Microdisplay Industry worth $3.2 billion by 2028

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MarketsandMarkets Presents
Microdisplay Market by Product (HMDs, HUDs,
Cameras/EVFs, Projectors), Technology (OLED,
LCoS, LCD), Vertical (Consumer, Industrial
Enterprise, Automotive, Retail Hospitality,
Medical), Resolution and Brightness, and Region -
Global Forecast to 2028The global microdisplay
market was valued at USD 1.1 billion in 2023 and
is projected to reach USD 3.2 billion by 2028
registering a CAGR of 23.7 during the forecast
period. The rise in demand for microdisplay is
due to the deployment of display in several
products
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MarketsandMarkets Presents
By Product NTE devices to propel market growth
in the forecasted year. The NTE devices held the
major market share of the microdisplay market in
2028.  NTE devices include cameras/EVFs and Head
Mounted Display (HMDs). These devices are
compact, lightweight and portable. They are
equipped with microdisplays to point at the
elements that will be viewed or recognized.
Microdisplays are currently more in demand for
usage in applications involving cameras and
electronic viewfinders (EVFs) than HMDs. AR Head
Mounted Displays (HMDs) have been used for
pre-hospital care, clinical nursing care, and
hospital medical therapy. While VR HMDs offer
users computer produced experiences within
simulated worlds, AR HMDs use microdisplays to
miniaturize devices and improve power efficiency.
VR HMDs are used in the gaming and entertainment,
healthcare, retail, and eCommerce industries.
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MarketsandMarkets Presents
By Resolution Brightness Higher FHD resolution
accounted for the largest share of the
microdisplay market in 2028. The higher than FHD
resolution segment accounted for the highest CAGR
in 2028. The resolution of microdisplays with
higher FHD is greater than 1920X1080. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id430 Because they provide a
smooth, immersive experience and better picture
quality, microdisplays in this category are
frequently chosen in HMDs. The microdisplay
markets 500 to 1000 units brightness segment is
expected to experience the fastest CAGR growth
throughout the anticipated time period. This
market sector is anticipated to increase as a
result of the rising use of microdisplays with a
brightness range of 500 to 1000 units in AR HMDs
and HUDs.  
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MarketsandMarkets Presents
By Vertical In 2028, automotive segment
accounted for the largest share of the
microdisplay market. Automotive segment
accounted for the largest share of the
microdisplay market, by vertical, in 2028. Head
Mounted Display (HMDs) and Head Up Display (HUDs)
have significant applications in the automotive
sector. A few high-end cars have recently started
using HUDs, which help project the necessary
information without compromising drivers' views.
HUDs are being used by a number of automakers,
including Audi AG, BMW AG, Toyota Motor
Corporation, General Motors, and Mercedes Benz in
their high-end, luxurious, and sports
automobiles. HUDs for automobiles are mostly
supplied by Continental, and Pioneer Corporation
has merged HUDs with infotainment systems.
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MarketsandMarkets Presents
Asia Pacific is projected to lead the
microdisplay market from 2023 to 2028. In
addition to the significance that Japan is home
to several important EVF vendors, Asia Pacific is
anticipated to continue to have the largest
demand for microdisplays to be used in NTE
devices during the projected period. Asia Pacific
is home to the majority of camera manufacturers.
Over 90 of the market for cameras is dominated
by Canon, Nikon, and Sony. As a result, Japan's
demand for microdisplays rises, which in turn
drives growth in the microdisplay industry
throughout the region.  Moreover, Asia Pacific is
expected to account for the largest size of the
LCD microdisplay market from 2023 to 2028. LCD
microdisplays have a significantly huge demand in
cameras/EVF and projectors and a majority of
camera/EVFs and projectors vendors are based in
this region.
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MarketsandMarkets Presents
Moreover, key players offering projectors such as
Seiko Epson Corporation (Japan), Sony Group
Corporation (Japan), Canon Inc. (Japan), NEC
Corporation (Japan), Panasonic Holdings
Corporation (Japan), Hitachi Ltd. (Japan) and
Toshiba Corporation (Japan), are based in this
region. The market in this region is expected to
grow at a significant pace, mainly led by the
growing economies and an increasing number of
small- and medium-scale businesses, along with
mandatory regulations pertaining to digital
transformation imposed by governments. Know more
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