Across the world, the Asia-Pacific (APAC) region contributed the highest revenue to the microdisplay market in the years gone by, and it is predicted to be the fastest-growing region in the upcoming years as well. This is attributed to the existence of numerous original equipment manufacturers (OEMs) and consumers and rapid industrialization in the region. Industrial, consumer, military and defense, aerospace, and automotive are the leading consumers of microdisplays in the region.

Thus, the surge in these industries is contributing massively toward the boom of the regional market. The market is also classified into automotive, military and defense, industrial, consumer electronics, retail and hospitality, sports and entertainment, and medical devices. Amongst these, the consumer electronics category held the largest share in the market during the last few years. This was because of the extensive use of microdisplays in virtual reality (VR) devices and digital cameras.

Moreover, the high requirement for displays that can provide a wide viewing angle and clearer image also boosted the progress of the category between 2015 and 2020. Depending on technology, the microdisplay market is divided into liquid crystal on silicon (LCoS), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal display (LCD) categories. Out of these, the OLED category is predicted to register the highest growth rate in the market in the coming years.

This is ascribed to the mushrooming utilization of OLED screens in electronic devices and appliances, such as smartphones and TVs. Additionally, these screens provide a high pixel density and compact size, which is further boosting their popularity globally. Thus, the demand for microdisplays will soar all over the world in the forthcoming years, primarily because of the rising adoption of HUD-integrated ADAS in automobiles.