Microdisplay Market

Market Leadership - Microdisplay Market

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 39.4% from 2020 to 2025. Factors such as compact size & 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) and HUD are driving the growth of the market during the forecast period.

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 & software for gaming platforms, televisions, audio & video recorders & players, still & 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. The company established the Sony Global Relief Fund for COVID-19, a USD 100 million fund to support people during this pandemic situation. The company provides support in three areas—medical, education, and creative community.

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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 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 plans to further strengthen and expand its presence in the markets for projectors and wearable products by offering varieties of products that can enhance customer productivity, accuracy, and creativity. The company is planning to refine the original microdisplay and projection technologies to create a natural visual communication environment for businesses as well as lifestyles. In May 2020, the company started the production of face masks for donation and internal use to enhance the security of its employee and take preventive measures to fight against COVID-19. Moreover, Seiko Epson is significantly involved in developing improved smart glasses with high-resolution displays to increase the number of customers and aims to scale its business revenues. However, as the COVID-19 outbreak has impacted the sales of the consumer electronics companies, it is expected that Seiko Espon will soon plan novel ways to push sales of its AR devices, thereby leading to an increase in the sales of microdisplays.

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 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. It has started focusing on partnerships with innovative developers and manufacturers of diagnostic and ophthalmic surgical equipment for the development of next-generation diagnostic equipment with improved displays to cater to the growing demand for enhanced displays in the medical sector in the wake of the increasing case of COVID-19 cases.

More than 300 patents protect Kopin’s proprietary components and technologies. 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 & sale of components. The company stated its intention to enter the OLED microdisplay market in 2017, and it started offering panels for AR and VR applications. The company is also introducing OLEDon-Silicon microdisplays that consist of two key elements, viz., the silicon backplane, which contains circuitry to drive the OLED pixels, and the OLED emissive front plane layer. The company is exploring new opportunities in the healthcare sector. It has started offering its AR products to hospitals to cure COVID-19 patients. Kopin has managed its productivity during COVID-19 by enabling its employee to work safely from remote places while maintaining social distancing and ensuring a safe working environment. The demand for AR headsets of Kopin has increased from hospitals and medical and public safety responders during the COVID-19 pandemic.

Related Reports:

Microdisplay Market 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

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Report Code
SE 1647
RI Published ON
7/6/2020
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