Virtual Retinal Display Market
Market Highlights:
Worldwide virtual retinal display market is expected to grow from USD 2.68 million in 2017 to USD 23.84 million by 2023, at a compound annual growth rate (CAGR) of 44.30% during the forecast period. Virtual Retinal Display (VRD) is a new technology that creates visual images by scanning low power laser light directly onto the retina. Images thus obrained are bright, high contrast and of high resolution. The existing display technologies require compromises that prevent full implementation of VR and AR which are overcome by virtual retinal display. The virtual retinal display provides several major advantages over current display technologies such as color range, resolution, luminance and viewing modes, contrast ratio, power consumption and cost.
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).
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Regional Analysis:
The global market for virtual retinal display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of virtual retinal display is covered for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the virtual retinal display market being a technically adavanced region and due the presence of many key players in the region such as Goggle and Microsoft. Also the existence of emerging startups primarily focusing on the display technologies such as Occulus and MagicLeap are a major driving force behind the growth of virtual retinal display market in this region. Further, the rising demand for augmented reality and virtual reality in the region is expected to drive the growth of this market, over the forecast period.
