The global market for micro display is projected to have considerable CAGR of around 30.5% during the forecast period. The major factor that propels the market growth include the growing application of microdisplays in consumer electronics industry. Consumer electronics comprises smartphones, tablets, wearable devices, televisions, and others. Advancements in technology and its adoption across the wide range of consumer electronics have evolved rapidly in recent years. The recent development in organic and inorganic based electronics proceeds on a flexible substrate provides benefits in terms of being able to develop displays thinner, lighter for smartphone and wearables such as smart watches. Currently, consumer electronics products mainly use organic light-emitting diode (OLED), liquid crystal display (LCD), liquid crystal on silicon (LCOS), and digital light processing (DLP) is emerging as a more advanced possible future replacement. Therefore, increasing application of micro displays in consumer electronics further provide significant opportunity to the market.

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Moreover, growing application of OLED micro displays in various application such as head mounted displays and EVFs further provide significant growth to the micro display market. OLED micro display is an emerging technology that offers efficient and beautiful displays and lighting panels. OLED display can be referred to as the next-generation of these panels that can be bendable and flexible. An OLED are relied on a flexible substrate, either metal, plastic or flexible glass. These panels based on plastic and metals are thin, highly durable and lightweight as well as unbreakable. Due to rise for innovations in OLED displays and considerable awareness for technologically advanced consumer electronics products, such as smartphones,
smart gadgets and so on is expected to fuel the adoption of OLED micro displays. Therefore, the growing adoption of OLED micro displays in consumer electronics further contribute to the market growth.

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The growing application of microdisplays in automotive industries further propels the market growth during the forecast period. With the ever-increasing demand in urban mobility and modern logistics sector, the vehicle population has been steadily growing over the past few decades. At present, it has led the way with the high-tech extravaganza showcasing dozens of autonomous or self-driven vehicles. The modern automobile giants are coming up with newer self-driving features in their latest models. Technological developments are not confined to just communication, information technology, and data analysis; the realm of self-driving cars is also making progress at a brisk speed nowadays. The ADAS head mounted micro display improve driver safety, it assists the car to gather information about the outside world. Head up displays are already finding their way into cars equipped with ADAS capabilities, such as blind-spot detection, gesture recognition, collision avoidance, backup cameras, lane-departure warnings, and adaptive cruise control that adjusts to changing traffic conditions.

Global Micro display Market Segmentation
By Type
• Projectors
• Near-to-Eye (NTE) Display
• Others( Head-up Display)
•
By Technology
• OrganicLight-Emitting Diode (OLED)
• Liquid Crystal Display (LCD)
• Liquid Crystal On Silicon ( LCOS)
• Digital Light Processing (DLP)
•
By End-user Industry
• Automotive
• Consumer Electronics
• Military &Defence
• Industrial
• Others( Healthcare)
•
Global Micro display Market – Segment by Region
North America
• United States
• Canada
•
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
•
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
•
Rest of the World
Company Profiles
• Citizen Fine device Co., Ltd.
• Emerging Corp.
• Himax Technologies, Inc.
• HOLOEYE Photonics AG
• Jasper Display Corp.
•
• Kopin Corp.
• Liteye Systems, Inc.
• Lumiode, Inc.
• MICROOLED
• Micro Vision, Inc.
• Omni Vision Technologies, Inc.
•
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