURE 27 MICRODISPLAY MARKET: VALUE CHAIN
    7.3 TECHNOLOGY COMPARISON—LCD, LCOS, DLP, OLED, AND MICRO-LED
        TABLE 1 MICRODISPLAY TECHNOLOGY COMPARISON
    7.4 EMERGING DISPLAY TECHNOLOGIES
           7.4.1 COMMERCIALIZATION POTENTIAL OF MICRO-LED AND ITS IMPACT
    7.5 EMERGING TRENDS
           7.5.1 VR MICRODISPLAYS
                    7.5.1.1 LOMID project
                            TABLE 2 LOMID PROJECT
                    7.5.1.2 Kopin’s microdisplay for VR HMD
           7.5.2 MAJOR CONTRACTS
    7.6 IMPACT OF COVID-19 ON MICRODISPLAY MARKET

8 MICRODISPLAY MARKET, BY TECHNOLOGY (Page No. - 75)
    8.1 INTRODUCTION
        FIGURE 28 MICRODISPLAY MARKET, BY TECHNOLOGY
        FIGURE 29 OLED SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
        TABLE 3 MICRODISPLAY MARKET, BY TECHNOLOGY, 2017–2025 (USD MILLION)
    8.2 LIQUID CRYSTAL DISPLAY (LCD)
           8.2.1 LOW VOLTAGE AND POWER CONSUMPTION AND HIGH RESOLUTION AND CONTRAST OFFERED BY LCD-BASED MICRODISPLAYS
                 FIGURE 30 PROJECTORS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF LCD MICRODISPLAY MARKET IN 2020
                 TABLE 4 LCD MICRODISPLAY MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
                 TABLE 5 LCD MICRODISPLAY MARKET, BY REGION, 2017–2025 (USD MILLION)
    8.3 LIQUID CRYSTAL ON SILICON (LCOS)
           8.3.1 ABILITY OF LCOS TECHNOLOGY TO USE NARROWBAND LIGHT SOURCES FOR ILLUMINATION
                 FIGURE 31 HUD SEGMENT TO ACCOUNT FOR LARGEST SHARE OF LCOS MICRODISPLAY MARKET IN 2020
                 TABLE 6 LCOS MICRODISPLAY MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
                 FIGURE 32 APAC TO ACCOUNT FOR LARGEST SIZE OF LCOS MICRODISPLAY MARKET FROM 2020 TO 2025
                 TABLE 7 LCOS MICRODISPLAY MARKET, BY REGION, 2017–2025 (USD MILLION)
    8.4 ORGANIC LIGHT-EMITTING DIODE (OLED)
           8.4.1 REPLACEMENT OF LCD TECHNOLOGY WITH OLED TECHNOLOGY IN SEVERAL SYSTEMS
                 FIGURE 33 HMD SEGMENT TO ACCOUNT FOR LARGEST SHARE OF OLED MICRODISPLAY MARKET FROM 2020 TO 2025
                 TABLE 8 OLED MICRODISPLAY MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
                 FIGURE 34 APAC TO ACCOUNT FOR LARGEST SIZE OF OLED MICRODISPLAY MARKET FROM 2020 TO 2025
                 TABLE 9 OLED MICRODISPLAY MARKET, BY REGION, 2017–2025 (USD MILLION)
    8.5 DIGITAL LIGHT PROCESSING (DLP)
           8.5.1 INCREASED BRIGHTNESS, LOW COST, AND HIGH OPTICAL EFFICIENCY AMONG KEY ADVANTAGES OF DLP TECHNOLOGY
                 TABLE 10 DLP MICRODISPLAY MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
                 FIGURE 35 APAC TO ACCOUNT FOR LARGEST SIZE OF DLP MICRODISPLAY MARKET FROM 2020 TO 2025
                 TABLE 11 DLP MICRODISPLAY MARKET, BY REGION, 2017–2025 (USD MILLION)
    8.6 IMPACT OF COVID-19 ON TECHNOLOGIES

