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Microdisplay Market by Product (HMDs, HUDs, Cameras/EVFs, Projectors), Technology (OLED, LCoS, LCD), Vertical (Consumer, Industrial & Enterprise, Automotive, Retail & Hospitality, Medical), Resolution and Brightness, and Region - Global Forecast to 2028

May 2023 | 201 pages | ID: GC4057847AEEN
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The global microdisplay market was valued at USD 1.1 billion in 2023 and is projected to reach USD 3.2 billion by 2028; it is expected to register a CAGR of 23.7% during the forecast period. During the anticipated period, the microdisplay market's OLED segment is expected to experience significant growth. The rapid rate of adoption of these displays with advanced capabilities and their use in HMDs can be attributed for the segment's expansion. As OLED technology delivers better power, quicker response times, and more color options, OLED microdisplays are being employed in AR HMDs more frequently. OLED displays for HMDs have been introduced by a number of microdisplay manufacturers, including Kopin Corporation (US), Samsung Electronics (South Korea), and Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China).

Higher FHD segment is projected to grow at higher CAGR during forecast period

The market for higher FHD is projected to grow at a higher CAGR during the forecast period. A standard FHD resolution is characterized by 1,920 pixels horizontally and 1,080 pixels vertically on displays. Fraunhofer FEP demonstrated a curved OLED microdisplay panel at the Society for Information Display (SID) held in the US in 2018. This curved OLED microdisplay is of 1-inch diagonally and has a resolution of 1200x1920. The panel was developed under the LOMID project funded by the European Union.

NTE Devices to register growth at higher CAGR

NTE Devices is expected to experience the higher CAGR during the forecast period. OLED technology-based microdisplays are increasingly used in NTE devices as OLED technology offers improved power efficiency, fast response, and increased colors. The SVGA+ Rev3 OLED?XL microdisplay is a power-efficient OLED display solution provided by eMagin Corporation for near?eye personal viewer applications. Asia Pacific is expected to continue witnessing the highest demand for microdisplays to be deployed in NTE devices during the forecast period owing to the presence of key EVF vendors in Japan.

Automotive segment is likely to grow at higher CAGR

Automotive segment is likely to experience the highest CAGR during the forecast period. The rising adoption of AR technology has made it possible for automakers to provide consumers an extensive lineup of AR HUD models with their specifications. HUDs directly project important information into drivers' lines of sight. They are popular vehicle gadgets because they enable drivers to access directions, answer calls and texts, and manage music without taking their eyes off the road. HOLOEYE Photonics AG, WiseChip Semiconductor, and Himax Technologies, Inc are a few players who offer microdisplays for automotive applications.

North America to register growth at highest CAGR

North America is expected to witness the second highest CAGR during the forecast period. The growth of the microdisplay market in North America can be attributed to the increasing availability of advanced devices, such as head-mounted displays (HMD). This has led to their use in several AR and VR applications in consumer-centric, healthcare, aerospace & defense, and industrial sectors for simulation, training, and maintenance purposes. The projectors in the North American region have witnessed high penetration in the education sector for teaching purposes and the consumer sector for entertainment. In addition, these microdisplay-based projectors are witnessing increasing adoption in the commercial and business sectors for promotions and presentation purposes, respectively. Some of the manufacturers of microdisplays in North America include Kopin Corporation (US), eMagin Corporation (US), Liteye (US), OMNIVISION (US), and MicroVision (US).

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
  • By Company Type - Tier 1 – 25%, Tier 2 – 40%, Tier 3 – 35%
  • By Designation— C-level Executives - 75%, Managers - 25%
  • By Region—North America - 40%, Europe - 23%, Asia Pacific - 26%, RoW - 11%
The microdisplay market is dominated by a few globally established players such as Sony Group Corporation; Seiko Epson Corporation; eMagin Corporation; Kopin Corporation; Himax Technologies, Inc. The study includes an in-depth competitive analysis of these key players in the microdisplay market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the microdisplay market and forecasts its product, by resolution and brightness, by vertical, by technology, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the microdisplay ecosystem

