The global MEMS microdisplay market is projected to reach US$ 16,761.0 million in 2032. The MEMS microdisplay market is growing swiftly. According to FMI Analysts, the market for MEMS microdisplays is predicted to reach US$ 2,836.0 Million in 2022 and grow at a CAGR of 19.4% from 2022 to 2032.
High-resolution screens called MEMS (Microelectromechanical Systems) microdisplays are employed in magnified display systems. Because of their size, they are utilized in conjunction with augmenting optics. Two straightforward uses for microdisplays include projection and near-eye displays.
OLED displays have surpassed LCD and LCoS display technologies and are in high demand in the microdisplay market due to their advantages and extra capabilities. Demand for microdisplay technology has increased as a result of the introduction of wearable technology, head-up displays (HUDs), smart glasses, and head-mounted displays (HMDs).
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In near-to-eye application devices like HMDs, camcorder viewfinders, video phones, and digital camera viewfinders, there is currently an increase in demand for microdisplays. Innovative uses of MEMS microdisplay technology are prevalent in industries like aerospace, military & defense, medicine, and industry, which has expanded the market for microdisplays.
MEMS Microdisplay Market: Market Dynamics
Increased use of microdisplays in various industries such as military and aerospace and the existence of many players have created high demand in MEMS microdisplay market Lack of acceptance of MEMS microdisplay products due to the 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
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.
Leading Key Players:
- Texas Instruments
- Iron City Micro Display
- MicroVision Inc
- Cardiocomm Solutions
- Casio America, Inc.
- Cellnovo Limited
- Covidien plc
- EM Microelectronic-Marin SA
- Jawbone Inc.
- STMicroelectronics N.V
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MEMS Microdisplay Market Segmentation:
By application:
- Near-to-Eye
- Projection
By material:
- Chemicals & gases
- Photomasks
- Glass wafers
- SOI wafers
- Si Wafers
By display technologies:
- OLED (Organic Light Emitting Diode)
- LCD (Liquid Crystal Display)
- LCoS (Liquid Crystal on Silicon)
- DLP (Digital Light Processing)
- MEMS (Microelectromechanical Systems)
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific
- Japan
- Middle East and Africa
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