Micro Display Market Research Report - Global Forecast 2027

Micro display Market, By Technology (LCD, OLED), By Product (Projectors, Smart bands, Binoculars), By End-users (Automotive, Healthcare, Industrial) - Forecast 2027

ID: MRFR/SEM/2756-HCR | February 2021 | Region: Global | 100 pages

Micro Display Market Overview:
Micro display technology is widely used in the manufacturing of smartwatches, smart glasses, smart bands that are used to track bodily functions, and others. Micro displays are compact but can provide a high-resolution picture quality, and also provides a user-friendly interface with smooth-touch and configuration properties. It provides images that can be seen from a slant angle and also has adjustable brightness. Micro displays are required in various industries, including the automotive and medical industries. It is used in CT scan machines, ECG machines, oxygen meters, and others.


Micro Display Market Size is anticipated to increase at a faster rate in the coming future. The global micro display market is expected to reach approximately USD 1.8 billion by the end of 2023 with 14% CAGR during forecast period 2017-2023.


Covid19 Analysis:
People across the globe are suffering from the covid19. It has adversely affected the functioning of all the industries, except for the pharmaceutical industry. There has been a complete lockdown in almost every nation. The borders are sealed, which means there will be no travel possible across borders shortly. The businesses are also being shut down.


This has adversely affected the Global Micro Display Market. It is expected that, post the Covid19 situation, the global Micro Display Industry will grow tremendously. This owns to the fact that most of the Micro display companies are based in China, where the Coronavirus was first confronted. This has postponed all the manufacturing activities related to the OLED Micro display Market.


Market Dynamics
Drivers:
OLED Micro displays are energy-efficient display dashboards. These are more advanced than the LCD and LED technologies used earlier. They consume less power, display high-resolution images with better pixel quality, and have user-friendly configurable properties.


Opportunities:
Due to the coronavirus pandemic, the demand for micro displays is increasing. It is used in CT scan machines, ECG machines, oxygen meters, and others. Every nation across the globe is investing a huge sum of its resources in producing and procuring medical equipment. This could be seen as an opportunity for the growth of the global micro display market.


Restraints:
There is tough competition in the global micro display market. The major key players are holding the largest market share. Also, there are new arrivals every day in the market. Due to technological advances, the methods and materials used for manufacturing get obsolete. Businesses have to update and upgrade their techniques continuously so that their products remain in demand and not become old-fashioned. As smartphones have replaced picture capturing cameras, the demand for micro displays used in the manufacturing of such cameras has declined suddenly. This becomes the major restraint in the Micro Display Market Growth.


Value Chain Analysis:
Micro displays are physically compact and are easy to carry. They provide the information or images in high-resolution pictures. These are being popularly used in head-mounted displays, smartwatches, smart phones, fit bands, projectors, and others. The demand for micro displays has rapidly increased because they are portable in size and are user-friendly. The key players in the global micro display market are making technological advances frequently so that the consumers could use advanced products.


Market Segmentation:
The micro display Market can be divided into various segments. These are based on technology, based on products, and based on end-users.


Based on technology:
Based on technical advancements, the market is segmented into OLED, LCD, CD, LCOs, DLP, and others. LCD holds the largest market share and is anticipated to grow at a faster pace shortly. LCDs consume less power, can be operated at a lower voltage, it provides contrast images that are of high resolution.


Based on products:
Micro displays are used in NTE objects and projection objects. Near-to-Eye (NTE) objects include Headsets or head-mounted objects. These are also used Smart Glasses, smartwatches, phones, digital cameras, projectors, and others. NTE objects hold the largest market share and are expected to grow tremendously throughout the forecasted period.


Based on end-users:
The various industries that use micro displays include the medical industry, Electronics, and commercial industry, automotive & aerospace industry, military, and defense industry. These are also used in the sector of education.


Regional Analysis:
Micro Display Market Demand is increasing with every passing day. It is leaving its impression in every corner of the world. The regions where they are operating include America, Europe, Asia-pacific, and the rest of the world.


America, which includes the area of North America (the US and Canada) and Latin America, is the largest hub for manufacturing as well as consumption of OLED micro displays. This owns to the rise population and its demand for advanced consumer products.


The European region, which includes Germany, UK, France, Russia, and Italy, is also expanding its market of micro displays. This owns to the rise in demand for projectors in education institutions and Research & Development projects. The growing automotive industry has also led to a rise in demand for micro displays and their related products.


Asia-Pacific region, which includes China, Japan, India, Australia, and South Korea, is growing tremendously because of the increasing demand for micro displays for cameras, smartphones, EVF machines, and projectors. China, Japan, and South Korea hold the largest market share because leading manufacturing companies are located in this region.


