Micro display Market, By Technology (LCD, OLED), By Product (Projectors, Smart bands, Binoculars), By End-users (Automotive, Healthcare, Industrial) - Global Forecast 2023

Pune, India -- (SBWire) -- 11/24/2017 --Market Synopsis of Global Micro display Market:

Market Scenario:

The key players in the Global Micro Display Market include- Seiko Epson Corporation (Japan), Kopin Corporation (US), Himax Technologies, Inc. (Taiwan), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), RAONTECH (South Korea), WiseChip Semiconductor Inc. (Taiwan), Syndiant (US), Jasper Display Corp. (Taiwan), Microtips Technology, LLC (US), Dresden Micro display GmbH (Germany), Japan Display Inc. (Japan), MICROOLED (France), HOLOEYE Photonics AG (Germany), and eMagin Corporation (US) among others.

The global micro display market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The embedded hypervisor software market is highly competitive due to the presence of several large vendors.

For instance, recently eMagin Company launched a new ultra high definition full color OLED micro display for consumer electronics. Also, in March 2017, BOE technology and OLiGHTEK Opto-Electronic Technology Co., Ltd. announced a new joint venture to produce OLED micro displays for the consumer virtual reality and augmented reality market. The company will be named as Kunming, Yunnan.

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Regionally, North America accounted for the largest market share from countries such U.S. and Canada among others. The reason is attributed to increasing demand for projectors by the educational institutes and growing usage of advanced technologies. However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to growing demand for high-end technology and increasing sale of consumer electronics such as smartphones & tablets.

The market can be bifurcated on the basis of product, technology, end-users and region. On the basis of technology the market can be segmented into LCD, OLED, LCoS and DLP among others. Out of these, OLED accounted for the largest market share majorly due to enhanced features and better power efficiency.

Micro display can be explained as an electronic form of display which has few advantages such as physically small, provides high information content, better resolution and better picture quality. Micro displays are small sized display units with screen sizes and resolution in micro levels. Also, the small size enables applications in variety of sectors. Sometimes these micro displays are used in head-mounted displays to provide better viewing angle and resolution.

The factors contributing to the growth of the micro display market are rising adoption portable devices, growing application of micro displays, increasing demand for augmented reality displays and high resolution and excellent picture quality. However, factors such as high manufacturing cost and maintenance cost are hindering the growth of the micro display market. Furthermore, evolution of micro display technologies and high demand for high resolution micro displays are expected to boost the growth of the micro display market over the forecast period, 2017-2023.

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