Ultra HD Spurring Huge Growth in Global Microdisplay Market: TechNavio Reports

LONDON - March 31, 2014 - PRLog -- TechNavio, an independent tech-focused global research firm, reports that use of microdisplays in rear projection televisions is a major factor in significant growth of the Global Microdisplay Market, which is posting a CAGR of 33.31 percent through 2018.

An increase in high-definition video content including Ultra HD and 4K TV has resulted in a huge demand for even higher definition TVs. Plasma and LCD TVs use technologies such as LCD panels, LCOS chips, DLP chips, LEDs and OLEDs to deliver stunning images.

“These technologies provide customers with better quality products and offer features such as better sound systems and high-definition picture quality. Thus, vendors are implementing advanced technologies to improve the quality of the product and reduce the manufacturing costs,” say senior TechNavio analysts.

“There are many drivers contributing to the growth of the Global Microdisplays Market, but the most important is the increasing usage of microdisplays in rear projection TVs. Microdisplays are used in TVs to increase the voice and image clarity as they reduce the overall cost.”

Microdisplays sets have sharper, brighter pictures that remain clear right to the edges of the screen. They also maintain their image quality over time.

TechNavio analysts note that growth in this market is slightly at odds with the flagging consumer electronics market, which is only growing at a CAGR of 5.59 percent for the next four years. Consistent innovation, shorter product lifecycles and intense competition among vendors are creating strong conditions for consumers, but simultaneously challenging market growth in this area.

However technology like microdisplays and Ultra HD will ultimately boost market revenue and continue driving market growth over time.

To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the Global Microdisplays Market (http://www.technavio.com/report/global-microdisplays-mark...) and Global Consumer Electronics Market (http://www.technavio.com/report/global-consumer-electroni...) please send an e-mail to media@TechNavio.com

About TechNavio

TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.

TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Microdisplays Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.

Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.