Smart Watch and Smart Ring LED Market Analysis

LED Type (Micro-LED, AMOLED, NIR LED, SWIR LED)

In smart watch and smart ring LED market, AMOLED segment is poised to capture over 58.2% revenue share by 2037. These solutions offer vibrant displays and energy efficiency in wearable devices, featuring heart rate monitoring and step counting. Such advantages have further led consumers to invest in wearables that track calorie burning, heart rate, sleep quality, and blood oxygen levels. For instance, in September 2024, Amazfit launched the Amazfit T-Rex 3 smartwatch at the IFA Berlin trade event. The new design features a 16% larger and 100% brighter AMOLED display, featuring military-grade durability, cutting-edge outdoor navigation, and unparalleled battery life.

Product Type (Smart Watch, Smart Ring)

Based on product type, the smart watch segment captured a significant share of the smart watch and smart ring LED market by the end of 2037. The growth is driven by smart features such as connectivity with other devices, health & fitness tracking, notifications, and mobile payment capabilities. These watches are increasingly being used by public authorities to prevent chronic conditions by monitoring with real-time data, inflating the demand for specific LEDs. For instance, in August 2023, the FDA approved Samsung’s Irregular Heart Rhythm Notification (IHRN) feature to reduce the risk of stroke, heart failure, and other cardiovascular complications. The new watch analyzes heart rhythms suggestive of atrial fibrillation (AFib) monitored from the wrist in the Health Monitor app.

Our in-depth analysis of the global smart watch and smart ring LED market includes the following segments:

LED Type	Micro-LED AMOLED NIR LED SWIR LED
Product Type	Smart Watch Smart Ring

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the smart watch and smart ring LED market was over USD 819.4 million.

The market size for the smart watch and smart ring LED market is projected to reach USD 1.59 billion by the end of 2037 expanding at a CAGR of 5.7% during the forecast period i.e., between 2025-2037.

The major players in the market are Samsung Display, BOE Technology Group Co., Ltd, LG Display, OSRAM International GmbH, Japan Display Inc. (JDI), Nichia Corporation, DOWA Electronics Materials Co., and others.

In terms of LED type segment, the AMOLED is anticipated to garner the largest market share of 58.2% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 37.4% by the end of 2037 and provide more business opportunities in the future.

Smart Watch and Smart Ring LED Market Analysis