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Global Microdisplay Market by Type(Reflective And Transmissive), By Product (Near-to-Eye devices (HMD, Head-up display (HUD), and EVF), Projector and Others), By Technology (Organic Light-Emitting Diode (OLED), Liquid Crystal on Silicon (LCoS), Liquid Crystal Displays (LCD), and Digital Light Processing (DLP)), By End-User Industry (Consumer Electronics, Healthcare, Military, Defense And Aerospace, Automotive, Retail, Entertainment, Industrial and Others),and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2030.
Global Microdisplay Market Overview:
The global microdisplay market is estimated to reach USD 7.8 billion by 2030, at a CAGR of 18.64 % from 2022 to 2030, and it was valued at USD 1.3 billion in 2022. The microdisplay is mainly a display that has a very small screen. It includes user-configurable technology, high pixel density, and high resolution widely used in head-mounted displays, digital cameras, rear-projection TVs, and data projectors to enable quality pictures and contrast ratio. Additionally, devices such as smartwatches have taken advantage of such displays’ high resolution and low power consumption. Furthermore, it offers a super-extended graphics array resolution for enhanced angle view and improved brightness. DLP, LCD, and LCoS are extensively used in microdisplay technologies. Global Microdisplay Market Insights The key factors are compactness and technological advancements of microdisplays and the growing high demand for HMDs. Additionally, the surge in demand for nanotechnology devices to detect micro-sized elements will foster the growth of the microdisplay market in the upcoming years. Further, the swelling adoption of consumer electronics and mounting consumer preferences for miniature displays will complement the global microdisplay market’s growth. The upsurge in demand for microdisplay in military & defense, consumer electronics, and medical applications due to its high resolution & excellent picture quality, lower consumption, and compact size is projected to drive the market growth. Moreover, the rise in demand for AR/VR technology in the gaming & entertainment sector is anticipated to enhance the microdisplay demand. The growing consumer demand for small form factor microdisplay devices with improved features, such as more colors, faster response, higher power efficiency, and better contrast, will propel the market demand globally. The rising popularity of AR/VR technology and increasing demand for microdisplays across the globe is expected to witness remarkable growth in the market. Additionally, the increasing popularity of smartwatches and fitness trackers among consumers for various applications, such as health monitoring, lifestyle support, entertainment, and fitness monitoring, will stimulate the global microdisplay market share in the analysis periods. AR and VR technology-based products, such as AR HMDs, HUDs, and VR HMDs, are projected to bolster the growth of the microdisplay market in the coming years. The surge in demand for microdisplays in military & defense for monochrome night-vision systems to provide an improved visual experience to soldiers will positively impact the market. Growth Driver Rising in demand for microdisplay due to its high resolution and excellent picture quality The microdisplay’s high resolution and pixel density display give it excellent picture quality without changing the sub-pixels. The standard pixel used in microdisplay is 1400104, with a pixel density of 2916 PPI. Also, these displays are being used in health trackers to provide real-time monitoring. Thereby driving market growth. The growing number of near-to-eye applications There has been a surge in demand for augmented reality devices such as smart glasses and a head-mounted display, where high resolution is used with an optical magnifying system. The rise in demand is due to its optimized power consumption and compact size. Moreover, it is primarily used in various applications such as military & defense, consumer electronics, and medical applications, which is estimated to fuel market growth. Product Segmental Analysis Based on the product, the global microdisplay[1] market is classified into near-to-eye devices (HMD, head-up display (HUD), and EVF), projectors, and others. Near-to-eye devices are expected to have the highest revenue share for