The Global Market for Microdisplays is Projected to Reach US$2.9 Billion by 2020

Rising Prominence of Near-to-Eye & Augmented Reality Devices to Fuel Growth in the Microdisplays Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Microdisplays market. The global market for Microdisplays is projected to reach US$2.9 billion by 2020, driven by the technology’s use in a wide range of end-use applications including virtual reality and augmented reality devices.

Display industry worldwide has been transformed by rapid advancements in display technologies over the years. From the earlier days of bulky Cathode Ray Tubes (CRT), display industry has advanced to highly efficient technologies such as OLED (Organic Light Emitting Diode). Microdisplays, which are microminiaturized displays with less than 2 inch of diagonal screen size, represent one such technology advancement that stands to revolutionize the display industry, and enable major developments in the virtual reality space. These high-resolution electronic displays are designed for use in magnifying optical systems such as projectors, near-eye personal viewers, wearable devices, and digital cameras. Manufacturers of projectors, head mounted displays, camera viewfinders are widespread users of microdisplays.

Global market for microdisplays is driven by its increased use in consumer electronics products such as smartphones, digital cameras, and portable DVDs. Due to the compact size of displays, the technology enables development of portable devices that can store huge amounts of information. Another major factor driving market growth is the rising adoption of near-to-eye and augmented reality devices in various application markets. Increasing use of microdisplays in head mounted displays (HMDs), presents a major growth opportunity for the microdisplays market. In addition to military and medical sectors, automotive and aerospace sectors offer significant growth potential for microdisplays. Through HMDs, microdisplays are also likely to gain prominence in the automotive industry in enabling night vision applications. Microdisplay-integrated HMDs are also likely to find wider use in aerospace applications for flight training and simulation applications. Growth is also anticipated from the increased adoption of microdisplays in digital storage and digital printing applications, as well as in medical diagnostics.

OLED microdisplays are expected to experience strong demand in the years ahead, as they are light and efficient, and consume less power. OLED also offers advantages in the form of wider viewing angle, better contrast, and enhanced brightness and color, compared to other microdisplay technologies. While LCD progress seems to have stalled in recent years, OLED microdisplays are garnering wider attention driven by constant advances in technology, aimed at addressing the growing needs of virtual reality. Specifically, OLED microdisplays are playing a vital role in the development of new generation of smaller and lighter HMDs.

As stated by the new market research report on Microdisplays, Asia-Pacific represents the largest and the fastest growing market worldwide. Rising sales of consumer electronics devices such as smartphones and digital cameras are spurring demand for microdisplays in the region.

Major players covered in the report include eMagin Corporation, Himax Technologies, Kopin Corporation, Forth Dimension Displays, HOLOEYE Photonics AG, Jasper Display Corporation, Liteye Systems Inc., MICROOLED, Microvision Inc., Seiko Epson Corporation, Wisechip Semiconductor Inc., and Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., among others.

The research report titled “Microdisplays: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Thousand for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of the Europe), Asia-Pacific (China and Rest of Asia-Pacific), and Rest of World

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