Wearable Display Market worth 3.37 Billion USD by 2023

According to the new research report "Wearable Display Market by Product Type (Smart Bands, Smartwatches, Head-Mounted Displays), Display Technology (LED-Backlit LCD, OLED), Panel Type (Rigid, Flexible, Microdisplay), Display Size, Vertical, and Geography - Global Forecast to 2023", the wearable display market, the market is expected to reach USD 3.37 Billion by 2023 from USD 1.34 Billion in 2018, at a CAGR of 20.33% between 2018 and 2023. The increased use of flexible OLED displays in smartwatches, rising demand for OLED display for use in smart wearable devices, and technological shift and development of energy-efficient and high-specification display products are the major factors driving the growth of the market.

Head-mounted displays to hold the largest share of the wearable display market throughout the forecast period

The market for HMDs is likely to grow at a high CAGR between 2018 and 2023 due to their expected use in various upcoming applications. The major application areas of VR healthcare include game-based rehabilitation, mental and behavioral health, neurocognitive assessment and training, and virtual humans. Displays such as OLED and LCDs are increasingly being used in AR/VR devices as they offer reduced response time and better time latency compared with older technologies.

Market for OLED display technology to grow at a higher rate during the forecast period

OLED display panels offer advantages such as small thin form factor, sharp color performance, and low power consumption over LCD panels. OLED-based displays also offer higher refresh rates, better viewing angle, and excellent contrast. Rising awareness about the OLED technology among consumers has prompted makers of smart wearable devices to incorporate this technology in their offerings. These factors are driving the growth of the market for OLED-based wearable displays.

Asia Pacific to hold the major share of the wearable display market throughout the forecast period

Applications such as consumer electronics, industrial, healthcare, and military contribute significantly to the growth of the wearable display market in APAC. The region has become a global focal point for huge investments and business expansions. The region comprises both developed and developing countries; hence it is witnessing major changes in the adoption of new technologies and advancements. Due to the presence of a significant number of wearable display panel manufacturers in the region, there is an increasing adoption of the latest technology-based display devices in APAC.

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Major players in the market are Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display (Japan), Sharp (Japan), BOE Technology (China), Tianma Microelectronics (China), Kopin Corporation (US), Truly Semiconductors (China), eMagin Corporation (US), and Hannstar Display (Taiwan), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Wearable Display Market Size, Growth, Trend and Forecast Analysis Report - 2023

Display panels used in wearable devices, which are manufactured using technologies such as LED-backlit LCD and OLED, have application in verticals such as consumers, military & defense, healthcare, enterprise & industry, commercial, and others. The wearable display market was valued at USD 1.05 Billion in 2017 and is expected to reach USD 3.37 Billion by 2023, at a CAGR of 20.33% between 2018 and 2023. The increased use of flexible OLED displays in smartwatches, rising demand for OLED displays for use in smart wearable devices, and technological shift and development of energy-efficient and high-specification display products are some of the major factors driving the growth of the market. With the increasing adoption of AR/VR devices and the development of micro-LED displays for smart wearable devices, the market is expected to witness significant growth between 2018 and 2023.

Increasing demand for high specifications (thin design and low power consumption) is encouraging companies to develop and launch innovative products with enhanced features. Market players also focus on partnerships, agreements, and collaborations to enter into new application areas by launching technologically advanced and innovative display devices. Display panel manufacturers also expand capabilities-another strategy widely adopted by companies-to showcase their dominance in the market. Companies such as Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display (Japan), and Sharp (Japan) have adopted expansions and product developments as their key growth strategies; Samsung Electronics (South Korea), Kopin Corporation (US), eMagin Corporation (US), and Japan Display (Japan), among other companies have adopted acquisitions, partnerships, and collaborations as their key growth strategies.

Samsung has maintained its position as a global leader in the TFT-LCD flat panel display space by providing products that offer benefits such as high resolution, low power consumption, low cost, and high yield rate. The display market is witnessing high growth of OLED technology, which is replacing LCD technology in large panel display applications; OLED is rapidly replacing TFT-LCD in smartphones and other smart devices such as smartwatches and virtual reality devices. The company is a market leader in providing OLED displays owing to its continued investments and technological breakthroughs pertaining to OLED. Samsung has a higher R&D budget than its competitors; it invested 7.33% of its total revenue in R&D in 2016. The company focuses on providing display solutions for new categories such as wearable devices, flexible devices, and automotive applications.

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LG Display held the second position in the wearable display market in 2017 and is a leading provider of display panels, with a strong global presence and a wide customer base-particularly in China. The company is financially strong owing to the support from its parent company and is considered one of the top display technology providers worldwide. It offers a wide range of display panels for various applications. LG Display focuses on offering cost-competitive display products and has maintained a stable and long-term relationship with its customers. The company is a leading provider of TFT-LCD panels in the display market and is heavily investing money and resources to establish more plants to manufacture display panels for smart wearable devices and other devices. It generated ~70% of its revenue from China in 2016 due to the high demand for display panels from the Chinese consumer electronics manufacturers.

 About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Wearable Display Market Size, Growth, Trend and Forecast to 2023 | MarketsandMarkets

[161 Pages Report] The wearable display market was valued at USD 1.05 Billion in 2017 and is expected to reach USD 3.37 Billion by 2023, at a CAGR of 20.33% during the forecast period. The base year used for this study is 2017 and the forecast period is between 2018 and 2023.

