PUBLISHER: TechSci Research | PRODUCT CODE: 1348817
PUBLISHER: TechSci Research | PRODUCT CODE: 1348817
Virtual Retinal Display Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Technology, By End-User Industries, By Region, Competition
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Global Virtual Retinal Display market is anticipated to grow during the forecast period, 2024-2028. The demand for Virtual Retinal Display is expected to increase the use of virtual retina displays (VRD) in the simulation & training, entertainment, and healthcare sectors. The market for virtual retinal displays is primarily driven by convenient features including low power consumption and the capacity to produce high-resolution images in real time.
Moreover, the demand for small, lightweight wearables that can provide users with the required data in real-time. The gaming, entertainment, and sports industries are seeing an increase in demand for these devices. For a range of applications, such technology is also necessary in the engineering and medical fields. VRD makes it simple to produce images that may be viewed in ambient daylight as well as in natural light. A surgical display would benefit greatly from using VRD because of its high brightness, contrast, and resolution. Moreover, research indicates that VRDs have a substantial commercial potential as a display option for persons with poor vision.
The widespread use of VRD technology is also anticipated in training and simulation activities since it reduces training costs by simulating the experience and does not require a physical setup. The application of virtual retinal display technology is constrained by a few issues. Due to the lack of radiation protection in VRD technology, the possibility of retinal injury continues to be a concern. The images transmitted through virtual retinal displays could conflict with actual objects, distracting users. Future applications for virtual retinal display technologies include instant message viewing, presenting with notes streamed to your eyes, getting directions while driving to a location, and viewing recipes while cooking.
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 0.51 Billion |
| Market Size 2028 | USD 3.99 Billion |
| CAGR (2023-2028) | 41.39% |
| Fastest Growing Segment | Electronics |
| Largest Market | North America |
A new head-mounted display device called a virtual retinal display (VRD), also known as a retinal projector, projects visual pictures utilising modulated lasers or scanning, low-power liquid crystal displays (LCDs) directly onto the retina of the human eye. Users can view high-resolution images in real time thanks to the device's probing of red, green, and blue light beams over the retina from a coherent photon source. Bright, full-color, high-contrast, and resolution dynamic displays can be produced with VRD with little power consumption. Additionally, they give people the impression that they are viewing a large display floating in the air. As a result, VRD is frequently used to treat and improve the vision of people with visual impairments. In addition to this, it has a wide range of uses in the military, aviation and tactical, engineering, gaming and entertainment, sports, and healthcare industries.
Increasing Demand For Higher-Quality Image Projection Technologies
The demand for VRD devices in augmented and virtual reality (AR/VR) applications, particularly in the entertainment and gaming industries, has been enabled by the increased requirement for improved quality picture projection technologies, which is majorly driving the market expansion. In keeping with this, the increasing use of VRDs across numerous industries is contributing to growth due to their enlarged field of view (FoV), content connection, and high levels of privacy. Additionally, the market is expanding due to the widespread use of VRDs in surgical displays and their potential for use in therapeutic treatments. In addition, the market is expected to grow owing to the increasing use of technology in the engineering sector, which enables field workers to obtain critical data like operational protocols and circuit diagrams instantly. Additionally, the growing use of VRDs for training and simulation in the aerospace industry is boosting market growth by simulating the experience and doing away with the need for actual props. In addition, the development of lightweight, portable devices with wide-angle, high-resolution displays, and the advancement of display technologies that offer radiation protection to reduce risks of retinal damage are having a favourable impact on market growth.
Advantages of Technology Over Screen-Based Devices
In comparison to a screen-based display, a screenless display has a wider viewing angle and uses less hardware components, which is expected to boost market growth. When compared to other screen-based device providers, the VRD system, which consists of light sources, optics, and controllers, may be fitted on a spectacle frame, enhancing design benefits for market vendors. The VRD technology is anticipated to displace existing screen-based AR gaming devices owing to its low power consumption feature (caused by the use of fewer diodes to convey images to the consumer's eye). Additionally, retinal projectors offer images and video with a high resolution that flat panel displays are unable to match.
