Wearable Display Device Materials Market Research Report—Forecast till 2030

Wearable Display Device Materials Market: Information by Substrate (Glass, Polycarbonate), Adhesives (Silicone, Polyurethane), Coatings (Conductive), End-Uses Industry (Smart Glass, Smart Watches, Fitness Trackers) and Region Forecast till 2030

ID: MRFR/CnM/6285-CR | April 2019 | Region: Global | 272 pages

Market Overview


The manufacturing of various digital devices like smart glass, fitness tracker, smartwatches, smart clothes, and wearable cameras all are made with the use of wearable display device like substrates, coatings, and adhesives are the leading products in the wearable display device materials market in the global market. Because of the shifting trend to a healthy lifestyle, there is tremendous growth in the wearable display device materials market in the global market. Also the increasing development of the internet of things, as a result of the demand for consumer electronics and smart devices which ultimately leads to the boost of wearable display device materials market in the global market.


The wearable display device materials market is expected to grow at a high CAGR of 13.05% and a valuation to USD 4,157.2 million during the forecasted period owing to the increasing use of smart devices and consumer electronics


COVID 19 Analysis


Owing to the global pandemic of COVID 19 the growth of the wearable display device materials market has shown a downfall in the global market which falls the economies into forced recession and due to this fact, the global market demand for wearable display devices has reduced many times because of manufacturing shutdown during lockdown period.


The wearable display device materials market is expected to recover from this global pandemic in the second quarter of the coming year.


Market Dynamics


Drivers


Owing to the increase in the phenomenon of the Internet Of Things (the IoT), and its interconnected capacity with various devices like computers, laptops, tablets, smartphones, etc it has to drive the wearable display device materials market in the global market. This has made the life of consumers easy and comfortable as it can easily be connected with smart sensors, drones, driving cars, and various wearable display devices.


Opportunity


The opportunity in the development of hybrid and multi-function wearable devices that will integrate all the functions in one compact device. The demand for these products will increase during the forecasted period.


Restraint


The wearable display device materials market is growing at a very fast speed but some factors restraints its growth like the high cost because of rapid evolution and development of consumer electronics and hence the products of old technology becomes obsolete within a short period. Also, it is a big challenge to update at the speed at which technology is growing. Also, consumers want their products to be of the latest technology as a result, more cost is incurred for the installation of new technology now and then. Also, it affects the production cycle of the products.


Value Chain Analysis


With the advent of wearable display devices market in the global market, the life of the consumers has become very easy and comfortable as now they have devices that can easily monitor their health all the time. This will reduce the burden of doctors and staff as now the health conditions can easily be monitored using wearable display devices to improve the treatment and diagnosis. These wearable display devices help in motivating the customers as they help in keeping the track of their goals and accomplishments and helps in self-improvement.


Market Segmentation


The wearable display device materials market in the global market is divided based on substrate, adhesives, coatings, and end-use industry.


Based on substrates


The wearable display device materials market in the global market is divided based on the substrate into glass, fiber, polycarbonates, and many others. The leading dividend in the substrate segment is the polycarbonates with a growth of a CAGR of 13.8% to reach the value of USD 2,267.5 million during the forecasted period.


Based on adhesives


The wearable display device materials market in the global market is divided based on adhesives into silicon, epoxy, acrylic, and polyurethane. Owing to the conductive coatings that prevent electric discharge and hence helps in preventing heating, silicon adhesive dividend is expected to reach a value of USD 1,017 million as it is used in appliances, electronics, and automobiles.


Based on coatings


The wearable display device materials market in the global market is divided based on coating into perylene, superhydrophobic,  piezoresistive, conductive, and others.


Based on the End-Use industry


The wearable display device materials market in the global market is divided based on the end-use industry into the smart glass, smartwatches, wearable cameras, fitness trackers, and many others. Owing to the increasing use of checking check pulse rate, calories consumed, heart-beat, and sleeping pattern are the factors leading to the growth of smartwatches.


Regional Analysis


The largest share in the global wearable display device materials market is held by the Asia-Pacific region which is expected to show a high CAGR of 14.5% during the forecasted period from 2018 to 2023. Under this region, China has the leading market. Indian market is also showing tremendous growth in the global market and is expected to rise more during the forecasted period from 2018 to 2023.


