Microdisplay Market Insights

1. What is the Market Size & CAGR of Microdisplay market in 2021?

The global microdisplay market is expected to reach a market size of USD 2.5 billion in 2021 with a Compound Annual Growth Rate (CAGR) of 12%.

2. COVID-19 Impact on the Microdisplay Market

The COVID-19 pandemic has significantly impacted the microdisplay market, leading to supply chain disruptions and reduced demand in various industries. However, the market is expected to recover in the coming years as economies stabilize.

3. Microdisplay Dynamics

The microdisplay market is driven by the increasing adoption of AR and VR technologies, rising demand for wearable devices, and growing use of microdisplays in automotive applications. Technological advancements and the development of high-resolution microdisplays are also fueling market growth.

4. Segments and Related analysis

The microdisplay market can be segmented based on type, resolution, application, and region. Different types of microdisplays include OLED, LCD, and LCoS. High-resolution microdisplays are preferred for applications in healthcare, military, and entertainment sectors.

5. By Region Analysis

The microdisplay market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America currently holds the largest market share due to the presence of key players and technological advancements. However, the Asia Pacific region is expected to witness the highest growth rate in the coming years.

6. Key Market Players and Competitive Landscape

Key players in the microdisplay market include Sony Corporation, Samsung Electronics, LG Display, AU Optronics, and eMagin Corporation. These companies are focusing on product innovation and strategic partnerships to gain a competitive edge in the market.

7. Recent happenings in the Microdisplay Market

In recent developments, Sony announced the launch of a new high-resolution microdisplay for use in AR glasses. Samsung introduced a foldable microdisplay for smartphones, and eMagin Corporation collaborated with a leading tech company to develop microdisplays for military applications.