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Because Near-Eye Displays are widely used in market products, the market for Near-Eye Displays is likely to rise at a rapid pace during the forecast period. The widespread use of the technology in head-mounted VR and AR displays allows users to have immersive experiences in extended reality. In Europe, the market for VR and AR technologies is predicted to more than quadruple during the projection period. Aside from that, the increasing adoption of these technologies in areas with considerable prowess in Europe, such as fashion and technology, as well as gaming, is propelling the Near-Eye Display Market forward.
European Near-Eye Display Market Report Scope and Research Methodology:
The main goal of the report is to provide a thorough analysis of the European Near-Eye Display market in simple language, including both qualitative and quantitative data. It also includes a detailed examination of the European Near-Eye Display market drivers, restraints, challenges, and opportunities from 2022 to 2027. The report examines all major aspects of the European Near-Eye Display market, including a value chain analysis, PESTLE analysis, Porter's Five Forces model, market forecasts in terms of value competitive landscape, benchmarking of key players, market dynamics, and future market trends.
The size of the and regional European Near-Eye Display markets was estimated using the bottom-up method. To obtain accurate and error-free findings on the European Near-Eye Display market, data was gathered using both primary and secondary research methods, and data was gathered using both methodologies. As part of the primary research, interviews were conducted with industry participants, subject-matter experts, high-level executives of key market players, industry consultants, and other experts. Secondary research entails gathering data for the European Near-Eye Display market report from a pre-selected set of sources. The PESTLE analysis in the report aids in the development of company strategies in the European Near-Eye Display industry. A SWOT analysis was used to determine the market's strengths and weaknesses.
European Near-Eye Display Market Report Overview:
Stellar Market Research has released reports to help clients understand the landscape of the European Near-Eye Display Market in which they compete. The report provides market insights to clients in order to help them understand future demand for their product and how competitive the European Near-Eye Display is likely to be. The European Near-Eye Display market overview contains detailed information about the market's size, trade statistics, key players, and various market metrics such as life cycle, trends, and so on.
European Near-Eye Display Market size was valued at US $ 380 Million in 2021 and the total Market revenue is expected to grow at 30 % through 2022 to 2027, reaching nearly US $ 1.76 Billion.
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European Near-Eye Display Market Dynamics:
The expansion of the VR and AR sectors in Europe is driving the Near-Eye Display Market in Europe. The consumer segment is the primary driver of market expansion. This is due to the innovative research and development done out by important businesses as well as new and rising start-ups in the region that are developing unique uses of the technology. Gamelab Berlin uses VR technology to allow dancers to perform in a virtual setting. They went on to examine and research their dancing techniques, paving the door for VR to be used as a skill acquisition tool in the performing arts. Vragments, with its browser-based application Fader, provides a collaborative virtual environment that is anticipated to support independent journalism.
European Near-Eye Display Market Segmentation:
The Europe Near-Eye Display Market is classified into TFT LCD, AMOLED, OLEDoS, LCoS, and MicroLED based on technology. In 2021, the TFT LCD had the biggest market share. This is because the display consumes less power while giving a more detailed, color-accurate display with enhanced brightness. LCoS leverages common CMOS methods to produce microdisplays with excellent resolution and low fabrication costs, making it the preferred production technology for companies such as Germany's Holoeye Photonics AG. The long lifespan of LCoS-based products are employed in industrial projection, EVF systems, and AR/VR applications.
AMOLED technology is being employed by Europe Region firms such as Microoled Technologies from France in its smart glasses that use Near-Eye Displays due to its great display contrast and power savings capabilities due to selective illumination of pixels.
MicroLEDs demonstrate that they are a new and emerging choice among their competitors. Factors like as the ability to be used in daylight, as opposed to its existing competitors, set the stage for significant expansion in the technology's market share over the predicted period.
The Europe Near-Eye Display Market is classified into Consumer, Medical, Aerospace and Defense, and segments. In 2021, the consumer market category held the highest market share. The Consumer Segment of the Near-Eye Display Market is growing due to rise in gaming, VR markets, and immersive experience modules. The Aerospace and Defense segments are also expected to increase significantly during the predicted period. This is due to the adaption of 3D modeling and industrial design implementations utilized by leading players to achieve a competitive advantage. Europe is a pioneer in numerous medical applications of the Near-Eye Display Market.
The "Healthy Reality" project in Germany uses augmented and virtual reality technologies to identify new treatments, therapies, and training methods in order to explore new dimensions in healthcare. AR aids medical personnel in their training by mimicking high-stress difficult operations, allowing for great knowledge propagation, which is likely to lead to significant growth in the Medical area during the projection period.
European Near-Eye Display Market Key Players:
MICROOLED Technologies (France)
EXALOS AG (Switzerland)
TriLite Technologies GmbH (Austria)
HOLOEYE Photonics AG (Germany)
Infineon Technologies AG (Germany)
OQmented GmbH (Germany)
STMicroelectronics (Switzerland)
European Near-Eye Display Market Regional Insights:
The Regional Analysis section of the report aids in understanding the European Near-Eye Display market in various countries. The European Near-Eye Display market in each region is influenced by political, geographic, purchasing behavior, and other factors. The performance of the European Near-Eye Display market frequently influences local development plans. The report examines all factors thoroughly, including market size, growth rate, import and export in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Key questions answered in the European Near-Eye Display Market are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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