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​The microdisplay market is expected to generate a revenue of $4.0 billion by 2030, increasing from $1.0 billion in 2019, and is projected to advance at a 13.4% CAGR during the forecast period (2020–2030). In terms of technology, the market is categorized into digital light processing, liquid crystal display, OLED, and liquid crystal on silicon.

Owing to the growing adoption of these displays, the global microdisplay market is predicted to progress at a considerable rate in the years to come. These days, the utilization of organic light-emitting diode (OLED) microdisplays demand has been growing rapidly as well. These displays are increasingly being utilized in consumer electronics, particularly virtual reality devices, as they have a compact size, high resolution, and better picture quality than traditional display technologies.

Among all these, the OLED category is projected to advance at the fastest pace during the forecast period. This is owing to the growing utilization of OLED microdisplays in televisions, smartphones, and other consumer appliances. Moreover, the demand for smartphones is surging across the globe, which is further driving the demand for OLED microdisplays. 
Advanced driver assistance systems (ADAS) are increasingly being integrated in both commercial and passenger vehicles, which can be owing to the rising need for safety on roads. The automotive industry has been focusing widely on enhancing the safety features of vehicles for providing drivers with improved driving experience and making roads safer and more secure. 

This market research report provides a comprehensive overview of the microdisplays market

  • Historical and the present size of the microdisplays 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
 

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