The global virtual retinal display (VRD) market is projected to expand at a 3% CAGR over the course of 2016 to 2020, as per a new report added to MarketResearchReports.biz. The report, titled ‘Global Virtual Retinal Display Market 2016-2020,’ is available for sale on the official website of MarketResearchReports.biz. According to the report, the many benefits of virtual retinal displays over other display technologies is expected to boost the growth prospects for the VRD market during the forecast period. Some of the trends in the global virtual retinal displays market include increase in crowdfunding and emerging applications.
The report gives a brief introduction to the industry by giving its definition and also by stating its applications and classifications. Market experts with high credentials have presented an in-depth analysis of the various segments in the virtual retinal display market, bringing to light, aspects such as leading segment, declining segment, and the fastest growing segment over the period from 2016 to 2020. The experts have also provided recommendations and opinions over how to grow in the industry by making smart decisions relating to investments in a particular sector of the industry. Thus, this reports is a must-have for all the new entrants wishing to enter the virtual retinal display market and for those established as well.
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The benefits of virtual retinal displays such as the extensive color range, contrast ratio, luminance and viewing modes, and low power consumption are increasing their popularity among users. The capability of VRDs to transmit light energy in an ideal range, enabling a clear display of an image even in the most fluctuating and inconsistent environments is driving their demand. VRDs are useful even in poor lighting environments such as dark mines, thus making expanding their application areas. On the other hand, the lack of awareness about VRD is expected to hamper the growth of the market. Another problem with virtual retinal displays is they can cause motion sickness. All these factors will hamper the growth of the market.
On the basis of geography, the market is expected to be dominant in North America through 2020 as this region has a large population of tech-savvy consumers. Moreover, the demand for AR technology has risen greatly in the U.S., and this is also helping the market to grow in the region.
Some of the key players in the market, which have been profiled in the report are, Avegant and MicroVision. The market has very few vendors since this industry is still in its nascent stage of development. However, as well-established and popular companies such as Google, Facebook, HP, Microsoft, Intel, and Qualcomm are heavily investing in the development of VR and AR devices and this is further expected to drive the market towards growth.
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