LONDON–(BUSINESS WIRE)–The global wearable display market size is poised to grow by USD 9.7 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of more than 31% during the forecast period.
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The market is driven by the growing popularity of wearable devices in fleet management. In addition, the increasing investments in MicroLED displays for smartwatches are expected to further boost the growth of the wearable display market.
Wearable devices are increasingly being used in applications such as health monitoring, supply chain management, and fleet management. Fleet management is one of the emerging applications of wearable devices. Wearable devices play a key role in fleet management by ensuring efficient communication between truck company managers and drivers. They are designed to ensure the safety, health, and performance of drivers. Thus, the growing popularity of wearable devices in fleet management will drive the wearable display market growth during the forecast period.
Displays are one of the core components of wearable devices, which display messages and other information. A majority of the smartwatches available in the global market are integrated with TFT LCDs and OLEDs. However, vendors are exploring opportunities and investing in various display technologies such as MiniLEDs and MicroLEDs. MicroLED is a self-illuminating display technology that offers higher contrast, efficiency, resolution, and response time than other display technologies. Thus, the growing investments in MicroLED displays will drive market growth during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- AU Optronics Corp.
- BOE Technology Group Co. Ltd.
- LG Electronics Inc.
- Ritdisplay Corp.
- Samsung Electronics Co. Ltd.
Market Segmentation by Product:
The wearable display market can be broadly categorized into the following segments:
- OLED display
- TFT LCD
- MicroLED display
Key Regions for the Wearable Display Market:
Featuring a breakdown of region-wise market shares until 2019.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Information Technology are:
Wearable Electronics Market – Global Wearable Electronics Market by product (smartwatches, wireless headphones, HMDs, smart bands, smart clothing, smart glasses, and smart rings), end-user (enterprise and consumers), and geography (APAC, Europe, MEA, North America, and South America).
Wearable Sensors Market – Global Wearable Sensors Market by application (wristwear, headwear, eyewear, and others), by sensor type (IMUs, Temperature sensors, magnetometers, optical heart rate sensors, and others), and by geography (the Americas, APAC, and EMEA).
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