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Digital Micromirror Device (DMD) Market Trends

Report ID: GMI12379
Published Date: Nov 2024
Report Format: PDF

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Digital Micromirror Device Market Trends

Rising consumer demand for high-resolution displays in electronics such as televisions, projectors, and smart devices are significantly propelling the adoption of digital micromirror device (DMD). In 2021, it is accounted that the global television market boasted approximately 1.72 billion TV households. Also, it is anticipated that the number is likely to exceed nearly 1.8 billion by 2026 globally. With consumers increasingly inclined towards immersive viewing experiences and the ubiquity of high-definition content, manufacturers are focusing on producing displays that boast enhanced detail, vibrant colors, and superior image clarity.

DMD technology offers sharp, high-resolution images, which, in turn, gain high traction for both projectors and large-screen displays. The rising penetration of 4K and 8K content in movies, streaming platforms, and gaming intensifies this trend, as DMDs, powered by advanced Digital Light Processing (DLP) technology, efficiently manage high-resolution content. DMDs' versatility ensures a uniform visual experience. Moreover, the rise of interactive and smart displays, especially for augmented and virtual reality applications demanding precise image rendering, further fuels DMD's integration.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for digital micromirror device was valued at USD 1.7 billion in 2023 and is anticipated to reach USD 3.6 billion by 2032, driven by a CAGR of 8.9% from 2024 to 2032.

The consumer electronics segment accounted for USD 504.2 million in 2023, driven by the surging demand for high-quality displays in televisions and projectors.

The U.S. market accounted for 76.21% of the North America industry in 2023, driven by the growing popularity of home theaters and premium projectors.

Major players in the industry include Acer, Anhua Optoelectronics Technology, Barco, BenQ, Casio, Christie Digital Systems, Delta Electronics, Digital Projection, Digital Light Innovations, EKB Technologies, and Epson.