Micro-Display Market to see Huge Growth by 2028
The global micro-display market is estimated to grow at a significant CAGR during the forecast period. Compact size, technical advancements in micro-display, rising demand for OLED micro-display, expanding use of micro-display in advanced driver-assistance systems (ADAS), and other factors are driving the global micro-display market. Near-to-Eye (NTE) displays and head-mounted displays (HMD) for immersive gaming, AR, military training, VR and simulation depend heavily on micro-displays. Because of many advantages such as differentiating shape, thinner, lighter, immersive screens and more durable, advanced micro-display technology is estimated to lead the next-generation applications in the consumer electronics market. Furthermore, the growing demand for micro-displays in wearables such as smartwatches is boosting the market growth.
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The micro-display market has benefited from the
evolution of digital cameras. Customer demand for a display with a clearer
image, a wider viewing angle, and the ability to overcome any limits has
assisted the OLED micro-display in capturing the market. Consumer demand for
innovative and luxurious products has increased as disposable income has
increased. The development of new display technologies has resulted in
entertainment becoming a platform for these products. Virtual reality and
digital cameras, for example, are gaining popularity among consumers.
Consumer electronics, such as virtual reality
headsets, are becoming more popular. For a better gaming experience, young
people are increasingly adopting VR headsets that are compatible with
smartphones and other devices. VR headsets are also available from smartphone
manufacturers like Samsung and HTC when users buy a new phone. The market is
expected to grow due to the increasing adoption of virtual reality gaming
headsets, as well as shifting consumer preferences toward the miniaturisation
of electronic devices to make them more convenient and portable.
For instance, in January 2020, Sony Corporation
unveils its first TVs for 2020, including the 48-inch Master Series A9S, the
company's smallest 4K OLED to date.
Market Coverage
•
The market number available for – 2021-2028
•
Base year- 2021
•
Forecast period- 2022-2028
Segment Covered-
·
By Type
·
By Technology
·
By End-User
•
Competitive Landscape- EMagin Corp., Kopin Corp.,
Sony Corp., Seiko Epson Corp., and WINSTAR Display Co., Ltd., among others.
A
full Report of Micro-Display Market is Available @ https://www.omrglobal.com/industry-reports/micro-display-market-share
Micro-Display Market by Segment
By Type
•
Projectors
•
Near-to-Eye (NTE) Display
•
Others
By Technology
•
OLED
•
LCD
•
LCOS
•
DLP
•
Others
By End-User
·
Automotive
·
Consumer Electronics
·
Military & Defence
·
Others
Micro-Display Market by Region
· United
States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest
of Europe
Asia-Pacific
· India
· China
· Japan
· South
Korea
· Rest
of APAC
Rest of the World
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