9 MICRODISPLAY MARKET, BY PRODUCT (Page No. - 87)
    9.1 INTRODUCTION
        FIGURE 36 MICRODISPLAY MARKET, BY PRODUCT
        TABLE 12 MICRODISPLAY MARKET VALUE AND VOLUME, 2017–2025
        FIGURE 37 HMD SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET, IN TERMS OF VALUE, IN 2025
        TABLE 13 MICRODISPLAY MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
        FIGURE 38 PROJECTORS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET IN 2020
        TABLE 14 MICRODISPLAY MARKET, BY PRODUCT, 2017–2025 (MILLION UNITS)
    9.2 NEAR-TO-EYE (NTE) DISPLAY DEVICES
        TABLE 15 MICRODISPLAY MARKET FOR NTE DISPLAY DEVICES, BY REGION, 2017–2025 (USD MILLION)
        TABLE 16 MICRODISPLAY MARKET FOR NTE DISPLAY DEVICES, BY TECHNOLOGY, 2017–2025 (USD MILLION)
        TABLE 17 MICRODISPLAY MARKET FOR NTE DISPLAY DEVICES, BY INDUSTRY, 2017–2025 (USD MILLION)
        TABLE 18 MICRODISPLAY MARKET FOR NTE DISPLAY DEVICES, BY TYPE, 2017–2025 (USD MILLION)
           9.2.1 CAMERAS/ELECTRONIC VIEWFINDERS (EVF)
                 TABLE 19 MICRODISPLAY MARKET FOR CAMERAS/EVF, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 20 MICRODISPLAY MARKET FOR CAMERAS/EVF, BY TECHNOLOGY, 2017–2025 (USD MILLION)
                 TABLE 21 MICRODISPLAY MARKET FOR CAMERAS/EVF, BY INDUSTRY, 2017–2025 (USD MILLION)
           9.2.2 HEAD-MOUNTED DISPLAYS (HMD)
                 TABLE 22 MICRODISPLAY MARKET FOR HMD, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 23 MICRODISPLAY MARKET FOR HMD, BY TECHNOLOGY, 2017–2025 (USD MILLION)
                 TABLE 24 MICRODISPLAY MARKET FOR HMD, BY INDUSTRY, 2017–2025 (USD MILLION)
                 TABLE 25 MICRODISPLAY MARKET FOR HMD, BY TYPE, 2017–2025 (USD MILLION)
                    9.2.2.1 Augmented reality (AR) HMD
                               9.2.2.1.1 Majority of demand for microdisplays to emerge for AR HMD from 2020 to 2025
                    9.2.2.2 Virtual reality (VR) HMD
                               9.2.2.2.1 Microdisplay market for VR HMD to witness significant growth from 2021 onwards
    9.3 HEAD-UP DISPLAYS (HUD)
           9.3.1 MICRODISPLAY MARKET FOR HUD IN NORTH AMERICA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                 FIGURE 39 APAC TO HOLD LARGEST SIZE OF MICRODISPLAY MARKET FOR HUD FROM 2020 TO 2025
                 TABLE 26 MICRODISPLAY MARKET FOR HUD, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 27 MICRODISPLAY MARKET FOR HUD, BY TECHNOLOGY, 2017–2025 (USD MILLION)
                 TABLE 28 MICRODISPLAY MARKET FOR HUD, BY INDUSTRY, 2017–2025 (USD MILLION)
    9.4 PROJECTORS
           9.4.1 LCOS-BASED MICRODISPLAYS TO WITNESS HIGHEST DEMAND FROM 2020 TO 2025
                 TABLE 29 MICRODISPLAY MARKET FOR PROJECTORS, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 30 MICRODISPLAY MARKET FOR PROJECTORS, BY TECHNOLOGY, 2017–2025 (USD MILLION)
                 TABLE 31 MICRODISPLAY MARKET FOR PROJECTORS, BY INDUSTRY, 2017–2025 (USD MILLION)
           9.4.2 PICO PROJECTORS
           9.4.3 DATA PROJECTORS
    9.5 OTHERS
        TABLE 32 MICRODISPLAY MARKET FOR OTHER PRODUCTS, BY REGION, 2017–2025 (USD MILLION)
        TABLE 33 MICRODISPLAY MARKET FOR OTHER PRODUCTS, BY TECHNOLOGY, 2017–2025 (USD MILLION)
        TABLE 34 MICRODISPLAY MARKET FOR OTHER PRODUCTS, BY INDUSTRY, 2017–2025 (USD MILLION)
    9.6 IMPACT OF COVID-19 ON KEY PRODUCTS
        FIGURE 40 PRE-COVID-19 AND POST-COVID-19 SCENARIO FOR HUD MICRODISPLAY MARKET
        FIGURE 41 PRE-COVID-19 AND POST-COVID-19 SCENARIO FOR HMD MICRODISPLAY MARKET

