Global Microdisplay Market Set to Generate $4.0 Billion Revenue in 2030
The rising adoption of HUDs and ADASs in both commercial and passenger vehicles is a major factor augmenting the growth of the microdisplay market across the world. Due to the increasing prevalence of road accidents, the governments of many countries are implementing strict safety regulations for automobiles. This is causing a sharp rise in the integration of advanced safety systems such as ADASs in vehicles, especially in Japan, the U.S., and China.
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In the U.S., the Federal Motor Carrier Safety Administration (FMCSA) launched a project aimed at increasing the integration of ADASs in trucks all over country, on account of the ability of the systems to significantly reduce the occurrence of accidents, injuries, and fatalities. Moreover, because of the rising awareness among the masses about vehicular and passenger safety, the original equipment manufacturers (OEMs) are increasingly integrating HUDs in their vehicles for displaying important vehicle-related information.
The microdisplay market is categorized, on the basis of technology, into DLP (digital light processing), LCoS (liquid crystal on silicon), LCD, and OLED (organic light emitting diode)....
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