Variant Market Research
Global Microdisplay Market is estimated to reach $4,528 Million by 2024; growing at a CAGR of 23.8%
from 2016 to 2024. Microdisplays are high resolution display screens used in magnified display systems
to control the functioning of specific equipment or gadget. These displays are compact in size, provide
high-definition resolution, and energy efficient as compared to normal display technologies. It is adopted
in various applications such as consumer electronics, automotive, industrial, medical appliances, and
military & defense. Microdisplays are widely implemented in electronics devices such as smart watches,
music systems, smart bands, air conditioners, and projectors to monitor and manage the operation. Rise
in demand for consumer electronics products has also fuelled the growth of microdisplay market globally.
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categories/semiconductor-electronics/microdisplay-market
Compact size, low power consumption, and high resolution picture quality are the major factors driving
the global microdisplay market. However, high price of these products would act as a restraint for the
market. Surge in demand for heads up displays (HUDs) would provide several growth opportunities for
the market in the coming years.
The global microdisplay market has been segmented on the basis of type, technology, and application. By
type, the market is further segmented into near-to-eye and projection. By technology, the market is
categorized into liquid crystal display (LCD), organic light-emitting diode (OLED), digital light processing
(DLP), and liquid crystal on silicon (LCoS). By application, the market is bifurcated into consumer
electronics, military & defense, industrial systems, medical appliances, automotive, and others.
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