10 MICRODISPLAY MARKET, BY RESOLUTION AND BRIGHTNESS (Page No. - 104)
     10.1 BY RESOLUTION
             10.1.1 INTRODUCTION
                    FIGURE 42 MICRODISPLAY MARKET, BY RESOLUTION
                    TABLE 35 MICRODISPLAY RESOLUTION BASED ON DIFFERENT CATEGORIES
                    FIGURE 43 HIGHER THAN FHD RESOLUTION SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                    TABLE 36 MICRODISPLAY MARKET, BY RESOLUTION, 2017–2025 (USD MILLION)
             10.1.2 LOWER THAN HD
                        10.1.2.1 Lower than HD segment led microdisplay market in 2019
             10.1.3 HD
                        10.1.3.1 AR HMD to drive growth of HD segment of microdisplay market
             10.1.4 FHD
                        10.1.4.1 FHD segment projected to hold significant share in microdisplay market in 2025
             10.1.5 HIGHER THAN FHD
                        10.1.5.1 Higher than FHD segment of microdisplay market to grow at highest CAGR from 2020 to 2025
     10.2 BY BRIGHTNESS
             10.2.1 INTRODUCTION
                    FIGURE 44 MICRODISPLAY MARKET, BY BRIGHTNESS
                    FIGURE 45 500 TO 1,000 NITS BRIGHTNESS SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                    TABLE 37 MICRODISPLAY MARKET, BY BRIGHTNESS, 2017–2025 (USD MILLION)
             10.2.2 LESS THAN 500 NITS
                        10.2.2.1 Use of microdisplays of less than 500 nits in EVF, HUD, and HMD to drive market growth
             10.2.3 500 TO 1,000 NITS
                        10.2.3.1 500 to 1,000 nits segment of microdisplay market to grow at highest CAGR from 2020 to 2025
             10.2.4 MORE THAN 1,000 NITS
                        10.2.4.1 Use of microdisplays with more than 1,000 nits of brightness in projectors

