Microdisplays small size help in reducing the size of a device, without compromising on the quality

Key Revenue Pockets

Microdisplays are being preferred and accepted by users across the world as they are compact and lightweight, and help enhance the performance of a device in which they are integrated. The emphasis on microdisplays has increased these days because of their usage in various sectors including law & enforcement, aerospace, and commercial.

The microdisplays market is projected to reach USD 1.5 billion by 2020, growing at a CAGR of 23.3% between 2015 and 2020. The market for healthcare and commercial applications of microdisplays is expected to witness major growth till 2020.

Microdisplays Market

Manufacturing of a microdisplays market incurs a huge production cost because of expensive manufacturing equipment and complex optics. The other stabilized technologies such as LCoS and LCD are less expensive; the manufacturing cost of microdisplays is three times more than the other two technologies, which subsequently increases the product cost.

On the other hand, the growth of the NTE segment is driving the microdisplays market. NTE microdisplay applications include consumer headsets; head mounted displays for military, medical, and industrial sectors; remote Internet machines and other handheld gadgets; PDAs; and viewfinders for cameras and camcorders in the medical, military, defense, and aerospace, and commercial sectors are the major factors driving the growth of the microdisplay market.

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The North American region is estimated to account for a large share of ~57% of the microdisplays market in 2015. The major reason behind this is the presence of key players in the region and their growing investments in R&D. The market for microdisplays in the APAC region is expected to grow at the highest rate. The global microdisplay market report provides valuable insights and forecasts related to the market, along with its various sub-markets estimated by segmenting the said market based on verticals, technologies, applications, and geography, till 2020.

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