The global MEMS microdisplay market size is expected to reach US$ 16,761.0 Million in 2032. The MEMS microdisplay market is growing rapidly.
As per FMI Analysts, the global MEMS microdisplay market is estimated to be valued at US$ 2,836.0 Million in 2022 and is projected to increase at a CAGR of 19.4% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| MEMS Microdisplay Market Estimated Base Year Value (2021) | US$ 2375.21 Million |
| MEMS Microdisplay Market Expected Market Value (2022) | US$ 2,836.0 Million |
| MEMS Microdisplay Market Anticipated Forecast Value (2032) | US$ 16,761.0 Million |
| MEMS Microdisplay Market Projected Growth Rate (2022 to 2032) | 19.4% CAGR |
A type of MEMS microdisplay is an electronic screen that can display high-resolution data in magnified display systems. Due to their size, microdisplays are used with augmentation optics to display large amounts of information. Microdisplays can be used for projection or near-to-eye applications.
Microdisplays are in such high demand due to their benefits and additional features that they are overtaking LCD and LCoS displays. Wearable devices, head-up displays (HUDs), smart glasses, and head-mounted displays (HMDs) are creating demands for MEMS microdisplays.
The increasing use of augmented reality (AR) devices is predicted to enhance the demand for MEMS microdisplays in the display market. The increasing use of microdisplays in various industries like military and aerospace has created lucrative opportunities in the MEMS microdisplay market.
The LCoS shelf life of MEMS microdisplay products is a restraining factor on the growth of the MEMS microdisplay market. The number of near-to-eye applications is the latest trend in the microdisplay market.
The MEMS Microdisplay Market sector is now increasingly confident about enhancing its global profile by launching strategies, such as targeting marketing, CSR programs, etc. A significantly observable trend in the MEMS microdisplay market is that the companies now look to manage a given business-related activity in countries with favorable regulations.
The continuous advancement in DMDs (digital micromirror devices) makes projection-based display technology possible. North America is predicted to hold the largest market share in the MEMS Microdisplay market. Europe and Asia Pacific are projected to contribute significantly over the forecast period as well.
Meanwhile, several key players of the MEMS Microdisplay Market sector are increasingly involved in setting up joint ventures, acquisitions, and/or collaborations for the purpose of maximizing their target market bases by being able to connect with them both on a global and national scale.
These practices substantially reduce the cost of operations while hiring industry specialists at every critical juncture of the respective business. Authorities in emerging countries such as India, China, Taiwan, and Indonesia, etc. are enacting policies to increase foreign investment and jobs in the manufacturing sector by lowering trade tariffs and duties.
With this element combined with favorable developments in developing nations of the Asia-Pacific region such as India, China, Taiwan, Indonesia, etc., we anticipate a boost in business prospects for companies during this forecast period.
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The MEMS microdisplay market has received a lot of traction in the industry.
MEMS microdisplays, also called MEMS screens, are high-resolution screens used in magnified displays, and because of their size are usually used with augmenting optics. Microdisplays can also be used in other simple applications such as projections and near-eye displays.
The Microdisplay market is booming due to the benefits and additional features offered by OLED displays. In addition to their ability to overtake LCD and LCD and LCOS technologies, wearable devices, head-up displays (HUDs), smart glasses, and head-mounted displays (HMDs) have created a demand for microdisplay technology.
Currently, microdisplays are widely used on near-to-eye devices such as HMDs, camcorder viewfinders, video phones, and digital camera viewfinders. Innovative microdisplay technologies are used in areas such as military & defense, aerospace, healthcare, and industrial purposes, which has also driven the growth of the MEMS microdisplay market.
Increased penetration of augmented reality (AR) devices will lead to a demand increase for MEMS microdisplays in the display market. Rising demand from the military and aerospace industries, along with numerous players in the market, has created strong demand for MEMS microdisplays.
The Microdisplay market restraining factor is the shorter shelf life of LCoS, resulting in a lack of acceptance of MEMS microdisplay products. Near-to-eye applications are growing in number, restraining market growth.
Europe is expected to contribute significantly to the global market over the forecast period.
Currently, the European MEMS microdisplay market is likely to hold a share of 23.2% as it witnesses robust growth, owing to the product’s microlevel resolution and transmissive displays, which drives the adoption.
The demand for MEMS microdisplays is basically governed by the rising demand from the defense and aerospace sectors.
In addition to this, the growing need to bring improvements in the flexibility for defense-related activities and gathering real-time information is necessitating the adoption of MEMS microdisplays in Europe.
Principal Consultant
North America is forecasted to dominate the global MEMS microdisplay market with a share of 33.8%, owing to the continuous development of MEMS-based DMDs (digital micromirror devices) that are enabling projection-based display technology to be integrated into a variety of applications.
The ongoing development of MEMS-based DMDs (digital micromirror devices), which is opening up opportunities to incorporate projection-based display technology across various applications is likely to boost the growth of the North American market.
The education sector is increasingly utilizing ICT technology, which is altering traditional classroom instruction and, as a result, spurring regional market expansion.
Increased spending on microdisplay technologies, such as night vision HUDs and thermal imaging, is a result of the USA government's high military spending.
The majority of recent MEMS developments are housed within startups, which is an interesting fact.
