Smart Watch and Smart Ring LED Market Segmentation:
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 2035. 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 2035. 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:
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