Microdisplay Report: Trends, Forecast and Competitive Analysis to 2030

Microdisplay Trends and Forecast

The future of the global microdisplay market looks promising with opportunities in the consumer electronic, military & defense, medical, industrial system, and automotive markets. The global microdisplay market is expected to reach an estimated $5.6 billion by 2030 with a CAGR of 21.5% from 2024 to 2030. The major drivers for this market are growing demand of wearable devices, increasing adoption of HMDs in different industries, and rising penetration of ADAS and HUDs in vehicles.

A more than 150-page report is developed to help in your business decisions.

Microdisplay by Segment

The study includes a forecast for the global microdisplay by type, technology, application, and region

Microdisplay Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Near-To-Eye
• Projection

Microdisplay Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

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

Microdisplay Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Consumer Electronics
• Military & Defense
• Medical Applications
• Industrial Systems
• Automotive
• Others

Microdisplay Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Microdisplay Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microdisplay companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microdisplay companies profiled in this report include-

• Micron Technology
• Universal Display Corporation
• Au Optronics
• Syndiant, Kopin Corporation
• Lg Display
• Microvision
• Sony Corporation
• Emagin Corporation
• Himax Technology

Microdisplay Market Insights

Lucintel forecasts that organic light-emitting diode is expected to witness highest growth over the forecast period as it provides better power, quick response times, and more color options.

Within this market, automotive is expected to witness the highest growth due to increasing adoption of AR HUD model in vehicles.

APAC is expected to witness highest growth over the forecast period due to presence of major consumer electronic players in the region.

Features of the Global Microdisplay Market

Market Size Estimates: Microdisplay market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Microdisplay market size by type, technology, application, and region in terms of value ($B).

Regional Analysis: Microdisplay market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, technologies, applications, and regions for the microdisplay market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microdisplay market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the microdisplay market size?

Answer: The global microdisplay market is expected to reach an estimated $5.6 billion by 2030.

Q.2 What is the growth forecast for microdisplay market?

Answer: The global microdisplay market is expected to grow with a CAGR of 21.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the microdisplay market?

Answer: The major drivers for this market are growing demand of wearable devices, increasing adoption of HMDs in different industries, and rising penetration of ADAS and HUDs in vehicles.

Q4. What are the major segments for microdisplay market?

Answer: The future of the global microdisplay market looks promising with opportunities in the consumer electronic, military & defense, medical, industrial system, and automotive markets.

Q5. Who are the key microdisplay market companies?

Answer: Some of the key microdisplay companies are as follows:

• Micron Technology
• Universal Display Corporation
• AU Optronics
• Syndiant, KopIn Corporation
• LG Display
• Microvision
• Sony Corporation
• eMagin Corporation
• Himax Technology

Q6. Which microdisplay market segment will be the largest in future?

Answer: Lucintel forecasts that organic light-emitting diode is expected to witness highest growth over the forecast period as it provides better power, quick response times, and more color options.

Q7. In microdisplay market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to presence of major consumer electronic players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the microdisplay market by type (near-to-eye and projection), technology (liquid crystal display (LCD), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal on silicon (LCoS)), application (consumer electronics, military & defense, medical applications, industrial systems, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?