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Microdisplay Market Set for Rapid Growth by 2024

Zion Market Research, the market research group announced the analysis report titled "Microdisplay Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"


Sarasota, FL -- (SBWIRE) -- 08/16/2017 -- Global Microdisplay Market: Overview

The microdisplay is a small display made of CMOS chips that use the magnifying optics. The CMOS chips have the array of transistors that are two-dimensional. Microdisplays have a number of applications such as use in projectors, head-mounted displays, viewfinders, or in other view display systems using lenses. The huge development in the microdisplay market has increased the demand for different kinds of advanced displays. The continuous development in the microdisplay industry has resulted in the development of organic light emitting diode and cathode ray tube. The different sizes of the display from large to inches have been manufactured as per the market demand. The microdisplays application in the medicinal field, defense field, and other areas has also resulted in the tremendous growth in the sales of the microdisplay market.

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Global Microdisplay Market: Growth Factors

The global microdisplay market is towering high due to the increasing demand of microdisplays in the televisions such as OLED TVs and smart mobile phones. The high demand of consumer electronic products for high resolution and near-to-eye displays in the smartphones, DVDs, and digital cameras has boosted the microdisplay market. The use of the microdisplays in the medical equipment, defense equipment, an automotive and aerospace sector on a large scale has resulted in escalating the microdisplay market growth. The increasing demand for the microdisplay products has thus resulted in the global microdisplay growth.

Global Microdisplay Market: Segmentation

The microdisplay is segmented based on the technology, application, industry, and geography. The technology segment is further segmented into LCoS, OLED, LCD, DLP and others. The application segment is bifurcated into near-to-eye and projection. The industry segment is divided into aerospace, defense, industrial, military, automotive, law enforcement and medical. The geography segment is further sub-segmented into Europe, North America, Asia-Pacific and Rest of the World.

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Global Microdisplay Market: Regional Analysis

The global microdisplay market is ruled by North America and it is assumed that it will retain its largest position in future. The US in North America contributes most of the shares in the global market. The other promising markets that witness faster growth are Europe and APAC. The regions such as Germany and the UK in Europe and South Korea and Japan in APAC escalate in the global microdisplay market growth.

Global Microdisplay Market: Competitive Players

The major players in the global microdisplay market include Kopin Corporation, eMAGIN, Fourth Dimension Displays, MicroOLED, Himax Display, Microvision Inc., OLiGHTEK and Syndiant. The other players are Seiko Epson Corporation, Liteye systems Inc., Jasper Display Corporation, and HOLOEYE Photonics AG. The competitors in the market adopt strategies such as the signing of contracts, bonds, and agreements, acquiring smaller firms and manufacturing new advanced quality-rich products in order to reach the top in the global microdisplay market.

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