Micro Display Market Scope
The global Micro Display market is expected to witness high growth in the forecasted period due to growing demand from various end-user industries such as Consumer and industrial & enterprise, automotive, military, defense, and aerospace and many others. It is a small screen display. It is an electronic form of display which has few advantages such as physically small, provides high information content, better resolution, and better picture quality. Also, the small size enables applications in a variety of sectors. Sometimes these microdisplays are used in head-mounted displays to provide better viewing angle and resolution.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North Amercia |
Unit | Value (USD Million) |
Key Companies Profiled | Sony Corporation (Japan), Seiko Epson Corporation (Japan), LG Display (South Korea), Universal Display Corporation (United States), eMagin Corporation (United States), Kopin Corporation (United States), OLiGHTEK (China), Himax Technology Inc (Taiwan), HOLOEYE Photonics (Germany) and WiseChip Semiconductor (Taiwan) |
CAGR | 23.85% |
"According to AMA, the Global Micro Display market is expected to see growth rate of 23.85% and may see market size of USD3642.1 Million by 2030."The Players having a strong hold in the market are Sony Corporation, Seiko Epson, LG Display, Universal Display, and eMagin Corporation. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Micro Display market throughout the predicted period.
Sony Corporation (Japan), Seiko Epson Corporation (Japan), LG Display (South Korea), Universal Display Corporation (United States), eMagin Corporation (United States), Kopin Corporation (United States), OLiGHTEK (China), Himax Technology Inc (Taiwan), HOLOEYE Photonics (Germany) and WiseChip Semiconductor (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Raystar Optronics (Taiwan), WINSTAR Display (Taiwan), Syndiant Inc (United States), MicroVision, Inc. (United States), Micron Technology, Inc. (United States), Kopin Corporation (United States) and AU Optronics Corp (Taiwan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Micro Display market by Type , by Application (Consumer, Industrial & Enterprise, Automotive, Military, Defense, and Aerospace, Sports & Entertainment, Retail & Hospitality, Medical, Education and Others) and Region with country level break-up.
On the basis of geography, the market of Micro Display has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In August, 2019, Sony Interactive Entertainment (SIE) has signed a definitive agreement with SIE to acquire Insomniac Games. Insomniac Games is the developer of PlayStation4’s (PS4) top-selling Marvel’s Spider-Man and the hugely popular PlayStation Ratchet & Clank franchise. Upon completion of the acquisition, the company will join the global development operation of Sony Interactive Entertainment Worldwide Studios (“SIE WWS”).
In July, 2019, LG Display, a display technology provider has signed a contract with additional KRW 3 trillion into Gen 10.5 (2,940mm X 3,370mm) OLED production line at its P10 plant in Paju, Korea. With this investment, the company is stepping up its efforts to shift its OLED-focused business structure and to advance the OLED era.
Influencing Trend:
Introduction to MicroLED Displays across the Globe and Adoption of Automated Sensors and Numerous Technological Advancements
Market Growth Drivers:
Microdisplays Provide Higher Resolution with Minimal Power Consumption and Upsurging Demand for Microdisplays from Military and Defence
Challenges:
Environmental Challenges Such as Robusly Growing E-Waste and Manufactures have to Cope up with Continues Technological Advancements
Restraints:
Complexities in Manufacturing and Post Purchase Repairs and Availability of Cheaper Substitutes like Conventional Displays
Opportunities:
Simplifies the Use of Microdisplys Due to Easy Mobility and Upsurging Demand from Gaming and Entertainment Industry
Key Target Audience
Micro-Display Manufacturers, Micro-Display Distributors and Suppliers, Upstream and Downstream Buyers, Research and Development Institutes, Government Institutes, Electronics Industry Associations and Others