Micro Displays Market to Witness 21% CAGR until 2022
Increasing use of micro displays in various portable devices coupled
with growing consumer electronics market and technological advancements to
drive global micro displays market through 2022
According to TechSci Research report, “Global
Micro Displays Market By Technology, By Type, By End User, By Region,
Competition Forecast & Opportunities, 2012 – 2022”, global micro
displays market is projected to grow at a CAGR of more than 21% until 2022, on account
of surging adoption of micro displays in portable devices such as smart
watches, smart glasses, HMDs, HUDs, etc. Increasing focus towards minimizing
aircraft accident rate, growing consumer electronics market and mounting
penetration of holographic micro displays are also expected to positively
influence the global micro displays market in the coming years. Moreover,
launch of technologically advanced micro displays and emergence of sleeker AR
& VR wearables is anticipated to fuel global micro displays market during
forecast period.
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LCD technology accounted for the
largest share in the global micro displays market in 2016, and the segment is
expected to maintain its market dominance in the coming years as well, owing to
increasing awareness and low cost of LCD technology integrated micro display
devices. However, OLED technology is anticipated to emerge as the fastest
growing technology in the global micro displays market during the forecast
period, backed by features such as high technical stability and enhanced
performance.
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“Rapid growth in demand for consumer
electronics such as smart wearables, smart glasses, HMDs, etc., and mounting
penetration of holographic micro displays are few of the major factors driving micro displays
market, globally. Further, growing focus of manufacturers on technological
advancements in micro displays to meet changing demand requirements of different
end user industries is projected to drive exponential growth in the global micro
displays market in the coming years.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global
Micro Displays Market By Technology, By Type, By End User, By Region,
Competition Forecast & Opportunities, 2012 – 2022” has
evaluated future growth potential of global micro displays market and provides
statistics and information on market size, structure and future market growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global micro displays market.
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