The rest of the world, which includes regions of the Middle East and Africa, is growing at a slower but constant rate. This owns to lower economic development. ROW region is steadily becoming a potential consumer due to the rise in the standard of living of the residents.


Competitive Landscape:
The list of major global key players involved in the Micro Display Market Forecast is as follows:



  • Seiko Epson Corporation (Japan)

  • Kopin Corporation (US)

  • Himax Technologies, Inc. (Taiwan)

  • Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China)

  • RAONTECH (South Korea)

  • WiseChip Semiconductor Inc. (Taiwan)

  • Syndiant (US)

  • Jasper Display Corp. (Taiwan)

  • Microtips Technology, LLC (US)

  • Dresden Micro display GmbH (Germany)

  • Japan Display Inc. (Japan)

  • MICROOLED (France)

  • HOLOEYE Photonics AG (Germany)

  • eMagin Corporation (US)


The above-listed companies come together in joint ventures, mergers and, acquisitions to make technological advancements. Their main objective is to develop end-products that are cost-effective, proficient in working, and that can deliver accurate solutions to the problems.


Recent Developments:
The various recent activities found in Micro Display Market Analysis are as follows:


  • During the coronavirus, global pandemic, WINSTAR manufactured micro displays which can be used in the manufacturing of medical equipment. These are widely used in the manufacturing of digital thermometers, medical sterilizers, dialysis machines, ECG machines, CT scan machines, and ventilators.

  • eMagin corporation and Kopin corporation, both of which are based in the US, are providing micro displays for the manufacturing of medical equipment. These efforts were very largely prompted by the Covid19 situation.

  • Recently, eMagin Corporation, a US-based organization, manufactured a high definition, colored OLED micro display for electronic items.

  • In March of the year 2017, BOE technology came in a joint venture with OLiGHTEK Opto-Electronic Technology Co. Ltd. this new organization came to be known as Together they manufactured a new OLED micro display for the head-mounted objects and virtual reality market.

  • In January of the year 2020, Sony Corporation launched new TVs. The company has produced the smallest 4K OLED. It is available in the 48-inch size.


Report Overview:
This market research report of Micro Display Market trend includes the following elements:



  • Market Overview

  • COVID19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This research report, on the global market of Micro Display Market, provides a thorough analysis of its usage and its market trends. Micro displays are compact but can provide a high-resolution picture quality, and also provides a user-friendly interface with smooth-touch and configuration properties. Due to the coronavirus pandemic, the demand for micro displays is increasing. It is used in CT scan machines, ECG machines, oxygen meters, and others. Due to technological advances, the methods used for manufacturing gets obsolete. Businesses have to upgrade their techniques continuously so that their products do not become old-fashioned.


Intended Audience:
Device manufacturers, suppliers, distributors, research firms, vendors, commercial banks, technology investors, network operators, and others.



Frequently Asked Questions (FAQ) :


High resolution and enhanced image quality offered by micro display are observed as key drivers of the market that can cause it to expand at 14% CAGR and value at USD 1.8 billion by 2023.

The rapid adoption of advanced technology, micro display, in the education sector in the Asia Pacific region is expected to generate the largest revenue for the global market.

Seiko Epson Corporation (Japan), Himax Technologies, Inc. (Taiwan), Kopin Corporation (US), and RAONTECH (South Korea) are some prominent names in the global micro display market.

Products that has inbuilt micro display are projectors, HMD, EVF, headsets, and smart glasses.

OLED is the booming technology that is used in micro display. Other technologies, such as LCD, DLP, and LCos are used in micro display.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH NETWORK PRODUCT SOFTWARE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 MICRODISPLAY MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY TECHNOLOGY

6.2.1.1 OLED

6.2.1.2 LCos

6.2.1.3 LCD

6.2.1.4 DLP

6.2.1.6 OTHERS

6.2.2 BY PRODUCT

6.2.2.1 PROJECTORS

6.2.1.2 HEADSETS

6.2.1.3 SMART GLASSES

6.2.1.4 HMD

6.2.1.5 EVF

6.2.1.6 OTHERS

6.2.3 BY END-USERS

6.2.3.1 HEALTHCARE

6.2.3.2 CONSUMER ELECTRONICS

6.2.3.3 INDUSTRIAL

6.2.3.4 AUTOMOTIVE

6.2.3.5 AEROSPACE

6.2.3.6 EDUCATION

6.2.3.7 COMMERCIAL

6.2.3.8 OTHERS

6.2.4 BY GEOGRAPHY

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA-PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 EPSON CORPORATION (JAPAN)

