Flexible Display Market is expected to grow at a CAGR of 34.24% from 2019 to 2025.
Flexible Display Market size is expected to grow exponentially from 2019 to 2025 with development in the adoption of OLED knowledge in numerous electric devices such as smartphones, smartwatches, wearables, TVs, digital signages, and electronic shelf labels. The demand for brighter, elastic, and energy-efficient shows is augmenting the market as it offers features such as being ultra-thin, lightweight, bendable, and shatter-proof. OLED shows are designed with a thin plastic layer, which role them higher flexibility and lightweight associated with LED displays. Numerous mobile phone companies are integrating this knowledge with their design for providing product differentiation and to gain a competitive advantage in the market. For instance, Samsung’s S8, S9, and Note 8 features a flexible display, which allows them to have an infinity screen that is curved from both the sides of the phone. The rising adoption of consumer electronics and the flourishing smart wearable devices industry is powerful in the market. Device manufacturers are incorporating these displays and lighting panels to offer flexibility, lightweight structure, durability, and bendability in their devices. These are majorly accepted by mobile phone displays, TV panels, wearable electronics, notebook, and tablet displays. For instance, Samsung Display offers a flexible and strong OLED panel with a transparent plastic cover for consumer electronics, offering a boost to the industry. The increasing demand for energy-efficient and low power consuming devices is driving the market. For instance, Apple’s iPhone X has an integrated OLED display, in which this feature can be seen, growing the durability and performance of devices.
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The global Flexible Display market has been segmented as below:
By Application
Smartphone & Tablet
Smartwatches & Wearables
Television & Digital Signage Systems
PC Monitors & Laptops
E-reader
Electronic Shelf Labels (ESLS)
Vehicles & Public Transports
Smart Home Appliances
By Technology
OLED Display
E-paper Display
Quantum dot LED Display
LED-Backlit LCD
By Panel Size
Up to 6”
Above 50”
20-50”
6-20”
By Substrate Material
Glass
Plastic
Others
By Region
North America
Europe
Asia Pacific
South America
Middle East & Africa
Competitive Rivalry
LG Display Co., Ltd., Samsung Electronics, Innolux Corp., AU Optronics Corp., Japan Display Inc., BOE Technology Group Co., Ltd., Sharp Corp., Visionox Corporation, E Ink Holdings, Inc., Corning Incorporated, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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