Asia Pacific Smartwatch Display Panel Market By Panel Type (Rigid and Flexible), By Display Technology (LED-backlit LCD and OLED), By Display Type (Monochrome and Colored), By Application (Personal Assistance, Fitness, Medical & Health, and Personal Safety), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Smartwatch Display Panel Market would witness market growth of 15.1% CAGR during the forecast period (2021-2027).
Factors like rising pixel density and growing demand for connected devices are estimated to fuel the growth of the smartwatch display panel market. In addition, the increasing disposable income of consumers would open new growth avenues for the smartwatch display panel market over the forecast period.
There has been a constant rise in the demand for smartwatches in the region, which is highly supporting the growth of the regional smartwatch display panel market over the forecast period. In addition, this region has the largest manufacturing hub across different developing nations like China and India that would surge the growth of the smartwatch display panel market in the region.
Several companies are heavily investing in the manufacturing of improved smartwatch display panels to increase the durability and reliability of the smartwatches, along with that, some companies are adopting different strategies to increase their market share. These factors are expected to boost the growth of the regional smartwatch display panel market in the forecast years.
The China market dominated the Asia Pacific Smartwatch Display Panel Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $266.5 million by 2027. The Japan market is showcasing a CAGR of 14.5% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 15.8% during (2021 - 2027).
Based on Panel Type, the market is segmented into Rigid and Flexible. Based on Display Technology, the market is segmented into LED-backlit LCD and OLED. Based on Display Type, the market is segmented into Monochrome and Colored. Based on Application, the market is segmented into Personal Assistance, Fitness, Medical & Health, and Personal Safety. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics, Inc. (LG Corporation), Samsung Electronics Co., Ltd. (Samsung Group), AU Optronics Corporation, Sharp Corporation, BOE Technology Group Co., Ltd., Japan Display, Inc., Truly International Holdings Limited, Futaba Corporation, Everdisplay Optronics (Shanghai) Co., Ltd., and Visionox Technology, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Panel Type
By Display Technology
- LED-backlit LCD
By Display Type
- Personal Assistance
- Medical & Health
- Personal Safety
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- LG Electronics, Inc. (LG Corporation)
- Samsung Electronics Co., Ltd. (Samsung Group)
- AU Optronics Corporation
- Sharp Corporation
- BOE Technology Group Co., Ltd.
- Japan Display, Inc.
- Truly International Holdings Limited
- Futaba Corporation
- Everdisplay Optronics (Shanghai) Co., Ltd.
- Visionox Technology, Inc.
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