Europe 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 Europe Smartwatch Display Panel Market would witness market growth of 12.5% CAGR during the forecast period (2021-2027).
The size of the smartwatch display panel is commonly found to be less than 2 inches that surge the requirement for high resolution in pixels per inch to offer sharp and easy-to-read refined text & graphics. Moreover, it requires generating relatively bright images because watches are generally viewed in high ambient light. A wide range of colors is needed to prevent color washout from ambient light in a smartwatch. In addition, bright saturated colors are very useful at the time of reading text and graphics information. Due to this, smartwatch display panels are highly important in the sales of smartwatches across the globe.
The high adoption of advanced technologies and devices is one of the crucial factors accelerating the growth of the smartwatch display panel market in this region. In addition, the rise in the inclination of the consumers towards the adoption of connected devices to simplify various tasks and the increasing population of fitness freak are the key determinants that would contribute to the high demand for smartwatches and smartwatch display panels in the region.
Moreover, the trend of using OLED display panels in smartwatches is fueling the growth of the regional smartwatch display panel market. The strong healthcare system and high adoption rate of advanced devices in the healthcare sector of the regions would support the regional market growth.
The Germany market dominated the Europe Smartwatch Display Panel Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $198.3 million by 2027. The UK market is witnessing a CAGR of 11.7% during (2021 - 2027). Additionally, The France market would experience a CAGR of 13.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Rest of Europe
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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