Micro Displays Market to Witness 21% CAGR until 2022: TechSci Research

by David Johnson Top Market Research Company in US

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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