Wednesday 5 March 2014

Wearable Technology Market - Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2012 - 2018

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According to a new market report published by Transparency Market Research "Wearable Technology Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012- 2018" the global wearable technology market stood at USD 750.0 million in 2012 and is expected to reach USD 5.8 billion in 2018, at a CAGR of 40.8% from 2012 to 2018. North America is expected to maintain its lead position at 43.0% of the global wearable technology revenue share in 2018 followed by Europe.


Wearable technology market is in early stage of evolution with growing adoption in various end-use segments such as fitness and wellness, healthcare and medical, industrial and military and infotainment sectors. Wearable fitness and wellness products include smart clothing, activity monitors, sleep sensors and others; whereas the infotainment segment includes smart watches, smart glasses and heads-up displays among others. On the other hand, products like continuous glucose monitors (CGM), drug delivery, and wearable patches are being predominantly used in healthcare and medical sector. Hand worn terminals, heads-up displays and other such products are being used in the industrial and military settings. 

Among all the wearable technology end use segments, the healthcare and medical segment held the largest revenue share followed by fitness and wellness in 2012. However, in 2018, the infotainment segment is expected to surpass the fitness and wellness segment driven by robust growth of smart watches and smart glasses. The healthcare and medical segment accounted for about 35.1% of the overall wearable technology market in 2012 primarily due to the rising aging population and increase in diabetic population.

Wearable technology is driven by factors like compactness, portability and easy use along with the multi-functionality and increasing applications of these products in various sectors. The increasing adoption of such technically advanced products among youth coupled with increasing demand for real time and actionable data will also fuel the growth of the wearable technology market. However, factors including high price and lack of consumer awareness are expected to hinder the market growth.

North America led the wearable technology market growth with high adoption rate and better consumer awareness in the region. The North America region contributed over 2/5th of the global wearable technology market revenue and will consolidate its lead position during the forecast period. Europe and Asia Pacific region will collectively account for about 49% of the market revenue by 2018.

The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the global wearable technology market as below:


Wearable technology market segmentation
  • Fitness and Wellness
  • Smart clothing and smart sports glasses
  • Activity monitors
  • Sleep sensors
  • Others
  • Infotainment
  • Smart watches
  • Augmented reality headsets
  • Smart glasses
  • Others
  • Healthcare and Medical
  • Continuous Glucose Monitor
  • Drug delivery
  • Monitors
  • Wearable patches
  • Others
  • Industrial and Military
  • Hand worn terminals
  • Augmented reality headsets
The geographies covered in this report include
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW).
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Tuesday 4 March 2014

OLED Displays Market - Global Industry Analysis, Market Size, Share, Growth And Forecast 2012 - 2018

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OLED Display MarketAccording to a new market report published by Transparency Market Research "OLED Displays Market - Global Industry Analysis, Market Size, Share, Growth and Forecast, 2012 - 2018" the global OLED displays market is expected to reach USD 25.9 billion by 2018 from USD 4.9 billion in 2012 growing at a CAGR of 31.7% from 2012 to 2018. Mobile phones are the largest end use application and accounted for 71% of the total OLED displays market in 2012. Asia Pacific region is the biggest producer as well as consumer of OLED displays and contributed almost 90% to the OLED displays market in 2012.
Energy efficiency and eco-friendly attributes associated with OLED displays are primarily driving the demand for them globally. OLED displays are expected to enjoy high market penetration mainly due to the benefit of biodegradability that they offer. The increasing demand and supply gap of electricity worldwide is generating the need for energy efficient products. OLED displays are known to save up to 40% of power for smartphone and TV usage, subject to the brightness and content. In addition, enhanced features including the wider range of colors, increase in the number of times per second a display redraws data, improved 3D adaptability, thinner dimensions, better flexibility and transparency contribute to the market growth of OLED displays.
With the advancement in technology resulting in the mass production of OLED displays, the prices are expected to fall considerably, leading to significant rise in its acceptance among the consumer and application market.
Out of the two types of technologies namely, Passive Matrix OLED (PMOLED) and Active Matrix OLED (AMOLED), the latter is ruling the market and commanded 80% share of the total OLED displays market in 2012. Active matrix OLED displays are largely used in smart phones due to their superior picture quality, response time and contrast. Increasing market share and popularity of active-matrix OLED (AMOLED) is also expected to drive the OLED displays market globally.
Among all the end product segments of OLED displays, mobile phones accounted for a massive 71% share in 2012. OLED TVs distantly followed mobile phones but are expected to experience tremendous growth in the upcoming years. The market for TVs using OLED display technology is expected to surpass the market for mobile phones using OLED display by 2015. This growth will be attributed to the development of large sized OLED displays by manufacturers. Tablet PCs and digital cameras will also contribute substantially to the growth of OLED displays owing to the frequent technological up-gradation taking place in both the product categories. All the other end product segments including white goods, collectively accounted for less than 5% of the OLED displays market revenue in 2012.
The market is largely consolidated with top four manufactures who accounted for more than 80% share of the overall OLED displays market in 2012. Samsung Electronics held the lead position in the global shipment of OLED displays in 2011. WiseChip, Visionox and Pioneer are among the top four OLED display manufacturers.
The research report on the global OLED displays market is specially designed to analyze the demand and usage of OLED displays across the globe. This research study provides in-depth analysis of the on-going developments, trends, factors driving the sale of OLED displays, as well as factors limiting the growth of OLED displays in the global market. The global OLED displays market is estimated and analyzed by segments such as technology type, end use segment, and geographical region. The sub-segments covered under each of these categories include.
OLED Display Technologies
  • Driving electronics
  • Passive matrix OLEDs (PMOLED)
  • Active matrix OLEDs (AMOLED)
OLED Display Market by End Use
  • Mobile phones
  • TV displays
  • Netbook/desktop
  • Digital cameras
  • Automotive
  • Others
OLED Display Market by Geography
  • North America
  • Europe
  • Asia Pacific
  • RoW
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