Key Benefits to Buy the Report:
  • Analysis Of key drivers (Increasing demand for microdisplays in wearable devices, Evolving microdisplays in terms of size and technologies, Increasing demand for AR devices in healthcare applications, Rising adoption of HMDs in different industries, Growing demand for OLED microdisplays). Restraint (Saturation of markets for digital cameras and projectors, High manufacturing costs of microdisplays). Opportunity (Adoption of microdisplays in aerospace and defense sector, Increase in demand for medical displays, Presence of key players in Asia Pacific). Challenges (Development of power-efficient microdisplays with high-resolution and brightness, Reduction in display latency).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the microdisplay market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the microdisplay market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the microdisplay market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Sony Group Corporation; Seiko Epson Corporation; eMagin Corporation; Kopin Corporation; Himax Technologies, Inc. among others in the microdisplay market.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 DEFINITION
  1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
FIGURE 1 MICRODISPLAY MARKET SEGMENTATION
  1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
  1.8.1 RECESSION IMPACT

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 2 MICRODISPLAY MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 3 MICRODISPLAY MARKET: RESEARCH DESIGN
  2.1.1 SECONDARY AND PRIMARY RESEARCH
    2.1.1.1 Secondary data
      2.1.1.1.1 Major secondary sources
      2.1.1.1.2 Key data from secondary sources
    2.1.1.2 Primary data
      2.1.1.2.1 Breakdown of primaries
      2.1.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
FIGURE 4 BOTTOM-UP APPROACH TO ARRIVE AT MARKET SIZE
    2.2.1.1 Approach for arriving at market size using bottom-up analysis (demand side)
FIGURE 5 DEMAND-SIDE ANALYSIS: MICRODISPLAY MARKET
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach for arriving at market size using top-down analysis (supply side)
FIGURE 6 TOP-DOWN APPROACH TO ARRIVE AT MARKET SIZE
FIGURE 7 SUPPLY-SIDE ANALYSIS: MICRODISPLAY MARKET (1/2)
FIGURE 8 SUPPLY-SIDE ANALYSIS: MICRODISPLAY MARKET (2/2)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
2.5 MICRODISPLAY MARKET: RECESSION IMPACT ASSESSMENT
TABLE 2 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON MICRODISPLAY MARKET
2.6 RISK ASSESSMENT
TABLE 3 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY

FIGURE 10 MICRODISPLAY MARKET SIZE, 2019–2028
FIGURE 11 OLED SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 AUTOMOTIVE SEGMENT TO HOLD MAJOR SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
FIGURE 13 MICRODISPLAY MARKET IN NORTH AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MICRODISPLAY MARKET
FIGURE 14 GROWING APPLICATIONS OF NTE DEVICES ACROSS INDUSTRIES TO DRIVE MICRODISPLAY MARKET DURING FORECAST PERIOD
4.2 MICRODISPLAY MARKET, BY PRODUCT
FIGURE 15 NTE DEVICES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
FIGURE 16 OLED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MICRODISPLAY MARKET IN 2028
4.3 MICRODISPLAY MARKET, BY VERTICAL
FIGURE 17 AUTOMOTIVE SEGMENT TO HOLD LARGEST SHARE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
4.4 MICRODISPLAY MARKET, BY COUNTRY
FIGURE 18 MICRODISPLAY MARKET IN US TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 MICRODISPLAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Increasing demand for microdisplays in wearable devices
TABLE 4 DISPLAY TECHNOLOGIES USED IN POPULAR AR AND VR DEVICES
    5.2.1.2 Evolving microdisplays in terms of size and technologies
    5.2.1.3 Increasing demand for AR devices in healthcare applications
    5.2.1.4 Rising adoption of HMDs in different industries
    5.2.1.5 Growing demand for OLED microdisplays
TABLE 5 COMPARISON OF DIFFERENT DISPLAY TECHNOLOGIES
  5.2.2 RESTRAINTS
    5.2.2.1 Saturation of markets for digital cameras and projectors
    5.2.2.2 High manufacturing costs of microdisplays
  5.2.3 OPPORTUNITIES
    5.2.3.1 Adoption of microdisplays in aerospace and defense sector
    5.2.3.2 Increase in demand for medical displays
    5.2.3.3 Presence of key players in Asia Pacific
  5.2.4 CHALLENGES
    5.2.4.1 Development of power-efficient microdisplays with high-resolution and brightness
    5.2.4.2 Reduction in display latency
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 20 MICRODISPLAY MARKET: SUPPLY CHAIN
5.4 DISPLAY MARKET: ECOSYSTEM
5.5 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
  5.5.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
FIGURE 21 REVENUE SHIFT IN MICRODISPLAY MARKET
5.6 TYPES OF MICRODISPLAYS
  5.6.1 REFLECTIVE
  5.6.2 TRANSMISSIVE
5.7 TECHNOLOGY ANALYSIS
TABLE 6 MICRODISPLAY TECHNOLOGY COMPARISON
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 7 MICRODISPLAY MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS
  5.8.1 THREAT OF NEW ENTRANTS
  5.8.2 THREAT OF SUBSTITUTES
  5.8.3 BARGAINING POWER OF SUPPLIERS
  5.8.4 BARGAINING POWER OF BUYERS
  5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
  5.9.2 BUYING CRITERIA
FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
TABLE 9 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.10 CASE STUDIES, BY VERTICAL
  5.10.1 MICRODISPLAYS FOR CONSUMERS
  5.10.2 MICRODISPLAYS FOR AEROSPACE
  5.10.3 MICRODISPLAYS FOR MEDICAL
  5.10.4 MICRODISPLAYS FOR MILITARY AND DEFENSE
  5.10.5 MICRODISPLAYS FOR AUTOMOTIVE
  5.10.6 MICRODISPLAYS IN SPORTS AND ENTERTAINMENT
5.11 PRICING ANALYSIS
  5.11.1 AVERAGE SELLING PRICE TREND, BY PRODUCT
FIGURE 25 MICRODISPLAY MARKET: AVERAGE PRICE FOR PRODUCT
5.12 KEY CONFERENCES AND EVENTS, 2023
TABLE 10 MICRODISPLAY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.13 REGULATORY LANDSCAPE
  5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  5.13.2 STANDARDS AND REGULATIONS
    5.13.2.1 Regulations
    5.13.2.2 Standards

6 MICRODISPLAY MARKET, BY PRODUCT

6.1 INTRODUCTION
FIGURE 26 MICRODISPLAY MARKET, BY PRODUCT
FIGURE 27 NTE DEVICES TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
TABLE 15 MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 16 MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 17 MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (MILLION UNITS)
TABLE 18 MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (MILLION UNITS)
6.2 NEAR-TO-EYE (NTE) DEVICES
TABLE 19 NTE DEVICES: MICRODISPLAY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 20 NTE DEVICES: MICRODISPLAY MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 21 NTE DEVICES: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 22 NTE DEVICES: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
  6.2.1 CAMERAS/ELECTRONIC VIEWFINDERS (EVFS)
    6.2.1.1 Use of EVFs in digital still cameras and video cameras to drive market
TABLE 23 CAMERAS/EVFS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 CAMERAS/EVFS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 25 CAMERAS/EVFS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 26 CAMERAS/EVFS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 27 CAMERAS/EVFS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 28 CAMERAS/EVFS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  6.2.2 HEAD-MOUNTED DISPLAYS (HMDS)
FIGURE 28 ASIA PACIFIC TO HOLD LARGEST SIZE OF MICRODISPLAY MARKET FOR HMDS DURING FORECAST PERIOD
TABLE 29 HMDS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 30 HMDS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 31 HMDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 32 HMDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 33 HMDS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 34 HMDS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
TABLE 35 HMDS: MICRODISPLAY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 36 HMDS: MICRODISPLAY MARKET, BY TYPE, 2023–2028 (USD MILLION)
    6.2.2.1 Augmented reality (AR) HMDs
      6.2.2.1.1 Use of AR HMDs for pre-hospital medical care, clinical nursing care, and medical treatment to fuel market growth
    6.2.2.2 Virtual reality (VR) HMDs
      6.2.2.2.1 Deployment of virtual reality HMDs in gaming and entertainment, healthcare, retail, and eCommerce to boost market
6.3 HEAD-UP DISPLAYS (HUDS)
  6.3.1 DEMAND FOR HEAD-UP DISPLAYS IN AUTOMOTIVE AND AEROSPACE AND DEFENSE SECTORS TO FAVOR MARKET GROWTH
TABLE 37 HUDS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 38 HUDS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 39 HUDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 40 HUDS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 41 HUDS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 42 HUDS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
6.4 PROJECTORS
TABLE 43 PROJECTORS: MICRODISPLAY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 44 PROJECTORS: MICRODISPLAY MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 45 PROJECTORS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 46 PROJECTORS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 47 PROJECTORS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 48 PROJECTORS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 49 PROJECTORS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 50 PROJECTORS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  6.4.1 PICO PROJECTORS
    6.4.1.1 Use of microdisplays in pico projectors to reduce device size to drive demand
  6.4.2 DATA PROJECTORS
    6.4.2.1 Utilization of microdisplays in data projectors to generate image of desired resolution to boost market
6.5 OTHERS
TABLE 51 OTHERS: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 OTHERS: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 OTHERS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 54 OTHERS: MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 55 OTHERS: MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 56 OTHERS: MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)

