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Automotive Sector Deploying Microdisplays to Make Vehicles Safer

The augmenting demand for heads-up-display-(HUD)-integrated advanced driver-assistance systems (ADAS) from the automobile industry is expected to increase the microdisplay market size from $1.0 billion in 2019 to $4.0 billion by 2030. According to P&S Intelligence, the industry will register a CAGR of 13.4% during 2020–2030. ADAS has become an important part of commercial and passenger vehicles, especially in countries such as Japan, China, and the U.S., due to the increasing focus on road safety.

Since most of the road accidents, which are increasing every year, are caused by human error, the need for a system to assist drivers is rising. Additionally, the proliferation of near-to-eye (NTE) devices in the gaming, automotive, and media and entertainment industries and the military has led to the widescale adoption of microdisplays. NTE-device-based applications, such as mobile phones, HUDs, cameras, augmented reality (AR)/virtual reality (VR), and full-color projection devices, are being rapidly equipped with microdisplays. 

Microdisplay products based on organic light-emitting diodes (OLED) are being increasingly used in televisions, smartphones, and other such consumer appliances due to their multiple advantages, which include a compact size, high resolution, and better picture quality. Besides, these microdisplays are used in wearable devices that find application in sports and fitness applications, industries, defense sector, consumer electronics, and business organizations.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/microdisplay-market-outlook/report-sample

Additionally, industries such as media and entertainment and gaming are using these AR and VR devices in large quantities, whereas the military and automobile industries extensively deploy HUDs. Thus, the surging demand for smartphones and wearable devices will escalate the use of microdisplays, which is leading to the emergence of several electronics companies that are inclined toward developing patented technologies.

This market research report provides a comprehensive overview of the microdisplay market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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