According to the research report titled ‘Global Microdisplay Market Size study with COVID-19 Impact, by Product (Near-to-Eye (NTE) Devices, Head-Up Displays (HUD), Projectors and Others), by Technology (LCD, LCoS, OLED and DLP), by Resolution (Lower than HD, HD, FHD and Higher than FHD), by Brightness (Less than 500 Nits, 500 to 1,000 Nits and More than 1,000 Nits), by Industry (Consumer, Industrial & Enterprise, Automotive, Military, Defense, and Aerospace, Sports & Entertainment, Retail & Hospitality, Medical, Education and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global microdisplay market was remunerated at USD 510.8 million in 2019 and is expected to grow with a CAGR of 39.4% during 2020-2027.
 

Surging demand for OLED (organic light-emitting diode) displays, incorporation of AR devices in healthcare applications, growing adoption of HMD (head-mounted displays) in various sectors, and evolving technologies with varied display sizes are augmenting the global microdisplay market share.
 

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For those unversed, microdisplay is a compact size display with a diagonal of less than quarter inch with high pixel, better resolution, and user-configurable technology that is widely used in smart glasses, smart bands, and smart watches. It is also used in military & defense applications, for high performance and real time monitoring.
 

Notably, microdisplay technologies use digital light processing (DLP), organic light-emitting diode (OLED), and liquid crystal display (LDC), which offers SEGA (super extended graphics array) resolution for improved brightness and better angle viewing.
 

Increasing advancements and strategic associations by major contenders is further contributing to the industry valuation. Citing an instance, Sony Corporation introduced 0.5-type OLED Microdispaly with UXGA resolution, in May 2018, enabling 1.6x higher resolution as compared to its previous model, with miniaturization technology.
 

On the downside, restrictions on trade imposed by the US on China, along with market saturation in terms of digital cameras and projectors are likely to hinder worldwide microdisplay industry forecast over the study timespan. Moreover, the outbreak of coronavirus pandemic, subsequent disruption in demand supply chain, and temporary shutdown of organizations, with employees working from home, has adversely impacted the business expansion.
 

Speaking of the regional scope, Asia Pacific microdisplay industry is expected to witness high returns in the coming years, owing to concentration of OEMs (Original Equipment Manufacturer) in the region with strong customer base, along with rapid industrialization.
 

Companies majorly contributing to global microdisplay market revenue are Winstar Display Co. Ltd., Raystar Optronics Inc., Wisechip Semiconductor Inc., Holoeye Photonics AG, Himax Technologies Inc., Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd., Kopin Corporation, eMagin Corporation, Seiko Epson Corporation, and Sony Corporation.