Press release
Wearable Display Market Demand Makes Room for New Growth Story
Wearable Display Market
Wearable Display Market Size was valued at USD 0.9 Billion in 2022. The Wearable Display Market industry is projected to grow from USD 1.08 Billion in 2023 to USD 4.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.00% during the forecast period (2023 - 2032). Technological advancements, increasing demand for smart watches and fitness trackers, growing interest in augmented reality (AR) and virtual reality (VR), health monitoring and medical applications, fashion and style considerations, increasing iot connectivity, rising interest in heads-up displays (HUDs), are the key market drivers enhancing the market growth.
The wearable display market is experiencing rapid growth and innovation, driven by advancements in technology, increasing demand for augmented reality (AR) and virtual reality (VR) applications, and the proliferation of wearable devices. Wearable displays offer users a hands-free, immersive experience, enabling them to access information, interact with digital content, and engage in virtual experiences seamlessly.
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Key Players:
• BASF SE (Germany)
• DowDuPont (U.S.)
• Wacker Chemie AG (Germany)
• Arkema SA (France)
• 3M (U.S.)
• Eastman Chemical Company (U.S.)
• Solvay (Belgium)
• Covestro AG (Germany)
• Henkel AG and Co. KGaA (Germany)
• Master Bond Inc. (U.S.),
are the notable vendors in the Wearable Display market.
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Wearable Display Market Regional Analysis:
In 2022, about half of all wearable displays were sold in the Asia-Pacific region. The demand for wearable electronics, especially those with displays like smartwatches and fitness trackers, has skyrocketed in recent years. In the Asia-Pacific region, there is a large customer base interested in wearable technology, which has contributed to the growth of the wearable display market.
In the years between 2022 and 2032, the North American Wearable Display Market was second only to that of Asia. The locals have a high level of technology literacy and are receptive to novel ideas. The early acceptance of wearable technology and the growing interest in health and fitness have created a strong demand for wearable displays in the North American market.
From 2023 to 2032, the market for wearable displays is anticipated to expand at a faster rate in Europe than everywhere else. People there have shown a strong desire to monitor their health and fitness, driving demand for devices with screens designed for that purpose. Wearable technology has boosted the need for screens that can be worn by the user.
Wearable Display Market Segmentation:
The Wearable Display Market segmentation, based on product includes Smart Bands and Head Mounted Display.
The Wearable Display Market segmentation, based on display technology, includes LED-Backlit LCD and OLED.
The Wearable Display Market segmentation, based on panel, includes Rigid and Flexible.
The Wearable Display Market segmentation, based on display size, includes 1 to 2 inches and more than 2 inches.
The Wearable Display Market segmentation, based on vertical, includes Gaming and Military & Defense.
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The wearable display market encompasses a wide range of devices, including smart glasses, head-mounted displays (HMDs), augmented reality (AR) glasses, and virtual reality (VR) headsets. These devices vary in form factor, display technology, and functionality, catering to diverse applications and user preferences.
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