North America 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 North America Smartwatch Display Panel Market would witness market growth of 11.8% CAGR during the forecast period (2021-2027).
The growth of the market would be driven by the increase in the number of market players in the smartwatch market. In addition, the huge demand for flexible display technology would propel the growth of the market in the coming years. Along with that, growing health awareness among people would open new growth prospects for the smartwatch display panel market. The high demand for smartwatches among consumers is estimated to fuel the growth of the market.
Smartwatch is one of the important and popular fitness technologies used by customers across the region. The US is the highest contributor to the overall demand for smartwatches. Customers are highly connecting them to various apps to monitor different kinds of data. The increasing usage of smartwatches by customers is estimated to fuel the growth of the regional smartwatch display panel market.
Factors like high demand for the flexible panel, growing health awareness among consumers, and the rising demand for smartwatches in developed nations like the US and Canada, are anticipated to accelerate the growth of the smartwatch display panel market in the upcoming years.
The US market dominated the North America Smartwatch Display Panel Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $709.7 million by 2027. The Canada market is poised to grow at a CAGR of 14.3% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 13.3% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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