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Wearable Display Market Trends

  • Report ID: GMI10884
  • Published Date: Aug 2024
  • Report Format: PDF

Wearable Display Market Trends

The wearable display industry is experiencing significant growth, driven by advancements in technology and increasing consumer demand for smart, connected devices. One major trend is the integration of augmented reality (AR) and virtual reality (VR) into wearable displays. These technologies are enhancing user experiences across various applications, from gaming and entertainment to training and education. As AR and VR become more mainstream, demand for wearable displays that support these immersive experiences are rising.
 

Additionally, the focus on health and fitness continues to propel market expansion, with devices offering advanced biometric tracking and personalized health insights becoming increasingly popular.  For instance, September 2023, the new Ray-Ban Meta Smart Glasses were officially announced during the Meta Connect event, marking a significant upgrade from the first generation. These glasses are integrated into Meta's AI, which allows users to interact with the glasses through voice commands.
 

Another trend is the growing emphasis on design and customization. Consumers are seeking wearables that not only offer high functionality but also align with personal style and preferences. This has led to a surge in customizable watch faces, modular designs, and fashionable forms. The integration of wearables into broader smart ecosystems, including IoT and smart home networks, further drives market growth by providing enhanced connectivity and utility in daily life.

Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of wearable display reached USD 3,724.8 million in 2023 and will register over 21% CAGR from 2024 to 2032, led by advancements in display technologies, such as OLED and MicroLED.

The smart bands/activity trackers product type segment accounted for over 41% share in 2023, due to their user-friendly design and focused functionality. ?

North America market recorded over 34.5% share in 2023, driven by advanced technology, high consumer demand, and substantial R&D investments

Samsung Electronics Co., Ltd., LG Display Co., Ltd., Japan Display Inc., Kopin Corporation, Emagin Corporation, AUO Corporation, and BOE Technology Group Co., Ltd.

Wearable Display Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 325
  • Countries covered: 21
  • Pages: 240
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