The report covers the market by display technology, panel type, product type, display size (diagonal), vertical, and geography. Head-mounted displays are likely to hold the largest share of the wearable display market, by product type, throughout the forecast period. Increasing use of AR HMDs or smart glasses in enterprise and industry applications is expected to drive the growth of the market for OLED-based head mounted displays. Moreover, AR can be used to teach complex maintenance procedures for factory equipment overlaying animation-based instructions and reference materials directly onto the physical gear. Many AR HMD or smart glass manufacturers are expected to target the enterprise and industry segment in the coming years.

The wearable display market in APAC is expected to grow at the highest rate during the forecast period owing to the presence of major display panel and brand product manufacturers in the region companies usually launch their products or technologies in their respective regions. Early exposure of the latest display products is driving the growth of the market in APAC.

However, the high cost associated with new display technology-based products and high power consumption by wearable devices are restraining the growth of the wearable display market. The fluctuating average selling price of panels poses a major challenge for display panel manufacturers. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the wearable display market; analyzes the current market scenario; and forecasts market size till 2023.

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Major companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display, (Japan), Sharp (Japan), BOE Technology (China), Tianma Microelectronics (China), Kopin Corporation (US), Truly Semiconductors (China), eMagin Corporation (US), Hannstar Display (Taiwan), Varitronix International (China), TCL Display Technology (China), Yunnan OLiGHTEK (China), Lumus Vision (Israel), Dresden Microdisplay (Germany), Jasper Display (Taiwan), Raontech (South Korea), E Ink (Taiwan), and Neovel Technologies (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Wearable Display Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2023

The wearable display market is expected to be valued at USD 1.34 Billion in 2018 and is likely to reach USD 3.37 Billion by 2023, at a CAGR of 20.33% between 2018 and 2023. Increased use of flexible OLED displays in smartwatches, rising demand for OLED display for use in smart wearable devices, and technological shift and development of energy-efficient and high-specification display products are some of the major factors driving the growth of the market. With the increasing adoption of AR/VR devices and the development of micro-LED displays for smart wearable devices, the market is expected to witness a significant growth during the forecast period.

The report covers the market by display technology, panel type, product type, display size (diagonal), vertical, and geography. Head-mounted displays are likely to hold the largest share of the wearable display market, by product type, throughout the forecast period. Increasing use of AR HMDs or smart glasses in enterprise and industry applications is expected to drive the growth of the market for OLED-based head mounted displays. Moreover, AR can be used to teach complex maintenance procedures for factory equipment overlaying animation-based instructions and reference materials directly onto the physical gear. Many AR HMD or smart glass manufacturers are expected to target the enterprise and industry segment in the coming years.

The wearable display market in APAC is expected to grow at the highest rate during the forecast period owing to the presence of major display panel and brand product manufacturers in the region companies usually launch their products or technologies in their respective regions. Early exposure of the latest display products is driving the growth of the market in APAC.

However, the high cost associated with new display technology-based products and high power consumption by wearable devices are restraining the growth of the wearable display market. The fluctuating average selling price of panels poses a major challenge for display panel manufacturers. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the wearable display market; analyzes the current market scenario; and forecasts market size till 2023.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254908329

Major companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display, (Japan), Sharp (Japan), BOE Technology (China), Tianma Microelectronics (China), Kopin Corporation (US), Truly Semiconductors (China), eMagin Corporation (US), Hannstar Display (Taiwan), Varitronix International (China), TCL Display Technology (China), Yunnan OLiGHTEK (China), Lumus Vision (Israel), Dresden Microdisplay (Germany), Jasper Display (Taiwan), Raontech (South Korea), E Ink (Taiwan), and Neovel Technologies (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com

Attractive Opportunities in the Wearable Display Market

The wearable display market is expected to be valued at USD 1.34 Billion in 2018 and is likely to reach USD 3.37 Billion by 2023, at a CAGR of 20.33% between 2018 and 2023. Increased use of flexible OLED displays in smartwatches, rising demand for OLED display for use in smart wearable devices, and technological shift and development of energy-efficient and high-specification display products are some of the major factors driving the growth of the market. With the increasing adoption of AR/VR devices and the development of micro-LED displays for smart wearable devices, the market is expected to witness a significant growth during the forecast period.

The report covers the market by display technology, panel type, product type, display size (diagonal), vertical, and geography. Head-mounted displays are likely to hold the largest share of the wearable display market, by product type, throughout the forecast period. Increasing use of AR HMDs or smart glasses in enterprise and industry applications is expected to drive the growth of the market for OLED-based head mounted displays. Moreover, AR can be used to teach complex maintenance procedures for factory equipment overlaying animation-based instructions and reference materials directly onto the physical gear. Many AR HMD or smart glass manufacturers are expected to target the enterprise and industry segment in the coming years.

The wearable display market in APAC is expected to grow at the highest rate during the forecast period owing to the presence of major display panel and brand product manufacturers in the region companies usually launch their products or technologies in their respective regions. Early exposure of the latest display products is driving the growth of the market in APAC.

However, the high cost associated with new display technology-based products and high power consumption by wearable devices are restraining the growth of the wearable display market. The fluctuating average selling price of panels poses a major challenge for display panel manufacturers. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the wearable display market; analyzes the current market scenario; and forecasts market size till 2023.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254908329

Major companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display, (Japan), Sharp (Japan), BOE Technology (China), Tianma Microelectronics (China), Kopin Corporation (US), Truly Semiconductors (China), eMagin Corporation (US), Hannstar Display (Taiwan), Varitronix International (China), TCL Display Technology (China), Yunnan OLiGHTEK (China), Lumus Vision (Israel), Dresden Microdisplay (Germany), Jasper Display (Taiwan), Raontech (South Korea), E Ink (Taiwan), and Neovel Technologies (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

newsletter@marketsandmarkets.com