microdisplay during the forecast period. The segment’s growth is primarily attributed to the increased consumer inclination toward NED devices such as head-mounted displays and EVF. Additionally, the rise in demand for AR HMD glasses in the industrial and enterprise industry for providing on-the-job training to field workers, warehouse management, and maintenance and inspection activities will spur market growth. The projector will witness a lucrative growth rate in the estimated period due to the increased demand for DLP (Digital Light Processing) projectors in various sectors, such as education and corporate training. Type Segmental Analysis The global microdisplay market bifurcates into reflective and transmissive based on the type. The transmissive segment held a higher market share in 2021 and is projected to dominate the global Microdisplay market by 2030. Due to the swelling penetration of LCoS and LCD technologies, the transmissive segment comprises growing applications of transmissive microdisplays, which include near-to-eye displays. The reflective will grow at a momentous CAGR in the forecast period. This is owing to the growing usage of reflective microdisplay in DLP projectors, in which tiny mirrors bounce light into the lens or projection path. Technology Segmental Analysis Based on the technology, the global microdisplay market is segregated into organic light-emitting diode (OLED), liquid crystal on silicon (LCoS), liquid crystal displays (LCD), and digital light processing (DLP). The organic light-emitting diode (OLED) segment held a meaningful market share in 2021 and will gain maximum market revenue by 2030. It is attributable to the increasing advantages of OLED, such as wider viewing angles, higher temperature range, faster refresh rate, and better contrast, and enhanced features, such as high-power efficiency, faster response, and better contrast. The liquid crystal displays (LCD) segment is poised to grow significantly over the forecast period. It is due to the extensive use of LCD microdisplays in HUDs, HMDs, and Electronic Viewfinders (EVFs). End-User Industry Segmental Analysis Based on the end-user industry, the global microdisplay market is segregated into consumer electronics, healthcare, military, defense and aerospace, automotive, retail, entertainment, and industrial. The military, defense, and aerospace segment will dominate the global microdisplay market by 2030. This is due to the surge in demand for low-power OLED microdisplays for several applications, such as thermal imaging, situational awareness, simulation, and training. Consumer electronics accounted for the largest share of the microdisplay market in 2021 due to the increasing adoption of smartphones, smartwatches, and smart glasses. Region Segmental Analysis The global microdisplay market is segmented by geography into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is estimated to project considerable growth over 2022-2030. This is due to the early adoption of technologies and the increasing adoption of microdisplays in consumer electronics. North America has a growing demand for integrated HMDs and HUDs in consumer, industrial and enterprise, and military, defense, and aerospace industries. The Asia Pacific will capture a prominent share of the microdisplay market by 2030 due to the escalation in the adoption of smart devices by many consumers and growing demand across various industries. Competitor Analysis Companies such as AU Optronics Corp, eMagin Corporation, Himax Technology Inc., KopIn Corporation Inc., LG Display Co. Ltd, Microvision Inc., Omnivision Technologies, Inc., Sony Corporation, Syndiant Inc., Seiko Epson Corporation, Yunnan OLiGHTEK Opto-Electronic Technology, HOLOEYE Photonics AG, WiseChip Semiconductor, Raystar Optronics, and Universal Display Corporation are the key players in the global microdisplay market. Key Stakeholders- Market research and consulting firms
- Industry associations
- Global microdisplay manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to microdisplay
- Regulatory bodies
- Suppliers
- Retailers
Recent Developments
- In 2023, eMagin Corporation declared a new 0.53-inch OLED microdisplay with a 1920 x 1080 pixels resolution. The display is designed for use in increased reality glasses.
