According to a new report Global Microdisplays Market, published by KBV research, The Global Microdisplays Market size is expected to reach $4.4 billion by 2027, rising at a market growth of 27.4% CAGR during the forecast period.
The Near-to-Eye market is leading the Global Microdisplays Market by Product Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.8 billion by 2027.
The Military & Defense market shows high growth rate of CAGR of 26% during (2021 - 2027). The increased demand for low-power OLED for a variety of applications, including thermal imaging, situational awareness, simulation, and training, has fueled the segment's rise. Manufacturers such as Kopin Corporation and eMagin Corporation offer a variety of microdisplay-related devices for military applications, such as night-vision goggles and thermal weapon sights, that provide a better visual experience.
The HD & FHD segment shows high market share in the Global Microdisplays Market by Resolution 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.1 billion by 2027.
The OLED market is expected to witness highest CAGR of 28.9% during (2021 - 2027). This is because many prominent companies are highly focused on incorporating new OLED microdisplay technology to provide displays with better visual performance to customers. Also, there is an increased demand for OLED for VR headset displays owing to their higher power efficiency, faster response times, enhanced resolutions, and lower costs.
The Asia Pacific market dominated the Global Microdisplays Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,621.7 million by 2027. The Europe market is expected to witness a CAGR of 26.9% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 27.2% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/microdisplays-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Sony Corporation, Seiko Epson Corporation, eMagin Corporation, Kopin Corporation, Himax Technologies, Inc., HOLOEYE Photonics AG, Yunnan OLiGHTEK Opto-Electronic Technology Co., Ltd., WiseChip Semiconductor, Inc., Raystar Optronics, Inc., and Winstar Display Co. Ltd.
By Product Type
By Application
By Resolution
By Technology
By Geography
Companies Profiled
Unique Offerings 
