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Microdisplay Market 2017 by Product Type, Technology, Application, Resolution & Region - Global Forecast to 2023DUBLIN, September 1, 2017 /PRNewswire/ -- The "Microdisplay Market by Product Type (NTE, Projection), Technology (OLED, LCoS, LCD, DLP), Application (Consumer, Industrial, Military, Defense, and Aerospace, Automotive, Commercial, Medical, Education), Resolution & Region - Global Forecast to 2023" report has been added to Research and Markets' offering.  The microdisplay market is expected to be valued at USD 1706.3 Million by 2023, growing at a CAGR of 13.2% between 2017 and 2023. The growth of this market can be attributed to the increasing application areas of microdisplays and the rising adoption of portable devices such as HMDs and HUDs. The microdisplay market based on technology has been segmented into LCD, LCoS, DLP, and OLED. The LCD technology led the microdisplay market in 2016 since the microdisplays based on this technology have high brightness, low cost and are easy to manufacture and also help microdisplay device manufacturers reduce the device size in an early stage. The LCD technology is used in several microdisplay devices, including HMDs, HUDs, EVFs, thermal imaging glasses, and wearables. The microdisplay market, on the basis of application, has been segmented into consumer; industrial and enterprise; military, defense, and aerospace; automotive; commercial; medical; education; and others. The microdsplay market for industrial and enterprise application is expected to grow at a higher CAGR between 2017 and 2023, owing to the increasing adoption of AR glasses for on-the-job training to field workers, warehouse management, operations and assembly, maintenance and inspection, prototype designing, freight loading and transportation, and field repair services. APAC is expected to grow at the highest CAGR for the microdisplay market during the forecast period. The large consumer market in China and the presence of a large number of OEMs are driving the microdisplay market in the region. Technological advancements, changing consumer behavior, and decreasing average selling prices (ASPs) of microdisplay devices also help to drive the microdisplay market in the region. Moreover, increasing use of microdisplay devices in industrial and enterprise; military, defense, and aerospace; and automotive applications further drive the microdisplay market in the region. Low performance of microdisplay at high temperatures is restraining the growth of the microdisplay market. Major players in this market, such as Kopin Corporation (US), Himax Technologies, Inc. (Taiwan), and Seiko Epson Corporation (Japan) have adopted growth strategies to expand their customer base and enhance their product portfolio. Key Topics Covered: 1 Introduction
For more information about this report visit https://www.researchandmarkets.com/research/w5fd33/microdisplay Media Contact: Research and Markets
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