Global Microdisplays Market to Grow 32% Annually to 2016 Says New Research
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According to the report “Global Microdisplays Market By Technology, Products & Applications (2011 – 2016)” the display industry has advanced from using the heaviest material called the Cathode Ray Tube (CRT) to efficient displays such as Organic Light Emitting Diode (OLED). The advancements have been witnessed in the market in the last forty years due to the explosion of computers of sizes ranging from mainframes to palmtops and now to displays that are less than an inch diagonally.
The 176 page report predicts that the global microdisplays market will reach $995.0 million by 2016 from just about $250 million in 2011 at a CAGR of 31.82% from 2011 to 2016. The use of these displays in the head mounted displays will indirectly help the microdisplays market to increase. These head mounted displays are used extensively in the military and the medical field.
The combination of different types of display technologies has helped the existing microdisplay market to expand in the areas of defence and medicine. Different technologies are specifically used for applications based on the features and performance of these technologies. The microdisplays are compact small sized displays with very high resolutions and a large number of pixels.
Due to slump in the market in 2008, the market for microdisplays was hit and a lot of companies either closed down or were acquired by the other companies. The market is now on the rise due to increase in the use of microdisplays in smart phones and televisions.
Read more about the report “Global Microdisplays Market By Technology, Products & Applications (2011 – 2016)”
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