Microdisplay Market Is Projected to Expanding at a CAGR of 13.34% By The End of 2025 (Study With Impact of COVID-19 on Global Market)

Global Microdisplay Market
By Type (Projection Devices, NTE Display Devices), Technology (Digital Light Processing (DLP), Liquid Crystal on Silicon (LCoS), Liquid Crystal Display (LCD), Organic Light-emitting Diode (OLED)), Vertical, and Regional Market Size, Status and Forecast to 2025

Market Overview:
The Global Microdisplay Market was valued at USD 742.51 million in 2016 and is projected to reach USD 2291.67 million by 2025, growing at a CAGR of 13.34% from 2017 to 2025.

A microdisplay is a display that has a very small screen. The most common applications of microdisplays include rear-projection TVs and head-mounted displays, data projectors, and digital cameras. A microdisplay is defined by its resolution and its power consumption. The higher the resolution and lower the power consumption, the better quality the microdisplay. A microdisplay provides superior color accuracy and video quality, higher resolution, vibrant colors, and higher-quality images.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Advancements in microdisplay technologies
1.2 Rising demand for high resolution microdisplays
1.3 Increasing applications of microdisplays
1.4 High adoption of portable devices such as HUDs and HMDs
2. Market Restraints
2.1 High manufacturing cost
2.2 Poor performance of microdisplays at high temperatures

Market Segmentation:
The Global Microdisplay Market is segmented on the type, technology, vertical, and region.

1. Type:
1.1 Projection Devices
1.2 NTE Display Devices

2. By Technology:
2.1 Digital Light Processing (DLP)
2.2 Liquid Crystal on Silicon (LCoS)
2.3 Liquid Crystal Display (LCD)
2.4 Organic Light-emitting Diode (OLED)

3. By Vertical:
3.1 Medical
3.2 Military, Aerospace and Defense
3.3 Education
3.4 Automotive
3.5 Commercial
3.6 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Kopin Corporation
2. Japan Display Inc.
3. Himax Technologies, Inc.
4. eMagin Corporation
5. Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd.
6. Wisechip Semiconductor Inc.
7. HOLOEYE Photonics AG
8. MICROOLED
9. Microtips Technology, LLC
10. Seiko Epson Corporation
11. Syndiant
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Microdisplay Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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