11 MICRODISPLAY MARKET, BY INDUSTRY (Page No. - 110)
     11.1 INTRODUCTION
          FIGURE 46 MICRODISPLAY MARKET, BY INDUSTRY
          FIGURE 47 MEDICAL SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
          TABLE 38 MICRODISPLAY MARKET, BY INDUSTRY, 2017–2025 (USD MILLION)
     11.2 CONSUMER
             11.2.1 CAMERAS/EVF SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MICRODISPLAY MARKET FOR CONSUMER IN 2020
                    FIGURE 48 CAMERAS/EVF SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MICRODISPLAY MARKET FOR CONSUMER FROM 2020 TO 2025
                    TABLE 39 MICRODISPLAY MARKET FOR CONSUMER, BY PRODUCT, 2017–2025 (USD MILLION)
     11.3 INDUSTRIAL & ENTERPRISE
             11.3.1 HMD SEGMENT OF MICRODISPLAY MARKET FOR INDUSTRIAL & ENTERPRISE PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                    FIGURE 49 HMD SEGMENT OF MICRODISPLAY MARKET FOR INDUSTRIAL & ENTERPRISE TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                    TABLE 40 MICRODISPLAY MARKET FOR INDUSTRIAL & ENTERPRISE, BY PRODUCT, 2017–2025 (USD MILLION)
     11.4 AUTOMOTIVE
             11.4.1 HUD TO ACCOUNT FOR LARGE SIZE OF MICRODISPLAY MARKET FOR AUTOMOTIVE FROM 2020 TO 2025
                    FIGURE 50 HUD SEGMENT TO ACCOUNT FOR LARGE SIZE OF MICRODISPLAY MARKET FOR AUTOMOTIVE FROM 2020 TO 2025
                    TABLE 41 MICRODISPLAY MARKET FOR AUTOMOTIVE, BY PRODUCT, 2017–2025 (USD MILLION)
     11.5 MILITARY, DEFENSE, AND AEROSPACE
             11.5.1 HMD TO BE LEADING PRODUCTS USED IN MILITARY, DEFENSE, AND AEROSPACE INDUSTRY FROM 2020 TO 2025
                    FIGURE 51 HMD TO ACCOUNT FOR LARGEST SHARE OF MICRODISPLAY MARKET FOR MILITARY, DEFENSE, AND AEROSPACE IN 2025
                    TABLE 42 MICRODISPLAY MARKET FOR MILITARY, DEFENSE, AND AEROSPACE, BY PRODUCT, 2017–2025 (USD MILLION)
     11.6 SPORTS & ENTERTAINMENT
             11.6.1 HMD SEGMENT OF MICRODISPLAY MARKET FOR SPORTS & ENTERTAINMENT TO EXHIBIT HIGHEST GROWTH FROM 2020 TO 2025
                    FIGURE 52 HMD SEGMENT OF MICRODISPLAY MARKET FOR SPORTS & ENTERTAINMENT TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                    TABLE 43 MICRODISPLAY MARKET FOR SPORTS & ENTERTAINMENT, BY PRODUCT, 2017–2025 (USD MILLION)
     11.7 RETAIL & HOSPITALITY
             11.7.1 HMD SEGMENT TO LEAD MICRODISPLAY MARKET FOR RETAIL & HOSPITALITY FROM 2020 TO 2025
                    TABLE 44 MICRODISPLAY MARKET FOR RETAIL & HOSPITALITY, BY PRODUCT, 2017–2025 (USD MILLION)
     11.8 MEDICAL
             11.8.1 HMD SEGMENT OF MICRODISPLAY MARKET FOR MEDICAL TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                    TABLE 45 MICRODISPLAY MARKET FOR MEDICAL, BY PRODUCT, 2017–2025 (USD MILLION)
     11.9 EDUCATION
             11.9.1 INCREASED USE OF MICRODISPLAY-BASED DEVICES IN EDUCATION INDUSTRY TO FUEL GROWTH OF MICRODISPLAY MARKET FROM 2020 TO 2025
                    TABLE 46 MICRODISPLAY MARKET FOR EDUCATION, BY PRODUCT, 2017–2025 (USD MILLION)
     11.1 OTHERS
             11.10.1 HMD SEGMENT TO LEAD MICRODISPLAY MARKET FOR OTHER INDUSTRIES FROM 2020 TO 2025
                     TABLE 47 MICRODISPLAY MARKET FOR OTHER INDUSTRIES, BY PRODUCT, 2017–2025 (USD MILLION)
     11.11 COVID-19 IMPACT ON MAJOR INDUSTRIES
          FIGURE 53 PRE-COVID-19 AND POST-COVID-19 SCENARIO FOR CONSUMER SEGMENT OF MICRODISPLAY MARKET
          FIGURE 54 PRE-COVID-19 AND POST-COVID-19 SCENARIO FOR MEDICAL SEGMENT OF MICRODISPLAY MARKET

