Microdisplay Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Microdisplay Market Report is Segmented by Type of Technology (Traditional [LCOS, LCD, DLP], OLED-On-Si, Microled), Application (Consumer and Automotive [Augmented Reality/Virtual Reality Headsets, Automotive HUDs, Traditional Applications {Projection/Camera}], Defense), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The Market Sizes and Forecasts are Provided Regarding Value (USD) for all the Above Segments.

Microdisplay Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Microdisplay Market Size

Microdisplay Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 2.48 Billion
Market Size (2030) USD 7.27 Billion
CAGR (2025 - 2030) 24.00 %
Fastest Growing Market Asia Pacific
Largest Market Americas
Market Concentration Low

Major Players

Microdisplay Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Microdisplay Market Analysis

The Microdisplay Market size is estimated at USD 2.48 billion in 2025, and is expected to reach USD 7.27 billion by 2030, at a CAGR of 24% during the forecast period (2025-2030).

  • Modern devices are rapidly becoming compact, portable, and convenient and are used to present graphical and pictorial information. These devices must be compact and straightforward with a high-resolution display. The market for microdisplays is growing significantly as more people consider using EVFs or projectors in several sectors. Given that demand for AR smart glasses is set to increase over the next few years, microdisplays have vital growth potential.
  • Microdisplays contribute to market growth for drivers and passengers by providing critical information when integrated into ADAS (advanced driver assistance systems) or autonomous vehicles. Research and development efforts are focused on manufacturing flexible and foldable microdisplays that will allow new form factors for a wide range of mobile devices and wearables.
  • Most HMD systems use LCD microdisplays because they have excellent image quality and a small form factor. Magnifiers, eyepieces, or projection lenses may be used for collimating optics. A compact and light system with high image performance is always preferred for HMD systems. Technological developments in technology and immersive experiences have led to a surge in demand for head-mounted displays, especially in the gaming and entertainment sectors. Concurrently, market growth for microdisplays is driven by the increasing adoption of HMDs in health monitoring devices in healthcare, defense, and education.
  • The cost of producing microdisplays can be considerable, particularly for those with advanced features such as large resolution and brightness. This may lead to reduced adoption, particularly in cost-sensitive consumer electronics applications. Microdisplays have complex production processes for the manufacture of semiconductors, requiring specialized facilities and qualified personnel. As a result, production delays and higher costs can occur, thus hindering the market's growth.
  • While there have been substantial advances in microdisplays over the years, macroeconomic factors, such as several engineering issues, still exist, which prevent them from being broadly adopted for numerous challenging applications, including virtual reality head-mounted displays. The critical challenge for microdisplay manufacturers is expected to be the development of many collections that are compact in form factor and achieve a wide field of view and high resolution.

Microdisplay Industry Overview

The microdisplay market is very competitive and highly concentrated due to various large and small players. All the major players account for a significant market share and focus on expanding the global consumer base. Some significant players in the market are OLEDWorks, eLux Inc., Mojo Vision Inc., Kopin Corporation, and eMagin. Several companies are increasing their market share by forming collaborations, partnerships, and acquisitions and introducing new and innovative products to earn a competitive edge during the forecast period.

  • March 2024: OLEDWorks LLC, located in Rochester, was granted an OTA (Other Transactional Agreement) worth approximately USD 8.6 million by the US government. The US Army supervises the development and enhancement of advanced OLED microdisplays for consumer and defense uses. These microdisplays are intended for head-mounted display use in the Augmented and Virtual Reality sectors.
  • January 2024: Kopin Corporation and Micledi Microdisplays collaborated to create advanced microLED displays for next-generation vision solutions. The collaboration aims to design, develop, and manufacture microLED displays with a more immersive and information-rich AR experience suitable for high-brightness light conditions. MICLEDI's microLED technology, when paired with Kopin's advanced backplane design expertise, seeks to develop microLED displays that cater to the challenging requirements of new applications while addressing the limitations of existing technologies.

Microdisplay Market Leaders

  1. OLEDWorks

  2. eLux, Inc.

