The wearable display market is expected to be valued at USD 1.34 Billion in 2018 and is likely to reach USD 3.37 Billion by 2023, at a CAGR of 20.33% between 2018 and 2023. Increased use of flexible OLED displays in smartwatches, rising demand for OLED display for use in smart wearable devices, and technological shift and development of energy-efficient and high-specification display products are some of the major factors driving the growth of the market. With the increasing adoption of AR/VR devices and the development of micro-LED displays for smart wearable devices, the market is expected to witness a significant growth during the forecast period.

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The report covers the market by display technology, panel type, product type, display size (diagonal), vertical, and geography. Head-mounted displays are likely to hold the largest share of the wearable display market, by product type, throughout the forecast period. Increasing use of AR HMDs or smart glasses in enterprise and industry applications is expected to drive the growth of the market for OLED-based head mounted displays. Moreover, AR can be used to teach complex maintenance procedures for factory equipment overlaying animation-based instructions and reference materials directly onto the physical gear. Many AR HMD or smart glass manufacturers are expected to target the enterprise and industry segment in the coming years.

The wearable display market in APAC is expected to grow at the highest rate during the forecast period owing to the presence of major display panel and brand product manufacturers in the region companies usually launch their products or technologies in their respective regions. Early exposure of the latest display products is driving the growth of the market in APAC.

However, the high cost associated with new display technology-based products and high power consumption by wearable devices are restraining the growth of the wearable display market. The fluctuating average selling price of panels poses a major challenge for display panel manufacturers. This report discusses the drivers, restraints, opportunities, and challenges pertaining to the wearable display market; analyzes the current market scenario; and forecasts market size till 2023.

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Major companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), Japan Display, (Japan), Sharp (Japan), BOE Technology (China), Tianma Microelectronics (China), Kopin Corporation (US), Truly Semiconductors (China), eMagin Corporation (US), Hannstar Display (Taiwan), Varitronix International (China), TCL Display Technology (China), Yunnan OLiGHTEK (China), Lumus Vision (Israel), Dresden Microdisplay (Germany), Jasper Display (Taiwan), Raontech (South Korea), E Ink (Taiwan), and Neovel Technologies (US).

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