- In 2022, Sony declared a new 0.77-inch OLED microdisplay with a 2048 x 2048 pixels resolution. The display is designed for increased reality (AR) and virtual reality (VR) headsets.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type- Reflective
- Transmissive
- Near-to-Eye devices
- HMD
- Head-up display (HUD)
- EVF
- Projector
- Others
- Organic Light-Emitting Diode (OLED)
- Liquid Crystal on Silicon (LCoS)
- Liquid Crystal Displays (LCD)
- Digital Light Processing (DLP))
- Consumer Electronics
- Healthcare
- Military, Defense and Aerospace
- Automotive
- Retail
- Entertainment
- Industrial
- Others
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10. PESTEL Analysis
- Global Microdisplay Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.1.2. Consumption
5.1.2.1. By Volume (Number of Units)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Type
5.2.1.1. Reflective
5.2.1.2. Transmissive
5.2.2. By Product
5.2.2.1. Near-to-Eye devices
5.2.2.1.1. Head-mounted display (HMD)
5.2.2.1.2. Head-up display (HUD)
5.2.2.1.3. Electronic viewfinder (EVF)
5.2.2.2. Projector
5.2.2.3. Others
5.2.3. By Technology
5.2.3.1. Organic Light-Emitting Diode (OLED)
5.2.3.2. Liquid Crystal on Silicon (LCoS)
5.2.3.3. Liquid Crystal Displays (LCD)
5.2.3.4. Digital Light Processing (DLP)
5.2.4. By End-User Industry
5.2.4.1. Consumer Electronics
5.2.4.2. Healthcare
5.2.4.3. Military, Defense and Aerospace
5.2.4.4. Automotive
5.2.4.5. Retail
5.2.4.6. Entertainment
5.2.4.7. Industrial
5.2.4.8. Others
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. The Middle East & Africa
5.2.5.5. South America
- North America Microdisplay Market, 2017-2030
6.1. North America Microdisplay Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.1.2. Consumption
6.1.2.1. By Volume (Number of Units)
6.2. North America Microdisplay Market Share & Forecast, 2017-2030
6.2.1. By Type
6.2.1.1. Reflective
6.2.1.2. Transmissive
6.2.2. By Product
6.2.2.1. Near-to-Eye devices
6.2.2.1.1. Head-mounted display (HMD)
6.2.2.1.2. Head-up display (HUD)
6.2.2.1.3. Electronic viewfinder (EVF)
6.2.2.2. Projector
6.2.2.3. Others
6.2.3. By Technology
6.2.3.1. Organic Light-Emitting Diode (OLED)
6.2.3.2. Liquid Crystal on Silicon (LCoS)
6.2.3.3. Liquid Crystal Displays (LCD)
6.2.3.4. Digital Light Processing (DLP)
6.2.4. By End-User Industry
6.2.4.1. Consumer Electronics
6.2.4.2. Healthcare
6.2.4.3. Military, Defense and Aerospace
6.2.4.4. Automotive
6.2.4.5. Retail
6.2.4.6. Entertainment
6.2.4.7. Industrial
6.2.4.8. Others
6.2.5. By Country
6.2.5.1. U.S
6.2.5.2. Canada
6.2.5.3. Mexico
6.2.6. By Price Point Analysis
6.2.7. Company Market Share (Top 3-5)
6.2.8. Manufacturer & Distributor List (Top 5)
6.2.9. Economic Impact Study on North America Microdisplay Market
- Europe Microdisplay Market, 2017-2030
7.1. Europe Microdisplay Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.1.2. Consumption
7.1.2.1. By Volume (Number of Units)
7.2. Europe Microdisplay Market Share & Forecast, 2017-2030
7.2.1. By Type
7.2.1.1. Reflective
7.2.1.2. Transmissive
7.2.2. By Product
7.2.2.1. Near-to-Eye devices
7.2.2.1.1. Head-mounted display (HMD)
7.2.2.1.2. Head-up display (HUD)
7.2.2.1.3. Electronic viewfinder (EVF)
7.2.2.2. Projector
7.2.2.3. Others
7.2.3. By Technology
7.2.3.1. Organic Light-Emitting Diode (OLED)
7.2.3.2. Liquid Crystal on Silicon (LCoS)
7.2.3.3. Liquid Crystal Displays (LCD)
7.2.3.4. Digital Light Processing (DLP)
7.2.4. By End-User Industry
7.2.4.1. Consumer Electronics
7.2.4.2. Healthcare
7.2.4.3. Military, Defense and Aerospace
7.2.4.4. Automotive
7.2.4.5. Retail
7.2.4.6. Entertainment
7.2.4.7. Industrial
7.2.4.8. Others
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. UK
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Rest of Europe
7.2.6. By Price Point Analysis
7.2.7. Company Market Share (Top 3-5)
7.2.8. Manufacturer & Distributor List (Top 5)
7.2.9. Economic Impact Study on Europe Microdisplay Market
- Asia Pacific Microdisplay Market, 2017-2030
8.1. Asia Pacific Microdisplay Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.1.2. Consumption
8.1.2.1. By Volume (Number of Units)
8.2. Asia Pacific Microdisplay Market Share & Forecast, 2017-2030
8.2.1. By Type
8.2.1.1. Reflective
8.2.1.2. Transmissive
8.2.2. By Product
8.2.2.1. Near-to-Eye devices
8.2.2.1.1. Head-mounted display (HMD)
8.2.2.1.2. Head-up display (HUD)
8.2.2.1.3. Electronic viewfinder (EVF)
8.2.2.2. Projector
8.2.2.3. Others
8.2.3. By Technology
8.2.3.1. Organic Light-Emitting Diode (OLED)
8.2.3.2. Liquid Crystal on Silicon (LCoS)
