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Micro Display Market 2019 by Key Trends, Segmentation, Consumption, Export, Import and Forecast 2023
minutes de lecture
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The global micro display market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
The Micro Display Market is highly competitive due to the presence of several large vendors. The competition among the vendors will intensify due to the increase in product extensions and various above mentioned factors. The players in the micro display market compete on the basis of the factors such as technology, features, design and compatibility. The vendors or the manufacturers are continuously coming up with new ideas and technologies to gain competitive advantage over their competitors. Micro display can be explained as an electronic form of display which has few advantages such as physically small, provides high information content, better resolution and better picture quality. Micro displays are small sized display units with screen sizes and resolution in micro levels. Also, the small size enables applications in variety of sectors. Sometimes these micro displays are used in head-mounted displays to provide better viewing angle and resolution.
The factors contributing to the growth of the micro display market are rising adoption portable devices, growing application of micro displays, increasing demand for augmented reality displays and high resolution and excellent picture quality. However, factors such as high manufacturing cost and maintenance cost are hindering the growth of the micro display market. Furthermore, evolution of micro display technologies and high demand for high resolution micro displays are expected to boost the growth of the micro display market over the forecast period, 2017-2023.
The key players in the global micro display market include- Seiko Epson Corporation (Japan), Kopin Corporation (US), Himax Technologies, Inc. (Taiwan), Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd. (China), RAONTECH (South Korea), WiseChip Semiconductor Inc. (Taiwan), Syndiant (US), Jasper Display Corp. (Taiwan), Microtips Technology, LLC (US), Dresden Micro display GmbH (Germany), Japan Display Inc. (Japan), MICROOLED (France), HOLOEYE Photonics AG (Germany), and eMagin Corporation (US)
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The global micro display market is expected to grow significantly over the forecast period, 2017-2023. Consumer Electronics segment of micro display market globally drives the market majorly due to increasing demand for better solutions for high resolution and better picture quality. The market is expected to have higher growth rate as compared to the previous years. The global micro display market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Consumer Electronics segments hold a largest share in the North-American region. The reason is attributed to as increasing demand for smartphones, tablets and increasing adoption of new technologies. Also, consumers are looking for better technologically advanced product experiences in this region. Therefore, consumer electronics segment of micro display market accounted for the largest market share.
Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2017-2023. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increasing number of manufacturers, stringent government regulations, growing advancement and increasing adoption of high end technology in the field of medical equipment’s are boosting the growth of micro display market in this region.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to increasing demand for projectors by educational institutes, the growing use of technologically advanced devices such as fitness bands, standard regulation and presence of technical expertise.
For the purpose of this study, Market Research Future has segmented the market of micro display into technology, product, end-users and region.
- Smart Glasses
- Consumer Electronics
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Table of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Product Software
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 Micro display Market, By Technology
Table 2 Micro display Market, By Product
Table 3 Micro display Market, By End-Users
List of Figures
Figure 1 Research Methodology
Figure 2 Micro display Market, By Technology (%)
Figure 3 Micro display Market, By Product (%)
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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