The micro display market is projected to grow at a CAGR of 14% during the forecast period. As per the micro display market research report, the global market for micro display is projected to grow swiftly by US$1.8 billion by 2023. According to analysts, rising adoption portable devices as well as increasing demand for augmented reality displays will drive the market growth during the forecast period. The micro display market research report offers a comprehensive analysis of the global micro display market and its end-users, product, region, and technology segments. The high manufacturing cost along with increasing maintenance cost is the elements that could influence the micro display market advancement throughout the forecast period. The micro display market research report by expert analysts is developed to assist organizations in the micro display market.
Market Segmentation
The global micro display market has been segmented based on end-users, product, region, and technology. On the basis of end-users, the market for micro display is segmented based on automotive, healthcare, and industrial. Additionally, the market on the basis of product, is segmented into binoculars, smart bands, and projectors. The global market for micro display is also covered based on technology segment which is further split into LCS, OLED, LCos, DLP, and others.
Major elements such as budget limitations could obstruct the micro display market growth. However, according to the micro display market research report, growing application of micro displays along with demand for high resolution and excellent picture quality will propel growth throughout the forecast period. The micro display market is set to register growth at a high CAGR owing to these key factors. The exploration of end-users, product, region, and technology segments along with regional markets has been given in the global micro display market research report. The micro display market research report provides an extensive understanding of the micro display market based on the information and forecasts till 2023.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for micro display are predominantly covered in the global micro display market research report. Country-level micro display markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level micro display markets are covered in the report. In Asia-Pacific (APAC) region, the country-level micro display markets covered are Japan, India, China, and others. The micro display market research report also explores the regional market for micro display present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The micro display market research report also covers regional markets from the rest of the world alongside micro display markets of Africa and the Middle East.
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Competitive Landscape
Demand for high resolution micro displays and expansion strategies of key players are presumed to drive the micro display market growth worldwide. The global micro display market could be challenged by high cost associated with manufacturing and maintenance of panels, nevertheless, organizations in the micro display market will carry the growth rate forward. The micro display market research report presents company profiles of major companies active in the micro display market globally.
Top Manufacturers
HOLOEYE Photonics AG (Germany), Himax Technologies, Inc. (HIMX (NASDAQ))(Taiwan), Syndiant (US), Jasper Display Corp. (Taiwan), Japan Display Inc. (6740 (TYO))(Japan), RAONTECH (South Korea), Microtips Technology, LLC (US), Seiko Epson Corporation (6724 (TYO))(Japan), Kopin Corporation (KOPN (NASDAQ))(US), Dresden Microdisplay GmbH (Germany), WiseChip Semiconductor Inc. (Taiwan), MICROOLED (France), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), and eMagin Corporation (EMAN (NYSEAMERICAN)) (US) among others.
Also Avail Free Sample@ Micro display Market Insights 2021: Business Opportunity, Future Scope & Rising Demand By Top Vendors- Kopin Corporation (KOPN (NASDAQ)), Himax Technologies, Japan Display Inc. (6740 (TYO))
Industry News
On 11 January, Pacific Time, the first ever all-digital consumer electronics show (CES 2021) started. The online show was attended by a cohort of renowned consumer electronics firms. BOE was listed among the top 10 CE Brands for 2020-2021 and was awarded a Creative Display Application Product Award for the company's patented active matrix Micro-LED with glass substrates.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Micro Display Market, By Segments
- Competitive Analysis
Continued…
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Micro Display Market-OverviewThe upswing in demand for portable devices is likely to encourage the micro display technology market 2020.
The camera, display, and lighting reports are produced by Market Research Future, which contains market alternatives for progress.
The collectively rising demand for projectors by the educational institutes is estimated to shape the micro display technology market size in the forecast period.Competitive Analysis The progress of the market in the future is estimated to be triggered by the investments being funneled into the market at present.
The employment of analytical tools is estimated to spur the enhancement of the products being distributed at a global scale in the market, to meet the specific requirements of the user demographic in a particular region.
The market state is attuned to the development of the contenders in the market.The formidable contenders in the micro display market are HOLOEYE Photonics AG (Germany), Himax Technologies, Inc. (Taiwan), Syndiant (US), Jasper Display Corp. (Taiwan), Japan Display Inc. (Japan), RAONTECH (South Korea), Microtips Technology, LLC (US), Seiko Epson Corporation (Japan), Kopin Corporation (US), Dresden Microdisplay GmbH (Germany), WiseChip Semiconductor Inc. (Taiwan), MICROOLED (France), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), and eMagin Corporation (US) among others.
