Albany, NY -- (SBWIRE) -- 11/14/2017 -- The global microdisplay market has emerged in recent years at a robust growth rate aided by growth of the electronics sector. The report provides a comprehensive look into the growth trajectory exhibited by the global microdisplay market thus far as well as reliable projections regarding the growth prospects of the microdisplay market in the coming years. The growth prospects of the microdisplay market in various regions as well as in various end use industries are examined in the report with the help of detailed historical databases, which illustrate the growth trajectory of the microdisplay market with clarity. The complete analysis of the microdisplay market provided in the report makes it a must-have accessory for market players vying for a dominant share in the global microdisplay market.
The global microdisplay market was valued at US$809.8 mn in 2017. According to Transparency Market Research, the global microdisplay market is likely to exhibit a robust 10.8% CAGR over the 2017-2022 forecast period to emerge with a valuation of US$1,350.2 mn.
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The growth dynamics of the global microdisplay market are complicated, with several factors combining to enable a smooth growth trajectory for the burgeoning market. The report provides an extensive take on each key driver enabling growth of the microdisplay market as well as an analysis of the major restraints blocking the markets growth. The causal relationship between the factors affecting the markets growth and the markets growth prospects is examined in great detail in the report, providing readers with a clear picture of which factors are likely to help their company stake a larger claim in the microdisplay market in the coming years. The analysis of the major drivers and restraints affecting the global microdisplay market will afford readers a clear view into which trends to embrace and which to avoid in the coming years.
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The report provides a detailed look into the segmentation of the global microdisplay market in order to familiarize readers with the granular makeup of the market. Leading segments of the microdisplay market by each criterion are analyzed in the report to provide a look into which are likely to dominate the market.
The leading technology segment of the global microdisplay market is LCD, which was valued at US$417 mn in 2017 and is expected to rise to US$709.5 mn by 2022. The LCD segment is expected to exhibit annual growth of US$58.5 mn over the 2017-2022 forecast period, making it a key part of the global microdisplay markets growth in the coming years.
Geographically, Asia Pacific except Japan (APEJ) is likely to dominate the global microdisplay market in the coming years. The APEJ microdisplay market is expected to reach a valuation of US$580.1 mn by 2022, exhibiting a robust 11.3% CAGR over the 2017-2022 forecast period. Japan is also likely to remain a key contributor to the global microdisplay market over the coming years, with the Japan microdisplay market expected to account for 6.3% of the global markets revenue by 2022.
Global Microdisplay Market: Competitive Dynamics
The report analyzes the competitive dynamics of the congested microdisplay market in detail to provide readers with a clear view of what to avoid in the coming years. The successful and unsuccessful strategies applied in the global microdisplay market are assessed in detail in the report, giving readers a clear idea about how the competitive landscape of the microdisplay market is likely to develop over the coming years. Leading players in the global microdisplay market include eMagin Corporation, Universal Display Corporation, AU Optronics Corp., KopIn Corporation Inc., Himax Technologies Inc., Microvision Inc., Syndiant Inc., LG Display Co. Ltd., and Seiko Epson Corporation.
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