The North America Microdisplays Market would witness market growth of 27.2% CAGR during the forecast period (2021-2027).
Microdisplay market is the growing demand for microdisplays in NTE applications. NTE devices, such as AR/VR headsets, HMDs, personal electronics, such as mobile phones and cameras, as well as full-color projection devices, are increasingly using these screens. AR/VR gadgets and head-mounted displays (HMDs) are the most common examples. The growing demand for AR and VR devices in the media and entertainment, as well as the gaming industries, would open new growth avenues for the growth of the market during the forecasting period.
For a better gaming experience, Virtual Reality (VR) headsets compatible with smartphones and other devices are becoming increasingly popular among teenagers. Samsung and HTC, for example, offers virtual reality headsets with the purchase of new smartphones. Hence, this trend is expected to positively impact the growth of the market during the forecasting period.
The demand for microdisplays in the region is being boosted by emerging markets like augmented reality, virtual reality, and smart wearable devices. The United States is predicted to gain traction as a result of rapidly rising businesses including gaming and entertainment, healthcare, education, and others.
The US market dominated the North America Microdisplays Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $971.7 million by 2027. The Canada market is expected to witness a CAGR of 30.1% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 28.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Microdisplays Market is Estimated to reach $4.4 Billion by 2027, at a CAGR of 27.4%
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.
By Product Type
By Application
By Resolution
By Technology
By Country
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