  3. Mojo Vision Inc.

  4. Kopin Corporation

  5. eMagin

  6. *Disclaimer: Major Players sorted in no particular order
Microdisplay Market Concentration
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Microdisplay Market News

  • February 2024: Kopin Corporation, a company that offers optical solutions designed for specific applications and high-performance micro-displays for defense, enterprise, consumer, and medical products, was granted a new contract from the Naval Air Warfare Center for Small Business Innovation Research (SBIR). This contract involves Kopin utilizing the extensive experience of over 30 years in developing micro-displays in the United States to create advanced microdisplays specially designed for lensless computational imaging.
  • January 2024: Mojo Vision developed a prototype of a full-color microLED microdisplay. It combines red, green, and blue sub-pixels into one panel to create an initial full-color microdisplay. Mojo Vision utilized its high-performance QD materials and integration process for this prototype. The display prototype features 1.3 um blue LEDs. The company developed microLED microdisplay technologies specifically designed for the AR market. It developed the world's highest-density displays and smallest microLED devices, achieving up to 28,000 PPI using sub-micron LEDs.

Microdisplay Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumption and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Threat of New Entrants
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Technology Snapshot
  • 4.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Adoption of Microdisplays in Consumer Electronics and AR/VR applications
    • 5.1.2 Increasing Demand for Head-Mounted Devices in Different Industries
  • 5.2 Market Restraints
    • 5.2.1 High Manufacturing Costs of Microdisplays

6. MARKET SEGMENTATION

  • 6.1 By Type of Technology
    • 6.1.1 Traditional (LCoS, LCD, DLP)
    • 6.1.2 OLED-on-Si
    • 6.1.3 MicroLEDs
  • 6.2 By Application
    • 6.2.1 Consumer & Automotive
    • 6.2.1.1 Augmented Reality/Virtual Reality Headsets
    • 6.2.1.2 Automotive HUDs
    • 6.2.1.3 Traditional Applications (Projection/Camera, Others)
    • 6.2.2 Defense
    • 6.2.3 Others
  • 6.3 By Geography***
    • 6.3.1 North America
    • 6.3.2 Europe
    • 6.3.3 Asia
    • 6.3.4 Australia and New Zealand
    • 6.3.5 Middle East and Africa
    • 6.3.6 Latin America

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 OLEDWorks
    • 7.1.2 eLux Inc.
    • 7.1.3 Mojo Vision Inc.
    • 7.1.4 Kopin Corporation
    • 7.1.5 eMagin
    • 7.1.6 LG Electronics
    • 7.1.7 JBD (Jade Bird Display)
    • 7.1.8 Sony Semiconductor Solutions Corporation
    • 7.1.9 Seiko Epson Corporation
    • 7.1.10 Himax Technologies Inc.

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
***In the final report, Asia, Australia, and New Zealand will be studied together as 'Asia-Pacific'
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Microdisplay Industry Segmentation

For market estimation, the revenue generated from the sale of types of technology offered by different market players for a diverse range of applications is tracked. The market trends are evaluated by analyzing the investments made in product innovation, diversification, and expansion. Further, advancements in consumer and automotive defense applications are crucial in determining the growth of the market studied.

The microdisplay market is segmented by type of technology (traditional [LCOS, LCD, DLP], OLED-on-si, microLED), application (consumer and automotive [augmented reality/virtual reality headsets, automotive HUDs, traditional applications {projection/camera}], defense), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America). The market sizes and forecasts are provided regarding value (USD) for all the above segments.

By Type of Technology Traditional (LCoS, LCD, DLP)
OLED-on-Si
MicroLEDs
By Application Consumer & Automotive Augmented Reality/Virtual Reality Headsets
Automotive HUDs
Traditional Applications (Projection/Camera, Others)
Defense
Others
By Geography*** North America
Europe
Asia
Australia and New Zealand
Middle East and Africa
Latin America
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Microdisplay Market Research FAQs

How big is the Microdisplay Market?

The Microdisplay Market size is expected to reach USD 2.48 billion in 2025 and grow at a CAGR of 24% to reach USD 7.27 billion by 2030.

What is the current Microdisplay Market size?

In 2025, the Microdisplay Market size is expected to reach USD 2.48 billion.

Who are the key players in Microdisplay Market?

OLEDWorks, eLux, Inc., Mojo Vision Inc., Kopin Corporation and eMagin are the major companies operating in the Microdisplay Market.

Which is the fastest growing region in Microdisplay Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Microdisplay Market?

In 2025, the Americas accounts for the largest market share in Microdisplay Market.

What years does this Microdisplay Market cover, and what was the market size in 2024?

In 2024, the Microdisplay Market size was estimated at USD 1.88 billion. The report covers the Microdisplay Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Microdisplay Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Microdisplay Industry Report

Statistics for the 2025 Microdisplay market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Microdisplay analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.