7 MICRODISPLAY MARKET, BY RESOLUTION AND BRIGHTNESS

7.1 BY RESOLUTION
  7.1.1 INTRODUCTION
FIGURE 29 MICRODISPLAY MARKET, BY RESOLUTION
TABLE 57 MICRODISPLAY RESOLUTION BASED ON DIFFERENT CATEGORIES
FIGURE 30 HIGHER THAN FHD RESOLUTION SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 58 MICRODISPLAY MARKET, BY RESOLUTION, 2019–2022 (USD MILLION)
TABLE 59 MICRODISPLAY MARKET, BY RESOLUTION, 2023–2028 (USD MILLION)
  7.1.2 LOWER THAN HD
    7.1.2.1 Lower than HD microdisplays generally used in HUDs and EVFs
  7.1.3 HD
    7.1.3.1 AR HMDs to drive segmental growth
  7.1.4 FHD
    7.1.4.1 FHD segment projected to hold significant share in microdisplay market by 2028
  7.1.5 HIGHER THAN FHD
    7.1.5.1 Higher than FHD microdisplays mainly used in HMDs
7.2 BY BRIGHTNESS
  7.2.1 INTRODUCTION
FIGURE 31 MICRODISPLAY MARKET, BY BRIGHTNESS
FIGURE 32 500 TO 1,000 NITS BRIGHTNESS SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 60 MICRODISPLAY MARKET, BY BRIGHTNESS, 2019–2022 (USD MILLION)
TABLE 61 MICRODISPLAY MARKET, BY BRIGHTNESS, 2023–2028 (USD MILLION)
  7.2.2 LESS THAN 500 NITS
    7.2.2.1 Use of microdisplays of less than 500 nits in EVFs, HUDs, and HMDs to drive market
  7.2.3 500 TO 1,000 NITS
    7.2.3.1 Microdisplays having 500 to 1,000 nits of brightness increasingly being deployed in indoor and outdoor applications
  7.2.4 MORE THAN 1,000 NITS
    7.2.4.1 Use of microdisplays with more than 1,000 nits of brightness in projectors to fuel market growth

