Portable Display Materials Market Size to Reach USD 4,157.2 Million by 2027 at a CAGR of 13.05% – Market Research Future (MRFR) Report

Wearable Display Materials Market Overview and Industry Analysis by Substrate (Glass, Polycarbonate), Adhesives (Silicone, Polyurethane), Coatings (Conductive), End-Use Industry (Smart Glass, Smart Watches, Health Trackers) fitness) and Region, Competitive Market Size, Share, Trends and Forecast to 2027

New York, USA, 08 Dec. 2022 (GLOBE NEWSWIRE) — Wearable Display Materials Market Insight

According to a comprehensive research report by Market Research Future (MRFR), “Wearable Display Materials Market Information by Substrate, adhesives, coatings, end uses Industry and region – Forecasts until 2027“, the market is expected to grow at a CAGR of 13.05% to reach USD 4,157.2 million by 2027.

Market scope:

As wearable technology advances, it is expected to become more and more integrated into the operations of aerospace and defense organizations. It is essential to use portable screens and devices. Modern militaries use sophisticated biosensors to track and record data on things like heart rate, blood oxygen levels, and even injuries, because the health and well-being of troops is important to success. of any defensive system. They may have sensors sewn into their clothing to track vital signs, including heart rate, oxygen levels and sweat. Carbon nanotube (CNT)/fluorine elastomer (FKM) nanocomposite is used to create smart wearable material for human motion detection, stretchable sensors and stretchable light-emitting diodes (LEDs).

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Report Scope:

Competitive dynamics:

Some of the Major Key Players of Wearable Display Materials Market in Global Market are:

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• BASF SE (Germany)

• DowDuPont (USA)

• Wacker Chemie AG (Germany)

• Arkema SA (France)

• 3M (USA)

• Eastman Chemical Company (USA)

• Solvay (Belgium)

• Covestro AG (Germany)

• Henkel AG and Co. KGaA (Germany)

• Master Bond Inc. (USA)

Market USP:

Market factors

The global wearable display device materials market is expected to grow owing to the growing adoption of Internet of Things (IoT) devices owing to their interoperability with other electronic devices such as desktops, laptops , tablets, smartphones, etc. Wearable display devices, autonomous vehicles and the Internet of Things (IoT) have simplified and streamlined customers’ daily lives. The possibility of portable devices that combine many functions in a single unit, such as hybrids and multifunction devices. There will be a greater requirement for these things in the near future.

Customers’ lives have been made easier by the proliferation of health monitoring devices made possible by the growing market for wearable display devices. Wearable display technologies have made it possible to keep an eye on patients’ vital signs in real time, which has the dual benefit of reducing stress for busy clinicians and enabling more accurate treatment and diagnosis. These displays can be attached to clothing and serve as a constant reminder to the wearer to work towards personal goals.

The growing popularity of wearable technology has increased the demand for durable components. Lightweight, user-friendly and versatile, materials with these qualities are highly sought after for use in a wide range of portable devices. The wireless connectivity of the smart garments improves tracking of a soldier, keeping them safe while alerting command to any potential danger.

Market constraints

However, barriers to entry such as high costs are hindering the market growth of materials used in portable display systems. This is because technological advancements in consumer electronics are progressing at such a breakneck pace that they render items developed using earlier technologies obsolete in a very short time. Keeping up with the ever-faster pace of technological advancement is another hurdle. In addition, in order to meet customer expectations for innovative features, it is essential to regularly invest in state-of-the-art machinery. This also affects the production schedule for these goods.

The COVID-19 outbreak has had a detrimental effect on economic and industrial activities in several countries due to lockdowns, travel bans and business closures. Companies in the consumer electronics sector are among those affected by the shutdowns and disruptions of the global pandemic.

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COVID-19 Analysis:

Since factories around the world were forced to close during the lockdown period, the global COVID 19 pandemic has caused a precipitous decline in the wearable display materials market, plunging economies into a forced recession and drastically reducing the demand for portable screens. devices around the world. The global pandemic that hit the portable display device component market hard in the first quarter of 2019 should have passed into the second quarter.

Market segmentation :

Based on substrates

It is expected that by the end of the forecast period, the market value of polycarbonates will have increased to USD 2,267.5 million, a CAGR of 13.8%.

Based on adhesives

The success of conductive coatings in reducing electric shock and, by extension, heating, has led to an increase in demand for silicone adhesive, which is expected to result in a dividend of $1,017 million. Silicone adhesive is used in a wide variety of consumer goods including appliances, electronics and vehicles.

Based on coatings

During the forecast period, the demand for conductive coatings is expected to grow at a healthy rate.

Based on end-use industry

The ability to track important health metrics including heart rate, calorie burn, and sleep duration has contributed to the growing popularity of smartwatches.

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Regional analysis

The wearable display device components market is expected to grow rapidly from 2020 to 2027, with Asia-Pacific accounting for the largest share. Over the projected period, the Asia-Pacific region is expected to increase its market significantly due to the existence of large electronics manufacturers and an increase in exports. The market for this sector is the largest in China. Compared to the global market as a whole, the Indian market has shown exceptional growth, and even greater growth is expected between 2020 and 2027.

An increase in disposable income and a general preference for smart devices propelled North America to second place in the world. Another factor contributing to the prosperity of the wearable materials market in the region is the growth of end-use sectors including healthcare, transportation and electronics.

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