Flexible Display Market, By Display Type (OLED,LCD,EPD, Other Display Types), By Substrate material (Glass, Plastic, Other Substrate Materials), By Application (Smartphones and Tablets, Smart Wearables, Televisions and Digital Signage, Personal Computers and Laptops, Other Applications), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023

Code : CMI6020

Pages :170

Formats :

Excel and PDF

Industry : Semiconductors

Flexible Display MarketSize and Trends

The Global flexible display market was valued at US$ 16.14 billion in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 34.7% from 2023 to 2030.

The global flexible display market is primarily driven by the rise of consumer electronics and the growing demand for higher image quality. A flexible display is a visual output display that can be folded, rotated, bent, and rolled. Compared to traditional displays, foldable displays are more durable. The flexible display market is moderately fragmented, with many regional and global players. Compared to traditional panels, OLEDs in smartphones are thinner, lighter, and more durable. The adoption of flexible displays is still in its early stages, but the technology is seen as the next big thing for the smartphone industry.

Global Flexible Display Market Trends:

Increasing demand for flexible display in developing nations

Adaptable exhibitions became increasingly prevalent, and unique conceptual-level products would be prototyped. Innovation firms like Samsung, Microsoft, and Apple are improving and conceptualising wearable products that are more suited to human existence. Microsoft and Sony are developing prototype screen comforts for their gaming consoles that will give players a more engaged experience. Televisions with flexible displays are currently being prototyped by Sony and Samsung, which introduced curved screen TVs. The wearable sector has advanced the creation of mobile show ads and conceptualised unique products using mobile shows.

OLED Technology to Witness Significant Growth

OLED could be a modern show innovation that permits more productive shows and lighting boards. OLEDs are as of now being utilized in an assortment of mobile gadgets and TVs. Over the earlier LED and LCD advancements, OLEDs are the leading later age in show innovation, advertising predominant execution and advanced optical properties. A trend that may be emerging is item delivery by advertiser players.

Besides, smartphone producers such as Samsung Z fold and LG G8X have utilized second-generation adaptable OLED shows that can be bowed. OLEDs were primarily utilized to form a showcase impression of foldable smartphones. Rolled OLEDs, on the other hand, are presently making their way into the TV and smartphone markets.