Future Market Insights
MEMS Microdisplay Market: Overview
The growth dynamics in the global MEMS microdisplay market has been transforming. The high demand for projectors, cameras/EVFs, and HUDs across the world has been boosting this market significantly. The augmenting usage of AR glasses in the industrial sector to provide on-the-job training to laborers and field workers has fuelled the demand for HMDs, which is likely to support the global MEMS microdisplay market in the years to come.
Projectors and cameras report a comparatively higher demand for MEMS microdisplays than other various other end-products.
MEMS (Microelectromechanical Systems) microdisplays are high-resolution screens used in magnified display systems. They are used in combination with augmenting optics because of their size. Microdisplays are used in two simple applications such as projection and near-to-eye display. OLED displays are in huge demand in microdisplay market due to their benefits and additional features in addition to overtaking LCD and LCoS display technologies. The launch of wearable devices, head-up displays (HUDs), smart glasses, and head-mounted displays (HMDs) has created demand for the microdisplay market.
Presently, there is a rise in demand for microdisplays in near-to-eye application devices such as HMDs, camcorder viewfinders, video phones and digital camera viewfinders. Innovative applications of MEMS microdisplay technology is widely used in areas such as military & defense, aerospace, medical, and industrial purposes which have enhanced the market for microdisplays. The increased penetration of augmented reality (AR) devices is expected to boost the demand for MEMS microdisplay in display market
MEMS Microdisplay Market: Market Dynamics
Increased use of microdisplays in various industries such as military and aerospace and existence of many players has created high demand in MEMS microdisplay market
Lack of acceptance of MEMS microdisplay products due to shorter shelf life of LCoS is a restraining factor for MEMS microdisplay market
Growing number of near-to-eye applications is the latest trend in the MEMS microdisplay market
Global MEMS Microdisplay Market: Market Segmentation
MEMS Microdisplay market segmented by application, material, display technologies, and region.
Segmentation by application in MEMS Microdisplay market:
Segmentation by material in MEMS Microdisplay market:
Chemicals & gases
Segmentation by display technologies in MEMS Microdisplay market:
OLED (Organic Light Emitting Diode)
LCD (Liquid Crystal Display)
LCoS (Liquid Crystal on Silicon)
DLP (Digital Light Processing)
MEMS (Microelectromechanical Systems)
Global MEMS Microdisplay Market: Competition Landscape
Few prominent players in MEMS Microdisplay market includeTexas Instruments, Iron City Micro Display, MicroVision Inc, Cardiocomm Solutions, Casio America, Inc., Cellnovo Limited, Covidien plc, EM Microelectronic-Marin SA, Jawbone Inc. and STMicroelectronics N.V. etc.
MEMS Microdisplay Market: Regional Outlook
North America is projected to hold the largest share in the MEMS Microdisplay market and is estimated to be in the leading position owing to the continuous advancement in MEMS-based DMDs (digital micromirror device) that is creating opportunities to integrate projection-based display technology across various applications. Europe and Asia Pacific are estimated to contribute significantly over the forecast period.
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