Because Near-Eye Displays are widely used in market products, the market for Near-Eye Displays is likely to rise at a rapid pace during the forecast period. The widespread use of the technology in head-mounted VR and AR displays allows users to have immersive experiences in extended reality. In Europe, the market for VR and AR technologies is predicted to more than quadruple during the projection period. Aside from that, the increasing adoption of these technologies in areas with considerable prowess in Europe, such as fashion and technology, as well as gaming, is propelling the Near-Eye Display Market forward.
European Near-Eye Display Market Scope and Research Methodology:
The report majorly focuses on the European Near-Eye Display market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the European Near-Eye Display market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the European Near-Eye Display market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the European Near-Eye Display industry. The bottom-up approach was used to estimate the regional and European Near-Eye Display market size. By using Secondary research, major European Near-Eye Display key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the European Near-Eye Display industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.
European Near-Eye Display Market Report Overview:
The European Near-Eye Display Market has been forecasted by region, type, and application, with sales and revenue. The European Near-Eye Display Market research highlights the market share, main suppliers, distributors, changing price patterns, and the raw material supply chain. The market report gives companies deep insights into the European Near-Eye Display industry dynamics.
European Near-Eye Display Market size was valued at US $ 380 Million in 2021 and the total Market revenue is expected to grow at 30 % through 2022 to 2027, reaching nearly US $ 1.76 Billion.
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European Near-Eye Display Market Segmentation:
The Europe Near-Eye Display Market is classified into TFT LCD, AMOLED, OLEDoS, LCoS, and MicroLED based on technology. In 2021, the TFT LCD had the biggest market share. This is because the display consumes less power while giving a more detailed, color-accurate display with enhanced brightness. LCoS leverages common CMOS methods to produce microdisplays with excellent resolution and low fabrication costs, making it the preferred production technology for companies such as Germany’s Holoeye Photonics AG. The long lifespan of LCoS-based products are employed in industrial projection, EVF systems, and AR/VR applications.
AMOLED technology is being employed by Europe Region firms such as Microoled Technologies from France in its smart glasses that use Near-Eye Displays due to its great display contrast and power savings capabilities due to selective illumination of pixels.
MicroLEDs demonstrate that they are a new and emerging choice among their competitors. Factors like as the ability to be used in daylight, as opposed to its existing competitors, set the stage for significant expansion in the technology’s market share over the predicted period.
Near-eye displays based on OLED technology in Europe are known as silicon-based OLED or OLEDoS. Instead of a TFT line, OLEDoS technology use a CMOS silicon driving circuit.
The Europe Near-Eye Display Market is classified into Consumer, Medical, Aerospace and Defense, and segments. In 2021, the consumer market category held the highest market share. The Consumer Segment of the Near-Eye Display Market is growing due to rise in gaming, VR markets, and immersive experience modules. The Aerospace and Defense segments are also expected to increase significantly during the predicted period. This is due to the adaption of 3D modeling and industrial design implementations utilized by leading players to achieve a competitive advantage. Europe is a pioneer in numerous medical applications of the Near-Eye Display Market.
European Near-Eye Display Market Key Players:
MICROOLED Technologies (France)
EXALOS AG (Switzerland)
TriLite Technologies GmbH (Austria)
HOLOEYE Photonics AG (Germany)
Infineon Technologies AG (Germany)
OQmented GmbH (Germany)
STMicroelectronics (Switzerland)
European Near-Eye Display Market Regional Analysis:
The European Near-Eye Display market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the European Near-Eye Display market in these countries.
Key Questions answered in the European Near-Eye Display Market Report are:
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