Microdisplay Market

Market Leadership - Microdisplay Market

The microdisplay market is expected to grow from USD 972 million in 2018 to USD 3,583 million by 2024, at a CAGR of 24.3% from 2018 to 2024. Factors such as the compact size and technological advancements of microdisplays; increased adoption of HMDs in several industries; escalated demand for OLED microdisplays; and adoption of ADAS and surge in demand for head-up displays are driving the microdisplay market. The aerospace and defense sector is expected to provide wide growth opportunities to the players in the microdisplay market during the forecast period. The development of next-generation microdisplay technology—Micro-LED—is also expected to offer significant growth opportunities for the market during the forecast period.

Key strategies adopted by the major players in the microdisplay market is product launches and developments between 2015 and 2018 to grow in the market. Sony, Seiko Epson, and Kopin Corporation are the leading players who adopted these strategies. For instance, in July 2018, Sony launched the SXRD (silicon X-Tal (crystal) reflective display) SXRD241A, the worlds smallest reflective display device in full HD resolution designed for portable projectors.

Sony is engaged in the development and production of various kinds of electronic equipment, instruments, and devices for consumer, professional, and industrial markets, such as network services, hardware and software for gaming platforms, televisions, audio and video recorders and players, still and video cameras, mobile phones, and semiconductors. Sony enjoys in-house demand for microdisplays for products such as EVFs, projectors, and HMDs. The company has been developing LCD and OLED microdisplays and is now focused on emerging applications of microdisplays to expand its business. In May 2018, Sony launched a 0.5-type OLED microdisplay called Sony ECX339A with UXGA resolution, featuring the worlds smallest pixel pitch of 6.3 µm.

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Seiko Epson’s medium-term and long-term growth strategies under “Epson 25 Corporate Vision” focus on sustaining growth and enhancing the corporate values in the future. Through this vision, the company focuses on creating a new connected age of people, things, and information with its efficient, compact, and precision technologies. The company planned to further strengthen and expand its presence in the markets for projectors and wearable products by offering varieties of products that are capable of enhancing customer productivity, accuracy, and creativity. The company is planned to refine the original microdisplay and projection technologies to create a natural visual communication environment for businesses, as well as lifestyles. In February 2018, Seiko Epson introduced the LightScene EV-100 series, a new type of 3LCD laser projector that expanded the companys presence in the “signage and lighting” sector. In February 2016, Seiko Epson launched Moverio BT-300, a see-through smart glass based on OLED technology. The device was one of the lightest see-through binocular smart glasses in the market.

Kopin’s proprietary components and technologies are protected by more than 300 patents. It strives to maintain technological leadership and expand the customer base through strategies such as investments in R&D, product launches and developments, integration of internal manufacturing with third-party manufacturing, design and product modification according to the trends and signing agreements for the purchase and sale of components. In October 2018, Kopin signed an agreement with Endopodium Inc, a company that develops and commercializes advanced visualization technologies for medical and surgical procedures, to support the development and commercialization of the next-generation head-mounted displays (HMDs) designed for advanced medical and surgical applications. In May 2017, Kopin signed a partnership agreement with OLiGHTEK to meet the rising demand for OLED microdisplays in the VR and AR markets. In March 2017, the company 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

Related Reports:

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

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Report Code
SE 1647
RI Published ON
1/4/2019
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