Automobile and Industrial sectors are expected to boost the growth of Microdisplay Market
Microdisplay market is expected to grow US$ 8942.3 million by 2025 from US$ 845.3 million in 2016.
(EMAILWIRE.COM, April 28, 2018 ) According to a new market research study titled ‘Microdisplay Market to 2025 – Global Analysis and Forecasts by technology, application and Industry verticals’, the global microdisplay market was valued at US$ 845.3 Mn in 2016 and is estimated to reach US$ 4892.3 Mn by 2025. The report highlights the trends prevalent in the global microdisplay market and the factors driving the market along with those that act as deterrents to its growth.
Request Sample Copy of the Report @ https://tinyurl.com/y9wjjv2j
The sales of microdisplays is largely influenced by numerous economic and non-economic factors. The sales pattern for microdisplays have faced similar ups and downs as the global economy. Therefore, the global economy plays a key role in the development of microdisplay market. Amongst the non-economic factors, application markets influence their sales. Healthcare, military & defense, automobile and consumer electronics sectors are the application markets for microdisplay. The automobile and industrial sectors are expected to have a large impact on the growth of microdisplays market. Also for the consumer electronics industry, entertainment vertical is expected to witness high usage of AR VR devices and other HMDs where microdisplays are required.
Automotive sector has witnessed large developments in the last decade. Consumer safety and ease of driving it has been put forth as the prime factors while designing any automobile by the manufacturers. Earlier, helmet-mounted CRTs used to deliver images to an individual viewer based on magnifying optics principle. These devices were used by a pilot in the aircraft and used to be confined to a cockpit. A dire need of a more compact sized displays having less power consumptions and higher resolutions became the need of hour and manufacturers came up with microdisplays satisfying all the above stated needs. HUDs integrated into the automobiles enable driving assistance to the drivers where they display real-time traffic information with the map towards destination. The displays alert drivers of any obstacle on the road pre handedly where mishaps can be avoided.
Potentially, automotive and healthcare present larger opportunities as compared to other sectors due to the volumetric implementations of microdisplay and subsequently the microdisplays. The development of smart cars and connected cars presents huge potentials for microdisplay industry. Similarly, in the healthcare sector, hospitals are looking for medical imaging solutions which would facilitate the doctor with a good view of the internal tissues, body parts or organs of the body. Thus, these two sectors present bundle of opportunities for the microdisplay vendors’ growth.
Microdisplay market by end-user vertical is segmented into Military & Defense, automotive, consumer electronics, healthcare, law enforcement and others. Miniaturization of consumer electronics has been followed since last 2 or 3 decades. In a constant effort to make the consumer electronic portable, handy and usable by for a customer, manufacturers have been looking for solutions that would reduce device sizes and consume less power. Thus, a progress in the direction of smaller feature sizes is expected to drive the microdisplay market.
The automotive industry is expected to witness a rapid growth and drive the growth of microdisplays market. Players having a good hold over the microdisplays market can look to venture into providing solutions for the automotive industry which is expected to be the most rapidly developing vertical. The key players profiled in the report are eMagin, Inc., SONY Corporation, Texas Instruments Incorporated, Universal Display Corporation and Kopin Corporation, Inc. Also, AU Optics Corporation, Himax Technologies Inc., MicroVision Inc. and Syndiant.
View Complete TOC with tables & Figures: https://tinyurl.com/y72fj84c
The key players profiled in the Microdisplay market report are:
Kopin Corporation, Inc.
Himax Technologies, Inc.
eMagin Corporation
Texas Instruments Incorporated
MicroOLED, SONY Corporation
Syndiant
DisplayTech
MicroVision Inc.
AU Optronics Corporation
Request Sample Copy of the Report @ https://tinyurl.com/y9wjjv2j
The sales of microdisplays is largely influenced by numerous economic and non-economic factors. The sales pattern for microdisplays have faced similar ups and downs as the global economy. Therefore, the global economy plays a key role in the development of microdisplay market. Amongst the non-economic factors, application markets influence their sales. Healthcare, military & defense, automobile and consumer electronics sectors are the application markets for microdisplay. The automobile and industrial sectors are expected to have a large impact on the growth of microdisplays market. Also for the consumer electronics industry, entertainment vertical is expected to witness high usage of AR VR devices and other HMDs where microdisplays are required.
Automotive sector has witnessed large developments in the last decade. Consumer safety and ease of driving it has been put forth as the prime factors while designing any automobile by the manufacturers. Earlier, helmet-mounted CRTs used to deliver images to an individual viewer based on magnifying optics principle. These devices were used by a pilot in the aircraft and used to be confined to a cockpit. A dire need of a more compact sized displays having less power consumptions and higher resolutions became the need of hour and manufacturers came up with microdisplays satisfying all the above stated needs. HUDs integrated into the automobiles enable driving assistance to the drivers where they display real-time traffic information with the map towards destination. The displays alert drivers of any obstacle on the road pre handedly where mishaps can be avoided.
Potentially, automotive and healthcare present larger opportunities as compared to other sectors due to the volumetric implementations of microdisplay and subsequently the microdisplays. The development of smart cars and connected cars presents huge potentials for microdisplay industry. Similarly, in the healthcare sector, hospitals are looking for medical imaging solutions which would facilitate the doctor with a good view of the internal tissues, body parts or organs of the body. Thus, these two sectors present bundle of opportunities for the microdisplay vendors’ growth.
Microdisplay market by end-user vertical is segmented into Military & Defense, automotive, consumer electronics, healthcare, law enforcement and others. Miniaturization of consumer electronics has been followed since last 2 or 3 decades. In a constant effort to make the consumer electronic portable, handy and usable by for a customer, manufacturers have been looking for solutions that would reduce device sizes and consume less power. Thus, a progress in the direction of smaller feature sizes is expected to drive the microdisplay market.
The automotive industry is expected to witness a rapid growth and drive the growth of microdisplays market. Players having a good hold over the microdisplays market can look to venture into providing solutions for the automotive industry which is expected to be the most rapidly developing vertical. The key players profiled in the report are eMagin, Inc., SONY Corporation, Texas Instruments Incorporated, Universal Display Corporation and Kopin Corporation, Inc. Also, AU Optics Corporation, Himax Technologies Inc., MicroVision Inc. and Syndiant.
View Complete TOC with tables & Figures: https://tinyurl.com/y72fj84c
The key players profiled in the Microdisplay market report are:
Kopin Corporation, Inc.
Himax Technologies, Inc.
eMagin Corporation
Texas Instruments Incorporated
MicroOLED, SONY Corporation
Syndiant
DisplayTech
MicroVision Inc.
AU Optronics Corporation
Contact Information:
The Insight Partners
Sameer Joshi
Tel: +91 9666111581
Email us
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The Insight Partners
Sameer Joshi
Tel: +91 9666111581
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results