Microdisplay Market to Generate $5,535.6 Million Revenue by 2030, says P&S Intelligence

Microdisplay Market to Generate $5,535.6 Million Revenue by 2030, says P&S Intelligence

PR Newswire

NEW YORK, Nov. 11, 2021

NEW YORK, Nov. 11, 2021 /PRNewswire/ -- The global microdisplay market size is expected to reach $5,535.6 million by 2030, increasing from $1,145.6 million in 2020 at a 17.1% CAGR between 2020 and 2030. This will primarily be a result of the growing usage of near-to-eye (NTE) devices, such as head-mounted displays (HMD) and electronic viewfinders (EVF), and rising demand for advanced driver-assistance systems (ADAS) with heads-up displays (HUD).

P and S Intelligence

Due to the burgeoning number of road accidents, which already kill more than 1.3 million people every year, as per the World Health Organization (WHO), ADAS has been made mandatory by several countries. For instance, under the Tech-Celerate Now program, the Federal Motor Carrier Safety Administration (FMCSA) of the U.S. is integrating ADAS in class 7 and 8 commercial vehicles, which has been driving the demand for HUDs and, in turn, for microdisplays.

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Key Findings of Global Microdisplay Market Report

On the regional level, Asia-Pacific (APAC) is predicted to witness the quickest advance in the microdisplay market in the near future, thereby continuing its historical dominance. The region is home to the largest automotive and consumer electronics industries in the world, which leads to a high sale of HUDs and HMDs. Thus, with the sale of automobiles with HUD-integrated ADAS, video game consoles that come with HMDs, and wearable medical devices rising, the market is booming here.

Browse detailed report on Microdisplay Market Growth Drivers and Future Estimations By 2030

Due to the presence of large companies, such as eMagin Corporation, Jasper Display Corp., Himax Technologies Inc., Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., Micron Technology Inc., WiseChip Semiconductor Inc., Seiko Epson Corporation, Microtips Technology Inc., Kopin Corporation, LG Display Co. Ltd., Sony Corporation, and Universal Display Corporation, the microdisplay market is highly competitive. To stay on top, these firms are launching new variants of these components.

Microdisplay Market Segmentation Analysis

Microdisplay Based on Technology

Microdisplay Based on Product Type

Microdisplay Market Based on Brightness

Microdisplay Market Based on End-User

Geographical Outlook

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About P&S Intelligence

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