Technavio Announces the Publication of its Research Report Global Virtual Retinal Display Market 2016-2020
Technavio recognizes the following companies as the key players in the global virtual retinal display market: Avegant and MicroVision.
Commenting on the report, an analyst from Technavios team said: AR will be one of the major applications of VRD. As the VRD can produce bright images, it is more advantageous in the daylight when compared to other AR devices, which have displays such as Microsoft HoloLens. For task enhancement, AR applications display the images in the real world. The images move with the movement of the user in augmented vision.
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According to the report, presence of wide range of application areas of AR and VR such as marketing and advertising, tourism, gaming, sports, and entertainment, healthcare, education and training, e-commerce, real estate, and military to drive growth in the global virtual retinal display market.
Further, the report states that the awareness of and knowledge about VRD is limited to a small customer base, as Avegant Glyph is the only product that has been commercialized yet. VRD will take a lot of time to gain attention among VR and AR device manufacturers. Also, it is priced high when compared to other VR devices, which again will hinder its adoption and popularity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Global Virtual Retinal Display Market
VRD, also called as retinal scan display (RSD), is a display technology that uses power laser beam as a light source, which is projected onto the retina of the user. The VRD scans the images on the retina of the user to display images in real-time.
Technavios analysts forecast the global virtual retinal display market to grow at a CAGR of 3.64% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global virtual retinal display market for 2016-2020. To calculate the market size, the report considers the revenue generated from the shipment of VRD devices for VR and augmented reality (AR) applications.
The market is divided into the following segments based on geography:
Technavio’s report, Global Virtual Retinal Display Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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