Asia Pacific Microdisplay Market

Market Overview:

The Asia Pacific microdisplay market size reached US$ 510 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,665 Million by 2028, exhibiting a growth rate (CAGR) of 20.7% during 2023-2028.

Microdisplays are miniature display units with a microlevel resolution and diagonal screen size of less than two inches. They are mainly found in two variants: transmissive and reflective displays. The transmissive microdisplays enable the light to pass through the display without reflection. Whereas in reflective microdisplays, the image is formed when the light is diverted into the projection path. They are commonly used in rear-projection TVs and backlit laptop computer screens as they create large images from a lightweight and small unit. Microdisplays can also integrate drivers with display chip and offer reduced manufacturing costs and power dissipation than the conventional direct-view displays like CRT and flat-panel LCDs.

The Asia Pacific microdisplay market is primarily driven by their increasing applications in industries ranging from aerospace, medical and consumer electronics to defense and military. Microdisplays are widely utilized in the consumer electronics industry for the manufacturing of smartwatches and smart fitness bands, especially in countries such as Japan, South Korea and China. Besides this, due to the need to improve flexibility in defense-related operations, the adoption of electronic systems such as HMDs for effective and real-time information gathering has increased. Additionally, the introduction of the organic light-emitting diode (OLED) on silicon technology is also providing a significant impact on the market growth. This technology offers an improved image quality through high-resolution, bidirectional, and ultra-low power microdisplays. Moreover, the rising popularity of high-resolution display devices and the growing demand for advanced consumer electronics like smart glasses, viewfinders in digital cameras, smartphones, and head-mounted displays are also contributing to the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific microdisplay market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on product, technology, resolution, brightness and end user.

Breakup by Product:

• Near-To-Eye (NTE) Devices
• Head-Up Display (HUD)
• Projector
• Others
   

Breakup by Technology:

• Liquid Crystal Display (LCD)
• Liquid Crystal on Silicon (LCOS)
• Organic Light-Emitting Diode (OLED)
• Digital Light Processing (DLP)
   

Breakup by Resolution:

• Lower Than HD
• HD
• FHD
• Higher Than FHD
   

Breakup by Brightness:

• Less Than 500 Nits
• 500–1,000 Nits
• More Than 1,000 Nits
   

Breakup by End User:

• Consumer
• Industrial and Enterprise
• Automotive
• Military, Defense, and Aerospace
• Sports and Entertainment
• Retail and Hospitality
• Medical
• Education
• Others
   

Breakup by Country:

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Asia Pacific microdisplay market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Asia Pacific microdisplay market?
• What are the key regional markets?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the technology?
• What is the breakup of the market based on the resolution?
• What is the breakup of the market based on the brightness?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Asia Pacific microdisplay market and who are the key players?
• What is the degree of competition in the industry?