12 GEOGRAPHIC ANALYSIS (Page No. - 126)
     12.1 INTRODUCTION
          FIGURE 55 APAC TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET IN 2025
          TABLE 48 MICRODISPLAY MARKET, BY REGION, 2017–2025 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 56 NORTH AMERICA: SNAPSHOT OF MICRODISPLAY MARKET
          TABLE 49 MICRODISPLAY MARKET IN NORTH AMERICA, BY PRODUCT, 2017–2025 (USD MILLION)
          FIGURE 57 OLED OF MICRODISPLAY MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
          TABLE 50 MICRODISPLAY MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2017–2025 (USD MILLION)
          TABLE 51 MICRODISPLAY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
             12.2.1 IMPACT OF COVID-19 ON NORTH AMERICA
             12.2.2 US
                        12.2.2.1 Advancements in microdisplay technology increase its penetration in medical devices and equipment
                        12.2.2.2 Impact of COVID-19 on the US
             12.2.3 CANADA
                        12.2.3.1 Adoption of HUD in automobiles to spur growth of microdisplay market in the country
                        12.2.3.2 Impact of COVID-19 on Canada
             12.2.4 MEXICO
                        12.2.4.1 Increased deployment of microdisplays in electronics industry of country
                        12.2.4.2 Impact of COVID-19 on Mexico
                                 FIGURE 58 COMPARISON FIGURES FOR PRE-COVID-19 IMPACT AND POST-COVID-19 IMPACT SCENARIO IN NORTH AMERICA, 2017–2025 (USD MILLION)
                                 TABLE 52 COMPARISON TABLE FOR PRE-COVID-19 IMPACT AND POST-COVID-19 IMPACT SCENARIO IN NORTH AMERICA, 2017–2025 (USD MILLION)
     12.3 EUROPE
          FIGURE 59 EUROPE: SNAPSHOT OF MICRODISPLAY MARKET
          TABLE 53 MICRODISPLAY MARKET IN EUROPE, BY PRODUCT, 2017–2025 (USD MILLION)
          TABLE 54 MICRODISPLAY MARKET IN EUROPE, BY TECHNOLOGY, 2017–2025 (USD MILLION)
          FIGURE 60 GERMANY TO LEAD MICRODISPLAY MARKET IN EUROPE FROM 2020 TO 2025
          TABLE 55 MICRODISPLAY MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
             12.3.1 GERMANY
                        12.3.1.1 Increase in penetration of HUD in automobiles driving demand for microdisplays in country
                        12.3.1.2 Impact of COVID-19 on Germany
             12.3.2 FRANCE
                        12.3.2.1 Rise in export demand for military weapons to contribute to growth of microdisplay market in France
                        12.3.2.2 Impact of COVID-19 on France
             12.3.3 UK
                        12.3.3.1 Government initiatives to drive growth and transformation of manufacturing ecosystem of UK
                        12.3.3.2 Impact of COVID-19 on UK
             12.3.4 REST OF EUROPE
                        12.3.4.1 Impact of COVID-19 on Rest of Europe
     12.4 APAC
          FIGURE 61 APAC: SNAPSHOT OF MICRODISPLAY MARKET
          TABLE 56 MICRODISPLAY MARKET, BY PRODUCT IN APAC, 2017–2025 (USD MILLION)
          TABLE 57 MICRODISPLAY MARKET IN APAC, BY TECHNOLOGY, 2017–2025 (USD MILLION)
          FIGURE 62 MICRODISPLAY MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
          TABLE 58 MICRODISPLAY MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
             12.4.1 IMPACT OF COVID-19 ON APAC
             12.4.2 CHINA
                        12.4.2.1 High demand for consumer electronic-based products to drive growth of microdisplay market in China
                        12.4.2.2 Impact of COVID-19 on China
             12.4.3 JAPAN
                        12.4.3.1 Presence of several key vendors of cameras/EVF and projectors spur growth of market in Japan
                        12.4.3.2 Impact of COVID-19 on Japan
             12.4.4 SOUTH KOREA
                        12.4.4.1 Increase in demand for smartphones, mirrorless cameras, HMD, and smart wearables to fuel microdisplay market growth in South Korea
                        12.4.4.2 Impact of COVID-19 on South Korea
             12.4.5 REST OF APAC
                        12.4.5.1 Impact of COVID-19 on Rest of APAC
                                 FIGURE 63 COMPARISON FIGURES FOR PRE-COVID-19 IMPACT AND POST-COVID-19 IMPACT SCENARIOS IN APAC, 2017–2025 (USD MILLION)
                                 TABLE 59 COMPARISON TABLE FOR PRE-COVID-19 IMPACT AND POST-COVID-19 IMPACT SCENARIOS IN APAC, 2017–2025 (USD MILLION)
     12.5 REST OF THE WORLD (R0W)
          TABLE 60 MICRODISPLAY MARKET IN ROW, BY PRODUCT, 2017–2025 (USD MILLION)
          TABLE 61 MICRODISPLAY MARKET IN ROW, BY TECHNOLOGY, 2017–2025 (USD MILLION)
          TABLE 62 MICRODISPLAY MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
             12.5.1 SOUTH AMERICA
                        12.5.1.1 Increase in use of AR and VR technologies in the agriculture sector to contribute to demand for HMD equipped with microdisplays from South America
                        12.5.1.2 Impact of COVID-19 on South America
             12.5.2 MIDDLE EAST AND AFRICA (MEA)
                        12.5.2.1 Surge in adoption of HMD equipped with microdisplays in oil & gas industry of Middle East and Africa
                        12.5.2.2 Impact of COVID-19 on Middle East and Africa