7.3.2 KOPIN CORPORATION (US)

7.3.3 HIMAX TECHNOLOGIES, INC. (TAIWAN)

7.3.4 OLIGHTEK OPTO-ELECTRONIC TECHNOLOGY CO., LTD. (CHINA)

7.3.5 RAONTECH (SOUTH KOREA)

7.3.6 WISECHIP SEMICONDUCTOR INC. (TAIWAN)

7.3.7 SYNDIANT (US)

7.3.8 JASPER DISPLAY CORP. (TAIWAN)

7.3.9 MICROTIPS TECHNOLOGY, LLC (US)

7.3.10 DRESDEN MICRODISPLAY GMBH (GERMANY)

7.3.11 JAPAN DISPLAY INC. (JAPAN)

7.3.12 MICROOLED (FRANCE)

7.3.13 HOLOEYE PHOTONICS AG (GERMANY)

7.3.14 EMAGIN CORPORATION (US)

7.3.15 OTHERS


LIST OF TABLES

TABLE 1 MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 2 MICRODISPLAY MARKET, BY PRODUCT

TABLE 3 MICRODISPLAY MARKET, BY END-USERS

TABLE 4 MICRODISPLAY MARKET, BY GEOGRAPHY

TABLE 5 NORTH AMERICA MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 6 NORTH AMERICA MICRODISPLAY MARKET, BY PRODUCT

TABLE 7 NORTH AMERICA MICRODISPLAY MARKET, BY END-USERS

TABLE 8 U.S MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 9 U.S. MICRODISPLAY MARKET, BY PRODUCT

TABLE 10 U.S. MICRODISPLAY MARKET, BY END-USERS

TABLE 11 CANADA MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 12 CANADA MICRODISPLAY MARKET, BY PRODUCT

TABLE 13 CANADA MICRODISPLAY MARKET, BY END-USERS

TABLE 14 EUROPE MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 15 EUROPE MICRODISPLAY MARKET, BY PRODUCT

TABLE 16 EUROPE MICRODISPLAY MARKET, BY END-USERS

TABLE 17 GERMANY MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 18 GERMANY MICRODISPLAY MARKET, BY PRODUCT

TABLE 19 GERMANY MICRODISPLAY MARKET, BY END-USERS

TABLE 20 FRANCE MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 21 FRANCE MICRODISPLAY MARKET, BY PRODUCT

TABLE 2 2 FRANCE MICRODISPLAY MARKET, BY END-USERS

TABLE 23 U.K. MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 24 U.K. MICRODISPLAY MARKET, BY PRODUCT

TABLE 2 5 U.K MICRODISPLAY MARKET, BY END-USERS

TABLE 26 REST OF EUROPE MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 27 REST OF EUROPE MICRODISPLAY MARKET, BY PRODUCT

TABLE 2 8 REST OF EUROPE MICRODISPLAY MARKET, BY END-USERS

TABLE 29 ASIA-PACIFIC MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 30 ASIA-PACIFIC MICRODISPLAY MARKET, BY PRODUCT

TABLE 31 ASIA-PACIFIC MICRODISPLAY MARKET, BY END-USERS

TABLE 32 REST OF THE WORLD MICRODISPLAY MARKET, BY TECHNOLOGY

TABLE 33 REST OF THE WORLD MICRODISPLAY MARKET, BY PRODUCT

TABLE 34 REST OF THE WORLD MICRODISPLAY MARKET, BY END-USERS

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 MICRODISPLAY MARKET, BY TECHNOLOGY (%)

FIGURE 3 MICRODISPLAY MARKET, BY PRODUCT (%)

FIGURE 4 MICRODISPLAY MARKET, BY END-USERS (%)

FIGURE 5 MICRODISPLAY MARKET, BY REGIONS (%)

FIGURE 6 NORTH AMERICA MICRODISPLAY MARKET, BY TECHNOLOGY (%)

FIGURE 7 NORTH AMERICA MICRODISPLAY MARKET, BY PRODUCT (%)

FIGURE 8 NORTH AMERICA MICRODISPLAY MARKET, BY END-USERS (%)

FIGURE 9 EUROPE MICRODISPLAY MARKET, BY TECHNOLOGY (%)

FIGURE 10 EUROPE MICRODISPLAY MARKET, BY PRODUCT (%)

FIGURE 11 EUROPE MICRODISPLAY MARKET, BY END-USERS (%)

FIGURE 12 ASIA-PACIFIC MICRODISPLAY MARKET, BY TECHNOLOGY (%)

FIGURE 13 ASIA-PACIFIC MICRODISPLAY MARKET, BY PRODUCT (%)

FIGURE 14 ASIA-PACIFIC MICRODISPLAY MARKET, BY END-USERS (%)

FIGURE 15 REST OF THE WORLD MICRODISPLAY MARKET, BY TECHNOLOGY (%)

FIGURE 16 REST OF THE WORLD MICRODISPLAY MARKET, BY PRODUCT (%)

FIGURE 17 REST OF THE WORLD MICRODISPLAY MARKET, BY END-USERS (%)