Skip to main content

Business Impacts of COVID-19 on Microdisplay Market Strategies of Major Industry Competitors

Every year, over 1 million people die in road accidents, as per the World Health Organization (WHO). The saddest thing about this is perhaps that most of the accidents are preventable, only if people paid more attention to the road, kept a safe distance from vehicles in front, and drove within the legal speed limit. But, since that might be too much to ask, governments around the world are making advanced driver assistance systems (ADAS) mandatory in vehicles, so that the driver gets some much-needed help.

Apart from HUDs, other applications of microdisplays, which are essentially small, high-resolution screens, are near-to-the-eye (NTE) devices, such as electronic viewfinders (EVF) and head-mounted displays (HMDs). Such displays are used in a wide range of industries, including consumer electronics, automotive, military & defense, industrial, retail & hospitality, sports & entertainment, and medical.



With the increasing disposable income of people and want for a more-immersive experience while playing videogames, studying, or shopping, the augmented reality/virtual reality (AR/VR) technology is gaining widespread popularity, thereby driving the demand for microdisplay-integrated HMDs. Similarly, HMDs, along with HUDs, are widely used in high-end fighter aircraft.

Among these, the usage of such devices has been, so far, the highest in the consumer electronics industry, due to the high demand for wide-view-angle displays that offer clearer images. In the coming years, with the rising demand for ADAS, the usage of microdisplays will burgeon in the automotive sector. In the same way, the growing popularity of AR/VR is set to drive the demand for such devices in the sports & entertainment space.

Therefore, with the increasing demand for high-resolution displays for automotive digital instrument clusters, consumer electronics, and even fighter aircraft, sales of microdisplays will continue to boom.

Comments

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...

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...

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...