13 COMPETITIVE LANDSCAPE (Page No. - 157)
     13.1 INTRODUCTION
          FIGURE 64 KEY DEVELOPMENTS IN MICRODISPLAY MARKET FROM 2017 TO 2020)
     13.2 COMPETITIVE SITUATION AND TRENDS
          FIGURE 65 RANKING OF KEY PLAYERS IN MICRODISPLAY MARKET, 2019
             13.2.1 PRODUCT LAUNCHES AND DEVELOPMENTS, 2017–2020
             13.2.2 AGREEMENTS, PARTNERSHIPS, CONTRACTS, JOINT VENTURES, AND COLLABORATIONS, 2017–2020
             13.2.3 INVESTMENTS, 2017–2020
             13.2.4 ACQUISITIONS, 2017–2020
     13.3 COMPETITIVE LEADERSHIP MAPPING, 2019
             13.3.1 VISIONARY LEADERS
             13.3.2 DYNAMIC DIFFERENTIATORS
             13.3.3 INNOVATORS
             13.3.4 EMERGING COMPANIES
                    FIGURE 66 MICRODISPLAY MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     13.4 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 67 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MICRODISPLAY MARKET
     13.5 BUSINESS STRATEGY EXCELLENCE
          FIGURE 68 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MICRODISPLAY MARKET

14 COMPANY PROFILES (Page No. - 167)
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View, and COVID-19 Updates)*
             14.2.1 SONY
                    FIGURE 69 SONY: COMPANY SNAPSHOT
             14.2.2 SEIKO EPSON
                    FIGURE 70 SEIKO EPSON: COMPANY SNAPSHOT
             14.2.3 EMAGIN CORPORATION
                    FIGURE 71 EMAGIN CORPORATION: COMPANY SNAPSHOT
             14.2.4 KOPIN CORPORATION
                    FIGURE 72 KOPIN CORPORATION: COMPANY SNAPSHOT
             14.2.5 OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY
             14.2.6 HIMAX TECHNOLOGIES
                    FIGURE 73 HIMAX TECHNOLOGIES: COMPANY SNAPSHOT
             14.2.7 HOLOEYE PHOTONICS
             14.2.8 WISECHIP SEMICONDUCTOR
             14.2.9 RAYSTAR OPTRONICS
             14.2.10 WINSTAR DISPLAY
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View, and COVID-19 Updates might not be captured in case of unlisted companies.
     14.3 RIGHT TO WIN
     14.4 KEY INNOVATORS
             14.4.1 FRAUNHOFER FEP
             14.4.2 INDUSTRIAL TECHNOLOGY RESEARCH INSTITUTE (ITRI) TAIWAN
             14.4.3 CEA-LETI
             14.4.4 JBD INC.
             14.4.5 VUEREAL
             14.4.6 JASPER DISPLAY CORP.
             14.4.7 TEXAS INSTRUMENTS
     14.5 OTHER KEY PLAYERS
             14.5.1 SYNDIANT
             14.5.2 MICROOLED
             14.5.3 RAONTECH
             14.5.4 LITEYE SYSTEMS
             14.5.5 SILICON MICRO DISPLAY (SMD)
             14.5.6 CITIZEN FINEDEVICE
             14.5.7 OMNIVISION TECHNOLOGIES
             14.5.8 MICROVISION
             14.5.9 SPI CORP.
             14.5.10 CINOPTICS
             14.5.11 ANPO INTELLIGENCE TECHNOLOGY (ENMESI)
             14.5.12 LUMIODE
             14.5.13 LUMENS
             14.5.14 MICLEDI