Market Segmentation
Global Virtual Retinal Display market is segmented on the basis of technology and end-user industries. Based on technology, the market is segmented into optics, driver and controller electronics, light source, and others. Based on end-user industries, the market is further segmented into media and entertainment, aerospace and defense, healthcare, and others.
Market Player
Major market players in the global virtual retinal display market are Avegant Corporation, Magic Leap Inc., QD Laser Co. Ltd, Himax Technologies Inc., Innovega Inc., Omnivision Technologies Inc., Optinvent, Vuzix Corporation, Texas Instruments Inc., and Analogix Semiconductor.
Report Scope:
In this report, the Global Virtual Retinal Display market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Virtual Retinal Display Market, By Technology:
- Optics
- Driver and Controller
- Electronics
- Light Source
- Others
Virtual Retinal Display Market, By Industry Vertical:
- Media And Entertainment
- Aerospace And Defense
- Healthcare
- Others
Virtual Retinal Display Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe
- Germany
- United Kingdom
- France
- Russia
- Spain
- Belgium
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Middle East
- Saudi Arabia
- South Africa
- UAE
- Israel
- Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Virtual Retinal Display market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Virtual Retinal Display Market
4. Executive Summary
5. Voice of Customers
6. Global Virtual Retinal Display Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Technology (Optics, Driver and Controller, Electronics, Light Source, Others)
- 6.2.2. By End-User Industries (Media And Entertainment, Aerospace And Defense, Healthcare, Others)
- 6.2.3. By Region
- 6.3. By Company (2022)
- 6.4. Market Map
7. North America Virtual Retinal Display Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By End-User Industries
- 7.2.3. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Virtual Retinal Display Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Technology
- 7.3.1.2.2. By End-User Industries
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Canada Virtual Retinal Display Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Technology
- 7.3.2.2.2. By End-User Industries
- 7.3.2.1. Market Size & Forecast
- 7.3.3. Mexico Virtual Retinal Display Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Technology
- 7.3.3.2.2. By End-User Industries
- 7.3.3.1. Market Size & Forecast
- 7.3.1. United States Virtual Retinal Display Market Outlook
8. Asia-Pacific Virtual Retinal Display Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By End-User Industries
- 8.2.3. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Virtual Retinal Display Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.3. By Technology
- 8.3.1.4. By End-User Industries
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Virtual Retinal Display Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Technology
- 8.3.2.2.2. By End-User Industries
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Virtual Retinal Display Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Technology
- 8.3.3.2.2. By End-User Industries
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Virtual Retinal Display Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Technology
- 8.3.4.2.2. By End-User Industries
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Virtual Retinal Display Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Technology
- 8.3.5.2.2. By End-User Industries
- 8.3.5.1. Market Size & Forecast
- 8.3.6. Singapore Virtual Retinal Display Market Outlook
- 8.3.6.1. Market Size & Forecast
- 8.3.6.1.1. By Value
- 8.3.6.2. Market Share & Forecast
- 8.3.6.2.1. By Technology
- 8.3.6.2.2. By End-User Industries
- 8.3.6.1. Market Size & Forecast
- 8.3.7. Malaysia Virtual Retinal Display Market Outlook
- 8.3.7.1. Market Size & Forecast
- 8.3.7.1.1. By Value
- 8.3.7.2. Market Share & Forecast
- 8.3.7.2.1. By Technology
- 8.3.7.2.2. By End-User Industries
- 8.3.7.1. Market Size & Forecast
- 8.3.1. China Virtual Retinal Display Market Outlook
9. Europe Virtual Retinal Display Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By End-User Industries
- 9.2.3. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Virtual Retinal Display Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Technology
- 9.3.1.2.2. By End-User Industries
- 9.3.1.1. Market Size & Forecast
- 9.3.2. United Kingdom Virtual Retinal Display Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Technology
- 9.3.2.2.2. By End-User Industries
- 9.3.2.1. Market Size & Forecast
- 9.3.3. France Virtual Retinal Display Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Technology
- 9.3.3.2.2. By End-User Industries
