The global wearable display market is expected to exhibit a solid 20% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global wearable display market is expected to reach a valuation of USD 5.16 billion by 2023, according to the report. The global wearable display market is studied in great detail in the report, which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global wearable display market are examined in the report. Based on this information, accurate and reliable projections for the market’s likely growth trajectory over the forecast period till 2023 are presented in the report. Leading drivers and restraints operating on the global wearable display market are examined in the report. The impact of these major drivers and restraints on the global wearable display market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global wearable display market are also profiled in the research report. The competitive landscape of the global wearable display market is thus examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global wearable display market.
Wearable displays are devices worn on the human body which include powerful sensors that collect and deliver information about their surroundings. Electronic device manufacturers are witnessing a growing demand for useful and suitable displays to enhance the user’s experience of wearable products. Different types of wearable displays include smart bands, smart watches, and head-mounted displays. Transparent displays are another example of such displays that are expected to form the core elements of the upcoming generation of wearable computing devices. One of the most well-known examples of this technology, the Google Glass, is a brand of smart glasses that comprise an optical head-mounted display designed in the shape of a pair of eyeglasses. Transparent head-mounted displays enable overlaying virtual content on top of real-world objects. The advent of Internet mobility for wearable electronics has revolutionized the products by adding new features to them.
The major factors driving the wearable display market are increasing use of flexible OLED displays in smart watches, growing demand for OLED displays for smart wearable devices, and technological shift and development of energy-efficient and high-specification display products. However, factors such as high costs associated with new display technology and high power consumption by wearable devices are hindering the growth of the wearable display market. During the forecast period, increasing adoption of AR/VR devices and development of micro-LED displays for smart wearable devices are expected to drive this market. Whereas, latency in AR/VR systems is the major challenge faced by this market.
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Competitive Leaderboard:
Leading players in the global wearable display market include Lumus Vision, Yunnan OLiGHTEK, TCL Display Technology, Varitronix International, Hannstar Display, eMagin Corporation, Truly Semiconductors, Kopin Corporation, Tianma Microelectronics, BOE Technology, Sharp Corporation, Japan Display, AU Optronics, Apple, LG Display, and Samsung Electronics Co. Ltd.
Segmentation:
The global wearable display market is segmented on the basis of product type, technology, panel type, display size, vertical, and region.
By product type, the global wearable display market is segmented into smart bands, smart watches, and head-mounted displays.
By technology, the global wearable display market is segmented into LED-backlit LCD, and OLED.
By panel type, the global wearable display market is segmented into rigid, flexible, and microdisplay.
By display size, the global wearable display market is segmented into less than 1 inch, 1 to 2 inches, and more than 2 inches.
By end use vertical, the global wearable display market is segmented into consumer goods, military and defense, healthcare, enterprise, commercial, and others.
Regional Analysis:
Asia Pacific is expected to be the major regional segment of the global wearable display market over the forecast period due to the growing presence of electronics manufacturers in the region. North America is also an important regional market for wearable display technology.
