Growing Use of HUD-Integrated ADAS Driving Microdisplay Market Expansion


 The global microdisplay market was valued at $1,145.6 million in 2020, and it is predicted to progress at a CAGR of 17.1% from 2020 to 2030. The major factors driving the expansion of the market are the growing use of heads-up display (HUD)-integrated advanced driver assistance systems (ADAS), owing to the rising incidence of road accidents, especially in China, the U.S., and Japan, and surging number of near-to-eye (NTE) applications. 

According to the Federal Motor Carrier Safety Administration (FMCSA), the U.S. launched a project to facilitate the use of ADAS in the trucking industry in 2019 due to the ability of ADAS to mitigate the prevalence of road crashes, injuries, and fatalities. The government allocating $0.65 million to the project, which is predicted to be completed by the end of 2021. Besides, the burgeoning need for microdisplays in NTE applications is also driving the microdisplay market. These screens are being increasingly adopted in NTE devices, such as personal electronics like cameras and mobile phones, HMDs, and AR/VR headsets.

Get More Insights: Microdisplay Market Revenue Estimation and Growth Forecast Report

Depending on technology, the market is divided into liquid crystal on silicon (LCoS), organic light-emitting diode (OLED), digital light processing (DLP), and liquid crystal display (LCD) categories. Out of these, the OLED category is predicted to demonstrate the fastest growth in the market in the coming years owing to the mushrooming utilization of OLED screens in TVs, smartphones, and other electronic appliances. These screens are highly compact in size and provide a high pixel density, which is encouraging the players operating in the market to invest heavily in them. 

The microdisplay market is also classified, on the basis of end user, into industrial, consumer electronics, automotive, military and defense, retail and hospitality, sports and entertainment, and medical devices. Out of these, the consumer electronics category held the largest share in the market in 2020. This is credited to the large-scale use of microdisplays in virtual reality (VR) devices and digital cameras, on account of the ballooning requirement for wide viewing angle and clearer image among customers. 


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