Microdisplays Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (LCD, DLP, LCOS, OLED), By Application (Near-To-Eye, Projection), By Industry (Manufacturing, Healthcare, Automotive, Aerospace And Defense, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061610209 Pages: 140

Microdisplays Market is estimated to grow at a CAGR of 23.48% to reach US$6.945 billion by 2027, increasing from US$1.587 billion in 2020. Microdisplays are small displays made of a CMOS chip and require magnifying optics to use them.

They are used in devices such as mobile phones, digital wristwatches, and virtual reality headsets, among others, and have applications across various industries. The increasing adoption of microdisplays by enterprises operating across consumer electronics, and military and defence industries is a key factor boosting the market’s growth. However, high manufacturing costs associated with microdisplays will hinder the market’s growth during the forecast period.

By Technology

By technology, the LCD segment held a significant share in 2020 and will continue its growth till 2027. This growth is majorly attributed to various applications of LCD technology, such as computers, digital signage, and cockpit displays. OLED technology will witness the fastest market growth during the forecast period owing to its increasing demand for smaller and lighter HMDs.

By Geography

Geographically, North America held a substantial microdisplay market share in 2020 owing to the presence of a large number of global key players in the region. End-use industries in developed economies such as Canada, the U.S.and key European countries are increasingly using microdisplays for a wide range of applications. The Asia Pacific region will witness the fastest regional market growth during the forecast period due to increasing demand for digital signage in the retail sector along with the expanding microdisplay applications in the healthcare sector.

Competitive Insights

Prominent key market players in the global microdisplays market include eMagin, Jasper Display Corp, Himax Display, MicroVision, and LG Display, among others. Currently, global key players are expanding their global footprint through various growth strategies such as new product launches, M&A, and partnerships.

Major players in the microdisplays market have been covered along with their relative competitive positions and strategies. The report also mentions recent deals and investments by different market players over the last year. The company profiles section provides an overview of the company's business, financial performance over the last three years, key products and services offered, and recent developments in the microdisplay market.

Recent development and expansion

  • Samsung Display will begin producing OLED microdisplays in July 2022 to meet metaverse demand. Samsung will begin focusing on its own OLED microdisplay commercialization plans as demand for AR/VR headsets grows.
  • Fraunhofer Introduces a new addition to the microdisplay family in June 2022. With this portfolio expansion, Fraunhofer FEP now offers a one-of-a-kind selection of microdisplays for a wide range of optical and system integration applications.
  • KopinCorporation announced its latest Lightning 720p OLED display (1280 x 720 resolution) on silicon in August 2020, with a very high brightness of 7000 nits (candela per square meter), good color (nearly 100% sRGB), and high contrast (> 4,000: 1). This display combines a duo-stack OLED structure for extreme brightness and Kopin's ColorMax technology for exceptional color fidelity.
  • Sony Corporation announced its first TVs for 2020 in January 2020, including the 48-inch Master Series A9S, the company's smallest 4K OLED ever.

COVID-19 Impact on the Microdisplays Market

The ongoing COVID-19 pandemic slowed the global progress of the microdisplay market. This is due to the global supply chain of parts and components used in microdisplay systems being severely disrupted as a result of the lockdown imposed in several countries to combat the spread of the COVID-19 virus.

Microdisplays Market Scope:


Report Metric Details
 Market Size Value in 2020  US$1.587 billion
 Market Size Value in 2027  US$6.945 billion
 Growth Rate  CAGR of 23.48% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Technology, Application, Industry, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Jasper Display Corp., Hana Electronics Group, Himax Technologies, Inc, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., AU Optronics Corporation, Samsung, MicroVision, Inc., eMagin Inc, Kopin Corporation, MicroOLED, Syndiant
 Customization Scope  Free report customization with purchase



  • By Technology
    • LCD
    • DLP
    • LCOS
    • OLED
  • By Application
    • Near-To-Eye (NTE)
    • Projection
  • By Industry
    • Manufacturing
    • Healthcare
    • Automotive
    • Aerospace and Defense
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global microdisplays market?
A1. Microdisplays Market was valued at US$1.587 billion in the year 2020.

Q2. What will be the microdisplays market size by 2027?
A2. The microdisplays market is expected to reach a market size of US$6.945 billion by 2027.

Q3. What are the growth prospects for the microdisplays market?
A3. The global microdisplays market is estimated to grow at a CAGR of 23.48% over the forecast period.

Q4. What factors are anticipated to drive the microdisplays market growth?
A4. Increasing adoption of microdisplays by enterprises operating across consumer electronics, and military and defense industries is a key factor boosting the market growth.

Q5. Which region holds the largest share of the microdisplays market?
A5. North America held a substantial share of the microdisplays market owing to the presence of a large number of global key players in the region.


1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation



2.1. Research Data

2.2. Assumptions



3.1. Research Highlights



4.1. Market Driver

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of End-Users

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis



5.1. LCD

5.2. DLP

5.3. LCOS

5.4. OLED



6.1. Near-To-Eye (NTE)

6.2. Projection



7.1. Manufacturing

7.2. Healthcare

7.3. Automotive

7.4. Aerospace and Defense

7.5. Others



8.1. North America

8.1.1. USA

8.1.2. Canada

8.1.3. Mexico

8.2. South America

8.2.1. Brazil

8.2.2. Argentina

8.2.3. Others

8.3. Europe

8.3.1. United Kingdom

8.3.2. Germany

8.3.3. France

8.3.4. Spain

8.3.5. Others

8.4. Middle East and Africa

8.4.1. Saudi Arabia

8.4.2. UAE

8.4.3. Others 

8.5. Asia Pacific

8.5.1. China

8.5.2. Japan

8.5.3. India

8.5.4. South Korea

8.5.5. Indonesia

8.5.6. Thailand

8.5.7. Taiwan

8.5.8. Others



9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix



10.1. Jasper Display Corp.

10.2. Hana Electronics Group

10.3. Himax Technologies, Inc

10.4. Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.

10.5. AU Optronics Corporation

10.6. Samsung

10.7. MicroVision, Inc.

10.8. eMagin Inc

10.9. Kopin Corporation 

10.10. MicroOLED

10.11. Syndiant

Jasper Display Corp.

Hana Electronics Group

Himax Technologies, Inc

Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.

AU Optronics Corporation


MicroVision, Inc.

eMagin Inc

Kopin Corporation




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