DUBLIN ,May 21, 2018 /PRNewswire/ -- The"Wearable Display Market by Product Type (Smart Bands, Smartwatches, Head-Mounted Displays), Display Technology (LED-Backlit LCD, OLED), Panel Type (Rigid, Flexible, Microdisplay), Display Size, Vertical, and Geography - Global Forecast to 2023" report has been added toResearchAndMarkets.com's offering. The wearable display market is expected to be valued atUSD 1.34 billion in 2018 and is expected to reach USD 3.37 billion by 2023, at a CAGR of 20.33% between 2018 and 2023. The increased use of flexible OLED displays in smart watches, rising demand for OLED display for use in smart wearable devices, and technological shift and development of energy-efficient and highspecification display products are driving the growth of the market. However, factors such as high costs associated with new display technology-based products and high power consumption by wearable
devices are restraining the growth of the market. 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 to the latest display products is driving the growth of the market in APAC.
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