Stratview Research delivers key insights on the global Micro Display Market. According to Stratview Research, the market is segmented By Product (Near to Eye (NTE) Display Devices, Projection Devices, Others), Technology (LCD, LCoS, DLP, OLED, Other), Application (Military & Defense, Automotive, Healthcare, Consumer Electronics, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026.
Market Insights
The Micro Display Market is projected to grow from USD 712.3 million in 2020 to USD 4135.2 million by 2026 at a CAGR of around 34.6% during the forecast period.
Segment Analysis
By application, the micro display market has been bifurcated into military & defense, automotive, healthcare, consumer electronics, and others. The consumer electronics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing demand for consumer electronics across geographies.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the presence of established end-use industries and key market players such as Universal Display Corporation (US) and Micron Technology, Inc. (US). The market in Asia-Pacific is expected to be driven by expanding industrialization in developing countries such as China and India.
Key Players
The following are some of the key players in the Micro Display Market:
- LG Display (South Korea)
- Universal Display Corporation (US)
- Syndiant Inc (US)
- Sony Group Corporation (Japan)
- MicroVision, Inc. (US)
- Micron Technology, Inc. (US)
- KopIn Corporation Inc (US)
- Himax Technology Inc (Taiwan)
- eMagin Corporation (US)
- AU Optronics (Taiwan).
Frequently Asked Questions
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Micro Display Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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