Micro-Display Market Size to Expand Significantly by the End of 2028

The Micro-Display Market is segmented by Product (Near to Eye (NTE) Display Devices, Projection Devices, Others), Technology (LCD, LCoS, DLP, OLED, Other), Application (Military & Defense, Automotive, Healthcare, Consumer Electronics, Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

What is micro-display?

Micro-display is defined as a display that has a very small screen. The screen size of microdisplays is less than two inches diagonal. Based on product, micro-displays can be categorized as near-to-eye display devices which include electronic viewfinders, head-mounted displays, head-up displays; and projectors.

Key Players

Key players operating in the Micro Display market are-

  • LG Display (South Korea)

  • Universal Display Corporation (US)

  • Syndiant Inc (US)

  • Sony Group Corporation (Japan)

  • MicroVision, Inc. (US)

  • Micron Technology, Inc. (US)

  • KopIn Corporation Inc (US)

  • Himax Technology Inc (Taiwan)

  • eMagin Corporation (US)

  • AU Optronics (Taiwan).

Market Dynamics

The growth of the micro-display market is primarily driven by widespread product use in a broad range of end-use industries such as automotive, healthcare, consumer electronics, and military & defense. Expanding the electrical & electronics industry is propelling the market growth substantially. In addition to this, increasing investment in research and development activities to develop new products is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment Analysis

Application Trends

The micro-display market has been bifurcated into military & defense, automotive, healthcare, consumer electronics, and others. The consumer electronics segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to increasing demand for consumer electronics across geographies.

Regional Trends

The market in North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the presence of established end-use industries and key market players such as Universal Display Corporation (US) and Micron Technology, Inc. (US). The market in Asia-Pacific is expected to be driven by expanding industrialization in developing countries such as China and India.

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