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Microdisplay Market worth $3.0 billion in 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, Aug. 16, 2024 /PRNewswire/ — The microdisplay market is expected to reach USD 3.0 billion in 2029 from USD 1.3 billion in 2024, expanding at a CAGR of 18.2% during the forecast period according to a new report by MarketsandMarkets™. The increase in demand for microdisplays is due to the integration of displays into various devices such as wearables and near-to-eye devices. The market may grow due to factors such as technological improvements in microdisplays such as MicroLED and OLEDoS technology, miniaturization trend in consumer electronics, increased usage of HMDs across a number of sectors, and growing global adoption of ADAS and HUDs in automotive sector.

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Browse in-depth TOC on “Microdisplay Market” 

100 – Tables
60 – Figures
250 – Pages

Microdisplay Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 1.3 billion

Estimated Value by 2029

$ 3.0 billion

Growth Rate

Poised to grow at a CAGR of 18.2%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Product, Technology, Vertical, Resolution and Brightness & Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Reduction in display latency

Key Market Opportunities

Advancements in Micro LED technology

Key Market Drivers

Growing demand for micro displays in wearable devices

NTE segment likely to lead the product segment during the forecast period.

The-NTE-devices-is projected to hold major-market-share-of-the-microdisplay-market-in-2029. NTE-devices include cameras, EVFs, and Head-Mounted Displays (HMDs). These devices are small, portable, and lightweight. They are equipped with microdisplays that point to the elements to be identified or viewed. Microdisplays are becoming more popular for use in applications involving cameras and electronic viewfinders (EVFs) than head-mounted displays. AR Head-Mounted Displays (HMDs) have been employed in pre-hospital care, clinical nursing, and inpatient medical therapy. While AR HMDs use microdisplays to reduce device size and enhance battery efficiency, VR HMDs provide users with computer-generated experiences within simulated environment. VR headsets are employed in various areas, including healthcare, retail, gaming and entertainment, and e-commerce.

Higher than FHD and 500 to 1000 nits’ segment are expected to expand at the highest CAGR in the resolution & brightness segment.

The higher than FHD segment of the microdisplay market is forecast to have the most rapid growth in terms of CAGRs by 2029. Head-mounted displays often use microdisplays in this segment due to their immersive experiences and enhanced image quality. Higher FHD microdisplays have resolutions greater than 1920×1080. Also, in the brightness segment, the 500 to 1000 units on microdisplay market is likely to expand at highest CAGR during 2024 to 2029 periods. This growth trend has been attributed to increasing use of microdisplays in head-mounted devices and heads-up displays within a brightness range of 500-1000 nits.

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Asia Pacific is estimated to account for the largest market share in the global microdisplay market by 2029.

Asia Pacific is projected to lead the microdispaly industry from 2024 to 2029. In addition to the fact that Japan is home to several prominent EVF vendors, Asia-Pacific is expected to continue to have the highest demand for microdisplays to be used in NTE devices during the projected timeframe. Major camera manufacturers are based in Asia Pacific region. For instance, Canon, Nikon, and Sony together comprises of more than 90% of the camera market. As a result, Japan’s demand for microdisplays fuels expansion in the microdisplay market throughout the region. Furthermore, Asia Pacific is predicted to be the largest LCD microdisplay market from 2024 to 2029. LCD microdisplays are in high demand in cameras, EVFs, and projectors, with the majority of vendors located in this region. The market in this region is predicted to grow rapidly, driven mostly by growing economies and an increasing number of small- and medium-sized enterprises, as well as government-imposed digital transformation regulations.

Key Players

Seiko Epson Corporation (Japan), SeeYA Technology (China), Sony Group Corporation (Japan), Kopin Corporation (US), Himax Technologies, Inc. (Taiwan), and HOLOEYE Photonics AG (Germany) are some of the major companies in the microdisplay companies.  

