Miniaturized display units with screen sizes and resolution in the micro-levels are called microdisplays. Their small size makes them eligible to be used in a wide variety of applications, such as head-mounted displays and digital cameras, as the screen takes up small space. They are also used in data projectors and rear-projection TVs. The growing advanced driver-assistance system usage is also propelling the demand for microdisplays globally. Since ADAS assists drivers in driving and parking the vehicle, it increases car and road safety.

Most road accidents occur due to human error, which is why ADAS is being developed to adapt, enhance, and automate the vehicle technology, for offering better driving safety. This system uses a camera and sensors to detect a nearby obstacle and respond accordingly, to prevent any mishap. It also automates lighting, offers satellite navigation and traffic warnings, assists in safe lane departure, and enables adaptive cruise control, thereby preventing collisions. Microdisplays are an essential component of head-up displays, which have themselves become important for proper ADAS functioning.

Read More: Microdisplay Market Analysis and Demand Forecast Report

Other than ADAS, the rising number of near-to-eye (NTE) applications will propel the microdisplay market value to $5,535.6 million by 2030 from $1,145.6 million in 2020, at a high compound annual growth rate of 17.1%. Various NTE devices utilize these screens, such as HMDs, mobile phones, cameras, and AR/VR devices. Therefore, the surging demand for AR and VR devices in the media and entertainment industry reflects a high demand for microdisplays globally. This is itself attributed to people’s rising disposable income, primarily in developing countries, such as India, China, Brazil, Mexico, Indonesia, and Vietnam.

In this regard, another key factor propelling the sale of such components is the rising military spending around the world. HUDs and HMDs are widely used in fighter aircraft, either on the aircraft itself or in pilots’ helmets. Moreover, sniper rifle scopes, specifically the electronic ones, have microdisplays. Moreover, HMDs are used to train military personnel before being trained in real-world environments with live ammunition. Similarly, HMD-based training is now being widely imparted in the healthcare sector to paramedics and surgeons.