8 MICRODISPLAY MARKET, BY VERTICAL

8.1 INTRODUCTION
FIGURE 33 MICRODISPLAY MARKET, BY VERTICAL
FIGURE 34 RETAIL AND HOSPITALITY SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 62 MICRODISPLAY MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 63 MICRODISPLAY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
8.2 CONSUMER
  8.2.1 INCREASE IN NUMBER OF OEMS TO HELP DRIVE DEMAND FOR MICRODISPLAYS
TABLE 64 CONSUMER: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 65 CONSUMER: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.3 AUTOMOTIVE
  8.3.1 USE OF MICRODISPLAYS IN HUDS AND HMDS IN AUTOMOTIVE INDUSTRY TO BOOST MARKET GROWTH
TABLE 66 AUTOMOTIVE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 67 AUTOMOTIVE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.4 INDUSTRIAL & ENTERPRISE
  8.4.1 MICRODISPLAYS TO WITNESS INCREASED DEMAND FOR DEPLOYMENT IN PROJECTORS AND AR HMDS
TABLE 68 INDUSTRIAL & ENTERPRISE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 69 INDUSTRIAL & ENTERPRISE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.5 MILITARY, DEFENSE, AND AEROSPACE
  8.5.1 HMDS TO LEAD USAGE IN MILITARY, DEFENSE, AND AEROSPACE VERTICAL DURING FORECAST PERIOD
TABLE 70 MILITARY, DEFENSE, AND AEROSPACE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 71 MILITARY, DEFENSE, AND AEROSPACE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.6 RETAIL & HOSPITALITY
  8.6.1 DEPLOYMENT OF AR AND VR TECHNOLOGIES IN FASHION STORES FOR VIRTUAL DESIGNING TO FAVOR MARKET EXPANSION
TABLE 72 RETAIL & HOSPITALITY: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 73 RETAIL & HOSPITALITY: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.7 MEDICAL
  8.7.1 USE OF MICRODISPLAY-BASED HMDS FOR TRAINING, SIMULATION, DATA DISPLAY, AND MICROSURGERY TO DRIVE MARKET
TABLE 74 MEDICAL: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 75 MEDICAL: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.8 EDUCATION
  8.8.1 INCREASED USE OF MICRODISPLAY-BASED DEVICES IN EDUCATION TO FUEL MARKET GROWTH
TABLE 76 EDUCATION: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 77 EDUCATION: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.9 SPORTS & ENTERTAINMENT
  8.9.1 USE OF AR AND VR FOR TRAINING PLAYERS TO FUEL DEMAND FOR AR AND VR HMDS
TABLE 78 SPORTS & ENTERTAINMENT: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 79 SPORTS & ENTERTAINMENT: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
8.10 OTHERS
TABLE 80 OTHERS: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 81 OTHERS: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)

9 MICRODISPLAY MARKET, BY TECHNOLOGY

9.1 INTRODUCTION
FIGURE 35 MICRODISPLAY MARKET, BY TECHNOLOGY
FIGURE 36 OLED SEGMENT OF MICRODISPLAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 82 MICRODISPLAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 83 MICRODISPLAY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
9.2 LIQUID CRYSTAL DISPLAY (LCD)
  9.2.1 LOW VOLTAGE AND POWER CONSUMPTION AND HIGH RESOLUTION AND CONTRAST OF LCD-BASED MICRODISPLAYS TO DRIVE MARKET
TABLE 84 LCD: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 85 LCD: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
9.3 LIQUID CRYSTAL ON SILICON (LCOS)
  9.3.1 ABILITY OF LCOS TECHNOLOGY TO USE NARROWBAND LIGHT SOURCES FOR ILLUMINATION TO PROPEL MARKET GROWTH
TABLE 86 LCOS: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 87 LCOS: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
9.4 ORGANIC LIGHT-EMITTING DIODE (OLED)
  9.4.1 USE OF OLED MICRODISPLAYS IN EVFS, HMDS, AND HUDS TO DRIVE MARKET
TABLE 88 OLED: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 89 OLED: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
9.5 DIGITAL LIGHT PROCESSING (DLP)
  9.5.1 INCREASED BRIGHTNESS, LOW COST, AND HIGH OPTICAL EFFICIENCY OF DLP TECHNOLOGY TO FAVOR MARKET GROWTH
TABLE 90 DLP: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 91 DLP: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)

