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Virtual Retinal Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global virtual retinal display market size reached US$ 10.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 77.91 Billion by 2027, exhibiting a growth rate (CAGR) of 36.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A virtual retinal display (VRD) refers to a head-mounted display device that utilizes low-energy lasers to directly show a picture onto the human retina. It offers user with the illusion of watching a standard-sized display floating several feet away. A virtual retinal display provides numerous benefits, such as enhanced brightness, high contrast, improved resolution, and low power consumption. As a result, it finds a wide range of applications across numerous industries, including healthcare, military, aviation and tactical, engineering, gaming and entertainment, sports, etc.

Virtual Retinal Display Market Trends:

The increasing demand for enhanced user experience, better content connectivity, and improved Field of View (FoV) while maintaining high levels of privacy is primarily driving the global virtual retinal display market. In addition to this, the rising adoption of virtual and augmented reality in the gaming sector along with the growing integration of VRD with gaming consoles, smartphones, and laptops is further propelling the market growth. Moreover, the widespread utilization of VRD in the healthcare sector with potential applications in therapeutics and surgical procedures is acting as a significant growth-inducing factor. Additionally, the elevating employment of VRD in the engineering industry for providing field employees with access to crucial information, including operational protocols and circuit diagrams, in real-time is also augmenting the growth of the market. Besides this, the expanding usage of VRD in training and simulation activities in the aerospace sector as it saves costs by mimicking the experience and eliminates the requirement for physical setup, is positively influencing the market growth. Furthermore, the extensive R&D activities for the introduction of advanced VRD technology that offers radiation protection to mitigate any health risk are also propelling the global market. In the coming years, the emerging popularity of lightweight and compact devices that create images with high resolution and in real-time is expected to drive the global virtual retinal display market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global virtual retinal display market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology and application.

Breakup by Technology:

  • Optics
  • Driver and Controller Electronics
  • Light Source
  • Others
     

Breakup by Application:

  • Aerospace
  • Medical
  • Gaming and Entertainment
  • Sports
  • Training and Simulation
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Avegant Corp., Himax Technologies Inc., Innovega Inc., Magic Leap Inc., Omnivision Technologies Inc., Optinvent, QD Laser and Vuzix Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Avegant Corp., Himax Technologies Inc., Innovega Inc., Magic Leap Inc., Omnivision Technologies Inc., Optinvent, QD Laser and Vuzix Corporation.
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)

 

Key Questions Answered in This Report:

  • How has the global virtual retinal display market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global virtual retinal display market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • 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 global virtual retinal display market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Virtual Retinal Display Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Technology
    6.1    Optics
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Driver and Controller Electronics
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Light Source
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Aerospace
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Medical
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Gaming and Entertainment
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Sports
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Training and Simulation
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Avegant Corp.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    Himax Technologies Inc.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Innovega Inc.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    Magic Leap Inc.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Omnivision Technologies Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6    Optinvent
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    QD Laser
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
        13.3.8    Vuzix Corporation
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials

List of Figures

Figure 1: Global: Virtual Retinal Display Market: Major Drivers and Challenges
Figure 2: Global: Virtual Retinal Display Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Virtual Retinal Display Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Virtual Retinal Display Market: Breakup by Technology (in %), 2021
Figure 5: Global: Virtual Retinal Display Market: Breakup by Application (in %), 2021
Figure 6: Global: Virtual Retinal Display Market: Breakup by Region (in %), 2021
Figure 7: Global: Virtual Retinal Display (Optics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Virtual Retinal Display (Optics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Virtual Retinal Display (Driver and Controller Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Virtual Retinal Display (Driver and Controller Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Virtual Retinal Display (Light Source) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Virtual Retinal Display (Light Source) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Virtual Retinal Display (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Virtual Retinal Display (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Virtual Retinal Display (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Virtual Retinal Display (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Virtual Retinal Display (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Virtual Retinal Display (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Virtual Retinal Display (Gaming and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Virtual Retinal Display (Gaming and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Virtual Retinal Display (Sports) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Virtual Retinal Display (Sports) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Virtual Retinal Display (Training and Simulation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Virtual Retinal Display (Training and Simulation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Virtual Retinal Display (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Virtual Retinal Display (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Virtual Retinal Display Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Virtual Retinal Display Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: Virtual Retinal Display Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Virtual Retinal Display Industry: SWOT Analysis
Figure 77: Global: Virtual Retinal Display Industry: Value Chain Analysis
Figure 78: Global: Virtual Retinal Display Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Virtual Retinal Display Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Virtual Retinal Display Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Virtual Retinal Display Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Virtual Retinal Display Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Virtual Retinal Display Market: Competitive Structure
Table 6: Global: Virtual Retinal Display Market: Key Players


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