Microdisplay: Key market research findings
- Americas dominate the market geographically
- LCD technology accounts for majority of the market’s revenue
- Key vendors – AU Optronics, eMagin, Kopin, and Universal Display
Technavio’s market research analysts predict the global microdisplay market to grow at a CAGR of almost 24% between 2016 and 2020. The increased application of microdisplays across various sectors in the driving force behind growth in this market. Several microdisplay devices such as heads up display (HUDs), head-mounted display (HMDs), electronic viewfinders, camcorder viewfinders, digital camera viewfinders, digital cinema projectors, 3D display projectors, rear-projection televisions, optical inspection devices, and microscopy devices are being extensively used across various application sectors such as military, defense, and aerospace and consumer electronics. The Americas dominated the global microdisplay market in 2015 with a market share of over 64% and is expected to show substantial growth during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the microdisplay segments based on the technology.
“The introduction of innovative HUDs is an ongoing trend in the market. HUD manufacturers are attempting to develop more compact and technologically advanced HUDs that are based on the space available for installation. Such HUDs can easily fit in the aircraft’s cockpit and result in the reduced overall cost of both manufacturing and installation,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The liquid crystal display (LCD) segment dominated the microdisplay market globally accounting for around 55% of the overall market share. This technology exhibits desirable attributes such as image sharpness, geometric distortion, brightness, and screen shape features. It is widely used in aircraft cockpit displays, signages, clocks, and computers. LCD technology is one of the oldest of its kind and is offered by some prominent vendors such as Sony and Epson.
The key vendors in the market include AU Optronics, eMagin, Kopin, and Universal Display. The global microdisplay market is highly fragmented owing to the presence of a few large and small vendors. Since the market has low entry barriers, new players can enter this market to take advantage of its high growth potential. With the increasing number of vendors and the market advancing to the next stages of the industry life cycle, the level of competition among the vendors will intensify significantly over the next four years.
A more detailed analysis is available in the Technavio report, Global Microdisplay Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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