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Wearable Display Market Outlook to 2024 Featuring Key Players: AU Optronics, BOE Technology, Apple Inc., Sharp & Kopin Corporation | Radiant Insights, Inc.
IoT services along with connected devices have compelled the producers to render them in the wearable. This factor is expected to bolster the market in the near future. However, high initial cost is likely to hamper the market. The latest trend is that of the advent of HMD (Head Mounted Displays). They are in great demand in the defense sector to train, simulate, track, and analyze military maneuvers. The other areas of presence in the same sector include situational awareness, night vision system, security monitoring, navigation, inspection, remotely-piloted vehicle interfaces, and visual enhancements. The other verticals where wearable display is making a beeline include automotive and firefighting, logistics, automotive, and engineering.
The "healthcare" sector is the second most dominating sector in wearable display market. This is due to the fact that it does account for high usage and attractiveness. Wearable display devices do aid in tracking calories. The Asia Pacific is expected to witness an exorbitant growth by 2025 as several manufacturers are shifting their base to the economies herein. Besides, an exponential demand for smartphones and internet mobility do hold the hopes high for Asia Pacific .
to know more details about Report 2024
The wearable display market is segmented as per type of product, display technology, type of panel, and geography. By product type, the market spans head-mounted displays, smartwatches, and smart bands. By panel type, it says microdisplay, flexible, and rigid. By display technology, it comprises OLED and LED-backlit LCD. By geography, it consists of North America , Europe , Asia Pacific , LATAM, and MEA.
The players contributing to the market include AU Optronics, BOE Technology, Apple Inc., Sharp, Kopin Corporation, Hannstar Display, Truly Semiconductors, Tianma Electronics, Japan Display, and LG Display.
The analysts forecast the global wearable display market to exhibit a CAGR of 19.5% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global wearable display for 2019-2024. To calculate the market size, the report considers the wearable display sales volume and revenue.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product, and application.
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