When many new MEMS developments were on the verge of crossing the chasm in the 1998 to 1999 time frame, the situation was quite similar to what it is today, when these products are mature MEMS with large volume markets.
Alternatives to TI's Digital Light Processing (DLP) technology are being developed by Miradia Inc. (Santa Clara, California) and Reflectivity Inc. (Sunnyvale, California) for a variety of front- and rear-projection displays.
Up to two additional startups are also pursuing the use of tiny mirrors integrated into microelectromechanical systems (MEMS) to compete with TI's expanding high-end TV and business projector market share.
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Some of the leading companies operating in the global MEMS microdisplay market include Texas Instruments, Iron City Micro Display, MicroVision Inc, Cardiocomm Solutions, Casio America, Inc., Cellnovo Limited, Covidien plc, EM Microelectronic-Marin SA, Jawbone Inc. and STMicroelectronics N.V., etc.
MEMS Microdisplay Market companies are now more engaged with promotional activities such as CSR programs, targeted marketing, etc. to boost their global recognition. A trend that is becoming increasingly popular is that these organizations now aim to process economic activities in countries with favorable regulations.
In addition, several key market players in the global MEMS Microdisplay Market have been focused on setting up joint ventures, acquisitions, and/or collaborations in order to expand their respective consumer bases. By doing so, they stand to increase their given market share by being able to cater to these consumers both globally and domestically.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 19.4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global MEMS microdisplay market is set to exceed US$ 16,761.0 Million in 2032.
The USA is projected to lead the MEMS microdisplay market in the forecast period.
Texas Instruments, Iron City Micro Display, MicroVision Inc, and others are some of the renowned companies in the MEMS microdisplay market.
1. Executive Summary | MEMS Microdisplay Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032
5.3.1. Near-to-Eye
5.3.2. Projection
5.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material, 2022 to 2032
6.3.1. Chemicals & Gases
6.3.2. Photomasks
6.3.3. Glass Wafers
6.3.4. SOI Wafers
6.3.5. Si Wafers
6.4. Y-o-Y Growth Trend Analysis By Material, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Material, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Display Technologies
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Display Technologies, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Display Technologies, 2022 to 2032
7.3.1. Organic Light Emitting Diode
7.3.2. Liquid Crystal Display
7.3.3. Liquid Crystal on Silicon
7.3.4. Digital Light Processing
7.3.5. Microelectromechanical Systems
7.4. Y-o-Y Growth Trend Analysis By Display Technologies, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Display Technologies, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Application
9.2.3. By Material
9.2.4. By Display Technologies
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.3.3. By Material
9.3.4. By Display Technologies
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Application
10.2.3. By Material
10.2.4. By Display Technologies
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By Material
10.3.4. By Display Technologies
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Application
11.2.3. By Material
11.2.4. By Display Technologies
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By Material
11.3.4. By Display Technologies
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Malaysia
12.2.1.5. Singapore
12.2.1.6. Australia
12.2.1.7. New Zealand
12.2.1.8. Rest of Asia Pacific
12.2.2. By Application
12.2.3. By Material
12.2.4. By Display Technologies
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By Material
12.3.4. By Display Technologies
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa
13.2.2. By Application
13.2.3. By Material
13.2.4. By Display Technologies
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Application
13.3.3. By Material
13.3.4. By Display Technologies
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Application
14.1.2.2. By Material
14.1.2.3. By Display Technologies
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Application
14.2.2.2. By Material
14.2.2.3. By Display Technologies
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Application
14.3.2.2. By Material
14.3.2.3. By Display Technologies
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Application
14.4.2.2. By Material
14.4.2.3. By Display Technologies
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Application
14.5.2.2. By Material
14.5.2.3. By Display Technologies
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Application
14.6.2.2. By Material
14.6.2.3. By Display Technologies
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Application
14.7.2.2. By Material
14.7.2.3. By Display Technologies
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Application
14.8.2.2. By Material
14.8.2.3. By Display Technologies
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Application
14.9.2.2. By Material
14.9.2.3. By Display Technologies
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Application
14.10.2.2. By Material
14.10.2.3. By Display Technologies
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Application
14.11.2.2. By Material
14.11.2.3. By Display Technologies
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Application
14.12.2.2. By Material
14.12.2.3. By Display Technologies
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Application
14.13.2.2. By Material
14.13.2.3. By Display Technologies
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Application
14.14.2.2. By Material
14.14.2.3. By Display Technologies
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Application
14.15.2.2. By Material
14.15.2.3. By Display Technologies
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Application
14.16.2.2. By Material
14.16.2.3. By Display Technologies
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Application
14.17.2.2. By Material
14.17.2.3. By Display Technologies
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Application
14.18.2.2. By Material
14.18.2.3. By Display Technologies
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Application
14.19.2.2. By Material
14.19.2.3. By Display Technologies
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Application
15.3.3. By Material
15.3.4. By Display Technologies
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Texas Instruments
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Iron City Micro Display
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. MicroVision Inc
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Cardiocomm Solutions
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Casio America, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Cellnovo Limited
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Covidien plc
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. EM Microelectronic-Marin SA
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Jawbone Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. STMicroelectronics N.V.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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MEMS Microdisplay Market