15 ADJACENT AND RELATED MARKETS (Page No. - 208)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 AR & VR DISPLAY ECOSYSTEM & INTERCONNECTED MARKETS
          FIGURE 74 AR AND VR DISPLAY MARKET: VALUE CHAIN
          FIGURE 75 ELEMENTS OF AR AND VR ECOSYSTEM
     15.4 AR & VR DISPLAY MARKET
             15.4.1 MARKET DEFINITION
                        15.4.1.1 Inclusions and exclusions
             15.4.2 MARKET OVERVIEW
                    FIGURE 76 AR AND VR DISPLAY MARKET, 2016–2024 (USD MILLION)
     15.5 AR DISPLAY MARKET, BY APPLICATION
          FIGURE 77 ENTERPRISE APPLICATION SEGMENT TO HOLD LARGEST SIZE OF AR DISPLAY MARKET, IN TERMS OF VALUE, DURING FORECAST PERIOD
          TABLE 63 AR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
             15.5.1 CONSUMER
                    TABLE 64 AR DISPLAY MARKET FOR CONSUMER APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                    TABLE 65 AR DISPLAY MARKET FOR CONSUMER APPLICATION, BY REGION, 2016–2024 (USD MILLION)
                        15.5.1.1 Gaming
                                     15.5.1.1.1 Increased demand for AR-based gaming will drive growth of consumer application
                        15.5.1.2 Sports and entertainment
                                     15.5.1.2.1 Sports broadcasting to play crucial role in high growth of sports and entertainment application
             15.5.2 COMMERCIAL
                        15.5.2.1 Use of AR in education and tourism to drive growth of commercial application
                                 TABLE 66 AR DISPLAY MARKET FOR COMMERCIAL APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 67 AR DISPLAY MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.5.3 ENTERPRISE (MANUFACTURING)
                        15.5.3.1 Augment of Industry 4.0 will be major growth avenue for enterprise application
                                 TABLE 68 AR DISPLAY MARKET FOR ENTERPRISE APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 69 AR DISPLAY MARKET FOR ENTERPRISE APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.5.4 AUTOMOTIVE
                        15.5.4.1 Use of AR HUDs onto windshield will play crucial role in market growth
                                 TABLE 70 AR DISPLAY MARKET FOR AUTOMOTIVE APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 71 AR DISPLAY MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.5.5 HEALTHCARE
                        15.5.5.1 Reduction in complexity for surgeries and procedures will drive the use of AR in healthcare application
                                 TABLE 72 AR DISPLAY MARKET FOR HEALTHCARE APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 73 AR DISPLAY MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.5.6 AEROSPACE & DEFENSE
                        15.5.6.1 Use of AR devices to gain competitive advantage in aerospace & defense application
                                 TABLE 74 AR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 75 AR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.5.7 ENERGY
                        15.5.7.1 Use of AR for improving safety, and maintenance & repair will play crucial role in growth of energy application in AR display market
                                 TABLE 76 AR DISPLAY MARKET FOR ENERGY APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 77 AR DISPLAY MARKET FOR ENERGY APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.5.8 OTHERS
                    TABLE 78 AR DISPLAY MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                    TABLE 79 AR DISPLAY MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
     15.6 VR DISPLAY MARKET, BY APPLICATION
          FIGURE 78 CONSUMER APPLICATION SEGMENT TO HOLD LARGEST SIZE OF VR DISPLAY MARKET, IN TERMS OF VALUE, DURING FORECAST PERIOD
          TABLE 80 VR DISPLAY MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
             15.6.1 CONSUMER
                    TABLE 81 VR DISPLAY MARKET FOR CONSUMER APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                    TABLE 82 VR DISPLAY MARKET FOR CONSUMER APPLICATION, BY REGION, 2016–2024 (USD MILLION)
                        15.6.1.1 Gaming
                                     15.6.1.1.1 Immersive gaming to drive growth of VR gaming application
                        15.6.1.2 Sports and entertainment
                                     15.6.1.2.1 Improved athletic performance using VR to drive growth of the market in sports & entertainment application
             15.6.2 COMMERCIAL
                        15.6.2.1 Virtual classrooms to play crucial role in growth of VR display market
                                 TABLE 83 VR DISPLAY MARKET FOR COMMERCIAL APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 84 VR DISPLAY MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.6.3 ENTERPRISE (MANUFACTURING)
                        15.6.3.1 Training and simulation to be major growth avenues in enterprise application
                                 TABLE 85 VR DISPLAY MARKET FOR ENTERPRISE APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 86 VR DISPLAY MARKET FOR ENTERPRISE APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.6.4 HEALTHCARE
                        15.6.4.1 Intraprocedural visualization and patient rehabilitation to be major growth factors in healthcare application
                                 TABLE 87 VR DISPLAY MARKET FOR HEALTHCARE APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 88 VR DISPLAY MARKET FOR HEALTHCARE APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.6.5 AEROSPACE & DEFENSE
                        15.6.5.1 Use of combat simulations to be leading driver for growth of aerospace & defense application
                                 TABLE 89 VR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                                 TABLE 90 VR DISPLAY MARKET FOR AEROSPACE & DEFENSE APPLICATION, BY REGION, 2016–2024 (USD MILLION)
             15.6.6 OTHERS
                    TABLE 91 VR DISPLAY MARKET FOR OTHER APPLICATIONS, BY DEVICE TYPE, 2016–2024 (USD MILLION)
                    TABLE 92 VR DISPLAY MARKET FOR OTHER APPLICATIONS, BY REGION, 2016–2024 (USD MILLION)
     15.7 AR & VR DISPLAY MARKET, BY REGION
                    TABLE 93 AR DISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
                    TABLE 94 VR DISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
             15.7.1 APAC
                    TABLE 95 APAC AR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
                    TABLE 96 APAC VR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
             15.7.2 NORTH AMERICA
                    TABLE 97 NORTH AMERICA AR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
                    TABLE 98 NORTH AMERICA VR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
             15.7.3 EUROPE
                    TABLE 99 EUROPE AR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
                    TABLE 100 EUROPE VR DISPLAY MARKET, BY COUNTRY, 2016–2024 (USD MILLION)
             15.7.4 ROW
                    TABLE 101 ROW AR DISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)
                    TABLE 102 ROW VR DISPLAY MARKET, BY REGION, 2016–2024 (USD MILLION)

