The sales of microdisplays are rising all over the world. This is fueling the expansion of the global microdisplay market. As a result, the value of the market is predicted to grow from $1.0 billion in 2019 to $4.0 billion by 2030. Furthermore, the market is predicted to progress at a CAGR of 13.4% between 2020 and 2030. HUDs, projectors, and NTE devices are the main types of microdisplays used all over the world.

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Out of these, the sales of projectors were observed to be the highest during the last few years. Moreover, the demand for these systems is predicted to grow massively in the future years. This will be because of the increasing usage of data projectors in the business and education sectors. Additionally, the surging utilization of 3D projection and digital screens in various emerging applications is also boosting the demand for projectors around the world.

Geographically, the sales of microdisplays were found to be the highest in the Asia-Pacific (APAC) region in the past years. According to the estimates of P&S Intelligence, a market research company based in India, the microdisplay market will register huge growth in the APAC region in the future years. This will be because of the existence of several microdisplay manufacturing companies in the region and the rising sales of automobiles and consumer electronic products in the regional countries.

Hence, it can be safely said that the demand for microdisplays will soar across the world in the forthcoming years, mainly because of their rising requirement in the gaming and media and entertainment industries and the growing adoption of HUDs and ADAS in vehicles.