Press Release / Technology / Virtual Retinal Display Market Growth, Trends, Opportunities, Segmentation and Forecast to 2023

Virtual Retinal Display Market Growth, Trends, Opportunities, Segmentation and Forecast to 2023

Virtual Retinal Display (VRD) Market is expected to grow from USD 2.68 million in 2017 to USD 23.84 million by 2023, at a compound annual growth rate (CAGR) of 44.30% during the forecast period. The global market for virtual retinal display market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of virtual retinal display market is studied for North America, Europe, Asia-Pacific, and the rest of the world.

Virtual Retinal Display (VRD) Market Key Players:

The prominent players in the Virtual Retinal Display (VRD) Market are Avegant Corporation (US), Google Inc (US), Occulus VR (US), Magic Leap (US), Human Interface Technology Laboratory (New Zealand), Texas Instruments (US) and Microvision Inc (US).

Other players in the virtual retinal display market are Vuzix Corp (US), HTC Corp. (Taiwan), Sony Corp. (Japan), Innovega Inc. (US) and Brother Industries Ltd. (Japan).

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Virtual Retinal Display (VRD) Market - Highlights:

Virtual Retinal Display (VRD) is a new technology that creates visual images by scanning low power laser light directly onto the retina. Images thus obrained are bright, high contrast and of high resolution. The existing display technologies require compromises that prevent full implementation of VR and AR which are overcome by virtual retinal display. The virtual retinal display provides several major advantages over current display technologies such as color range, resolution, luminance and viewing modes, contrast ratio, power consumption and cost.

Optimum power consumption and capability of transmitting light to provide a clear display of an image even in the most fluctauting and inconsistent environments is driving the growth of virtual retinal displays. However, lack of awareness and threat of damaging the retina against radiation in VRD technology is a major concern which is expected to hamper the growth of virtual retinal display market.

Virtual Retinal Display (VRD) Market - Segmentation.

By Component, the market is segmented into optics, driver and controller electronics, light source and others.

By Vertical, the market is segmented into automotive, healthcare, consumer electronics, aerospace & defense and others.

By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world

Virtual Retinal Display (VRD) Market - Regional Analysis:

The global market for virtual retinal display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of virtual retinal display is covered for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the virtual retinal display market being a technically adavanced region and due the presence of many key players in the region such as Goggle and Microsoft. Also the existence of emerging startups primarily focusing on the display technologies such as Occulus and MagicLeap are a major driving force behind the growth of virtual retinal display market in this region. Further, the rising demand for augmented reality and virtual reality in the region is expected to drive the growth of this market, over the forecast period.

The Asia pacific region is expected to grow at the fastest rate owing to the rising demand in consumer electronics and gaming appliactions from the developing countries such as India, China, Japan and South Korea. Further, the rising trend of augmented and virtual reality is expected to drive the market in the years to come.

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

LIST OF TABLES

Table 1 Global Virtual Retinal Display Market, By Region, 2018–2023

Table 2 North America: Virtual Retinal Display Market, By Country, 2018–2023

Table 3 Europe: Virtual Retinal Display Market, By Country, 2018–2023

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LIST OF FIGURES

FIGURE 1 Global Virtual Retinal Display Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Virtual Retinal Display Market

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