MEMS (Microelectromechanical Systems) microdisplays are high-resolution screens used in magnified display systems. They are used in combination with augmenting optics because of their size. Microdisplays are used in two simple applications such as projection and near-to-eye display. OLED displays are in huge demand in microdisplay market due to their benefits and additional features in addition to overtaking LCD and LCoS display technologies. The launch of wearable devices, head-up displays (HUDs), smart glasses, and head-mounted displays (HMDs) has created demand for the microdisplay market.
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Presently, there is a rise in demand for microdisplays in near-to-eye application devices such as HMDs, camcorder viewfinders, video phones and digital camera viewfinders. Innovative applications of MEMS microdisplay technology is widely used in areas such as military & defense, aerospace, medical, and industrial purposes which have enhanced the market for microdisplays. The increased penetration of augmented reality (AR) devices is expected to boost the demand for MEMS microdisplay in display market
MEMS Microdisplay Market: Market Dynamics
Increased use of microdisplays in various industries such as military and aerospace and existence of many players has created high demand in MEMS microdisplay market.
Lack of acceptance of MEMS microdisplay products due to 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
Global 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.
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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.