Wearable displays are used in wearable devices and leverage wireless connections. It can be connected to mobile applications or other electronic gadgets and provide information such as temperature, heartbeat, blood pressure, etc. In this assessment offered by Market Research Future (MRFR), the global wearable display market is projected to expand at 20% CAGR over the evaluation period 2018 to 2023. It also offers an estimation that the valuation of the market will surpass USD 3 Bn mark by 2023. Key players are focusing on the development of user-friendly interfaces to enhance user experience. It is anticipated to unleash lucrative growth opportunities for the market players in the foreseeable future.
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The innovations in display technology are also poised to revolutionize the growth pattern of the wearable display market in the upcoming years. For instance, the development of wearable LED display and OLED display have boosted the growth pattern of the wearable display market. It is anticipated to provide an impetus to the growth of the market in the years to come. Also, the development of innovative wearable devices with health monitoring features is poised to generate considerable demand for the product over the forecast period.
Wearable displays are expected to gain traction owing to the ongoing trend of miniaturization in the consumer electronics industry. The developments in wireless technologies are also poised to generate revenues in the wearable display market in the forthcoming years. Also, the rising popularity of smart gadgets is also anticipated to work in favor of market expansion in the coming years.
On the basis of product type, the wearable display market has been segmented into smartwatches, smart bands, and head-mounted displays.
On the basis of technology, the segments of the wearable display market are LED-backlit LCD and OLED.
Based on panel type, the segmentation of the wearable display market covers flexible, rigid, and microdisplay.
On the basis of display size, the wearable display market has been segmented into 1 to 2 inches, less than 1 inch, and more than 2 inches.
Based on vertical, the segments of Wearable Display Market are military & defense, consumer, healthcare, commercial, enterprise, and others.
The geographic assessment of the global wearable display market is covered for four key regions. These regional segments are - North America, Europe, Asia Pacific, and the Rest of the World (RoW). These regional segments are further assessed on the basis of country-level markets. Asia Pacific, at present, is dominating the market and is poised to maintain its dominance over the next few years. Rising demand for consumer electronics in the region is one of the key drivers of the market. The adoption of the latest display technologies is anticipated to drive the expansion of the market in the foreseeable future. North America is also presumed to hold a key share of the market. The introduction of the latest technologies in the market is presumed to further boost the growth pattern of the regional market.
Samsung Electronics Co., Ltd. (South Korea), Apple (US), LG Display (South Korea), AU Optronics (Taiwan), Sharp Corporation (Japan), Japan Display (Japan), BOE Technology (China), Kopin Corporation (US), Tianma Microelectronics (China), eMagin Corporation (US), eMagin Corporation (US), eMagin Corporation (US), eMagin Corporation (US), eMagin Corporation (US), eMagin Corporation (US), Truly Semiconductors (China), and Hannstar Display (Taiwan) are few of the major participants of the global wearable display market. These players are investing in technological innovations and regional expansion to gain edge over other players. Other players of the market expected to contribute to market growth are Varitronix International (China), Yunnan OLiGHTEK (China), TCL Display Technology (China), and Lumus Vision (Israel).
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