04.11.2020 Бизнес

Microdisplay Market | Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

The rising awareness about vehicular and passenger safety amongst the people is making the original equipment manufacturers (OEMs) adopt heads-up displays (HUDs) in automobiles for greater convenience and displaying necessary information related to driving. Due to these factors, the global microdisplay market​ is predicted to grow from $1.0 billion to $4.0 billion from 2019 to 2030. Furthermore, "according to the calculations of P&S Intelligence, a market research firm based in India, the market will demonstrate a CAGR of 13.4% from 2020 to 2030”.

NTE devices, projectors, and HUDs are the most common types of microdisplay devices used across the world. Out of them, the utilization of the projectors is predicted to be the highest in the coming years. This is ascribed to the increasing usage of these systems in the business and education sectors. In addition to this, the ballooning popularity of digital screens and the increasing usage of 3D projection in various emerging applications is massively contributing toward the high sales of projectors across the world.

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"Till now, the Asia-Pacific microdisplay market exhibited the highest growth in the world”, mainly because of the existence of a large number of microdisplay manufacturing companies in the region and the reducing prices of these systems in the APAC nations. In addition to this, the flourishing automotive and consumer electronics industries in India, Japan, and China will cause huge expansion of the market in the region in the future years.

This market research report provides a comprehensive overview of the microdisplay market

Historical and the present size of the microdisplay market
Future potential of the market through its forecast for the period 2020– 2030
Major factors driving the market and their impact during the short, medium, and long terms
Market restraints and their impact during the short, medium, and long terms
Recent trends and evolving opportunities for the market participants
Historical and the present size of the market segments and understand their comparative future potential