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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Augmented and Virtual Reality Market by Enterprise, Technology (Augmented Reality, Virtual Reality), Offering (Hardware, Software), Device Type (HMDs, HUDs, Gesture Tracking Devices), Application and Region – Global Forecast to 2029

Micro-LED Market Size, Share, Industry Growth, Trends & Analysis by Application (Display (Smartwatch, NTE Device, Smartphone and Tablet, Television, Digital Signage), Lighting (General, Automotive)), Display Panel Size, Vertical and Region 2027

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Hyundai Motor Group Showcases Integrated Hydrogen Solutions at World Hydrogen Expo 2026

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Hyundai Motor Group presents hydrogen technologies spanning production, mobility, and urban and industrial applications at World Hydrogen Expo 2026Showcases modular PEM electrolysis systems scalable to the megawatt level and W2H technologies, highlighting capabilities for large-scale hydrogen productionDisplays passenger, commercial and rail mobility solutions, alongside advanced fuel cell systems, fleet management and automated refuelingPresents hydrogen ecosystem scenarios for Saemangeum AI Valley and key industrial hubs, while advancing investment and global collaboration

SEOUL, South Korea, Nov. 4, 2026 /CNW/ — Hyundai Motor Group (the Group) opened its exhibition at World Hydrogen Expo 2026 (WHE 2026), showcasing hydrogen technologies and solutions across production, mobility and applications for cities and industries.

Held November 4–6 at KINTEX in Goyang, Korea, WHE 2026 brings together about 190 companies and organizations from 12 countries through an exhibition, global conference and business partnership programs. Under the theme ‘Hydrogen Moves to Market: Making Bankable Projects Work,’ the event provides a platform for companies, governments and academia to share hydrogen technologies and business opportunities and explore areas of collaboration.

Through its dedicated hydrogen brand and business platform, HTWO, the Group has organized its exhibition around three key themes: hydrogen production infrastructure, hydrogen mobility and integrated hydrogen ecosystems for cities and industries. Together, the exhibits demonstrate how hydrogen can connect production and mobility with a broader range of end-use applications.

On the opening day of WHE 2026, Hyundai Motor Group Vice Chair Jaehoon Chang visited the Group’s exhibition booth and those of other participating companies to review the latest hydrogen technologies and business developments on display.

What Hydrogen Production Technologies Is the Group Showcasing?

The Group is presenting two approaches to hydrogen production: modular polymer electrolyte membrane (PEM) electrolysis and locally integrated waste-to-hydrogen (W2H) solutions.

What Does the Group’s Hydrogen Mobility Display Include?

The mobility display spans passenger vehicles, commercial vehicles (CV) and rail, and highlights solutions for CV operation, fleet management and refueling. 

Where Can Integrated Hydrogen Ecosystems Be Applied?

The Group is presenting scenarios that connect hydrogen production and use based on local energy resources, infrastructure and demand. The scenarios span cities, ports, logistics operations, manufacturing sites and future cities.

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Newsroom, Genesis Newsroom

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SOURCE Hyundai Motor Group

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GomSpace Strengthens Global Commercial Organization with Appointment of New Vice Presidents of Sales for APAC and EMEA

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Appointments reinforce GomSpace’s global growth strategy and strengthen regional customer engagement across Europe, the Middle East, Africa, and Asia-Pacific.

STOCKHOLM, Nov. 4, 2026 /PRNewswire/ — GomSpace, announces the appointment of Anand Iqbal Gulati as Vice President Sales, APAC and Benjamin Hamel as Vice President Sales, EMEA. The appointments mark a significant step in GomSpace’s continued commitment to strengthening its global commercial presence and supporting customers across key international markets.

As part of its evolving commercial strategy, GomSpace has established dedicated sales leadership for three regions: North America, EMEA (Europe, Middle East and Africa), and APAC (Asia-Pacific). The new regional structure is designed to bring the company closer to customers, enhance market responsiveness, and support the growing demand for advanced space solutions worldwide.

Anand Iqbal Gulati joins GomSpace as Vice President Sales, APAC, bringing extensive experience in sales, business development, and strategic market expansion across Asia. Based in Singapore, Anand has built a strong track record working with government, defense, national security, and commercial organizations throughout the region. Prior to joining GomSpace, he served as Head of Sales, Cyber Solutions APAC at Rheinmetall, where he consistently exceeded sales targets and developed a robust regional business pipeline. He has also held senior sales leadership roles with Xolaris and SES Satellites, giving him deep insight into the space and satellite sectors.

“Asia-Pacific represents one of the most dynamic and rapidly growing space markets in the world,” says Carsten Drachmann, CEO of GomSpace. “Anand’s extensive regional experience, strong customer relationships, and proven ability to grow businesses make him exceptionally well positioned to lead our expansion across APAC. We are delighted to welcome him to the GomSpace team.”

Benjamin Hamel has been appointed Vice President Sales, EMEA. With more than 20 years of experience spanning aerospace, space technology, aviation, and international business development, Benjamin brings extensive commercial leadership expertise to GomSpace. Throughout his career, he has successfully led growth initiatives, strategic partnerships, and customer engagement programs across global markets. His background includes leadership roles within the aerospace and technology sectors, where he developed a reputation for building high-performing commercial organizations and driving sustainable business growth.

