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Virtual Retinal Display Market Status, Revenue, Growth Rate, Services and Solutions- Forecast to 2023
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Virtual Retinal Display Market – Synopsis
Virtual retinal display scans low energy modulated laser light onto the viewers retina to create perception of a virtual image. The virtual retinal display device scans an image, just like any ordinary CRT, one pixel at a time. It receives input video signals from a video camera and then uses these signals to modulate light according to the intensity of pixel from the light source. The output of virtual retinal display is an image with excellent quality and of high resolution without any flickering or distortion. The technology is developed so as to overcome the limitations related to image quality, resolution and cost related issues associated with the current display technology. Optimized power consumption and capability to provide clear display of an image even in the most flickering and inconsistent environments is driving the demand for virtual retinal displays. Also, the it has the potential to provide low cost display options which generates huge opportunities for the market in the years to come. On the other hand, the lack of awareness and threat of damaging the retina against some harmful light radiations in the VRD technology remains a major restraining factor for the market growth.
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The virtual retinal display market is segmented on the basis of components, vertical and region. On the basis of component, the market is segmented into optics, driver & controller electronics, light source and others. By vertical the market is segmented into healthcare, aerospace and defense, consumer electronics, automotive and others. Among all the segment, the healthcare segment is expected to have considerable growth opportunities as the healthcare segment have its applications in radiology, therapeutics and surgery.
Also, the virtual retinal displays are used to help patients having low vision. The key players in the market include 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).
Virtual Retinal Display Market - Key Players:
The prominent players in the virtual retinal display 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).
Virtual Retinal Display 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 Market - Regional Analysis:
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.
North America is expected to dominate the virtual retinal display technology market during the forecast period owing to the higher adoption of augmented reality and virtual reality in the gaming & entertainment industry in this region. Also, due to the presence of key players such as Microsoft, Google and Oculus are positively affecting the market growth in this region.
The market for virtual retinal display technology market in the Asia-Pacific region is expected to grow at the highest rate due to the increasing demand for technically advanced products in the gaming & entertainment industry.
Virtual Retinal Display Market - Competitive Analysis
Virtual retinal display has exceptional benefits such as higher resolution, enhanced contrast and better brightness ratio, wider viewing angle and light weight over the existing display technologies in the market. Owing to these benefits many companies and small startups are investing huge sums for boosting the development of this technology for further commercialization of the product. The market sees a strong competition due to presence of the technological giants such as Google and Microsoft and also some of the upcoming startups such as Magic Leap and Occulus with their innovative product launches. Key players in the market adopt various organic and inorganic strategies and actively aim at increasing participation through partnerships and new product launches in order to expand their operations and offerings to better target potential customers.
Display technology vendors
Start-up companies in display technology
End-user industry players
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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
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
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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