London, 27 July 2015 – Technavio has published a new report on the global microelectromechanical systems (MEMS) microdisplay market, which is expected to grow at a CAGR of almost 86% from 2015-2019.
About the Report
The new Technavio report emphasizes the enhanced projection attributes of MEMS-based microdisplays, which have made them an efficient technology for AR devices such as HUDs, HMDs, and smart glasses. HUDs have a wide range of applications in the aviation and automotive sectors.
“Smart glasses are becoming more popular as a result of their increased commercialization, so their adoption will increase during the forecast period. The increased penetration of these augmented reality devices will drive the demand for MEMS microdisplays,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also features the microdisplays that are in high demand for near-to-eye application devices such as camcorder viewfinders, digital camera viewfinders, video phones, and HMDs.
“The demand for near-to-eye application devices comes mainly from high-growth sectors such as consumer electronics, automotive, and military and defense, hence, triggering the market growth forward,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global microelectromechanical systems microdisplay market from 2015-2019. The market size is calculated based on the revenue generated from the shipment of MEMS microdisplays to OEMs, and does not consider the shipment of other technologies used in microdisplays.
Key Information Covered in the Report:
Key Vendors:
- Texas Instruments Inc.
Market Growth Drivers:
- Rise in Adoption of AR Devices
- For a full detailed list, view our report.
Market Challenges:
- Lack of Acceptance
- For a full detailed list, view our report.
Market Trends:
- Increase in Number of Near-to-Eye Applications
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
