Global Microdisplay Market report published by Accurize Market Research forecast that the global market is expected to reach $5 billion by 2025 expected to grow at a CAGR of 25.9% and 24.3%, respectively, during the forecast period.

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Increased demand for high-resolution picture quality to drive the market

The global microdisplay market is majorly driven by compact size, high-resolution picture quality, and low power consumption. Though, the high expense of these products would act as a limitation for the market. The surge in demand for heads up displays (HUDs) would provide several growth opportunities for the market in the coming years.

Market Segmentation

The global microdisplay market is split into type, technology, application, and geography. The type segment includes neat-to-eye and projection. The technology segment is further divided into liquid crystal display (LCD), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal on silicon (LCoS). The application segment of the market includes consumer electronics, military & defense, industrial systems, medical appliances, automotive, and others. Geographically the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

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"Consumer electronics accounted for the largest market share in the application segment", says Accurize

The consumer electronics segment accounted for the largest market share in 2017, due to the increase in demand for electronic products such as a smartwatch, smart glasses, and smart bands. In addition, this segment is anticipated to grow at the fastest CAGR during the forecast period 2017-2025.

"North America dominated the global market with the highest market share over the forecast period", says Accurize

North America accounted for the largest market share in 2017 and is expected to continue to be the leading region during forecast period due to speedy technological advancement and increasing adoption of microdisplay in consumer electronics. Asia-Pacific is expected to grow at the fastest CAGR during the forecast period 2017-2025.

Top players in the market

Major players operating in the market include Micron Technology Inc., eMagin Corporation, Sony Corporation, Syndiant Inc., Universal Display Corporation, AU Optronics Corp, KopIn Corporation Inc., Himax Technology Inc., LG Display Co. Ltd, and Microvision Inc., among others.