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Wearable Display Market to Account for A Maximum Industry Share Via Head Mounted Displays (HMD) Product by 2024

Author : Ronak Bora | Published Date : 2019-03-29 

The Asia Pacific wearable display market is expected to grow rapidly over the forecast timespan. Applications in various sectors such as healthcare, consumer electronics, industrial & military are contributing to the growth of the wearable display market. This region consists of several manufacturers, which are implementing the latest technologies by adopting various market strategies such as product differentiation, market segmentation, and market positioning.

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There is a high availability of manufacturers and suppliers in this region, which is increasing the higher production and demand for these devices. This region consists of both developed and developing countries, where major adoptions of new technologies can be witnessed. Also, a high demand for smartphones and rising internet mobility in the region account for the growth in the wearable display market over the forecast period.

Growing popularity of IoT services and connected devices has forced the manufacturers to provide consumers with this feature in wearables. IoT solutions are in enormous demand among the consumers and this demand is driving the need for these services in various devices. These demands are captured by the manufacturers, allowing them to cater to a wide market of IoT services and ensuring the growth of the wearable display market. The growth of these services in the market will enhance the development of this industry.

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The healthcare sector is the most dominating segment in the wearable display market as it accounts for the high market attractiveness and usage. With the growth in the wearable display market, it is expected that the healthcare industry will experience large benefits. These devices are very helpful and useful in tracking calories, exercise, and various health measures. With an increase in various health problems and diseases, it becomes very important to have a regular track of the various health parameters to stay healthy and disease-free. The demand for these health bands and wearables is a major driver for the growth of this market.

Head Mounted Displays (HMD) account for a high share in the wearable display market segments by product. In the defense sector, they are mainly used for the training simulation and tracking and analyzing of military maneuvers. The other uses of HMD in the defense sector are implementation in night vision system, situational awareness, navigation, security monitoring, visual enhancements, inspection, and remotely-piloted vehicle interfaces. AR & VR devices in mobile and gaming applications are driving the growth of this market segment. Various sectors such as engineering, logistics, automotive and firefighting also have applications in these devices.

Key players in wearable display market are LG Display, AU Optronics, Samsung Electronics, Japan Display, BOE Technology, Tianma Electronics, Truly Semiconductors, Hannstar Display, Kopin Corporation, Sharp, Apple, Inc., Fitbit, Inc., Qualcomm Technologies, Sony Corporation, Adidas Group, Misfit, Inc., Xiomi Technology Co., Ltd., Garmin Ltd., and LifeSense Group B.V.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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