The North American regions are considered to have the principal market share from nations such as the U.S. and Canada, among others.
The micro-led display is the essence of the electronics sector, where these are increasingly called to be more power-efficient than any other displays.
According to Marker Research Future, the global micro-LED display market is anticipated to mark its valuation to USD 2,782.5 million till 2023 from USD 90.7 million in 2017, during the forecast period.
Micro-LED display’s ability to offer high-quality & effective display is making the market to gain much traction in the foreseeable years as it is backed by most eminent factors prevailing in the semiconductor industry.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6973Key PlayersThe protruding players in the micro-LED display market are named as Apple Inc. (LuxVue) (US), Oculus VR (InfiniLED) (US), LG Electronics Inc. (South Korea) Sony Corporation (Japan), Samsung (South Korea), X-Celeprint (Ireland), Epistar Corporation (Taiwan), GLO AB (Sweden), VerLASE Technologies (US), JBD (China), and Aledia (France), and many more.Market Drivers & TrendsThe market for micro-LED display is trending due to factors such as increasing demand for brighter display panels for electronic devices such as smartwatches, mobile devices, and AR/VR devices.
These devices are enhancing the display, which enables an individual to enjoy many decent features with adequate brightness, clear, and modified without hurting the eye vision.
On the other hand, rising demand for wearable displays for smartwatches and head-mounted displays (HMDs) are creating enough opportunities for the market to introduce and contribute to its growth rate.On the flip side, some factors such as lack of standard procedures for manufacturing the micro-LED components is somehow hampering the growth of this market.
Also, the adoption of inorganic strategies such as mergers and partnerships is to expand their geographic presence to broaden their customer base.Industry HighlightsThe emerging technology of micro-LED display market consists of tiny LED devices that creates highly efficient and bright pictures more than OLEDs.
The global micro and mini LED display market size is estimated based on the ongoing trends and increase in company’s spending on research and development to develop better and efficient micro and mini LED display.
The report also provides various insights related with competitive strategies, supply chain pattern of micro LED, market dynamics and regional analysis.
In recent years, more international companies have combined the expansion of Micro LED via merger & acquisition and establishing of new business divisions or start-ups.
These manufacturers have developed horizontally or vertically with their own recognised areas of expertise, including mass transfer technology, panel technology LED epitaxy production, and branding.Request Sample Pages for more Insights @ https://www.adroitmarketresearch.com/contacts/request-sample/833Adroit Market Research today published a study on the “Global Micro and Mini LED Display Market Size 2017 by Type (Micro and Mini), by Application (Near-to-eye Devices (AR and VR), Television, Smartphone and Tablet, Monitor and Laptop, Head-up Application, Digital Signage), by End-user (Consumer Electronics, Automotive, Aerospace and Defence, and Other End Users), Region and Forecast 2018 to 2025”.
These manufacturers have developed horizontally or vertically with their own recognised areas of expertise, including mass transfer technology, panel technology LED epitaxy production, and branding.Get more Information about this Report @ https://www.adroitmarketresearch.com/industry-reports/micro-and-mini-led-display-marketKey Segments of the Global Micro and Mini LED Display MarketType Overview, 2015-2025 (USD Million)Micro LEDMini LEDEnd-user Overview, 2015-2025 (USD Million)Consumer ElectronicsAutomotiveAerospace and DefenceOther End UsersApplication Overview, 2015-2025 (USD Million)Near-to-eye Devices (AR and VR)TelevisionSmartphone and TabletMonitor and LaptopHead-up ApplicationDigital SignageThe global micro and mini LED display market size is projected to be valued USD 5.99 billion by 2025.
Companies such as San’an Optoelectronics, Epistar, HC SemiTek, and Lextar, have been investing in mini LED technology to develop advance display quality.For Any Query on the Micro and Mini LED Display Market @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/833Key players operating in the global mini and micro LED market include Apple (LuxVue), Ostendo Technologies, Oculus VR, PlayNitride, InfiniLED, Plessey Semiconductors, Sony, ALLOS Semiconductors, Samsung, VueReal, and others.
