The Worldwide Near-Eye Display Industry is Expected to Reach $5.3 Billion by 2027 – QNT Press Release


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 technology

OLED 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 market

With 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 market

North 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 …

Full story available on Benzinga.com



Source link

Recommended For You

About the Author: News Center