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Virtual Retinal Display Market Share

Report ID: GMI9384
Published Date: May 2024
Report Format: PDF

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Virtual Retinal Display Market Share

Magic Leap Inc. and eMagin Corporation held a significant share of over 20% in the virtual retinal display industry in 2023. Magic Leap Inc. operates in AR and MR technology. It offers Magic Leap One, a wearable spatial computing device that blends digital content with the physical world. The company’s platform enables immersive experiences for gaming, entertainment, education, and enterprise applications.

eMagin Corporation specializes in OLED microdisplays for virtual and AR applications. Its products include high-resolution microdisplays that offer superior image quality and energy efficiency, suited for VRD technology. With a focus on innovation and performance, eMagin aims to enhance user experiences in gaming, training, medical imaging, and other immersive applications within the market.

Virtual Retinal Display Market Companies

Major players operating in the industry are:

Analogix Semiconductor Inc.
Avegant Corporation
eMagin Corporation
Himax Technologies Inc.
Magic Leap Inc.
Texas Instruments Inc.
Vuzix

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for virtual retinal display was over USD 35 billion in 2023 and is expected to register over 45% CAGR from 2024-2032 owing to the increased demand for high-quality, immersive visual experiences worldwide.

Virtual retinal display market from the OLED-based VRD segment is expected to register over 45% CAGR from 2024-2032 due to offering high resolution, vibrant colors, and deep blacks, resulting in superior image quality compared to other display technologies.

North America industry held over 40% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of robust technological infrastructure and a high focus on R&D investment, fostering innovation in VRD technology in the region.

Analogix Semiconductor Inc., Avegant Corporation, eMagin Corporation, Himax Technologies Inc., Magic Leap Inc., Texas Instruments Inc., and Vuzix, are some of the major virtual retinal display companies worldwide.