TechNavio recognizes the following companies as the key players in the Global Microdisplay Market: Kopin Corp., eMagin Corp., AU Optronics Corp., and Universal Display Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Microdisplay market is currently witnessing an increase in the number of near-to-eye application devices such as camcorder viewfinders, digital camera viewfinders, video phones, and HMDs. As these devices are integrated with microdisplays, the increase in their demand fosters the demand for microdisplays, thus driving the growth of the Global Microdisplay market. Furthermore, the demand for near-to-eye application devices stems majorly from the Consumer Electronics sector and the Military and Defense sector. Since these sectors are among the high-growth sectors, the Global Microdisplay market will have higher growth prospects during the forecast period. ”
According to the report, the most important of the drivers in this market is the increased adoption of augmented reality products. Augmented reality products such as HMDs and HUDs use microdisplays extensively in their projection units. Thus, the increased adoption of these augmented reality products is expected to foster the demand for microdisplays.
Further, the report states that one of the key challenges is the lack of acceptance of microdisplay-based products. As a result of the high cost and delayed launch of microdisplay-based products in the market, the adoption of such products are low among consumers. Moreover, some of the microdisplay-based devices are yet to be commercialized therefore, hindering the growth of the Global Microdisplay market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Hana Microdisplay Technologies Inc., Himax Display Inc., Innovega Inc., LG Display Co. Ltd., Liteye Systems Inc., MicroOLED, Microvision Inc., Syndiant Inc., WiseChip Semiconductor Inc., and Sony Mobile Display Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-microdisplay-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Microdisplay Market 2012-2016