10 MICRODISPLAY MARKET, BY REGION

10.1 INTRODUCTION
FIGURE 37 MICRODISPLAY MARKET, BY REGION
FIGURE 38 MICRODISPLAY MARKET IN NORTH AMERICA TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
FIGURE 39 ASIA PACIFIC TO ACCOUNT FOR LARGEST SIZE OF MICRODISPLAY MARKET DURING FORECAST PERIOD
TABLE 92 MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 93 MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 40 NORTH AMERICA: MICRODISPLAY MARKET SNAPSHOT
TABLE 94 NORTH AMERICA: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 95 NORTH AMERICA: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 96 NORTH AMERICA: MICRODISPLAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 97 NORTH AMERICA: MICRODISPLAY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  10.2.1 IMPACT OF RECESSION ON NORTH AMERICAN MICRODISPLAY MARKET
  10.2.2 US
    10.2.2.1 Advancements in medical devices and equipment to drive microdisplay market
  10.2.3 CANADA & MEXICO
    10.2.3.1 Adoption of HUDs in automobiles to spur growth of microdisplay market
10.3 EUROPE
FIGURE 41 EUROPE: MICRODISPLAY MARKET SNAPSHOT
TABLE 98 EUROPE: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 99 EUROPE: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 100 EUROPE: MICRODISPLAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 EUROPE: MICRODISPLAY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  10.3.1 IMPACT OF RECESSION ON EUROPEAN MICRODISPLAY MARKET
  10.3.2 GERMANY
    10.3.2.1 Increased penetration of HUDs in automobiles to drive demand for microdisplays
  10.3.3 FRANCE
    10.3.3.1 Rise in export demand for military weapons to contribute to growth of microdisplay market
  10.3.4 UK
    10.3.4.1 Government initiatives to drive growth and transformation of microdisplay manufacturing ecosystem
  10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
FIGURE 42 ASIA PACIFIC: MICRODISPLAY MARKET SNAPSHOT
TABLE 102 ASIA PACIFIC: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 103 ASIA PACIFIC: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 104 ASIA PACIFIC: MICRODISPLAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 105 ASIA PACIFIC: MICRODISPLAY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  10.4.1 IMPACT OF RECESSION ON ASIA PACIFIC MICRODISPLAY MARKET
  10.4.2 CHINA
    10.4.2.1 High demand for consumer electronics to drive market
  10.4.3 JAPAN
    10.4.3.1 Presence of several key vendors of cameras/EVFs and projectors to spur market growth
  10.4.4 SOUTH KOREA
    10.4.4.1 Increase in demand for smartphones, mirrorless cameras, HMDs, and smart wearables to fuel market growth
  10.4.5 TAIWAN
    10.4.5.1 Increasing number of AR and VR startups to drive market growth
  10.4.6 REST OF ASIA PACIFIC
10.5 REST OF THE WORLD (ROW)
TABLE 106 ROW: MICRODISPLAY MARKET, BY PRODUCT, 2019–2022 (USD MILLION)
TABLE 107 ROW: MICRODISPLAY MARKET, BY PRODUCT, 2023–2028 (USD MILLION)
TABLE 108 ROW: MICRODISPLAY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 109 ROW: MICRODISPLAY MARKET, BY REGION, 2023–2028 (USD MILLION)
  10.5.1 IMPACT OF RECESSION ON ROW MICRODISPLAY MARKET
  10.5.2 SOUTH AMERICA
    10.5.2.1 Increase in use of AR and VR technologies in agriculture sector to contribute to demand for HMDs equipped with microdisplays
  10.5.3 MIDDLE EAST & AFRICA
    10.5.3.1 Surge in adoption of HMDs equipped with microdisplays in oil & gas industry to drive market

11 COMPETITIVE LANDSCAPE

11.1 INTRODUCTION
11.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
TABLE 110 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN MICRODISPLAY MARKET
  11.2.1 PRODUCT PORTFOLIO
  11.2.2 REGIONAL FOCUS
  11.2.3 MANUFACTURING FOOTPRINT
  11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
11.3 MARKET SHARE ANALYSIS, 2022
TABLE 111 MICRODISPLAY MARKET: DEGREE OF COMPETITION, 2022
11.4 KEY COMPANY EVALUATION QUADRANT
  11.4.1 STARS
  11.4.2 EMERGING LEADERS
  11.4.3 PERVASIVE PLAYERS
  11.4.4 PARTICIPANTS
FIGURE 43 COMPANY EVALUATION QUADRANT: MICRODISPLAY MARKET, 2022
11.5 COMPETITIVE SCENARIOS AND TRENDS
  11.5.1 MICRODISPLAY MARKET: PRODUCT LAUNCHES, 2020–2023
  11.5.2 MICRODISPLAY MARKET: DEALS, 2020–2023