16 APPENDIX (Page No. - 240)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATION
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the microdisplay market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

The secondary sources referred to for this research study includes TechCrunch News, OLED Microdisplays, Fraunhofer Data, and Photonics Articles.

In the microdisplay market report, both top-down and bottom-up approaches have been used to estimate and validate the size of the microdisplay market, along with other dependent submarkets. The key players in the microdisplay market have been identified through secondary research, and their market presence has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the microdisplay market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (consumers, industries, healthcare) and supply-side (microdisplay product manufacturers) players across four major regions, namely, Americas, Europe, Asia Pacific, and Rest of the World (the Middle East & Africa). Approximately 70% and 30% of primary interviews have been conducted from the supply and demand side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

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

Microdisplay Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the microdisplay market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identifying market for microdisplay-based products (Cameras/EVF HMD, HUD) in each country
  • Identifying the major applications of microdisplay-related products
  • Estimating the size of the market in each region by adding the sizes of country-wise markets
  • Tracking the ongoing and upcoming implementation of microdisplay projects by various companies in each region and forecasting the size of the microdisplay market based on these developments and other critical parameters, including COVID-19 related impacts
  • Arriving at the size of the global market by adding the sizes of region-wise markets

Microdisplay Market Bottom-Up Approach

Data Triangulation

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

The main objectives of this study are as follows:

  • To define, describe, and forecast the microdisplay market, in terms of value and volume, by product, technology, brightness, resolution, industry, and region
  • To forecast the market, for various segments with respect to four main regions—the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value and volume
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall microdisplay market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the microdisplay market growth
  • To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the microdisplay market
  • To study the complete value chain and allied industry segments, and perform a value chain analysis of the microdisplay market landscape
  • To map competitive intelligence based on company profiles, key player strategies, and key developments
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies2
  • To track and analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and research and development (R&D) in the microdisplay market

Available Customizations:

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of microdisplay market
  • Profiling of additional market players (up to 5)
  • Country-level analysis of component, and system type Segment
Report Code
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Published ON
Jul, 2020
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