Near-Eye Display Market Size Projected to Reach USD 5.3 Billion by 2027, at a CAGR of 24.7%

Near-Eye Display Market Size Projected to Reach USD 5.3 Billion by 2027, at a CAGR of 24.7%
Near-Eye Display Market Size
The Global Near-Eye Display Market Size is projected to reach USD 5.3 billion by 2027, growing at a CAGR of 24.7% during the forecast period.

The global Near-Eye Display (NED) Market is anticipated to achieve remarkable growth, with its market size projected to reach USD 5.3 billion by 2027, exhibiting a robust Compound Annual Growth Rate (CAGR) of 24.7% during the forecast period from 2022 to 2027. This growth is driven by a surge in demand across various applications, particularly in augmented reality (AR) and virtual reality (VR) sectors, healthcare, automotive, and consumer electronics.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=204073371

Key Segments

Technology:

  • OLED: Expected to dominate due to its superior display quality and energy efficiency.
  • LCD: Continues to hold a significant share owing to its cost-effectiveness.
  • Micro-LED: Emerging as a strong contender with benefits such as higher brightness and longer lifespan.

 

Device Type:

  • AR Devices: Increasingly used in industrial applications and gaming.
  • VR Devices: Gaining traction in entertainment and simulation training.

 

End-Use Industry:

  • Consumer Electronics: Major driver with continuous advancements in AR/VR headsets and smart glasses.
  • Healthcare: Rising adoption in surgical procedures and training.
  • Automotive: Integration in head-up displays (HUDs) for advanced driver-assistance systems (ADAS).

 

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=204073371

Growth Drivers

Rising Demand for AR and VR: The booming AR and VR industries are significant growth drivers, with applications ranging from gaming and entertainment to training and education.

Technological Advancements: Continuous innovation in display technologies, including the development of OLED, Micro-LED, and holographic displays, is propelling market growth.

Increased Investment in R&D: Significant investments by key players in research and development are leading to the introduction of advanced NED products.

Challenges

High Costs: The high initial cost of near-eye display devices poses a significant challenge, limiting their adoption, particularly in developing regions.

Technical Limitations: Issues such as latency, resolution, and the bulkiness of devices can hinder market growth.

Regulatory Hurdles: Navigating through regulatory standards and obtaining necessary approvals can be time-consuming and costly.

View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/near-eye-display-market-204073371.html

Opportunities

Healthcare Sector: There is a growing opportunity in the healthcare sector for applications in surgery, diagnostics, and patient care.

Automotive Industry: The integration of NEDs in automotive HUDs offers substantial growth potential, especially with the rise of autonomous and connected vehicles.

Consumer Market Expansion: The expanding consumer electronics market, with a focus on smart glasses and advanced gaming solutions, presents lucrative opportunities.

Key Players

  • Sony Corporation
  • Samsung Electronics
  • Microsoft Corporation
  • Kopin Corporation
  • Himax Technologies
  • eMagin Corporation

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/near-eye-display-market-204073371.html