Microdisplay Market Competitive Landscape, Insights by Geography, and Growth Opportunity

Soaring demand for HUDs along with the advent of advanced driver-assistance system (ADAS) will propel the microdisplay market at a CAGR of 13.4% during the forecast period (2020–2030). As per P&S Intelligence, the market stood at $1.0 billion in 2019, and it will reach $4.0 billion by 2030. ADAS has become an essential part of automobiles and is being integrated in both commercial and passenger vehicles.

The stringent government regulations for road safety have boosted the sales of ADAS solutions, especially in Japan, China, and the U.S. In the coming years, HUDs will be widely adopted in the automotive industry, due to the surging awareness regarding vehicle and passenger safety and convenience offered by the combination of HUD systems and satellite navigation technology. Apart from this, the adoption of data projectors and pico projectors will also surge in the foreseeable future.



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Data projectors are increasingly deployed in the business and education sectors, due to the escalating use of digital screens and 3D projection in several applications. Microdisplay manufacturers like eMagin Corporation, WiseChip Semiconductor Inc., Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., Jasper Display Corp., Himax Technologies Inc., VueReal Inc., HOLOEYE Photonics AG, Shenzhen Anpo Intelligence Technology Co. Ltd., Raystar Optronics Inc., Plessey Semiconductors Ltd., and Jade Bird Display are focusing on developing patented technologies to consolidate their position.
 
For instance, in January 2020, Panasonic Corporation announced the development of the world’s first ultra-high-definition (UHD) VR eyeglasses with high dynamic range (HDR). These eyeglasses are equipped with a micro-OLED panel, developed in partnership with Kopin Corporation. Thus, the booming demand for AR/VR devices, HUDs, and ADAS solutions will fuel the adoption of microdisplays in the coming years.

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