Global Micro-Display Market Expected to Reach USD 4,471 Million By 2025: Zion Market Research

According to the report, the global micro-display market was valued at USD 969 million in 2018 and is expected to reach approximately USD 4,471 million by 2025, at a CAGR of 24.41% between 2019 and 2025.


New York, NY, Feb. 20, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Micro-Display Market by Product (Projection and Near-To-Eye Displays (NEDs)), by Display Technology (Liquid Crystal On-Silicon (LCoS), Liquid Crystal Displays (LCD), Digital Micro-Mirror Devices (DMD), Digital Light Processing (DLP), Organic Light Emitting Diode (OLED), and Others), by Application (Head Mounted Display (HMD), Head-Up Display (HUD), Electronic View Finder (EVF), and Projector), and by Vertical (Automotive, Aerospace and Defense, Retail, Healthcare, Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global micro-display market was valued at USD 969 million in 2018 and is expected to reach approximately USD 4,471 million by 2025, at a CAGR of 24.41% between 2019 and 2025.

A micro-miniaturized electronic display with an extremely small-sized screen is defined as a micro-display. The display screen size of any micro-display is usually less than a quarter inch diagonally. These compact displays are designed with user-configurable technology and facilitate high resolution required for developing quality images.

Browse through 91 Tables & 36 Figures spread over 182 Pages and in-depth TOC on “Global Micro-Display Market: By Type, Size, Share, Products, Trends, Analysis and Forecast 2018–2025”.

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The global micro-display market is likely to grow over the estimated timeframe owing to the flourishing consumer electronics industry. Due to high resolution and low-power consumption, micro-displays are extensively used in numerous consumer electronics applications. Thus, to show different readings, micro-displays are integrated in various consumer electronics devices, such as mobiles, smartwatches, and fitness bands, among various other wearable electronics devices. Consumer electronic market is forecast to account over USD 331,405 million by 2019 and. However, the high cost and heat loss may hinder the micro-display market to some extent in the future. Moreover, the worldwide research and development activities initiated for OLED micro-display manufacturing are expected to open new growth avenues for this market in the upcoming years.

The global micro-display market is segmented based on product, display technology, application, and vertical. By product, the market is classified into projection and near-to-eye displays (NEDs). The projection segment is slated to dominate the market in the future. By display technology, the market includes liquid crystal on-silicon (LCoS), liquid crystal displays (LCD), digital micro-mirror display technology (DMD), digital light processing (DLP), an organic light emitting diode (OLED), and others. The OLED segment is estimated to grow rapidly over the forecast time period, due to the increasing R&D activities and commercialization of OLED micro-displays. By application, the market includes a head mounted display (HMD), head-up display (HUD), an electronic view finder (EVF), and projector. The head mounted display (HMD) and head-up display (HUD) segments are expected to register the highest CAGR in the future. By vertical, the market is categorized into automotive, aerospace and defense, retail, healthcare, entertainment, and others.

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North America is likely to hold a substantial market share in the future, owing to the increasing demand for projectors with micro-displays for the educational sector. Micro-displays are highly preferred for LCD projectors with a precise and high-resolution display. Many projector manufacturers in the region are opting for micro-displays as they are integrated with advanced technologies, such as high-resolution HTPS panel for splendid image projection. In addition, the market in North America is significantly fueled by the emerging focus on R&D activities related to micro-displays. The U.S. is forecasted to witness the highest growth in the region in the future, owing to rising market demand for head mounted display (HMD) and head-up display (HUD) micro-displays. The education projector sector in the U.S. is will record a robust growth, which, in turn, is projected to drive the North American micro-display market over the forecast timeframe.

The European micro-display market is likely to be driven by the increasing product application in the aerospace and defense sector for the development of high-resolution head mounted displays (HMD) devices. Due to the early adoption of HMDs and HUDs, Germany is projected to dominate the regional market in the upcoming years. The French micro-display market is anticipated to significantly grow over the estimated timeframe due to the increasing micro-display applications in the country’s automotive sector.

Browse the full “Micro-Display Market by Product (Projection and Near-To-Eye Displays (NEDs)), by Display Technology (Liquid Crystal On-Silicon (LCoS), Liquid Crystal Displays (LCD), Digital Micro-Mirror Devices (DMD), Digital Light Processing (DLP), Organic Light Emitting Diode (OLED), and Others), by Application (Head Mounted Display (HMD), Head-Up Display (HUD), Electronic View Finder (EVF), and Projector), and by Vertical (Automotive, Aerospace and Defense, Retail, Healthcare, Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/micro-display-market

The Asia Pacific micro-display market is projected to grow rapidly in the upcoming years owing to the flourishing electronics sector in developing economies, such as India and China. China is projected to hold a significant market share in the future owing to the thriving consumer electronics industry. The growing integration of micro-displays in various smartwatches and smart fitness bands, among other smart wearable devices is anticipated to further drive the region’s micro-display market over the forecast period.

The integration of minute micro-display in smartphones is likely to drive the Latin American micro-display market in the future. Many smartphone manufacturers involved in technological innovation are integrating micro-display for efficient illuminant display. In 2017, there were approximately 214.3 million registered smartphone users in Latin America. The evolving commercial applications of micro-display in the Middle East and Africa are projected to accelerate the micro-display market growth in the upcoming years. GCC countries are likely to hold the largest market share in the region over the estimated timeframe.

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Some key players of the global micro-display market are KopIn Corporation Inc., Sony Corporation, Micron Technology Inc., Universal Display Corporation, eMagin Corporation, LG Display Co. Ltd., Raystar Optronics, OLiGHTEK, Himax Technologies, WINSTAR Display, Seiko Epson, Microvision Inc., HOLOEYE Photonics, Syndiant Inc., and AU Optronics Corp., among others.

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This report segments the global micro-display market into:

Micro-Display Market: Product Analysis

  • Projection
  • Near-To-Eye Displays (NEDs)
  • Micro-Display Market: Display Technology Analysis
  • Liquid Crystal On-Silicon (LCoS)
  • Liquid Crystal Displays (LCD)
  • Digital Micro-Mirror Devices (DMD)
  • Digital Light Processing (DLP)
  • Organic Light Emitting Diode (OLED)
  • Others

Micro-Display Market: Application Analysis

  • Head Mounted Display (HMD)
  • Head-Up Display (HUD)
  • Electronic View Finder (EVF)
  • Projector

Micro-Display Market: Vertical Analysis

  • Automotive
  • Aerospace and Defense
  • Retail
  • Healthcare
  • Entertainment
  • Others

Micro-Display Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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