Knowledge Sourcing Intelligence announces the publication of a new report on “Wearable Display Market - Forecasts from 2021 to 2026” to their offering.
A surge in disposable income, and growing healthcare concerns along with the adoption of AR/VR devices to monitor health, especially those with small LED displays, are estimated to be prime factors driving the wearable display market with a CAGR of 20.84%.
As per the analysis report, the market of the Wearable Display is expected to grow at an exponential pace.
The global wearable display market has seen a surge in demand owing to an increase in disposable income and mushrooming popularity among customers of all ages. Further, rising health consciousness accompanied by technological advancement in the industry to adapt to virtual demands and user-friendliness has made these devices more suitable. As a result, smartwatches and fitness brands are expected to face steady growth. Also with the accommodation of AR/VR and LED display makes these devices more customers appealing.
Demand for OLED display facilitated devices as well is expected to shoot up owing to higher image quality output, advancing technological growth, and promising innovations. The consumer electronics and Defense and military segment of the market is predicted to grow significantly, while the healthcare wearable fraction is anticipated to grow at an exponential rate.
The Asia Pacific region, which is the hub of the manufacturing of the wearable display market, also accounts for wodge demand for the products. The region is and is anticipated to remain, the largest consumer. Moreover, expanding investments in the manufacturing sector, especially in South Korea, India and China will further shoot up the demand.
The industry is heavily funded with investments towards development, technological advancement, and research and development. Various companies are collaborating with healthcare institutions to develop more user-friendly devices that can keep a track record for better medical treatments. Apple, for instance, collaborated with several major healthcare institutions to develop smartwatches with safe hearing technology.
As a part of the analysis report, the major operating players in the wearable display market, which have been covered are 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., eMargin Inc., HannStar Display Corporation, and Lumus Ltd.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/wearable-display-market
This analysis report has segmented the global wearable display market on the following basis: