DUBLIN, May 30, 2022 /PRNewswire/ — The “Global Near-Eye Display Market by Technology (TFT LCD, OLEDoS, LCoS, MicroLED, AMOLED, DLP, Laser Beam Scanning), Device Type (AR, VR), Vertical (Consumer, Medical, Aerospace & Defense, Automotive) and Geography – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global near-eye display market is estimated to be USD 1.7 billion in 2022 and is projected to reach USD 5.3 billion by 2027, at a CAGR of 24.7% during the forecast period.
The market has a promising growth potential due to several factors, including the emergence of metaverse, surge in the use of OLEDoS microdisplays, and rising adoption of AR and VR devices.Near-eye displays are becoming popular in emerging fields of virtual reality (VR), augmented reality (AR), and wearable computing. They have the power to create novel experiences that potentially revolutionize applications in aerospace &defense, medical, automotive, consumer, and several other sectors. Further, the small form factor, light weight, high portability, very low power consumption, and the ability to see-through are some key advantages of near-eye display solutions, boosting their demand.OLEDoS: The fastest-growing segment of the near-eye display market, by technologyOLED technology-based near-eye displays are fabricated on a silicon surface called silicon-based OLED or OLEDoS. OLEDoS technology has a driving circuit based on semiconductor CMOS silicon rather than the TFT line. Hence, the technology has better specifications in terms of resolution and size than other technologies deployed in near-eye displays. Also, market players have started adopting organic growth strategies to strengthen their portfolio of OLEDoS technology-based near-eye display products. For example, SeeYA Technology started manufacturing OLEDoS displays for smart wearables in 2020. Therefore, the market for OLEDoS technology-based near-eye displays is likely to grow at the fastest rate during the forecast period.Medical: The largest growing vertical of the near-eye display marketWith the ongoing advancements in the healthcare sector, the medical industry is likely to be the fastest-growing market for near-eye displays during the forecast period. Technological advancements include VR diagnostics, VR surgery, and AR for visualization and training assistance. Further, ongoing developments in the AR and VR markets are expected to propel the growth of the near-eye display market.North America: The largest region in the near-eye display marketNorth America led the near-eye display market in 2021. Investments in display technologies made by the major players in the US have led the market growth in this region. The increased adoption of new technologies, such as LCoS, OLEDoS, and AMOLED, in the near-eye display products by North American players such as Kopin Corporation; eMagin Corporation; Syndiant, Inc.; and several other leading companies is the key driving factor for the market growth in the region. Moreover, the growing use of smartphones, the rising consumption of smart electronic devices, and the surging demand for AR and VR technologies in healthcare applications also boost the near-eye display market growth in the region. Key Topics Covered: 1 Introduction2 Research Methodology3 Executive Summary3.1 Realistic Scenario3.2 Optimistic Scenario3.3 Pessimistic Scenario
4 Premium Insights4.1 Attractive Growth Opportunities in Near-Eye Display Market4.2 Near-Eye Display Market, by Device Type4.3 Market, by Technology4.4 Market, by Country4.5 Near-Eye Display Market, by Region
5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Increasing Use of OLEDoS Microdisplays in Newer Applications Such as Projection, Imaging, Smart Glasses5.2.1.2 Surging Adoption of AR Devices in Different Verticals5.2.1.3 Growing Popularity of Metaverse5.2.2 Restraints5.2.2.1 Health Issues Associated with Excessive Use of AR and VR Devices5.2.3 Opportunities5.2.3.1 Growing Focus of Market Players on Filing Patents and Spending More on R&D Activities5.2.3.2 Increasing Investments by Technology Giants in Development of Innovative Near-Eye Display Products5.2.4 Challenges5.2.4.1 Developing Power-Efficient Near-Eye Displays with High Resolution and Brightness5.2.4.2 Minimizing Latency for AR and VR Displays5.3 Supply Chain Analysis5.4 Trends and Disruptions Impacted Customers5.4.1 Revenue Shift and New Revenue Pockets for Market Players5.5 Market Ecosystem5.6 Porter’s Five Forces Analysis5.7 Key Stakeholders & Buying Criteria5.7.1 Key Stakeholders in Buying Process5.7.2 Buying Criteria5.8 Case Studies5.8.1 Transformation of Dental Surgeries with Moverio Smart Glasses5.8.2 Virtual Reality-based Training for Employees5.9 Pricing Analysis5.9.1 Average Selling Price Trend5.10 Trade Analysis5.11 Patent Analysis, 2012-20225.12 Key Conferences & Events, 2022-20235.13 Tariff and Regulatory Landscape
