The Near-Eye Display Market Size & Outlook Study gives an comprehensives analysis of industry size, COVID-19 Impact analysis in various regions, its segmentation and technology advancement analysis by 2028.
This press release was orginally distributed by SBWire
Pune, Maharashtra — (SBWIRE) — 08/02/2022 — Near-Eye Display Market Scope & Overview:
In the developing fields of virtual reality (VR), augmented reality (AR), and wearable computing, near-eye displays are gaining popularity. These displays have the potential to create novel experiences that could revolutionize applications in the aerospace, defense, medical, automotive, consumer, and various other industries. The key benefits of near eye display technologies include tiny form factor, lightweight, high portability, ultra-low power consumption, and see-through capabilities, which boosts demand for them.
According to the recent research report by SNS Insider, the near-eye display market is projected to reach USD 6.47 billion by 2028, with a steady CAGR of 23.7% during the forecast period of 2022–2028.
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Major Company Profiles included in Near-Eye Display Market are listed below:
– Sony Group Corporation
– Kopin Corporation
– eMagin Corporation
– BOE Technology Group Co
– Plessey
– TriLite Technologies GmbH
– Himax Technologies Inc
– MICROOLED Technologies
– Syndiant Inc
– JBD Xianyao Display Technology
Drivers, Restraints, Opportunities, and Challenges
The growing and changing gaming culture among millennials and members of generation Z is helping VR and AR technology gain popularity, particularly in gaming-related goods and events. Additionally, to give viewers and participants in gaming events a better experience, many companies are using products that use near-eye show technology. Additionally, the increased use of VR and AR technology in the entertainment industry to produce a variety of content will hasten the growth and demand of the near-eye show market in the upcoming years. In addition, the number of near-year show products on the near-eye display market is increasing as a result of increased R&D efforts by companies and businesses.
Impact of the COVID-19 Pandemic
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the forecast period. The research provides information on COVID-19 taking into account changes in consumer demand and behavior, buying habits, supply chain rerouting, dynamics of contemporary market forces, and significant government initiatives. Insights, analyses, projections, and forecasts are covered in the latest research, which takes the market impact of COVID-19 into account. The COVID-19 epidemic also caused numerous micro display-related research and development projects, new product releases, and component supply issues to be delayed.
Major Segments and Sub-Segment of Near-Eye Display Market are Listed Below:
BY TECHNOLOGY
– Laser Beam Scanning
– TFT LCD
– LCoS
– MicroLED
– AMOLED
– OLEDOS
– DLP
BY COMPONENTS
– Image Generators
– Imaging Optics
– Optical Combiners
BY DEVICE TYPE
– AR Devices
– VR Devices
– Others
BY INDUSTRY
– Consumer
– Aerospace & Defense
– Automotive
– Medical
– Others
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Near-Eye Display Market Segmentation Analysis 2022
With the ongoing developments in the medical industry, the end-use market for near-eye displays is anticipated to grow at the quickest rate throughout the projected period. VR diagnosis, VR surgery, and AR for visualization and training support are examples of technological developments. Additionally, it is anticipated that ongoing innovations in the AR and VR markets would fuel the near-eye display market's expansion.
Within the market for near-eye displays, the type of AR devices segment recorded a sizeable income share. It is as a result of AR's growing acceptance across numerous industrial sectors. In addition, the most popular ways to enjoy augmented reality are through wearable glasses, head-mounted devices, and smartphone apps, which is fueling the phase's growth over the projection period.
OLEDOS phase achieved a significant revenue share in the market for near-eye displays thanks to technology. Silicon-based OLED, also known as OLEDoS, is the material used to create near-eye displays based on OLED technology.
Regional Analysis
North America dominated the global near-eye display market owing to significant US industry participants' investments in display technologies. The region's market is expanding as a result of rising smartphone usage, rising smart device consumption, rising demand for augmented reality and virtual reality applications in healthcare, and other factors. The main driver of the market expansion in the region is the increased adoption of new technologies by North American players and a number of other top businesses.
Table of Contents – Major key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Global Near-Eye Display Market Segmentation, By Technology
9. Global Near-Eye Display Market Segmentation, By Components
10. Global Near-Eye Display Market Segmentation, By Device Type
11. Global Near-Eye Display Market Segmentation, By Industry
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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