Panel makers in Greater China expect to see smartwatch panel shipments achieve a CAGR of 73.2% from 2014-2017 and a CAGR of 46.1% for smart wristbands as they further invest into developing the two applications, according to Digitimes Research.
The makers' total shipments for the two segments will reach 52.89 million in 2017, up 287% compared with 2014, to represent a CAGR of 57% over the time period.
The makers will benefit from new demand from the applications since they are relatively new to the market, but improvements related to technology and capacity expansion for technologies such as PMOLED and EPD will also make a difference.
Digitimes Research also noted that Taiwan makers have plans to expand LTPS TFT LCD and AMOLED production but will remain relatively weak in the market in terms of flexible AMOLED display production, falling behind Korea makers at an estimated three years in developments.