According to Market Research Future Analysis, Micro display market is anticipated to grow at a significant rate over the forecast period, 2017-2023.
Micro Display Market is driven by rising adoption of portable devices, growing application of micro displays, increasing demand for augmented reality displays and high resolution and excellent picture quality. Furthermore, emergence of IoT and the high demand for these technologies acts as opportunities for the overall growth of the micro display market. The market is expected to grow over the forecast period. Micro displays are small sized display units with screen sizes and resolution in micro levels. Also, the small size enables applications in variety of sectors.
For instance, recently eMagin Company launched a new ultra high definition full color OLED micro display for consumer electronics. Also, in March 2017, BOE technology and OLiGHTEK Opto-Electronic Technology Co., Ltd. announced a new joint venture to produce OLED micro displays for the consumer virtual reality and augmented reality market. The company will be named as Kunming, Yunnan.
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Major Key Players
- Seiko Epson Corporation (Japan),
- Kopin Corporation (US),
- Himax Technologies, Inc. (Taiwan),
- Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China),
- RAONTECH (South Korea),
- WiseChip Semiconductor Inc. (Taiwan),
- Syndiant (US),
- Jasper Display Corp. (Taiwan),
- Microtips Technology, LLC (US),
- Dresden Micro display GmbH (Germany),
- Japan Display Inc. (Japan),
- MICROOLED (France),
- HOLOEYE Photonics AG (Germany),
- eMagin Corporation (US)
According to Market Research Future, market has been segmented into technology, product, end-users and region.
On the basis of technology, the market can be segmented into OLED, LCD, DPL and LCos among others. Out of these, OLED accounted for the largest market share majorly due to higher power efficiency, faster response, better picture quality, and better contrast is boosting the growth of the micro display market. OLED is one of the new technology which has been launched recently. Also, presence of large number of players in the OLED market further fuels the growth of the market.
On the basis of product, the market can be segmented into projectors, smart glasses, headsets, HMD and EVF among others. Out of these, head-mounted displays and electronic view finders accounted for the largest market share. The reason is attributed to increasing adoption of augmented reality glasses in the industrial application, helps to provide training to field workers, warehouse management, growing adoption of virtual reality head mounted displays and usage of these head mounted displays in the cars is boosting the overall growth of the market.
On the basis of application, the market can be segmented into healthcare, consumer electronics, military, defense & aerospace, education, industrial and commercial among others. Out of these, consumer electronics accounted for the largest market share majorly due to increasing demand for smartphones in the Asia-Pacific region, designing and implementing of efficient solutions for enhancement of better resolution and picture quality solutions. However, education sector is expected to grow over the forecast period. The reason is attributed to increasing usage of projectors in the educational institutes as traditional classroom learning is replaced by web-based and online learning.
On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific and Rest of the world.
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By Region, MRFR analysis shows that, Asia-Pacific region is expected to grow over the forecast period, 2017-2023, majorly due to increasing implementations of various government initiatives and presence of large number manufacturers in this region. Countries such as China, Japan and India contributes largely to the overall growth of the market.
Europe is expected to have a stable growth rate over the forecast period, 2017-2023. However, North-America accounted for the largest market share. Countries such as U.S contributes largely to the overall growth of the market. The reason of this growth is attributed to rising demand for advanced technologies installed in smartphones.
Table of Content
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Product Software
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
We are thankful for the support and assistance Micro Display Market Research Report – Global Forecast 2023 related technical experts and marketing experts during Research Team survey and interviews.
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