​The rising adoption of HUDs and ADASs in both commercial and passenger vehicles is a major factor augmenting the growth of the microdisplay market across the world. Due to the increasing prevalence of road accidents, the governments of many countries are implementing strict safety regulations for automobiles. This is causing a sharp rise in the integration of advanced safety systems such as ADASs in vehicles, especially in Japan, the U.S., and China.

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In the U.S., the Federal Motor Carrier Safety Administration (FMCSA) launched a project aimed at increasing the integration of ADASs in trucks all over country, on account of the ability of the systems to significantly reduce the occurrence of accidents, injuries, and fatalities. Moreover, because of the rising awareness among the masses about vehicular and passenger safety, the original equipment manufacturers (OEMs) are increasingly integrating HUDs in their vehicles for displaying important vehicle-related information.

The ​microdisplay market is categorized, on the basis of technology, into DLP (digital light processing), LCoS (liquid crystal on silicon), LCD, and OLED (organic light emitting diode). Amongst these, the LCD category is currently recording the highest growth in the market and is predicted to dominate the market in the future years, primarily because of the rising popularity of LCDs, on account of their various advantages such as compact size, less power requirements, and low prices over the other microdisplays.

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When product type is taken into consideration, the market is classified into HUD, NTE, and projector. Out of these, the HUD category is predicted to exhibit the highest CAGR in the market during the coming years, on account of the numerous advantages offered by the HUDs over the other displays. Further, these displays are being increasingly adopted in vehicles, because of their ability to provide greater user convenience, especially when combined with the satellite navigation technology.