Global Flexible Display Market: Regional Insights
Asia Pacific is emerging as a key region for flexible display development, especially in the consumer electronics industry. Countries in the region, especially East Asia (Japan, China, Taiwan), are showing steady growth, mainly due to flexible displays. In the Asia-Pacific area, there is an increase in funding for flexible display research and development. This is fueling the creation of innovative and enhanced flexible display technologies, which is expanding the market.
For Instance, on April 19, 2022- Samsung Electronics Co., Ltd., a South Korea-based multinational electronics company, launched stunning Neo QLED 8K and Neo QLED TVs These televisions offer the best picture quality and enveloping soundscapes to transform living spaces.
North America and Europe are also notable markets for flexible displays, and these regions accounted for a large share of the global market. Increasing demand for flexible displays in the automotive and aerospace industries in North America is driving the market in the region.
Asia Pacific is expected to witness significant growth in the global flexible display market during the forecast period. The importance of flexible batteries is also increasing due to their increasing use in smart cards, wearable electronics, flexible displays, etc. The global flexible display market is driven by growing demand for flexible display technology for various applications such as smart wearable devices, smartphones, tablets, and digital signage.
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