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Microdisplay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1362
Year End
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Market Overview:
The global microdisplay market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.
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Report Attribute
|
Key Statistics
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|---|---|
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Base Year
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2022
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|
Forecast Years
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2023-2028
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Historical Years
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2017-2022
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Microdisplay Market Size in 2022
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US$ 2.0 Billion |
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Microdisplay Market Forecast in 2028
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US$ 6.0 Billion |
| Microdisplay Market Growth Rate (2023-2028) |
19.6%
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A microdisplay is a small-sized screen with a diagonal size of less than two inches. It is commonly used in rear-projection televisions (TVs), head-mounted displays (HMDs), head-up displays (HUDs), data projectors, and Near-To-Eye (NTE) devices and as viewfinders in digital cameras. It can either be transmissive or reflective type depending upon the mode of transmission of light through the display unit. Reflective microdisplays are used in Digital Light Processing (DLP) projectors, whereas transmissive microdisplays are used in backlit laptop computer screens.
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Some of the chief characteristics of microdisplays include high resolution, excellent picture quality, low power consumption and compact size. Owing to these advantages, they find wide applications across industries such as military and defense, consumer electronics and healthcare. The increasing popularity of augmented/virtual reality (AR/VR) and the development of high-definition and ultra-high-definition microdisplay screens are among the critical factors driving the demand for microdisplays in these industries. For instance, AR and VR headsets require highly advanced microdisplays to offer the best performance to the user. Additionally, there is an increasing demand for lightweight and compact VR glasses which are made using large-area microdisplays. Apart from this, HMDs are extensively used in the gaming, sports and entertainment sectors in products such as TV sets, tablets, smartphones and cameras, thus further catalyzing the demand for these screens.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global microdisplay market report, along with forecasts at the global and regional level 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:
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- 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 Region:
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- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the leading players being Kopin Corporation, Himax Technologies, Inc, eMagin Corporation, WiseChip Semiconductor Inc, Microtips Technology, LLC, Universal Display Corporation, Sony Semiconductor Solutions Corporation, Micron Technology Inc., LG Display Co. Ltd., Seiko Epson Corporation, Yunnan Olightek Opto-Electronic Technology Co., Ltd, Jasper Display Corp., etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product, Technology, Resolution, Brightness, End User, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Kopin Corporation, Himax Technologies, Inc, eMagin Corporation, WiseChip Semiconductor Inc, Microtips Technology, LLC, Universal Display Corporation, Sony Semiconductor Solutions Corporation, Micron Technology Inc., LG Display Co. Ltd., Seiko Epson Corporation, Yunnan Olightek Opto-Electronic Technology Co., Ltd and Jasper Display Corp |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global microdisplay market was valued at US$ 2.0 Billion in 2022.
We expect the global microdisplay market to exhibit a CAGR of 19.6% during 2023-2028.
The rising demand for microdisplays across numerous end-use industries, such as military and defense, consumer electronics, healthcare, etc., owing to their various properties, including high resolution, excellent picture quality, low power consumption, and compact size, is primarily driving the global microdisplay market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of manufacturing units for microdisplays.
Based on the product, the global microdisplay market can bifurcated into Near-To-Eye (NTE) devices, Head-Up Display (HUD), projector, and others, where projector currently holds the majority of the total market share.
Based on the technology, the global microdisplay market has been segregated into Liquid Crystal Display (LCD), Liquid Crystal on Silicon (LCOS), Organic Light-Emitting Diode (OLED), and Digital Light Processing (DLP). Currently, Liquid Crystal Display (LCD) exhibits a clear dominance in the market.
Based on the resolution, the global microdisplay market can be categorized into lower than HD, HD, FHD, and higher than FHD. Among these, HD currently accounts for the majority of the global market share.
Based on the brightness, the global microdisplay market has been segmented into less than 500 Nits, 500-1000 Nits, and more than 1000 Nits. Currently, less than 500 Nits hold the largest market share.
Based on the end-user, the global microdisplay market can be divided into consumer, industrial and enterprise, automotive, military, defense, and aerospace, sports and entertainment, retail and hospitality, medical, education, and others. Among these, the military, defense and aerospace sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global microdisplay market include Kopin Corporation, Himax Technologies, Inc, eMagin Corporation, WiseChip Semiconductor Inc, Microtips Technology, LLC, Universal Display Corporation, Sony Semiconductor Solutions Corporation, Micron Technology Inc., LG Display Co. Ltd., Seiko Epson Corporation, Yunnan Olightek Opto-Electronic Technology Co., Ltd, Jasper Display Corp., etc.
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