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Microdisplay Market Assessment Covering Growth Factors and Upcoming Trends

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Devanshu Shrivastava
Microdisplay Market Assessment Covering Growth Factors and Upcoming Trends

The consumer electronics category dominated the end use segment of the microdisplay market during 2015–2020 (historical period), while the automotive category will witness the fastest growth during the forecast period. Most of the road accidents happen due to the fault of humans (pedestrians and drivers), which is why the installation of ADAS is rising. ADAS has a number of sub-systems, including adaptive cruise control, automatic emergency braking, blind spot detection, lane keeping assistance, adaptive front light, cross traffic alerts, driver monitoring, intelligent park assist, and night vision. 


They generate a lot of data, which is displayed to the driver on HUDs. In terms of technology, liquid crystal display has been the most-popular among entities and individuals who use microdisplays. This is because it offers low power consumption, cost-effectiveness, and compact size. In recent years, the LCD technology has allowed for the size reduction of consumer electronics, which continues to this day. 


Apart from LCD, the micro light-emitting diode (LED) and organic LED technologies are also being advanced and incorporated. Although OLED displays are more expensive than LCD displays, they are better in terms of the picture quality. Therefore, due to the rapid technological advancements in displays and their surging demand in consumer electronics, Asia-Pacific (APAC) is set to dominate the microdisplay market throughout the forecast period. 


The region’s vast population is becoming interested in advanced consumer electronics, as its disposable income increases. Moreover, most of the globally well-known consumer electronics companies and the firms that manufacture components are based in APAC. Similarly, the rising demand for cars with ADAS is propelling the requirement for microdisplays in the region.


Therefore, with the miniaturization of consumer electronics and rapid adoption of cars with ADAS, the demand for microdisplays, which are themselves undergoing technical evolution, is increasing.


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Devanshu Shrivastava
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