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The Smartwatch Display Panel is the main interface via which people communicate with their smartwatches. On a smartwatch, the display is what displays the data and information. Although other types of displays, such e-ink displays, are sometimes utilised in some models, the display panel of a smartwatch normally comprises an LCD or OLED screen.
Due to the small size of the watch, smartwatch display screens are typically small in size. In order to ensure that the content is displayed effectively, they need high resolution and pixel density. Some smartwatches also have touchscreens, which let users engage with the content being shown by swiping, tapping, and making other actions on the screen.
Dates, notifications, time, messages, fitness and health statistics, and information from other apps are just a few of the things the smartwatch display panel is in charge of displaying. As it impacts the brightness, clarity, and readability of the displayed content, the display panel’s quality plays a significant role in deciding the entire user experience of a smartwatch.
The Global smartwatch display panel market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
In order to provide its new generation of smartwatches with a new sort of display panel, Apple is developing. Instead of using OLED in the “Apple Watch Ultra,” the company may provide Micro LED. A market launch for this smartwatch is planned. When it comes to saving batteries, brightness, and colour support, micro LEDs are superior to OLED in many respects. Consequently, your smartwatch’s visual experience improves. Regarding the Apple Watch Ultra, not much is known at this time.
This smartwatch may have a diagonal display that measures 2.1 inches, according to macrumors. Apple is considering working on Micro LED, despite the fact that it has been available for the past 20 years. OLED displays are available in Samsung’s Galaxy Watches. OLED panels for smartwatches are another product the company provides to other producers. Future editions of the Galaxy Watch will include these cutting-edge displays once its MicroLED technology is commercialised.
OLED screens for the Apple Watch are one of the products that Samsung provides most frequently. Samsung Display can make sure that it keeps Apple as a customer by turning into a provider of MicroLED panels for smartwatches. Compared to OLED, microLED panels will have a number of advantages. They reproduce colour beautifully and are brighter with a higher contrast ratio. Under direct sunlight, visibility is much improved. Smartwatches can extend their battery life because of microLED panels’ increased power efficiency.
To work on this initiative, a new team was formed by Samsung Display towards the end of the previous year. The team’s goal is to quickly get this technology into the commercial world. Samsung Display intends to wrap up the development this year, but it will be a lengthy process. Samsung Display will be well-positioned to meet the demand for both Samsung and Apple’s high-end smartwatches if it is successful in doing that.
The 1.39″ round smartwatch display is currently being commercially released, according to an announcement from AUO that the business has completed the development of its wearable microLED display. A 1.39-inch, 472×472 full-circle panel, created in collaboration with PlayNitride, was used by AUO to demonstrate the wearable microLED display in 2021. It’s unclear when AUO intends to begin actually selling this display to its clients and what its production capacity will be.
As in the past, AUO will also exhibit their 17.3″ 2000-nits 1280×720 transparent (60% transparency) microLED display, but this time it has combined it with a 12.3″ LCD to produce an in-car naked-eye 3D experience.
AUO and ITRI created a novel transparent 17.3″ microLED display, and the Taiwan Kaohsiung Shipping Company installed a couple of these displays in a ferry. The larger 60″ microLED transparent display, which AUO claims it has developed, is aimed towards usage in vehicle windows for things like transportation, home interiors and commercial displays. Additionally, AUO will demonstrate their 17.3″ transparent screens combined with an electrically switchable transparency feature, which it has used to create high-transparency laptop displays. With regard to flexible displays, AUO will exhibit what it claims is the first 14.6″ foldable microLED display in the world, with a 4 mm bending radius.
Gizmore Curve smartwatch was introduced with a rotatable display. Gizmore Curve has a circular 1.39-inch display. The LCD panel offers a refresh rate of 60Hz and a resolution of 360 × 360 pixels.Even though it has an LCD screen, the watch has Always-on Display capabilities. The panel’s maximum brightness level is 500 nits. The wearable also has optical heart rate and SpO2 sensors to track blood oxygen levels. Standard health functions like a calorie counter, sleep tracking, stress monitoring, hydration alerts, and guided breathing mode are included with it out of the box. As was already noted, users can take calls on this watch. In addition to standard functions like fitness tracking, app notifications, weather, alarm, and more, there is a built-in calculator app.
North America
The North American market, particularly the USA, will be one of the prime markets for (Smartwatch Display Panel Market) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive.
Europe
The European market, particularly Western Europe, is another prime market for (Smartwatch Display Panel Market) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Smartwatch Display Panel Market) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period.
Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe.
There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Smartwatch Display Panel Market) in the region.
Asia
Asia will continue to be the global manufacturing hub for (Smartwatch Display Panel Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.
There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.
Africa
Africa is expected to see the largest growth in (Smartwatch Display Panel Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape.
RoW
Latin America and the Oceania region will showcase growth over the forecast period in (Smartwatch Display Panel Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region.
USA – $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region.
Europe – EIC is investing €1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments.
Asia – There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia.
Africa – Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing.
Latin America – The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region.
Rest of the World – The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand.
