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Waveguide-Type Optical Display Element Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 310 | Report ID: MRS1039


Report Description

The global Waveguide-Type Optical Display Element market size is estimated at USD 2,800.6 million in 2020, expanding at a CAGR of 4.9% from 2021-2027.

Market Dynamics

Waveguide-Type Optical Display Element market is expected to witness significant growth over the forecast period. With the increasing waveguide-type display application across wearable devices, head-mounted displays are projected to boost the market growth. In addition, Optical waveguide, due to its thin and light nature, is an unparalleled choice for consumer-grade augmented reality (AR) glasses. Further, these waveguide displays are affordable and available easily. These displays find their application in AR glasses. The benefits of waveguide technology in HMDs have foreseen several alternative waveguide display technologies and configurations emerge for Head-mounted Display applications.

By type, waveguides are mainly of two types as Holographic waveguides and reflective waveguides. Waveguide displays have proved to be a radical enabling technology that allows high-performance display device solutions to be created in an innovative way. It has also provided the user with see-through daylight readable displays and offers the combination of a very large eye box. Holographic Optical Waveguide is an optical technology that reduces size and mass whilst liberating the designer from many of the constraints inherent in conventional optical solutions. All these benefits are estimated to foster market growth.

North America is estimated to dominate the global market. The increasing demand for head-mounted displays, and AR glasses is contributing to market growth. Europe is estimated to behold the second largest market share in the global market. On the other hand, Asia Pacific is projected to grow at the fastest CAGR during the forecast period. The increasing adoption of optical technology in the display segment is expected to bolster the market growth. Latin America is expected to hold a significant amount of market share.

The Waveguide-Type Optical Display Element market is fragmented into type and application segments. Based on type, the holographic waveguide segment is anticipated to dominate the market. By application, the wearable display segment is projected to grow at the highest CAGR during the forecast period.

The Waveguide-Type Optical Display Element market is highly competitive in nature with the few international players dominating the global market. Major players in the industry indulge in strategic merger & acquisition, collaborations, and new product development to remain competitive in the market.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Waveguide-Type Optical Display Element by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Lumus
  • Microsoft HoloLens
  • Digilens
  • Magic Leap One
  • TruLifeOptics
  • Waveoptics
  • Apple (Akonia Holographics)
  • Vuzix

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Holographic Waveguides
  • Reflective Waveguides

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Wearable Displays
  • Laptop
  • Tablets

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Waveguide-Type Optical Display Element market size is estimated at USD xxx million in 2020, expanding at a CAGR 4.9% from 2021-2027 to reach xxx million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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