The Virtual Retinal Displays Market is segmented by Component (Video Electronics, Light Source & Modulator, Scanner, Holographic Optical Element, Other), Application (Engineering, Medical, Communication, Sports, Military, Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
The Virtual Retinal Displays Market is segmented by Component (Video Electronics, Light Source & Modulator, Scanner, Holographic Optical Element, Other), Application (Engineering, Medical, Communication, Sports, Military, Others), and Region ...
The Virtual Retinal Displays market is projected to grow from USD 7.6 million in 2020 to USD 66.5 million by 2026 at a CAGR of around 44.6% during the forecast period.
Virtual retinal display also known as retinal scan display is defined as display technology that draws a raster display directly onto the retina of the eye. The virtual retinal display comprises various components including video electronics, light source & modulator, scanner, holographic optical element, and others.
COVID-19 Impact
The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the virtual retinal displays market negatively for a short period as the imposition of complete lockdown and restrictions on trade affected the product supply and demand for a short period.
Key Players
Key players operating in the Virtual Retinal Displays market are-
Texas Instruments (US)
Human Interface Technology Laboratory (India)
Microvision Inc (US)
Google LLC (US)
Avegant Corporation (US)
Oculus VR (US)
eMagin Corporation (US)
Vuzix (US)
Rockwell Collins (US)
Sony Group Corporation (Japan)
Konica Minolta, Inc. (Japan)
HTC Corporation (Taiwan)
Brother Industries, Ltd. (Japan)
Lumus (Israel)
Daqri LLC (US)
Oculon Optoelectronics, Inc. (Taiwan).
Market Dynamics
The growth of the virtual retinal displays market is primarily driven by increasing product demand in numerous applications including sports, engineering, and entertainment among others. The rising adoption of advanced technologies such as virtual reality and augmented reality in the gaming and entertainment industry is likely to drive the growth of the virtual retinal displays market at a significant rate during the review period. In addition to this, growing emphasis on new product development and increasing investment in R&D activities is likely to create lucrative opportunities for the players operating in the global market in the coming years.
The virtual retinal displays market has been bifurcated into engineering, medical, communication, sports, military, and others. Under these, the sports segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The medical segment is projected to grow at a significant CAGR on account of increasing product adoption in the medical industry.
Regional Analysis
The market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high adoption rate of advanced technologies in the end-use industries coupled with the presence of key market players such as Texas Instruments (US) and Google LLC (US). The market growth in the Asia-Pacific region is expected to be driven by increasing awareness about the benefits of the product.
Target Audience
Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-
Distributors
Suppliers
Manufacturers
Logistics organizations
Government bodies
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Virtual Retinal Displays Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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The growth of the virtual retinal displays market is primarily driven by increasing product demand in numerous applications including sports, engineering, and entertainment among others. The rising adoption of advanced technologies such as virtual reality and augmented reality in the gaming and entertainment industry is likely to drive the growth of the virtual retinal displays market at a significant rate during the review period.
