The Microdisplay Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Microdisplay Global Market Report 2024, The microdisplay market size has grown exponentially in recent years. It will grow from $1.45 billion in 2023 to $1.76 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to increased adoption in consumer electronics, increased demand in entertainment and gaming, automotive huds and ar displays, rise in virtual reality (vr) and augmented reality (ar), reduction in manufacturing costs.
The microdisplay market size is expected to see rapid growth in the next few years. It will grow to $3.56 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to 5g technology integration, emergence of micro-led technology, healthcare industry expansion, increased use in iot devices, demand in aerospace and aviation. Major trends in the forecast period include advancements in holographic displays, sustainable display technologies, foldable and flexible displays, product innovations, integration with biometric sensors.
The surging use of microdisplays in the automotive industry is expected to propel the growth of the microdisplays market going forward. The automotive industry is a sector that encompasses numerous organizations and firms involved in the design, development, manufacture, marketing, selling, and maintenance of motor vehicles. Microdisplays provide flexibility, low power usage, high luminance and contrast, and high pixel density in automotive applications. For instance, according to the Bureau of Transportation Statistics (BTS), a US-based agency that publishes information on transportation systems, new vehicle sales increased to 11,741 (Thousands of vehicles) in 2021 from 11,041 (Thousands of vehicles) sales in 2020. Therefore, the growing automotive industry is driving the microdisplay market.
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The microdisplay market covered in this report is segmented –
1) By Product: Near-To-Eye (NTE) Devices, Head-Up Displays (HUDs), Projectors, Other Products
2) By Brightness: Less Than 500 Nits, 500–1,000 Nits, More Than 1,000 Nits
3) By Resolution: Lower Than HD(High Definition), HD(High Definition), FHD (Full High Definition), Higher Than FHD (Full High Definition)
4) By Technology: Liquid Crystal Display (LCD), Liquid Crystal On Silicon (LCOD), Organic Light-Emitting Diode (OLED), Digital Light Processing (DLP)
5) By Vertical: Consumer, Automotive, Industrial And Enterprise, Military, Defense, And Aerospace, Retail And Hospitality, Medical, Education, Sports And Entertainment, Other Verticals
Technological advancements are a key trend gaining popularity in the microdisplay market. Major companies operating in the microdisplay market are focused on developing technically advanced solutions to meet specific demands and sustain their position in the market. For instance, in August 2023, Sony Semiconductor Solutions Corporation (SSS), a Japan-based company develops imaging and sensing solution business which includes microdisplay, launched ECX344A, a large-size, high-definition 1.3-type OLED Microdisplay with 4K resolution. The new OLED Microdisplay has a unique feature in that it delivers 4K resolution with a 1.3-type large-size display by utilizing miniaturization processes achieved by SSS while developing camera electronic viewfinders (EVFs), as well as its own pixel drive circuits, allowing for smooth image quality with an enhanced sense of reality. The new OLED Microdisplay is mainly designed for head-mounted display applications in virtual reality (VR) and augmented reality (AR).
The microdisplay market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Mar 04, 2020: The global Automotive Finance market size is anticipated to reach USD 344.1 billion by 2026, registering a CAGR of 6.7% over the forecast period, according to a new report by Radiant Insights Inc. A progressive increase in vehicle registration, a high percentage of automotive ownership per household, and increasing average price of advanced vehicles are the factors favoring the growth.
Automotive finance providers aid customers from emerging economies like China and India to purchase and lease vehicles at affordable prices.
This factor is playing a key role in supporting the market growth in the emerging economies.Implementation of technologies, such as Artificial Intelligence (AI), blockchain technology, and business analytics by automotive finance providers over the past few years has led to improvements in the quality of service and level of customer satisfaction.
These technologies also utilize new price points obtained from data analysis and ongoing market channel development trends.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/automotive-finance-market/request-sampleRegular standardization of automotive finance levels, customer segments, and models has led to the development of innovative finance tools and improved customer knowledge.
The investment companies are required to thoroughly understand the existing opportunities to better comprehend their capabilities in the present and the future scenarios for better decision-making and prioritizing their investments.
The young population prefers leasing vehicles of choice at a trivial cost for a certain period of time and then switching to a better and more advanced models according to the changing preferences or requirements.
The 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer.
They will establish new connectivity, which will assist the businesses to widen their capabilities.
Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510.
These instruments offer new and advanced technological features and supports 5G NR radio interference.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market/request-for-sample The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.
The Report "Microdisplay Market by Product (HMD, HUD, EVF, Projector), Technology (OLED, LCoS, LCD, DLP), Resolution, Brightness, Industry (Consumer, Industrial/Enterprise, Aerospace, Automotive, Retail, Entertainment, Medical), and Region - Global Forecast to 2025", size is projected to grow from USD 712 million in 2020 to USD 3,609 million by 2025; it is expected to grow at a CAGR of 38.4% from 2020 to 2025.
The increasing adoption of HMD for medical, automotive, consumer, entertainment, and education applications are expected to lead to significant growth of the microdisplay market in the coming years.
The market size in 2020 is expected to witness a decrease owing to the outbreak of COVID-19 and is estimated to be USD 712 million.
Presently, LCoS microdisplay-based AR HMDs are offered by Magic Leap, Google, and Microsoft.
The presence of a substantial number of microdisplay manufacturers in APAC has also led to a decrease in the prices of microdisplays and the increase in the penetration of microdisplay-based devices.
Sony Corporation (Sony Semiconductor Solutions Corporation) (Sony) (Japan); Seiko Epson Corporation (Seiko Epson) (Japan); eMagin Corporation (eMagin Corporation) (US); Kopin Corporation (Kopin Corporation) (US); Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (OLiGHTEK) (China); Himax Technologies, Inc. (Himax) (Taiwan); HOLOEYE Photonics AG (HOLOEYE Photonics) (Germany); WiseChip Semiconductor Inc. (WiseChip) (Taiwan); Raystar Optronics., Inc. (Raystar Optronics) (Taiwan); and WINSTAR Display Co., Ltd. (WINSTAR) (Taiwan) are the key players in the microdisplay market.
