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A recent report published by Infinium Global Research on near eye display market provides in-depth analysis of segments and sub-segments in the global as well as regional near eye display market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional near eye display market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global near eye display market.
When using a near-eye display, the eye converts light from the pupil to create an image on the retina. Near-eye displays are display measurement systems that people mount on their heads. These devices are used in augmented reality systems and smart glasses. There are three components of the near-eye display component. The first optical component for near-eye displays is the image generator. The image generator is a Light-emitting Diode (LED). image generator is a Light-emitting Diode (LED). Secondly, Optical combiners play different roles in immersive and augmented reality displays. In an immersive display, the combiner is often used as a power splitter that distributes light from the image generator to the imaging optics in front of one or both eyes. Lastly, imaging optics, there are two design approaches for imaging optics – pupil forming and non-pupil forming. Pupil-forming near-eye display measurement systems create an immediate picture between the image generator and the eye. Non-pupil-forming near-eye displays don’t make a direct image; therefore, they can be less accurate than their pupil counterparts.
Virtual Reality (VR) and Augmented Reality (AR) are emerging as the next-gen computing platform, poised to supplant smartphones and computers. AR seamlessly merges virtual elements like graphics and captions with the real world, preserving the user's natural view. At the core of AR lies the Near-eye Display (NED), a wearable device that fuses real and virtual visuals, enabling simultaneous viewing. VR and AR are experiencing a significant uptick in various sectors: gaming, entertainment, education, healthcare, engineering, automotive, and more. As a result, the demand for AR and VR is gaining popularity and the demand for near-eye displays is also rising. Additionally, the increasing adoption of near-eye displays in the aerospace and defense sectors is a significant market growth driver. As governments respond to heightened geopolitical tensions and security challenges, they are ramping up investments in defense technologies. Near-eye displays play a pivotal role in empowering military personnel with advanced situational awareness, improved target acquisition capabilities, and heightened combat efficiency. Moreover, these displays are a game-changing innovation for the aerospace industry, mitigating distractions and amplifying the capabilities of tower controllers, especially in challenging low-visibility conditions and during nighttime operations. However, the health effects of near-eye display eyes such as visual distortions are expected to hamper the growth of the market. The market has an opportunity for growth due to the rising investments from tech industry leaders in the development of cutting-edge near-eye displays.
Asia Pacific commands a substantial market share in the near-eye display industry. This is attributed to the region's rapid technological advancements, increasing adoption of augmented and virtual reality applications across various sectors, and a burgeoning consumer base. Asia Pacific is home to several manufacturers including Sony Group Corporation, HimaX Technologies, and several others. Additionally, investments are on the upswing in countries like China, Japan, South Korea, and India, particularly in healthcare, defense, aerospace, and automotive sectors. As a result, the demand for near-eye display technology is anticipated to witness significant growth in this region. As Asia Pacific continues to witness economic growth and industrial development, it remains a pivotal hub for innovation and market expansion, making it a dominant player in the global near-eye display market. Additionally, North America is anticipated to be the fastest-growing region. North America is expected to hold a significant share of the market as the region has tech giants such as Meta, Apple, and Microsoft who are working on various AR/VR technologies using near-eye displays.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 1.75 Billion |
| Market Size by 2030 | USD 11.09 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 25.97% |
| Largest Market | Asia Pacific |
| No. of Pages | 255 |
| Market Drivers |
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| Market Segmentation | By Technology, By Device Type, and By End User Vertical |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global near eye display market covers segments such as technology, device type, and end user vertical. On the basis of technology, the sub-markets include tft lcd, oleds, lcos, micro-led, amoled, dlp, and laser beam scanning. On the basis of device type, the sub-markets include ar, and vr. On the basis of end user vertical, the sub-markets include consumer, medical, aerospace & defence, and automotive.
The report provides profiles of the companies in the market such as TriLite Technologies GmbH, Himax Technologies, Inc., Kopin Corporation, Jade Bird Display(JBD), Sony Corporation, MICROOLED Technologies, BOE Technology Group Co., Ltd., SYNDIANT, Plessey, and eMagin.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the near eye display market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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