Microdisplay Market worth $3.0 billion in 2029 – Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 16, 2024 /PRNewswire/ — The microdisplay market is expected to reach USD 3.0 billion in 2029 from USD 1.3 billion in 2024, expanding at a CAGR of 18.2% during the forecast period according to a new report by MarketsandMarkets™. The increase in demand for microdisplays is due to the integration of displays into various devices such as wearables and near-to-eye devices. The market may grow due to factors such as technological improvements in microdisplays such as MicroLED and OLEDoS technology, miniaturization trend in consumer electronics, increased usage of HMDs across a number of sectors, and growing global adoption of ADAS and HUDs in automotive sector.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=430

Browse in-depth TOC on “Microdisplay Market” 

100 – Tables
60 – Figures
250 – Pages

Microdisplay Market Report Scope:

NTE segment likely to lead the product segment during the forecast period.

The-NTE-devices-is projected to hold major-market-share-of-the-microdisplay-market-in-2029. NTE-devices include cameras, EVFs, and Head-Mounted Displays (HMDs). These devices are small, portable, and lightweight. They are equipped with microdisplays that point to the elements to be identified or viewed. Microdisplays are becoming more popular for use in applications involving cameras and electronic viewfinders (EVFs) than head-mounted displays. AR Head-Mounted Displays (HMDs) have been employed in pre-hospital care, clinical nursing, and inpatient medical therapy. While AR HMDs use microdisplays to reduce device size and enhance battery efficiency, VR HMDs provide users with computer-generated experiences within simulated environment. VR headsets are employed in various areas, including healthcare, retail, gaming and entertainment, and e-commerce.

Higher than FHD and 500 to 1000 nits’ segment are expected to expand at the highest CAGR in the resolution & brightness segment.

The higher than FHD segment of the microdisplay market is forecast to have the most rapid growth in terms of CAGRs by 2029. Head-mounted displays often use microdisplays in this segment due to their immersive experiences and enhanced image quality. Higher FHD microdisplays have resolutions greater than 1920×1080. Also, in the brightness segment, the 500 to 1000 units on microdisplay market is likely to expand at highest CAGR during 2024 to 2029 periods. This growth trend has been attributed to increasing use of microdisplays in head-mounted devices and heads-up displays within a brightness range of 500-1000 nits.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=430

Asia Pacific is estimated to account for the largest market share in the global microdisplay market by 2029.

Asia Pacific is projected to lead the microdispaly industry from 2024 to 2029. In addition to the fact that Japan is home to several prominent EVF vendors, Asia-Pacific is expected to continue to have the highest demand for microdisplays to be used in NTE devices during the projected timeframe. Major camera manufacturers are based in Asia Pacific region. For instance, Canon, Nikon, and Sony together comprises of more than 90% of the camera market. As a result, Japan’s demand for microdisplays fuels expansion in the microdisplay market throughout the region. Furthermore, Asia Pacific is predicted to be the largest LCD microdisplay market from 2024 to 2029. LCD microdisplays are in high demand in cameras, EVFs, and projectors, with the majority of vendors located in this region. The market in this region is predicted to grow rapidly, driven mostly by growing economies and an increasing number of small- and medium-sized enterprises, as well as government-imposed digital transformation regulations.

Key Players

Seiko Epson Corporation (Japan), SeeYA Technology (China), Sony Group Corporation (Japan), Kopin Corporation (US), Himax Technologies, Inc. (Taiwan), and HOLOEYE Photonics AG (Germany) are some of the major companies in the microdisplay companies.  

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=430

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Augmented and Virtual Reality Market by Enterprise, Technology (Augmented Reality, Virtual Reality), Offering (Hardware, Software), Device Type (HMDs, HUDs, Gesture Tracking Devices), Application and Region – Global Forecast to 2029

Micro-LED Market Size, Share, Industry Growth, Trends & Analysis by Application (Display (Smartwatch, NTE Device, Smartphone and Tablet, Television, Digital Signage), Lighting (General, Automotive)), Display Panel Size, Vertical and Region 2027

Volumetric Video Market by Volumetric Capture (Hardware, Software, Service), Content Delivery, Application (Sports, Events & Entertainment, Medical, Education & Training, Signage & Advertisement) and Region – Global Forecast to 2028

DLP Projector Market by Light Source (Lamp, LED, and Laser), Chip Model, by Brightness, Throw Distance (Normal Throw, Short Throw, and Ultra-short Throw), Application, and by Geography (The Americas, Europe, APAC, and RoW) – Global Forecast to 2020

AR and VR Display Market by Device Type (AR HMDs, VR HMDs, AR HUDs, VR Projectors), Technology, Display Technology (LCD, OLED, Micro-LED), Application (Consumer, Commercial, Enterprise, Healthcare, Aerospace & Defense) & Region – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/micro-displays-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/microdisplay.asp

Logo: https://digitalmedianet.com/wp-content/uploads/2024/08/MarketsandMarkets-2.jpg 

View original content:https://www.prnewswire.com/news-releases/microdisplay-market-worth-3-0-billion-in-2029—exclusive-report-by-marketsandmarkets-302224200.html

SOURCE MarketsandMarkets