Over the next five years the wearables industry will continue to develop applications ranging from smartwatches, smart wristbands and various facial applications, and will primarily rely on AMOLED technology for displays due to its flexible and energy-saving features, according to Digitimes Research.
Wearable display shipments are expected to have a CAGR of 25% from 2015-2020 and AMOLED is expected to account for over 70% of displays used in smartwatches in 2015 largely due to Apple's move to incorporate the technology in the Apple Watch.
Shipments for microdisplays that use LCoS and AMOLED technologies are also on the rise as headwear devices come down in pricing and are equipped with higher resolution, and because other vendors including Samsung Electronics and Sony move toward releasing new products in 2015.
The smartwatch market is expected to reach 20 million units in 2015, up 500% on year, with most units sized between 1.3- to 1.8-inch, added Digitimes Research.