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Global Microdisplay Market By Product (Near-to-Eye, HUD, Others), By Technologies (OLED, LCD, Others), By Resolution (HD, FHD, Others), By Application (Medical, Industrial, Others), By Region, Forecast & Opportunities to 2026

The global microdisplay market accounted for a value of USD 609 million in 2019 and is projected to register growth at a CAGR of 34.8% during forecast period.

Covid19 has impacted microdisplay market. The manufacturing units have to halt its production due to lockdown. The supply chain got disrupted due to travel restriction and the export from other countries is also suspended due to border closer. The majority of the microdisplay manufacturers are based in China and this corona virus is originated from China. The research and development activities are suspended and launch of new products got postpone until end of 2020. The COVID-19 has significant negative impact on the microdisplay market.

Definition:

Microdisplay can be defined as a compact size display with a diagonal of less than a quarter inch. The microdisplay comprises of high resolution, user-configurable technology and high pixel density which is widely used in smart watches, smart glasses and smart bands in order to enable high contrast ratio and quality images. It provides super extended graphics array (SEGA) resolution for better viewing angle and enhanced brightness.

Market Dynamics (Drivers/Opportunities):

The demand for OLED microdisplay is increasing in the world. This technology helps in the development of thin, efficient and bright displays which consists of organic light emitting (OLED) materials. The industrial experts believe that OLEDs can replace existing technologies in the display market. This drives growth in microdisplay market during forecast period.

The companies are investing in microdisplay market at large scale in research and development department for bringing new and innovative products. The microdisplay has various advantages such as higher contrast, wider operating temperature range and faster response time. The OLED are preferred widely over LCDs and LCoS microdisplay technologies. The use of OLED microdisplay is higher in HMDs and EVFs. This increases growth of microdisplay and drives growth in this segment during forecast period.

Market Insights, by Technologies

On the basis of technologies, the microdisplay market is segmented into LCD, LCoS, OLED and DLP. The LCD segment is estimated to hold the largest market share during forecast period. The image on the LCD screen is created by sandwiching an electrically reactive substance in between two sheets of polarized glass plates. It use thin films transistors in order to maintain the state of each pixel and also improves response time. The use of LCDs is increasing rapidly around the world and this drives growth in LCDs segment during forecast period.

Market Insights, by Application

On the basis of application, the microdisplay market is segmented into military & defense, consumer electronics, medical, industrial, automotive and others. The consumer electronics segment is estimated to register highest growth during forecast period. The adoption of various electronics gadgets such as smart watches, smart glasses and smartphones etc. is increasing in the world which involves use o microdisplay at large scale. The adoption VR headsets is also increasing and this increases the requirement of microdisplay in the consumer electronics segment and drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to witness highest growth rate during forecast period. The demand for microdisplay is higher in this region. The adoption various products such as projectors, HUD, cameras, smartphones and VRs are higher in this region. The industrialization is rapidly increasing and large number of OEMs is present in this region and this increases demand for microdisplay. Various industries such as military, automotive, consumer and aerospace are major growth contributors in this region. The demand and adoption of microdisplay is increasing and this drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in microdisplay market are Sony, Seiko Epson, Emagin Corporation, Kopin Corporation, Olightek Opto-Electronic Technology, Hilmax Technologies, Holoeye Photonics, Wisechip Semiconductor, Raystar Optronics, Winstar Display, Syndiant, Microoled, Raontech, liteeye Systems, Microvision, Lumiode, Cinoptics and SPI Corp.

Segments Covered in the Report

This report forecasts The Global Microdisplay Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global microdisplay market report on the basis of technologies, product, resolution and application.

Microdisplay Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Microdisplay Market, By Product, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Near-to-Eye
  • HUD
  • Others
  1. Microdisplay Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • LCD
  • LCoS
  • OLED
  • DLP
  1. Microdisplay Market, By Resolution, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Lower Than HD
  • HD
  • FHD
  • Higher than FHD
  1. Microdisplay Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Military & Defense
  • Consumer Electronics
  • Medical
  • Industrial
  • Automotive
  • Others
  1. Microdisplay Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Product
    • By Technology
    • By Resolution
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Product
      • By Technology
      • By Resolution
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Product
        • By Technology
        • By Resolution
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Product
          • By Technology
          • By Resolution
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Product
            • By Technology
            • By Resolution
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Cinoptics
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Sony
    • Seiko Epson
    • Emagin Corporation
    • Kopin Corporation
    • Olightek Opto-Electronic Technology
    • Hilmax Technologies
    • Holoeye Photonics
    • Wisechip Semiconductor
    • Raystar Optronics
    • Winstar Display
    • Syndiant
    • Microoled
    • Raontech
    • Liteeye Systems
    • Microvision
    • Lumiode
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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