The second position is held by the North American region owing to an increase in disposable income of the people and a shifting trend towards smart devices has lead to the growth in the North American region.


Competitive Landscape,


Some of the major key players in the wearable display device material market in the global market are as follows:



  • BASF SE (Germany)

  • DowDuPont (U.S.)

  • Wacker Chemie AG (Germany)

  • Arkema SA (France)

  • 3M (U.S.)

  • Eastman Chemical Company (U.S.)

  • Solvay (Belgium)

  • Covestro AG (Germany)

  • Henkel AG and Co. KGaA (Germany)

  • Master Bond Inc. (U.S.)


To increase the market share of the wearable display device materials market in the global market these prominent players use various strategies like product collaboration and launching and tapping the untapped market for the potential customer base.


Recent Developments



  • In January 2020, the smart-hearing company namely Nuheara has launched its IQbuds2 MAX earbuds. It has various unique features of personalizing and soundscape along with the cancellation of active noise feature has increased its demand to greater heights. Also, this product is good for the environment as well, as it fine-tunes their sounds in the noise environment.

  • In May 2020, a new feature in the marine GPS, the quatix 6X Solar launched by Garmin has a new feature of solar charging display that uses solar energy instead of electric charging to expand its battery life.

  • Increase in smart clothing like a smart vest, smart shoes, smart socks as it can easily be integrated with smart devices and hence increases the demand for wearable display device materials market in the global market.

  • Advancement in the microelectromechanical (MEMS) and semiconductor produces cost-effective products it helps in broadening the scope of motion sensing, energy harvesting, and many other things help in the growth of the wearable display device materials market in the global market.

  • Owing to the increase in chronic diseases like respiratory disorders, diabetes, cancer and various heart diseases, helps in the growth of smart devices as a result increase in global market share of the wearable display device materials market.


Report Overview


The global wearable display device materials market research report consists of the following aspects:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This wearable display device research reports tell about the growth opportunities and drivers in the global market along with the impact of COVID 19 on the global market demand. The future expected growth rate and value are also estimated and mentioned.


Research Methodology


The research methodology has both primary and secondary data and top-down and bottom-up approaches to estimate the size of the market along with dependent submarkets. Key players in the wearable display device industry are identified through secondary research. It includes company press releases, annual reports, investor presentations of companies, and many others. All this study is verified using primary research and analyzed to get quantitative and qualitative data.


Users


Wearable display device material manufacturers, retailers, distributors, wholesalers, government agencies, associations, industrial bodies, investors, traders, and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2022: USD 4,157.2 Million
  • 2030: Significant Value
  •   CAGR   13.05%(2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Substrate, Adhesives, Coatings and End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   BASF SE (Germany), DowDuPont (U.S.), Wacker Chemie AG (Germany), Arkema SA (France), 3M (U.S.), Eastman Chemical Company (U.S.), Solvay (Belgium), Covestro AG (Germany), Henkel AG and Co. KGaA (Germany), Master Bond Inc. (U.S.)
      Key Market Opportunities   The opportunity in the development of hybrid and multi-function wearable devices that will integrate all the functions in one compact device.
      Key Market Drivers   Owing to the increase in the phenomenon of the Internet Of Things (the IoT), and its interconnected capacity with various devices like computers, laptops, tablets, smartphones, etc


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    Frequently Asked Questions (FAQ) :


    The most prominent market player in the wearable display market in the global market are Master Bond Inc. (U.S.), Covestro AG (Germany), Solvay (Belgium), 3M (U.S.), Arkema SA (France), Wacker Chemie AG (Germany), DowDuPont (U.S.), BASF SE (Germany), and many others.

    The wearable display device materials market in the global market is expected to show a high CAGR of 13.05% and is expected to reach USD 4,157.2 million during the forecasted period.

    The largest share in the wearable display device materials market in the global market is held by the Asia-Pacific region as it is expected to show a high CAGR of 14.5% owing to an increase in the advancement in technology followed by North America.