Microdisplays Market is projected to grow at a CAGR 25.19%
Knowledge Sourcing Intelligence announces the publication of a new report on “Microdisplays Market – Forecasts from 2020 to 2025” to their offering.
Increasing product innovations, R&D investments, increasing recognition of benefits of microdisplays in automotive, healthcare, manufacturing, aerospace & defense are the prime factors are that estimated to drive the market growth.
As per the report, the market pertaining to Microdisplays Market is expected to reach US$5.312 billion by 2025, from US$1.380 billion in 2019.
Applications pertaining to Near-To-Eye (NTE) devise and their grown integration in HMDs and HUDs (Head-Up Displays) for defense and aerospace, automotive, and healthcare are anticipated to drive the demand for microdisplays during the next few years. Also rising propensity of fitness and health monitoring is expected to drive the growth of consumer electronics like fitness trackers which in turn are poised to drive the market among others. Further, the growth of the microdisplay market is expected to be strengthened by an upswing in Virtual Reality (VR) headsets innovations.
In January 2020, it was reported that Syndiant, Inc. which is a globally renowned developer of high definition light modulating panels and optical engines that find its applications in near-eye and embedded projection displays and as well as renowned for its patented all-digital LCOS technology that enables world's smallest personal display devices with gives high definition performance has reportedly announced that it was scheduled to showcase the latest addition to its product portfolio, namely the impressive 1080p FHD Array Waveguide Optical Module that was developed in partnership with Lingxi AR, a key provider of AR Optical solutions. The module reportedly combines Syndiant’s unrivaled 1080p FHD LCOS display and Lingxi’s groundbreaking optical engineering to bring about 42 Field of View (FOV) in a waveguide only 1.7mm thick. Secondly, Talens Holo Smart Glasses brought about by award holder of Seal of Excellence by the European Commission Youbiquo that incorporates smart features powered by augmented reality and machine learning, that comprise nature language processing and object detection as well as tracking and is based on Syndiant’s LCOS solution. Last but not the least, Seazure II AR Glasses, which are based on Syndiant’s SYL2271 microdisplay, brought about by an organization that specializes in industrial AR through smart devices and algorithms. This productid reportedly integrates a 3D camera, IMU, and other sensors for a powerful AR platform. Thus, three product launches brought about their coloration, leading to the expansion of the product portfolio of the microdisplay market leading to microdisplay market growth.
As of June 2020,Kopin Corporation (NASDAQ: KOPN), a Globally renowned developer and provider of Microdisplays that utilizes organic light-emitting diode (OLED) and transmissive and reflective active-matrix liquid crystal had reportedly announced the achievement of path-breaking color fidelity to the tune of > 115% sRGB with regards to its latest Lightning® 2.6K x 2.6K OLED display with the resolution of 2560 x 2560, thus a breakthrough in ColorMax™ Technologyrendering anunprecedented color performance. This fidelity number is reportedly the highest achievement in the world when it comes to duo-stack OLED microdisplays. This product is primarily aimed at high-performance virtual reality/augmented reality/mixed reality (VR/AR/MR) headsets wherein high color fidelity and brightness is essential. Thus, groundbreaking technological innovation increasing the competitiveness of the product and thereby enabling a conducive environment for market growth during the forecast period.
In June 2020, eMagin (NYSE American: EMAN), which is a globally renowned leader in the development, design, production of microdisplays utilizing Active Matrix OLED which finds its use in many current and future Programs of Record as far as the defense sector is concerned that comprise wide-range of programs pertaining to PEO Soldier, F-35 HMDS, and other aviation helmets as well as commercial AR/VR and other near-eye imaging product applications has reportedly announced the award of $5.5 million for setting in motion under the IBAS program for Organic Light Emitting Diode (OLED) Supply Chain Assurance enabling eMagin’s NY-based manufacturing facility to procure and install capital equipment to enhance its manufacturing capabilities. Thus, the receipt of funding enabling enhance production capabilities to meet the demand for microdisplays facilitating the growth of the market in the next few years.
As a part of the report, the major players operating in the microdisplays market, which have been covered are 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, and Syndiant.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/microdisplays-market
This report segmented the microdisplays market on the basis following terms:
- Near-To-Eye (NTE)
- Aerospace and Defense
- United Kingdom
- Middle East and Africa
- South Korea
- North America
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