Wearable Display Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The wearable display is a device that is worn on the human body, which comprises of robust sensors that collect and transmit information about their surroundings. The electronic device manufacturers see a growing demand for suitable and useful displays to improve the user experience of wearable products. Different types of wearable displays include smartwatches, smart bands, and head-mounted displays.

MARKET SCOPE

The "Global Wearable Display Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the wearable display market with detailed market segmentation by product type, display technology, panel type, display size, vertical, and geography. The report provides key statistics on the market status of the leading wearable display market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product type, the global wearable display market is segmented into smart bands/activity trackers, smartwatches, and head-mounted displays.
  
•   On the basis of display technology, the market is segmented into LED-Backlit LCD, and OLED.
  
•   Based on panel type, the market is segmented into rigid, flexible, and microdisplay.
  
•   Based on display size, the market is segmented into less than 1 inch, 1 to 2 inches, and more than 2 inches.
  
•   On the basis of vertical, the market is segmented into consumer, military and defense, healthcare, enterprise and industry, commercial, and others.
  

MARKET DYNAMICS

Drivers:

•   The increase in usage of flexible OLED displays in smartwatches, increasing development of energy-efficient and high-specification display products, and the demand for OLED displays for smart wearable devices and technological shift are some of the major factors driving the growth of the wearable display market.
  
•   The increasing adoption of AR/VR devices and the advancement of micro-LED displays for smart wearable devices are anticipated to boost this market.
  

Restraints

•   High cost of these devices may hinder the market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wearable display market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wearable display market in these regions.

IMPACT OF COVID-19 ON WEARABLE DISPLAY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the wearable display market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wearable display market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wearable display market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BOE Technology Group Co., Ltd.
  
•   eMagin Corporation
  
•   Epson America, Inc.
  
•   HannStar Display Corporation
  
•   Japan Display Inc.
  
•   Lumus Ltd.
  
•   Sharp Electronics Corporation
  
•   Tianma Microelectronics Co., Ltd.
  
•   US Micro Products
  
•   Vufine, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Wearable Display Report Scope