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Microdisplay market to top 995M by 2016

Posted: 02 Dec 2011 ?? ?Print Version ?Bookmark and Share

Keywords:microdisplay market? display industry? head mounted display? has released its recent report that details how the display industry is starting to pick up. According to the report "Global Microdisplays Market by Technology, Products & Applications (2011-2016)," the market for microdisplays will grow at a CAGR of 32 percent to reach $995 million by 2016.

The development of the display industry has shown the shift from the CRT to efficient displays such as OLED. The advancements have been witnessed in the market in the last 40 years due to the explosion of computers ranging from mainframes to palmtops and now to displays that are less than an inch diagonally.

The combination of different types of display technologies has helped the existing microdisplay market to diversify in areas of defense and medicine. Different technologies are specifically used for different applications based on the features and performance of these technologies. Microdisplays are compact small sized displays with very high resolutions and large number of pixels.

Due to the market slump in 2008, the market for microdisplays was hit and a lot of companies either closed down or were acquired by other companies. The market is now on the rise due to increase in the use of microdisplays in smartphones and TVs.

Microdisplays, with the help of head mounted displays, will be majorly seen in the automotive industry for automotive prototyping in terms of virtually designing a car and the exact position of different parts can be evaluated and changed accordingly. From just about $250 million this year, the market is gaining momentum to show strong growth. The use of these displays in the head mounted displays will indirectly help the microdisplays market to increase.

They are also used in the automotive sector for providing additional information to the driver with respect to night vision. The digital printing and the data storage are also potential applications in the microdisplay market. The use of microdisplays in aerospace applications refers to flight training and simulation where the key product used is a head mounted display.

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