6 Near-Eye Display Market, by Technology6.1 Introduction6.2 TFT LCD6.2.1 Use of Single Transistor by TFT LCD for Quicker Reaction Time Propels Market Growth6.3 AMOLED6.3.1 Pixel-By-Pixel Illumination Control, High Contrast Ratio, and Wide Viewing Angles Offered by AMOLED Technology Support Market Growth6.4 LCoS6.4.1 Diversified Applications of LCoS to Augment Its Demand for Microdisplays in Projectors, Electronic Viewfinders, and Head-Mounted Displays6.5 OLEDoS6.5.1 Application of OLEDoS Technology in VR and MR Devices Stimulates Market Growth6.6 MicroLED6.6.1 MicroLED Aims to Overcome Limitations of Both OLED and LCD Video Display Technology6.7 DLP6.7.1 Increased Brightness, Low Cost, and High Optical Efficiency are Key Advantages of DLP Technology6.8 Laser Beam Scanning6.8.1 Laser Beam Scanning Display Find Application in AR and MR Devices
7 Near-Eye Display Market, by Device Type7.1 Introduction7.2 AR Devices7.2.1 Increasing Application Areas of AR Devices to Accelerate Demand for Near-Eye Displays7.3 VR Devices7.3.1 Rising Focus of Major Players on Launching VR Devices Based on Cutting-Edge Technologies to Boost Market Growth7.4 Others
8 Components of Near-Eye Display8.1 Introduction8.2 Image Generators8.2.1 Image Generator is Near-Eye Display Component That Helps Attain Image Contrast, Resolution, and Color8.3 Optical Combiners8.3.1 Immersive and Augmented Optical Combiner is Critical Element in Near-Eye Display8.4 Imaging Optics8.4.1 Pupil Forming and Non-Pupil Forming Imaging Optics are Crucial Parts of Near-Eye Displays
9 Near-Eye Display Market, by Vertical9.1 Introduction9.2 Consumer9.2.1 Early Adoption of AR and VR Devices in Gaming Applications Bolsters Growth of Consumer Segment9.3 Automotive9.3.1 Virtual Prototyping and Driving Simulation Foster Growth of Automotive Segment9.4 Aerospace & Defense9.4.1 Simulation Training Would be Key Factor for Adoption of Near-Eye Display-based HMDs in Aerospace & Defense Vertical9.5 Medical9.5.1 Technological Advances in Healthcare Sector to Support Fastest Growth Rate of Medical Segment in Near-Eye Display Market9.6 Others
10 Near-Eye Display Market, by Region
11 Competitive Landscape11.1 Near-Eye Display Overview11.2 Market Evaluation Framework11.2.1 Product Portfolio11.2.2 Regional Focus11.2.3 Manufacturing Footprint11.2.4 Organic/Inorganic Strategies11.3 Market Share Analysis, 202111.4 Five-Year Company Revenue Analysis11.5 Company Evaluation Quadrant11.5.1 Star11.5.2 Emerging Leader11.5.3 Pervasive11.5.4 Participant11.6 Company Footprint11.7 Competitive Situations and Trends11.7.1 Product Launches11.7.2 Deals11.7.3 Others
12 Company Profiles12.1 Key Companies12.1.1 Sony Group Corporation12.1.2 Himax Technologies, Inc.12.1.3 Kopin Corporation12.1.4 eMagin Corporation12.1.5 MICROOLED Technologies12.1.6 BOE Technology Group Co. Ltd.12.1.7 Syndiant, Inc.12.1.8 Plessey12.1.9 JBD Xianyao Display Technology12.1.10 TriLite Technologies GmbH12.1.11 Texas Instruments Incorporated12.1.12 EXALOS AG12.1.13 Samsung Electronics Co. Ltd.12.1.14 Tianma Microelectronics Co. Ltd.12.2 Other Players12.2.1 HOLOEYE Photonics AG12.2.2 Compound Photonics12.2.3 Shenzhen Anpo Intelligence Technology Co. Ltd.12.2.4 SeeYA Technology Corporation12.2.5 Optecks, LLC.12.2.6 Shenzhen Microtech Technology Co. Ltd.12.2.7 Shenzhen Toppop Electronic Co. Ltd.12.2.8 Shanghai Top Display Optoelectronics Technology Co. Ltd.12.2.9 Truly International Holdings Ltd.12.2.10 Hupan Optoelectronics Technology (Jiangsu) Co. Ltd.12.2.11 OQmented GmbH12.2.12 Infineon Technologies AG12.2.13 STMicroelectronics12.2.14 Ultimems Inc.12.2.15 MicroVision12.2.16 Mirrorcle Technologies Inc.12.2.17 Maradin Ltd.
13 Appendix
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