8.2.3.3. Liquid Crystal Displays (LCD)
8.2.3.4. Digital Light Processing (DLP)
8.2.4. By End-User Industry
8.2.4.1. Consumer Electronics
8.2.4.2. Healthcare
8.2.4.3. Military, Defense and Aerospace
8.2.4.4. Automotive
8.2.4.5. Retail
8.2.4.6. Entertainment
8.2.4.7. Industrial
8.2.4.8. Others
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Australia
8.2.5.5. Rest of Asia pacific
8.2.6. By Price Point Analysis
8.2.7. Company Market Share (Top 3-5)
8.2.8. Manufacturer & Distributor List (Top 5)
8.2.9. Economic Impact Study on Asia-Pacific Microdisplay Market
- The Middle East & Africa Microdisplay Market, 2017-2030
9.1. The Middle East & Africa Microdisplay Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.1.2. Consumption
9.1.2.1. By Volume (Number of Units)
9.2. The Middle East & Africa Microdisplay Market Share & Forecast, 2017-2030
9.2.1. By Type
9.2.1.1. Reflective
9.2.1.2. Transmissive
9.2.2. By Product
9.2.2.1. Near-to-Eye devices
9.2.2.1.1. Head-mounted display (HMD)
9.2.2.1.2. Head-up display (HUD)
9.2.2.1.3. Electronic viewfinder (EVF)
9.2.2.2. Projector
9.2.2.3. Others
9.2.3. By Technology
9.2.3.1. Organic Light-Emitting Diode (OLED)
9.2.3.2. Liquid Crystal on Silicon (LCoS)
9.2.3.3. Liquid Crystal Displays (LCD)
9.2.3.4. Digital Light Processing (DLP)
9.2.4. By End-User Industry
9.2.4.1. Consumer Electronics
9.2.4.2. Healthcare
9.2.4.3. Military, Defense and Aerospace
9.2.4.4. Automotive
9.2.4.5. Retail
9.2.4.6. Entertainment
9.2.4.7. Industrial
9.2.4.8. Others
9.2.5. By Country
9.2.5.1. Saudi Arabia
9.2.5.2. UAE
9.2.5.3. South Africa
9.2.5.4. Rest of The Middle East & Africa
9.2.6. By Price Point Analysis
9.2.7. Company Market Share (Top 3-5)
9.2.8. Manufacturer & Distributor List (Top 5)
9.2.9. Economic Impact Study on The Middle East & Africa Microdisplay Market
- South America Microdisplay Market, 2017-2030
10.1. South America Microdisplay Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.1.2. Consumption
10.1.2.1. By Volume (Number of Units)
10.2. South America Microdisplay Market Share & Forecast, 2017-2030
10.2.1. By Type
10.2.1.1. Reflective
10.2.1.2. Transmissive
10.2.2. By Product
10.2.2.1. Near-to-Eye devices
10.2.2.1.1. Head-mounted display (HMD)
10.2.2.1.2. Head-up display (HUD)
10.2.2.1.3. Electronic viewfinder (EVF)
10.2.2.2. Projector
10.2.2.3. Others
10.2.3. By Technology
10.2.3.1. Organic Light-Emitting Diode (OLED)
10.2.3.2. Liquid Crystal on Silicon (LCoS)
10.2.3.3. Liquid Crystal Displays (LCD)
10.2.3.4. Digital Light Processing (DLP)
10.2.4. By End-User Industry
10.2.4.1. Consumer Electronics
10.2.4.2. Healthcare
10.2.4.3. Military, Defense and Aerospace
10.2.4.4. Automotive
10.2.4.5. Retail
10.2.4.6. Entertainment
10.2.4.7. Industrial
10.2.4.8. Others
10.2.5. By Country
10.2.5.1. Brazil
10.2.5.2. Argentina
10.2.5.3. Rest of South America
10.2.6. By Price Point Analysis
10.2.7. Company Market Share (Top 3-5)
10.2.8. Manufacturer & Distributor List (Top 5)
10.2.9. Economic Impact Study on South America Microdisplay Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. AU Optronics Corp
11.7.2. eMagin Corporation
11.7.3. Himax Technology Inc.
11.7.4. KopIn Corporation Inc.
11.7.5. LG Display Co. Ltd
11.7.6. Microvision Inc.
11.7.7. Omnivision Technologies, Inc.
11.7.8. Sony Corporation
11.7.9. Syndiant Inc.
11.7.10. Seiko Epson Corporation
11.7.11. Yunnan OLiGHTEK Opto-Electronic Technology
11.7.12. HOLOEYE Photonics AG
11.7.13. WiseChip Semiconductor
11.7.14. Raystar Optronics
11.7.15. Universal Display Corporation
11.7.16. Other players
Frequently Asked Questions(FAQ)
The global microdisplay market size was valued at USD 1.3 billion in 2022. It is projected to generate USD 7.8 billion by 2030, at a CAGR of 18.64 % from 2022 to 2030.
The rising popularity of AR/VR technology and increasing demand for microdisplays across the globe is expected to witness remarkable growth in the market.
Companies such as AU Optronics Corp, eMagin Corporation, Himax Technology Inc., KopIn Corporation Inc., LG Display Co. Ltd, Microvision Inc., Omnivision Technologies, Inc., Sony Corporation, Syndiant Inc., Seiko Epson Corporation, Yunnan OLiGHTEK Opto-Electronic Technology, HOLOEYE Photonics AG, WiseChip Semiconductor, Raystar Optronics, and Universal Display Corporation are the key players in the global microdisplay market.
North America is estimated to project considerable growth over 2022-2030