12 COMPANY PROFILES

(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS
  12.1.1 SONY GROUP CORPORATION
TABLE 112 SONY GROUP CORPORATION: COMPANY OVERVIEW
FIGURE 44 SONY GROUP CORPORATION: COMPANY SNAPSHOT
TABLE 113 SONY GROUP CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 114 SONY GROUP CORPORATION: PRODUCT LAUNCHES
TABLE 115 SONY GROUP CORPORATION: DEALS
TABLE 116 SONY GROUP CORPORATION: OTHERS
  12.1.2 SEIKO EPSON CORPORATION
TABLE 117 SEIKO EPSON CORPORATION: COMPANY OVERVIEW
FIGURE 45 SEIKO EPSON CORPORATION: COMPANY SNAPSHOT
TABLE 118 SEIKO EPSON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 119 SEIKO EPSON CORPORATION: PRODUCT LAUNCHES
TABLE 120 SEIKO EPSON CORPORATION: DEALS
  12.1.3 EMAGIN CORPORATION
TABLE 121 EMAGIN CORPORATION: COMPANY OVERVIEW
FIGURE 46 EMAGIN CORPORATION: COMPANY SNAPSHOT
TABLE 122 EMAGIN CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 123 EMAGIN CORPORATION: PRODUCT LAUNCHES
TABLE 124 EMAGIN CORPORATION: DEALS
TABLE 125 EMAGIN CORPORATION: OTHERS
  12.1.4 KOPIN CORPORATION
TABLE 126 KOPIN CORPORATION: COMPANY OVERVIEW
FIGURE 47 KOPIN CORPORATION: COMPANY SNAPSHOT
TABLE 127 KOPIN CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 128 KOPIN CORPORATION: PRODUCT LAUNCHES
TABLE 129 KOPIN CORPORATION: DEALS
TABLE 130 KOPIN CORPORATION: OTHERS
  12.1.5 HIMAX TECHNOLOGIES, INC.
TABLE 131 HIMAX TECHNOLOGIES, INC.: COMPANY OVERVIEW
FIGURE 48 HIMAX TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 132 HIMAX TECHNOLOGIES, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 133 HIMAX TECHNOLOGIES, INC.: DEALS
  12.1.6 HOLOEYE PHOTONICS
TABLE 134 HOLOEYE PHOTONICS: COMPANY OVERVIEW
TABLE 135 HOLOEYE PHOTONICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 136 HOLOEYE PHOTONICS: PRODUCT LAUNCHES
  12.1.7 WISECHIP SEMICONDUCTOR
TABLE 137 WISECHIP SEMICONDUCTOR: COMPANY OVERVIEW
TABLE 138 WISECHIP SEMICONDUCTOR: PRODUCTS/SERVICES/SOLUTIONS OFFERED
  12.1.8 RAYSTAR OPTRONICS
TABLE 139 RAYSTAR OPTRONICS: COMPANY OVERVIEW
TABLE 140 RAYSTAR OPTRONICS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 141 RAYSTAR OPTRONICS: PRODUCT LAUNCHES
  12.1.9 WINSTAR DISPLAY
TABLE 142 WINSTAR DISPLAY: COMPANY OVERVIEW
TABLE 143 WINSTAR DISPLAY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 144 WINSTAR DISPLAY: PRODUCT LAUNCHES
  12.1.10 YUNNAN OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY
TABLE 145 YUNNAN OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY: COMPANY OVERVIEW
TABLE 146 YUNNAN OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY: PRODUCTS/ SERVICES/SOLUTIONS OFFERED
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12.2 OTHER KEY PLAYERS
  12.2.1 OMNIVISION
  12.2.2 SYNDIANT
  12.2.3 MICROOLED TECHNOLOGIES
  12.2.4 VUEREAL
  12.2.5 MICROVISION
  12.2.6 JASPER DISPLAY CORP.
  12.2.7 BOE TECHNOLOGY GROUP CO., LTD.
  12.2.8 JBD
  12.2.9 RAONTECH
  12.2.10 LITEYE
  12.2.11 SILICON MICRO DISPLAY (SMD)
  12.2.12 SHENZHEN ANPO INTELLIGENCE TECHNOLOGY CO., LTD.
  12.2.13 COMPOUND PHOTONICS
  12.2.14 CINOPTICS
  12.2.15 LUMIODE

13 APPENDIX

13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS


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