Microdisplays Market to Grow with a Moderate CAGR During

2022-2030; High Resolution and Enhanced Picture Quality

Offered by Microdisplays to Drive the Market Growth

Research Nester released a report titled “Microdisplays Market:

Global Demand Analysis & Opportunity Outlook 2030,” which
delivers a detailed overview of the global microdisplays market in terms of
market segmentation by technology, end-user, and region.

Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.

The microdisplays market is projected to grow with a moderate CAGR

during the forecast period, i.e., 2022-2030, on account of the advantages
like high resolution & enhanced picture quality offered by microdisplays
and the growth in applications of microdisplays. The advantages of
microdisplays have led to their rising adoption in consumer electronics,
military & defense, and healthcare facilities. Additionally, the growth in
demand for organic LED microdisplays has also been witnessed as a
supporting factor for market growth. As per the World Health
Organization, the number of cases diagnosed and deaths from COVID-19
worldwide until April 2021 were estimated to be around 146 million and
3.9 million, respectively. The surge in COVID-19 infections has led to a
sharp rise in the number of hospitalizations, which has escalated the need
for expanding healthcare infrastructure on a global level, thereby requiring
microdisplays to be used in more number of medical equipment, which is
projected to contribute majorly to the market growth.

The market is segmented by technology into liquid crystal display (LCD),

organic light-emitting diode (OLED), digital light processing (DLP), and
liquid crystal on silicon (LCoS). Among these segments, the liquid crystal
display (LCD) segment is anticipated to hold the largest share by the end of
2021 in the microdisplays market due to the beneficial characteristics of
microdisplays such as high resolution and optimal power consumption. On
the basis of end-user, the market is segmented into consumer electronics,
industrial & enterprise, automotive, military, medical, education, and
others. The consumer electronics segment is expected to grow significantly
because of the increase in preference for consumer electronics products
such as digital cameras, TV screens that are deployed with microdisplays.

On the basis of region, the market is segmented into North America,

Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of
which the microdisplays market in the Asia Pacific is projected to hold the
largest share throughout the forecast period owing to the rapid
industrialization and the increasing presence of original equipment
manufacturers in the region. The market in North America is also expected
to grow significantly. This can be attributed to the growing demand from
the well-established end-user industry in the region, especially in the
United States, accompanied by their adoption of the latest technologies like
augmented reality, virtual reality, and others in microdisplays.
High Resolution and Enhanced Picture Quality Offered by
Microdisplays and Growth in Applications of Microdisplays to
Drive Market Growth

According to the International Telecommunications Union statistics, the

world’s population using the internet had surged from 1.3 billion in 2005
to 4.2 billion in 2019.

The growth in the adoption of information & communication technology by

the population works as a favorable driver for the increasing demand for
microdisplays-deployed devices. The demand for wearable devices with
microdisplays such as smartwatches, smart bands, & smart glasses to
enable high image quality and more contrast ratio has been increasing
rapidly, which is also expected to boost the market growth in upcoming
years. However, the high cost of manufacturing of microdisplays & supply
chain disruption due to the COVID-19 outbreak are some of the factors that
are estimated to restrain market growth in the near future.

This report also provides the existing competitive scenario of some of the
key players of the global microdisplays market, which includes company
profiling of Sony Semiconductor Solutions Corporation, Seiko Epson
Corporation (TYO: 6724), eMagin, Kopin Corporation (NASDAQ: KOPN),
MicroVision (NASDAQ: MVIS), AU Optronics Corp. (TPE: 2409), Himax
Technologies (NASDAQ: HIMX), Holoeye Photonics AG, and LG Display
Co., Ltd. (KRX: 034220). The profiling enfolds key information of the
companies, which encompasses business overview, products and services,
key financials, and recent news and developments. On the whole, the report
depicts detailed overview of the global microdisplays market that will help
industry consultants, equipment manufacturers, existing players searching
for expansion opportunities, new players searching possibilities, and other
stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.

Request Report Sample@

Research Nester is a one-stop service provider with a client base in more

than 50 countries, leading in strategic market research and consulting with
an unbiased and unparalleled approach towards helping global industrial
players, conglomerates and executives for their future investment while
avoiding forthcoming uncertainties. With an out-of-the-box mindset to
produce statistical and analytical market research reports, we provide
strategic consulting so that our clients can make wise business decisions
with clarity while strategizing and planning for their forthcoming needs and
succeed in achieving their future endeavors. We believe every business can
expand to its new horizon, provided a right guidance at a right time is
available through strategic minds.

Contact for more Info:

AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919