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
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.)
Table Of Content
1. Waveguide-Type Optical Display Element Market Overview
1.1. Product Overview and Scope of Waveguide-Type Optical Display Element
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Waveguide-Type Optical Display Element Market Size Growth Rate Analysis by Type2020 VS 2027
1.3.1. Holographic Waveguides
1.3.2. Reflective Waveguides
1.4. Global Waveguide-Type Optical Display Element Consumption Comparison by Application: 2020 VS 2027
1.4.1. Wearables Displays
1.4.2. Laptop
1.4.3. Tablets
1.5. Global Waveguide-Type Optical Display Element Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Waveguide-Type Optical Display Element Estimates
1.5.2. Europe Waveguide-Type Optical Display Element Estimates
1.5.3. China Waveguide-Type Optical Display Element Estimates
1.5.4. Japan Waveguide-Type Optical Display Element Estimates
2. Market Competition by Manufacturers
2.1. Global Waveguide-Type Optical Display Element Revenue Market Share by Manufacturers (2020)
2.2. Waveguide-Type Optical Display Element Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Waveguide-Type Optical Display Element Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Waveguide-Type Optical Display Element Production Sites, Area Served, Product Types
2.5. Waveguide-Type Optical Display Element Market Competitive Situation and Trends
2.5.1. Waveguide-Type Optical Display Element Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Waveguide-Type Optical Display Element Consumption by Region (2016-2021)
3.1. Global Waveguide-Type Optical Display Element Consumption by Region
3.2. Global Waveguide-Type Optical Display Element Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Waveguide-Type Optical Display Element Consumption Growth Rate (2016-2021)
3.2.3. North America Waveguide-Type Optical Display Element Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Waveguide-Type Optical Display Element Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Waveguide-Type Optical Display Element Consumption Growth Rate (2016-2021)
3.2.7. Europe Waveguide-Type Optical Display Element Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Waveguide-Type Optical Display Element Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Waveguide-Type Optical Display Element Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Waveguide-Type Optical Display Element Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Waveguide-Type Optical Display Element Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Waveguide-Type Optical Display Element Consumption Growth Rate (2016-2021)
3.2.15. South America Waveguide-Type Optical Display Element Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Waveguide-Type Optical Display Element Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Waveguide-Type Optical Display Element Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Waveguide-Type Optical Display Element Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Waveguide-Type Optical Display Element Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Waveguide-Type Optical Display Element Consumption by Type (2016-2021)
4.1. Global Waveguide-Type Optical Display Element Price by Type (2016-2021)
4.2. Global Waveguide-Type Optical Display Element Revenue Market Share by Type (2016-2021)
4.2.1. Holographic Waveguides
4.2.2. Reflective Waveguides
5. Global Waveguide-Type Optical Display Element Consumption by Application (2016-2021)
5.1. Global Waveguide-Type Optical Display Element Price by Application (2016-2021)
5.2. Global Waveguide-Type Optical Display Element Revenue Market Share by Application (2016-2021)
5.2.1. Wearable Displays
5.2.2. Laptop
5.2.3. Tablets
6. Key Companies Profiled
6.1. Lumus
6.1.1. Lumus Waveguide-Type Optical Display Element Corporation Information
6.1.2. Lumus Waveguide-Type Optical Display Element Product Portfolio
6.1.3. Lumus Waveguide-Type Optical Display Element Consumption, Price and Gross Margin (2016-2021)
6.1.4. Lumus Main Business and Markets Served
6.1.5. Lumus Recent Developments/Updates
6.2. Microsoft HoloLens
6.3. Digilens
6.4. Magic Leap One
6.5. TruLifeOptics
6.6. Waveoptics
6.7. Apple (Akonia Holographics)
6.8. Vuzix
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Waveguide-Type Optical Display Element Distributors List
7.3. Waveguide-Type Optical Display Element Customers
8. Market Dynamics
8.1. Waveguide-Type Optical Display Element Industry Trends
8.2. Waveguide-Type Optical Display Element Growth Drivers
8.3. Waveguide-Type Optical Display Element Market Challenges
8.4. Waveguide-Type Optical Display Element Market Restraints
9. Global Waveguide-Type Optical Display Element Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Waveguide-Type Optical Display Element, by Regions and Country
9.1.1. North America Forecasted Consumption of Waveguide-Type Optical Display Element by Country
9.1.2. Europe Market Forecasted Consumption of Waveguide-Type Optical Display Element by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Waveguide-Type Optical Display Element by Region
9.1.4. Latin America Forecasted Consumption of Waveguide-Type Optical Display Element by Country
9.1.5. Middle East and Africa Forecasted Consumption of Waveguide-Type Optical Display Element by Country
10. Global Waveguide-Type Optical Display Element Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Waveguide-Type Optical Display Element by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Waveguide-Type Optical Display Element by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Design
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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