Global Micro-Displays Market Expected To Reach USD
Newark, NJ, June 24, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global micro-displays market is expected to increase from $ 723 million in 2020 and reach $ 9,082.90 million by 2028, with a CAGR of 37.21% during the forecast period 2021-2028.
The micro-displays market has experienced significant growth in recent years. The micro display can be defined by its resolution and its power consumption. The higher the resolution and the lower the power consumption, the better the quality of the micro-display. In general, the power consumed by the micro display will be measured in terms of milli watts of energy. Micro screens are segmented into reflective micro screens or transmissive micro screens depending on how light is allowed to pass through the display unit.
Reflective micro screens are used in DLP projectors, where tiny mirrors reflect light back into the lens or projection path. Thus, the image will be formed by the deflection of light into the desired projection path in the reflective micro-screens. Liquid crystals on silicon (LCos) are used by reflective micro-displays to allow rapid modulation to create images. In transmissive micro-screens, light can pass through the screen and is not reflected. These types of micro screens are used in rare projection TVs or backlit laptop screens.
The global micro-display market is expected to experience significant growth, owing to technological advancements in micro-displays, growing number of Near To Eye (NTE) applications, excellent image quality, high resolution and low power consumption. The emergence of micro-screen based holographic displays, the growing demand for augmented reality (AR) devices used in healthcare applications, the growing avenues, the low barriers to entry, the growing demand micro screens used in portable devices like fitness trackers etc. contribute to the growth of the micro-displays market. The growing adoption of HMD and OLED micro-displays which enable the development of efficient, thin and bright displays comprising thin films of organic electroluminescent materials (OLEDs) and emitting light when electricity is applied is expected to propel the growth of the market. market.
The factors limiting the growth of the market are the protection of organic light-emitting diode (OLED) layers against water vapor and oxygen, high manufacturing costs, luminance and service life mainly under high temperature conditions. , saturation of the projector and digital camera markets. The challenge of developing energy-efficient micro-displays with high brightness and resolution is slowing the growth of the market. The effect of Covid which has resulted in the disruption of the supply chain projects a negative impact on the growth of the market. The increased adoption of micro-displays in the aerospace, military and many other sectors, the development of next-generation micro LED technology, the increased demand for micro-displays as a result of the Covid epidemic will provide market growth opportunities.
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The major players operating in the global micro-display market are Kopin Corporation, Inc. (US), AU Optronics Corporation, Himax Technologies, Inc. (Taiwan), Microvision Inc., eMargin Corporation (US), Display Tech, Texas Instruments Incorporated, Syndiant Inc., Micro OLED SA, SONY Corporation (Japan), Universal Display Corporation, Micron Technology Inc., LG Display Co. Ltd., HOLOEYE Photonics AG (Germany), Jasper Display Corp, Yunnan Olightek Opto-Electronic Technology Co. Ltd. (China), Seiko Epson Corporation (Japan), WiseChip Semiconductor Inc. (Taiwan), Microtips Technology Inc., Microoled SA, Winstar Display Co. Ltd. (Taiwan), Fraunhofer FEP, Sunlike Display Technology Corp, Semiconductor Solutions, Raystar Optronics Inc. (Taiwan).
HMD segment dominated the market and held the largest market share of 29.79% in 2020
On the basis of product, the global micro-display market is segmented into HMD, EVF, HUD, and projector. The HMD segment dominated the market and held the largest market share of 29.79% in 2020. This growth is attributed to the increasing adoption of HUDs in sports and entertainment, games and entertainment industries such as televisions, smartphones, tablets and cameras.
Liquid Crystal Display (LCD) segment dominated the market and held the largest market share of 31.18% in 2020
On the basis of technology, the global micro-display market is segmented into Organic Light Emitting Diodes (OLED), Liquid Crystal on Silicon (LCoS), Liquid Crystal Display (LCD), and Digital Light Processing (DLP). Liquid Crystal Display (LCD) segment dominated the market and held the largest market share of 31.18% in 2020. This growth is attributed to high pixel density, low cost potential, high contrast in bright light, with reduced power consumption during operation. at low voltage, higher brightness compared to digital micro mirror devices, high resolution.
The military and defense segment dominated the market and held the largest market share of 27.81% in 2020
On the basis of industry, the global micro-display market is segmented into Consumer, Military & Defense, Industrial / Enterprise, Automotive, Aerospace, Entertainment, Medical, Retail, Sports & Entertainment. The military and defense segment dominated the market and held the largest market share of 27.81% in 2020. This growth is attributed to the increasing demand for low power OLED micro-displays such as thermal imaging, knowledge situation and simulation. After military and defense, consumer electronics holds the largest market share due to the growing adoption of smartphones, smartwatches, and smart glasses.
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Regional segment of the micro-displays market
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
- Asia-Pacific (China, Japan India, rest of APAC)
- South America (Brazil and rest of South America)
- Middle East and Africa (UAE, South Africa, rest of MEA)
On the basis of geography, the global Micro-Displays market is classified into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The Asia-Pacific region held the largest market share of 27.48% in 2020. This growth is seen by Asia-Pacific due to the increasing adoption of micro-displays in consumer electronics and various products such as projectors, cameras / EVF and HUD, technological advancements. , growing demand for portable devices using micro-screens, low manufacturing cost, presence of a substantial number of manufacturers, large number of consumers. North America has the fastest growth rate thanks to major suppliers of projectors, cameras / EVFs and technological advancements.
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About the report:
The global micro-displays market is analyzed on the basis of value (Million USD). All segments were analyzed on a global, regional and national basis. The study includes analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of the raw materials and the analysis of the position grid of the competitors.
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Fior Markets is a futuristic market intelligence company, helping clients develop their business strategies and make better decisions using actionable intelligence. With a transparent information pool, we achieve client goals, high level engagements and targeting possible perspectives for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market research reports, especially in industries such as technology, pharmaceuticals, consumer goods, food and beverage, chemicals, media, materials and many more. Our strategic intelligence capabilities are purposefully planned to drive the expansion of your business and elucidate the strength of the diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective fields. The global market research reports we provide involve qualitative and quantitative analysis of the current market scenario according to the separate geographic regions and complete performance in different regions with a holistic approach. Plus, our syndicated research reports offer a comprehensive guide to keeping businesses up to date with the major overhaul coming in their fields. Fior Markets facilitates clients with research analyzes tailored to their exact requirements, specifications and challenges, whether it is full desk research, investigative work, composition of multiple methods, in-depth interviews or competitive intelligence. Our research experts are experienced in matching the exact people and methodology to your business needs.
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