Asia Pacific Microdisplays Market By Product Type, By Application, By Resolution, By Technology, By Country, Opportunity Analysis and Industry Forecast, 2021-2027

The Asia Pacific Microdisplays Market is expected to witness market growth of 27.5% CAGR during the forecast period (2021-2027).

Due to the increasing use of microdisplays in diagnostic equipment such as CT scanners, ECG machines, medical imaging machines, and other devices, the medical industry is expected to witness higher demand for microdisplays in the upcoming years. In addition, microdisplays made of Organic Light-Emitting Diode (OLED) are frequently employed in monochrome night-vision systems for military applications such as thermal imaging, situational awareness, and soldier training.

Some of the growth catalysts for this industry are the growing popularity of smartwatches and fitness trackers among consumers for a variety of applications such as health monitoring, lifestyle assistance, entertainment, and fitness monitoring. Moreover, the introduction of microdisplay-based holographic displays is expected to help the industry in the upcoming years.

Some of the common trends of the region are rapid industrialization, as well as the existence of a significant number of OEMs and customers. The key regional industries that significantly use microdisplays are consumer, industrial & enterprise, automotive, and military, defense & aerospace. The existence of a large number of microdisplay producers in APAC has also resulted in lower microdisplay prices and increased microdisplay-based device adoption in the area.

The China market dominated the Asia Pacific Microdisplays Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $455.2 million by 2027. The Japan market is anticipated to grow a CAGR of 26.7% during (2021 - 2027). Additionally, The India market is expected to exhibit a CAGR of 28.2% during (2021 - 2027).

Based on Product Type, the market is segmented into Near-to-Eye, Projection Based, and Others. Based on Application, the market is segmented into Consumer Electronics, Military & Defense, Medical, Industrial, Automotive, Retail & Hospitality, Sports & Entertainment, and Others. Based on Resolution, the market is segmented into HD & FHD, and Others. Based on Technology, the market is segmented into LCD, LCoS, DLP, and OLED. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.

Scope of the Study

Market Segments Covered in the Report:

By Product Type

• Near-to-Eye
• Projection Based, and
• Others

By Application

• Electronics
• Military & Defense
• Medical
• Industrial
• Automotive
• Retail & Hospitality
• Sports & Entertainment, and
• Others

By Resolution

• HD & FHD, and
• Others

By Technology

• LCD
• LCoS
• DLP, and
• OLED

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• 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.
• Winstar Display Co. Ltd.

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