Wearable Display Device Materials Market Segmentation by End-User (Smart Watches, Wellness Trackers, Smart Glass, Smart Clothes, and Others); by Substrate (Polycarbonate, Glass, Fiber, and Others); and by Adhesives (Polyurethane, Silicone, and Epoxy)-Global Demand Analysis & Opportunity Outlook 2031
27 Oct 2022
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
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Global Wearable Display Device Materials Market Highlights Over 2022 - 2031
The global wearable display device materials market is estimated to grow at a ~13% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a notable revenue in 2021. The growth of the market can be attributed to the growing awareness among people to monitor their health constantly and also get regular check-up of their fitness levels. Besides this, the increasing number of individuals who are shifting their focus towards general physical activities to stay fit, and therefore the need to monitor their fitness activities using a smart wearable device, is expected to drive the demand for smart wearables, and in turn, contribute to the surge in demand for wearable display device materials. According to the World Health Organization, adults aged 18-64 years should at least do 150-300 minutes of moderate-level physical activity. Moreover, continuous development in the technology of smart wearables is expected to bring newer and better versions of these devices in the future, and in turn, create numerous opportunities for the growth of the market during the forecast period.
The global wearable display device materials market is segmented by end-user into smart watches, wellness trackers, smart glasses, smart clothes, and others. Out of these, the wellness trackers segment is anticipated to hold the largest share over the forecast period. This can be attributed to a rise in the demand for wellness trackers amongst people to continuously check on their health, such as heartbeat, pulse rate, and others. Moreover, medical professionals are using wearable wellness trackers for regular updates of their patient's health, which is also projected to contribute to the growth of the segment.
Global Wearable Display Device Materials Market Regional Synopsis
Regionally, the global wearable display device materials market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of the presence of major manufacturers of electronics and an increase in the export of electronics products. For instance, China’s exports of electronics technology have averaged USD 7442.47 million between 2000 and 2022.
Our in-depth analysis of the global wearable display device materials market includes the following segments:
Growth Drivers and Challenges Impacting the Growth of the Global Wearable Display Device Materials Market
Growing awareness among people related to fitness
Development in the technology to bring better version of devices in future
High cost of wearable devices
Key Companies Dominating the Global Wearable Display Device Materials Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global wearable display device materials market that are included in our report are BASF SE, Eastman Chemical Company, Henkel AG & Co. KGaA, Master Bond Inc., Solvay, Arkema, Wacker Chemie AG, Covestro AG, Corteva, Dow and DuPont, 3M, and others.
Latest Developments in the Global Wearable Display Device Materials Market:
31 March 2021: BASF SE announced higher power and data throughput in electronic applications are enabled by the new high-flow Ultramid advanced for thin-walled connectors.
19 May 2022: Solvay recently introduced the Kalix 10000 series, an ideal structural material for precision electronics components used in smart devices. The latest HPPA-based material is expected to improve both performance and sustainability.
Key Reasons to Buy Our Report
The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Growing awareness among people related to fitness and development in the technology to bring better version of devices in future are the major factors driving the growth of the wearable display device materials market.
The market is anticipated to attain a CAGR of ~13% over the forecast period, i.e., 2022-2031.
High cost of wearable devices and rapid development makes smart devices outdated fast are estimated to hamper the market growth.
Which region will provide more business opportunities for growth of wearable display device materials market in future?
Asia Pacific region will provide more business opportunities for growth of wearable display device materials market in future.
The major players in the market are BASF SE, Eastman Chemical Company, Henkel AG & Co. KGaA, Master Bond Inc., Solvay, Arkema, Wacker Chemie AG, Covestro AG, Corteva, Dow and DuPont, 3M, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by end-user, substrate, adhesives, and others.
Which segment captures the largest market size in end-user segment in the wearable display device materials market?
The wellness trackers segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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- BASF SE
- Eastman Chemical Company
- Henkel AG & Co. KGaA
- Master Bond Inc.
- Wacker Chemie AG
- Covestro AG
- Dow and DuPont