Microdisplays market is estimated to grow at a CAGR of 25.19% to reach US$5.312 billion by 2025, increasing from US$1.380 billion in 2019. 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. Increasing adoption of microdisplays by enterprises operating across consumer electronics, and military and defense industries is a key factor boosting the market growth. However, high manufacturing costs associated with microdisplays will hinder the market growth during the forecast period.
By technology, the LCD segment held a significant share in 2019 and will continue its growth till 2025. 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.
Geographically, North America held a substantial microdisplays market share in 2019 owing to the presence of a large number of global key players in the region. End-use industries in developed economies such as the U.S., Canada, and key European countries are increasingly using microdisplays for a wide range of applications. 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 applications of microdisplays in the healthcare sector.
Prominent key market players in the global microdisplays market include Jasper Display Corp, Himax Display, eMagin, MicroVision, and LG Display among others. At present, global key players are adopting various growth strategies such as new product launches, M&A, and partnerships to expand their global footprint.
Major players in the microdisplays market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the microdisplays market.
|Market size value in 2019||US$1.380 billion|
|Market size value in 2025||US$5.312 billion|
|Growth Rate||CAGR of 25.19% from 2019 to 2025|
|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|
Frequently Asked Questions (FAQs)
Q1. What is the size of the microdisplays market?
A1. The microdisplays market was valued at US$1.380 billion in the year 2019.
Q2. What will be the microdisplays market size by 2025?
A2. The microdisplays market is expected to reach a market size of US$5.312 billion by 2025.
Q3. What are the growth prospects for the microdisplays market?
A3. The microdisplays market is expected to grow at a CAGR of 25.19% 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 market share in the microdisplays market?
A5. North America held a substantial microdisplays market share in 2019 owing to the presence of a large number of global key players in the region.
Jasper Display Corp.
Hana Electronics Group
Himax Technologies, Inc
Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.
AU Optronics Corporation
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