- 9.3.3.1. Market Size & Forecast
- 9.3.4. Russia Virtual Retinal Display Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Technology
- 9.3.4.2.2. By End-User Industries
- 9.3.4.1. Market Size & Forecast
- 9.3.5. Spain Virtual Retinal Display Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Technology
- 9.3.5.2.2. By End-User Industries
- 9.3.5.1. Market Size & Forecast
- 9.3.6. Belgium Virtual Retinal Display Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.1.1. By Value
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Technology
- 9.3.6.2.2. By End-User Industries
- 9.3.6.1. Market Size & Forecast
- 9.3.7. Italy Virtual Retinal Display Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.1.1. By Value
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Technology
- 9.3.7.2.2. By End-User Industries
- 9.3.7.1. Market Size & Forecast
- 9.3.1. Germany Virtual Retinal Display Market Outlook
10. South America Virtual Retinal Display Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By End-User Industries
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Virtual Retinal Display Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Technology
- 10.3.1.2.2. By End-User Industries
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Argentina Virtual Retinal Display Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Technology
- 10.3.2.2.2. By End-User Industries
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Colombia Virtual Retinal Display Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Technology
- 10.3.3.2.2. By End-User Industries
- 10.3.3.1. Market Size & Forecast
- 10.3.4. Peru Virtual Retinal Display Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Technology
- 10.3.4.2.2. By End-User Industries
- 10.3.4.1. Market Size & Forecast
- 10.3.5. Chile Virtual Retinal Display Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Technology
- 10.3.5.2.2. By End-User Industries
- 10.3.5.1. Market Size & Forecast
- 10.3.1. Brazil Virtual Retinal Display Market Outlook
11. Middle East & Africa Virtual Retinal Display Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Technology
- 11.2.2. By End-User Industries
- 11.2.3. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Virtual Retinal Display Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Technology
- 11.3.1.2.2. By End-User Industries
- 11.3.1.1. Market Size & Forecast
- 11.3.2. South Africa Virtual Retinal Display Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Technology
- 11.3.2.2.2. By End-User Industries
- 11.3.2.1. Market Size & Forecast
- 11.3.3. UAE Virtual Retinal Display Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Technology
- 11.3.3.2.2. By End-User Industries
- 11.3.3.1. Market Size & Forecast
- 11.3.4. Israel Virtual Retinal Display Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Technology
- 11.3.4.2.2. By End-User Industries
- 11.3.4.1. Market Size & Forecast
- 11.3.5. Turkey Virtual Retinal Display Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Technology
- 11.3.5.2.2. By End-User Industries
- 11.3.5.1. Market Size & Forecast
- 11.3.1. Saudi Arabia Virtual Retinal Display Market Outlook
12. Market Dynamics
- 12.1. Drivers
- 12.1.1. Increasing Demand For Higher-Quality Image Projection Technologies
- 12.1.2. Advantages Of Technology Over Screen-Based Devices
- 12.1.3. Increasing Need For Dynamic And Engaging Text And Images
- 12.2. Challenges
- 12.2.1. Organizational barriers to data preparation
- 12.2.2. High costs associated with manual labeling of complex images.
13. Market Trends & Developments
- 13.1. Increasing application in Healthcare Industry
- 13.2. Rise In Technological Development
- 13.3. Government Initiatives
- 13.4. Demand for enhanced user experience
- 13.5. Elevating employment of VRD in the engineering industry
14. Company Profiles
- 14.1. Avegant Corporation
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/Services
- 14.2. Magic Leap Inc.
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. QD Laser Co. Ltd
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. Himax Technologies Inc.,
- 14.4.1. Corporation
- 14.4.2. Business Overview
- 14.4.3. Key Revenue and Financials
- 14.4.4. Recent Developments
- 14.4.5. Key Personnel
- 14.4.6. Key Product/Services
- 14.5. Innovega Inc.,
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. Omnivision Technologies Inc.
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. Optinvent
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. Vuzix Corporation
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Texas Instruments Inc.
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. Analogix Semiconductor
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
15. Strategic Recommendations
16. About Us & Disclaimer
