Market Overview:
The global wearable device display panel market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wearable devices, such as smartwatches, fitness trackers, and head-mounted displays (HMDs). Additionally, the growing adoption of OLED technology in wearable devices is also contributing to the growth of this market. On the basis of type, LCD accounted for a major share of the global wearable device display panel market in 2017. However, OLED is expected to grow at a higher CAGR during the forecast period owing to its advantages over LCD technology such as better picture quality and lower power consumption. On the basis of application, smartwatches accounted for a major share of the global wearable device display panel market in 2017.
Product Definition:
A wearable device display panel is a type of display that is used in wearable devices. These panels are typically small and low power, and they are often used to provide information to the user about the status of the device or to allow the user to interact with the device.
LCD:
Liquid Crystal Display (LCD) is a type of display technology that controls the flow of liquid crystals to create images and patterns. LCDs are used in numerous devices such as television, computer monitors, smartphones and wearable devices among others.
OLED:
OLED is Organic Light Emitting Diode Display Panels. It’s a technology for creating light by electrically excitable molecules known as an organic compound. OLED display panels are used in wearable devices such as smartwatches, fitness bands, and others to create interactive user interfaces. They are thin and lightweight compared to traditional LCD or LED panels making them the best choice for high-end applications where size and weight is an important factor.
Application Insights:
The market is segmented based on application into smartwatches, fitness trackers, head-mounted displays, and others. The other applications include virtual reality devices and augmented reality glasses. The demand for wearable devices has increased significantly owing to the increasing need for tracking health indicators such as heart rate through the day as well as during workouts. Furthermore, these panels are also used in smartwatches which provide users with notifications regarding incoming calls or messages via a vibration motor built into the panel itself.
Fitness trackers were one of the prominent segments in 2017 due to an increase in demand from sports enthusiasts who require advanced fitness monitoring equipment at an affordable price point compared to other wearable devices available in the market place at that time.
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of key players such as Apple Inc., Google LLC, and Microsoft Corporation. The region is expected to maintain its dominance over the forecast period due to increasing investments by companies for developing advanced wearable devices with better battery life and display quality. Moreover, rising product demand from healthcare sector is anticipated to drive regional growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during 2018 - 2030 due to growing product demand from countries such as Japan, China, South Korea, India among others. Increasing disposable income coupled with technological advancements will boost regional growth further on account of increased adoption by consumers majorly through online channels rather than offline ones which has led towards an increase in sales volume for wearables devices thereby driving panel production volumes as well.
Growth Factors:
- Increasing demand for wearable devices: The global market for wearable devices is expected to grow at a CAGR of more than 20% during the forecast period. This is mainly due to the increasing demand for smart watches, fitness trackers, and other such devices.
- Rising awareness about health and fitness: There is a growing awareness among people about the importance of leading a healthy lifestyle. This has led to an increase in the demand for wearable devices that can help track fitness data and monitor physical activity levels.
- Advances in technology: The development of new technologies has helped in the advancement of wearable device displays panels, which are now thinner, lighter, and more power-efficient than ever before. This is helping fuel their growth in popularity among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Device Display Panel Market Research Report
By Type
LCD, OLED
By Application
Smartwatches, Fitness Trackers, Head-Mounted Displays, Others
By Companies
LG Display, AUO, Samsung Display, BOE, Sharp, Panasonic, NEC, Leyard, Barco, Innolux, Sony
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Device Display Panel Market Report Segments:
The global Wearable Device Display Panel market is segmented on the basis of:
Types
LCD, OLED
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smartwatches, Fitness Trackers, Head-Mounted Displays, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG Display
- AUO
- Samsung Display
- BOE
- Sharp
- Panasonic
- NEC
- Leyard
- Barco
- Innolux
- Sony
Highlights of The Wearable Device Display Panel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LCD
- OLED
- By Application:
- Smartwatches
- Fitness Trackers
- Head-Mounted Displays
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wearable Device Display Panel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A wearable device display panel is a type of electronic display that can be worn on the body. These panels are typically used in devices such as smartwatches and fitness trackers, and can provide users with information such as the time, date, weather conditions, and other notifications.
Some of the key players operating in the wearable device display panel market are LG Display, AUO, Samsung Display, BOE, Sharp, Panasonic, NEC, Leyard, Barco, Innolux, Sony.
The wearable device display panel market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Device Display Panel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wearable Device Display Panel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Device Display Panel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wearable Device Display Panel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wearable Device Display Panel Market Size & Forecast, 2020-2028
4.5.1 Wearable Device Display Panel Market Size and Y-o-Y Growth
4.5.2 Wearable Device Display Panel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LCD
5.2.2 OLED
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Smartwatches
6.2.2 Fitness Trackers
6.2.3 Head-Mounted Displays
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Device Display Panel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wearable Device Display Panel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LCD
9.6.2 OLED
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Smartwatches
9.10.2 Fitness Trackers
9.10.3 Head-Mounted Displays
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LCD
10.6.2 OLED
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Smartwatches
10.10.2 Fitness Trackers
10.10.3 Head-Mounted Displays
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LCD
11.6.2 OLED
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Smartwatches
11.10.2 Fitness Trackers
11.10.3 Head-Mounted Displays
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LCD
12.6.2 OLED
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Smartwatches
12.10.2 Fitness Trackers
12.10.3 Head-Mounted Displays
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LCD
13.6.2 OLED
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Smartwatches
13.10.2 Fitness Trackers
13.10.3 Head-Mounted Displays
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wearable Device Display Panel Market: Competitive Dashboard
14.2 Global Wearable Device Display Panel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG Display
14.3.2 AUO
14.3.3 Samsung Display
14.3.4 BOE
14.3.5 Sharp
14.3.6 Panasonic
14.3.7 NEC
14.3.8 Leyard
14.3.9 Barco
14.3.10 Innolux
14.3.11 Sony
