Global Market Research Company US Global Micro Displays Market Forecast and Opportun | Page 13

Industry Brief
Micro Displays Market to Witness 21% CAGR until 2022
According to TechSci Research report, “Global Micro Displays Market By Technology, By Type, By End
User, By Region, Competition Forecast & Opportunities, 2012 – 2022”, global micro displays market is
projected to grow at a CAGR of more than 21% until 2022, on account of surging adoption of micro
displays in portable devices such as smart watches, smart glasses, HMDs, HUDs, etc. Increasing focus
towards minimizing aircraft accident rate, growing consumer electronics market and mounting
penetration of holographic micro displays are also expected to positively influence the global micro
displays market in the coming years. Moreover, launch of technologically advanced micro displays and
emergence of sleeker AR & VR wearables is anticipated to fuel global micro displays market during
forecast period.
LCD technology accounted for the largest share in the global micro displays market in 2016, and the
segment is expected to maintain its market dominance in the coming years as well, owing to increasing
awareness and low cost of LCD technology integrated micro display devices. However, OLED
technology is anticipated to emerge as the fastest growing technology in the global micro displays
market during the forecast period, backed by features such as high technical stability and enhanced
performance.
“Rapid growth in dema nd for consumer electronics such as smart wearables, smart glasses, HMDs,
etc., and mounting penetration of holographic micro displays are few of the major factors driving micro
displays market, globally. Further, growing focus of manufacturers on technological advancements in
micro displays to meet changing demand requirements of different end user industries is projected to
drive exponential growth in the global micro displays market in the coming years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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