Near-Eye Display Market by Technology (TFT LCD, OLEDoS, LCoS, MicroLED, AMOLED, DLP, Laser Beam Scanning), Device Type (AR, VR), Vertical (Consumer, Medical, Aerospace & Defense, Automotive): Global Market Size Estimates and Forecast (2019-2030)

Code: BMIRE00026971 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Oct 2022 | Type: Global

The market is expected to cross US$ 1.57 billion in 2022 and is projected to hit US$ 6.67 billion by 2030, recording a CAGR of 16.5% during the forecast period.

Growing use of OLEDoS microdisplays in newer applications such as projection, imaging, and smart glasses, driving the market growth.

OLEDoS microdisplays are gaining momentum owing to advanced features such as higher contrast, instant response time, lighter weight, compact size, little image smearing, and a wider operating temperature range than LCDs. Additionally, they have outperformed conventional LCD and LCoS microdisplay technologies as they are widely used in EVFs and HMDs. Furthermore, In the consumer sector, OLEDoS microdisplays are used in video and VR glasses and EVFs to facilitate search, navigation, and daily personal activities, while the defense sector targets AR helmets for pilots to resolve communication issues during the battle.

Moreover, many industry experts believe that OLEDoS will likely replace existing display technologies. Thus, various companies have started investing increasingly in research and development activities related to OLEDoS technology. Kopin Corporation and SeeYA Technology Corporation are some of the key players offering OLEDoS technology-based displays.

Within the report, the market is segmented into technology, device type, vertical, and geography. By technology, the market is segmented into TFT LCD, OLEDoS, LCoS, MicroLED, AMOLED, DLP, Laser Beam Scanning. Based on device type, the market is segmented into AR, VR. Based on vertical, the market is segmented into Consumer, Medical, Aerospace & Defense, Automotive. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, and rest of the world.

The growing usage of VR and AR technology in the entertainment industry is another factor driving the market growth.

The rising and evolving gaming culture among millennials and gen Z contribute to the growing popularity of VR and AR technology, especially in gaming products and events. Additionally, various gaming events use products using near-eye display technology to provide a better experience for the audience and participants. Furthermore, the increase in the usage of VR and AR technology in the entertainment industry for developing different content would further accelerate the demand and growth of the near-eye display market over the forecast period.

Rising investments by technology giants in the development of innovative near-eye display products will create ample growth opportunities.

The technology giants are focused on collaborating and partnering with companies that develop and deliver value to their customers. Additionally, the companies such as Meta, Apple, Inc., Microsoft Corporation, and Samsung Group invest heavily in developing state-of-the-art near-eye display modules. Furthermore, several research institutes are researching AR technology for various products and applications. Many companies are targeting maximizing the features and functions of their existing products. Moreover, the application areas of near-eye displays across consumer, medical, and aerospace & defense industries would grow with rising investments by giant companies, thus resulting in the overall market growth.

Recent Strategic Developments in Near-Eye Display market

The Near-Eye Display market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2022, TriLite Technologies GmbH introduced Trixel 3—the smallest laser beam scanner light engine based on Infineon’s 2D MEMS mirror.
  • In January 2022, Sony Corporation launched OLED Microdisplay for EVF applications in cameras and HMDs.
  • In July 2021, Kopin Corporation signed a multiyear agreement with a leading Japanese electronics company to develop superbright 2Kx2K full-color LED microdisplays on silicon.

The Near-Eye Display market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Sony Group Corporation, Himax Technologies, Inc., Kopin Corporation, eMagin Corporation, MICROOLED Technologies, BOE Technology Group Co., Ltd., Syndiant, Inc., Plessey, JBD Xianyao Display Technology, TriLite Technologies GmbH, are among the prominent players operating in the market.

Target audience for the report:

  • Near-Eye Display manufacturers
  • Raw material providers
  • Near-Eye Display providers
  • Near-Eye Display -related service providers
  • Near-Eye Display -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronics component suppliers
  • Near-Eye Display and devices distributors and sales firms
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Technology
    • TFT LCD
    • OLEDoS
    • LCoS
    • MicroLED
    • AMOLED
    • DLP
    • Laser Beam Scanning
  • Device Type
    • AR
    • VR
  • Vertical
    • Consumer
    • Medical
    • Aerospace & Defense
    • Automotive
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • Rest of World
  • Companies profiles
    • Sony Group Corporation
    • Himax Technologies, Inc.
    • Kopin Corporation
    • eMagin Corporation
    • MICROOLED Technologies

The List of Companies

- Sony Group Corporation
- Himax Technologies, Inc.
- Kopin Corporation
- eMagin Corporation
- MICROOLED Technologies

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