Skip to main content

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
Labels:

Comments

Post a Comment

Popular posts from this blog

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

3D Printing Ceramics Market Research by Products & Services, Components & Geography

The technology has created immense opportunities for product designing and helped in consolidating product assembly processes. Ceramics are mainly used for printing plates, cups, and other cutlery items. Ceramic prototypes are also used in high temperature application areas in the aerospace and automotive industries. Get a free sample copy of this report @  https://www.psmarketresearch.com/market-analysis/3d-printing-ceramics-market/report-sample Rapid growth in the 3D printing ceramics market is driven by rise in demand for 3D printing in the dental industry and product modification, and development in various end-use industries. 3D printing is gaining demand in the healthcare industry, especially for dental applications. Ceramics are being preferred for 3D printing of orthopedic and dental implants, and heart valves, due to their characteristics such as inertness, porosity, resistance to high wear, high compression strength, and capability to mold into a variety of shapes...
Post a Comment
Read more