Micro Display Market Sales Revenue, Demand and Growth by Major Industry Players including Key Strategies, Historical Analysis and Trends by Forecast to 2023

“Micro Display Market”
Micro display Market, By Technology (LCD, OLED), By Product (Projectors, Smart bands, Binoculars), By End-users (Automotive, Healthcare, Industrial) – Global Forecast 2023

Market Highlights:

The smaller versions of an electronic display are termed as micro display. The display has very additional benefits compared to modular displays. It packs in higher resolution, which results in higher picture quality in a small size. This advantage of small size lets micro display to be used in various industrial applications. It has one of the major advantages in virtual reality headsets. As the market of virtual reality is booming, it directly affects the growth of micro display in a positive way. Apart from the virtual reality, growing adoption of portable devices, rising application of micro displays in different industry verticals, increasing demand for augmented reality displays, high resolution and excellent picture quality are some of the factors driving the market.

The key players in the global micro display market include- 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), and eMagin Corporation (US), among others are profiled in Market Research Future analysis and are at the forefront of competition in the global micro display market. The global micro display market is highly competitive. The prominent vendors and new entrants are investing research and development to innovate and expand their present product portfolio.

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Industry News

March 2018, ITRI: Taiwan Should Hold on to Micro LED to Bring Its Display Industry to Life. Asia Pacific is one of the most advanced and leading regions in terms of semiconductors, consumer electronics and related technology. South Korea and Japan have already taken the lead in LCD market, which is now a red ocean. This creates an opportunity for Taiwan to take advantage of micro display and LED market in the global race.

February 2018, LG Display to Rival Samsung in Micro LED TV Space. LG Electronics plans to introduce a micro LED TV larger than Samsung’s ‘The Wall’ modular TV. Micro LED TVs possess low consumption of power and refrain from issues like OLED TVs.

February 2018, Japanese Researchers Develop Ultrathin, Highly Elastic Micro LED Skin Display. Skin electronics is a system that transfer the biometric data to observe health by calculating vital signs or an electrocardiogram. It can be later exhibited on the screen or sent to cloud or a storage device.

Micro Display Global Market – Segmentation

Segmentation by technology: OLED, LCD, LCoS, DLP, Others

Segmentation by product: Projector, headsets, Smart Glasses, HMD, EVF, others

Segmentation by end-user: healthcare, consumer electronics, industrial, automotive, defence, aerospace, education, commercial, other

Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

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Regional Analysis

The geographical analysis of the micro display market is segmented into North America, Europe, Asia Pacific and rest of the world. Among these regions, North America is dominating the market of micro display and is expected to continue leading the market during forecast period. This is majorly due to the reason that various enterprises have deployed their base in countries like the United States and possess strong technical base. On the other hand, Europe claims the second spot in this market. However, there is expected a high market growth during the forecast period by Asia Pacific.

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