Global wearable display market is projected twitness a CAGR of 19.47% tgrow tUS$5,445.479 million in 2024 from US$1,872.990 million in 2018. The rising disposable income is pushing the demand for wearable products such as smartwatches and head-mounted display devices. The shipment of fitness bands and other health tracking wearables has been witnessing a steady increase, on account of the demand from a growing proportion of the population that is becoming health conscious. Furthermore, the growing adoption of AR/VR devices along with the incorporation of small LED displays in wearable devices such as smartwatches and fitness band is projected tboost the wearable display market. While technological advancements in wearable technologies are alsanticipated twiden up the growth opportunities and drive the wearable display market over the forecast period.
The wearable display market has been segmented on the basis of product type, technology, panel type, industry vertical and geography. By product type, smartwatches along with head mounted display is expected twitness significant growth in the upcoming years owing tthe increasing demand for technologically advanced products. By industry vertical, consumer electronics is anticipated tgrow substantially on account of the rising demand for electronic devices like smartwatches, smartphones, etc., along with the growing manufacturing of the same in developing countries.
Geographically, the Asia-Pacific region is projected twitness substantial growth on account of the rising disposable income which in turn is leading tincreased demand for consumer products including electronics. In addition, various government initiatives in countries like India which promote manufacturing in the country is expected tattract major manufacturers which in turn is anticipated tfuel the market for wearable display in the coming years.
Increasing adoption of OLED displays in smart watches.
Growing demand for smartwatches and bands.
Stringent government regulations.
In February 2019, Samsung Electronics Co., Ltd. Launched new line-up of Galaxy wearables Galaxy Watch Active and Galaxy Fit.
The major players profiled in the Wearable Display market include Samsung Electronics Co., Ltd., BOE Technology Group Co., Ltd, LG Display Co. Ltd, Kopin Corporation, Au Optronics Corporation, Japan Display Inc., Tianma Microelectronics Co., Ltd., eMagin, Inc., HannStar Display Corporation, and Lumus, Ltd.
The wearable display market has been analyzed through the following segments:
By Product Type
By Panel Type
By Industry Vertical
Military and Defense
Middle East and Africa