“Benjamin’s impressive international experience and customer-centric approach will be invaluable as we continue to strengthen our position across EMEA,” says Carsten Drachmann. “His understanding of complex technology markets and ability to develop long-term strategic relationships align perfectly with GomSpace’s ambitions for future growth.”

The appointments underscore GomSpace’s commitment to investing in commercial excellence as the company continues to support customers in the defense, security, scientific, and commercial space sectors. With dedicated regional leadership teams now in place, GomSpace is well positioned to accelerate growth, deepen customer engagement, and expand access to its flight-proven space technologies across global markets.

For more information from GomSpace, please contact:

Anne Breüner (Head of Corporate Affairs)
Tel: +45 40 200 192
E-mail: anbr@gomspace.com 

Caroline Schwob (Marketing & Communication Director)
Tel: +33 680 042 226
E-mail: casc@gomspace.com 

About GomSpace Group AB
Founded in 2007, GomSpace is a global provider of small satellite solutions with customers in more than 60 countries. The company’s business operations are mainly conducted through the wholly owned Danish subsidiary, GomSpace A/S, with headquarters and operational facilities in Aalborg, Denmark. GomSpace also has key operations in Luxembourg, France, and the United States. GomSpace develops and delivers advanced systems and services that enable governments, commercial enterprises, and research institutions to achieve their objectives in space. The company’s expertise covers satellite subsystems, complete small satellite missions, and satellite operations, providing solutions that support smarter, faster, and more affordable access to space. The company is listed on Nasdaq First North Premier Growth Market in Stockholm under the ticker GOMX. FNCA Sweden AB is the Company’s Certified Adviser. For more information, please visit www.gomspace.com.

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SOURCE GomSpace A/S

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Taiwan’s Unmanned Vehicle Alliance Unveils Smart UAV and Vehicle Management System to Empower Japan’s Smart Cities

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TOKYO, Nov. 4, 2026 /PRNewswire/ — As Japan accelerates its national transition toward resilient urban infrastructure and automated logistics, Taiwan’s Unmanned Vehicle Alliance (UVA)—led by Global Shield Robotics (GSR)—has been advancing its comprehensive expansion into the Japanese market since April 2026. To mark this milestone, the GSR_UVA Alliance will host the “Taiwan Unmanned Vehicle Supply Chain Japan Industry Seminar” on November 10, 2026, from 13:30 to 17:00 at Meeting Room 2 on the 28th floor of Conrad Tokyo. Bringing together 17 elite Taiwanese hardware and software innovators, the alliance introduces a unified, non-China supply chain ecosystem spanning smart UAV command platforms, automated parking, and intelligent fleet logistics.

Driven by Japan’s stringent supply chain security standards and ongoing demographic shifts, municipal agencies and infrastructure operators are urgently adopting trustworthy automated solutions. The consortium bridges key technological gaps by integrating Taiwan’s world-class ICT, AI edge computing, and precision manufacturing with robust cyber-secure architectures. Among its core offerings, the alliance provides an integrated C2 platform featuring real-time AI computer vision and 3D spatial monitoring for disaster response, alongside 3drens’ InstaTMS platform to optimize last-mile dispatch routes with real-time IoT tracking.

“Our objective is not merely exporting hardware, but delivering a trusted, end-to-end operational framework,” said a spokesperson for Global Shield Robotics. “By integrating custom AIoT software with specialized hardware components, we offer Japanese partners a reliable, secure alternative aligned with Japan’s MIC technical standards and Level 4 BVLOS flight mandates.”

The alliance targets strategic partnerships with major Japanese System Integrators, government authorities, and top-tier logistics entities. Supported by Taiwan’s Small and Medium Enterprise and Startup Administration (SMESA) and Taiwan Innovative Software and Services Association (TISSA), the coalition plans to showcase its integrated solutions at an upcoming B2B2C technology summit in Tokyo this September, aiming to forge deeper cross-border cooperation and drive next-generation smart city transformations.

About Unmanned Vehicle Alliance (UVA)

Led by Global Shield Robotics under the guidance of Taiwan’s SMESA, the Unmanned Vehicle Alliance brings together 17 leading technology providers across UAV platforms, AI servers, SaaS logistics, RF systems, and precision components. The alliance is committed to providing secure, reliable, and integrated autonomous solutions for international markets.

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SOURCE Global Shield Robotics Co. Ltd.

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