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Flexible Display Market

Published Date : Jun 2024 | Forecast Year : 2019

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Flexible Display Market Size, Analysis, By Type (OLED, LCD, EPD, Others) By Material (Plastic, Glass, Others) By Application (Smartphones, Smart Wearables, Tv & Digital Signage, Automotive & Transportation, Others) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG860

Published : Jun 2024

Pages : 125

Format : Flexible Display Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 252.2 Billion
MARKET SIZE (2024)USD 37.85 Billion
CAGR (2023-2029)23.8 %
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEOLED
LCD
EPD
Others
BY APPLICATIONSmartphones
Smart Wearables
Tv & Digital Signage
Automotive & Transportation
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSBOE Technology, Microtips Technology, LG Display, Samsung Electronics, AU Optronics, Sharp Corp, ROYOLE Corp, TCL Electronics, Innolux Corp, Plastic Logic .

The Global Flexible Display market size was estimated to be valued at USD 37.85 Billion in 2023 and is expected to reach at USD 252.2 Billion by 2032, exhibiting at a CAGR of 23.8 % during the forecast period. This report provides a deep insight into the Flexible Display Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis:

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Flexible Display Market

Size, by Product, - (USD Billion)

OLED

LCD

EPD

Others

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

23.8 %

The Forecast Market

Size for in USD:

$252.2 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Key Profiles:

BOE Technology, Microtips Technology, LG Display, Samsung Electronics, AU Optronics, Sharp Corp, ROYOLE Corp, TCL Electronics, Innolux Corp, Plastic Logic 

Flexible Display Market Segments:

By Type: OLED, LCD, EPD, Others 

By Material: Plastic, Glass, Others 

By Application: Smartphones, Smart Wearables, Tv & Digital Signage, Automotive & Transportation, Others

Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Flexible Display Market

Share, by end user, (USD Billion)

Analytica Global 37.85 Billion %

Smartphones

Smart Wearables

Tv & Digital Signage

Automotive & Transportation

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

252.2 Billion

Total Market Size

USD (Billion),

23.8 %

CAGR

-

Market Overview:

  • The flexible display market is growing and innovating rapidly, driven by the development of display technology and the growing demand for versatile and durable display solutions. Flexible displays such as OLED (organic light-emitting diode) and E-paper offer unique advantages over traditional rigid displays. They can be bent, folded or rolled, allowing manufacturers to create innovative and compact designs for a variety of applications.
  • Key industries that will benefit from flexible displays include consumer electronics, where smartphones, tablets, and mobile devices use these displays to improve the user experience with sleeker, lighter, and more durable devices. Automakers are also adopting flexible displays for dashboards, infotainment systems and in-car entertainment, capitalizing on their ability to adapt to curved surfaces and optimize interior space.
  • In addition, the healthcare and industrial sectors are exploring flexible displays for applications such as wearable health monitors, electronic paper labels and flexible sensors, which will increase usage and market expansion. The growing consumer preference for durable, more energy efficient and more aesthetic devices is increasing the demand for flexible display solutions. 

Growth Factors of the Market:

  • Continuous innovations in display technologies, especially OLED (Organic Light Emitting Diode) and E-Paper, have greatly improved the efficiency and flexibility of displays. These advances have enabled the production of flexible, foldable and rollable displays that can be integrated into a wide range of applications.
  • Demand for lightweight and portable electronic devices such as smartphones, tablets and mobile devices is increasing. Flexible displays offer manufacturers the ability to create thinner and lighter products without compromising screen size or durability, meeting consumer demands for elegant and ergonomic design.
  • Flexible screens are generally more durable and impact resistant than traditional rigid screens. This durability is particularly useful in applications such as smartphones and wearables, where the devices are subject to daily wear and tear. It also extends the life of the device and reduces maintenance costs.
  • The automotive industry is increasingly integrating flexible displays into vehicles for instrument clusters, head-up displays (HUDs), infotainment systems and interior lighting. Flexible displays can adapt to curved surfaces and complex geometries, allowing automakers to improve the aesthetics and functionality of vehicle interiors.
  • Companies and research institutions are investing heavily in R&D to advance flexible display technologies. This investment improves production processes, materials and scalability, leading to lower costs and wider market access. 

    Flexible Display Market

    Size, by Product, - (USD Billion)

    APAC $ 24

    The Market will Grow

    At the CAGR of:

    23.8 %

    The Forecast Market

    Size for in USD:

    $252.2 Billion B

    b0d51e3055fd6f23ff6a384a6e091406.svg

Technology Insights of Market:

  • In terms of technology, the OLED type dominated the market due to its rapid demand. The screens used in smartphones are mostly rigid in structure due to the glass layer used in the production of the screen. With the introduction of the OLED system, this problem was significantly solved, increasing the life of screens and displays. 
  • This material is very flexible and can withstand many impacts, making it more durable and suitable for everyday wear. It is mostly made of material that is organic and emits light using electricity passing through it.
  • A thin layer of plastic is placed over the screen to protect it. Unfortunately, this thin layer is easily scratched. The screen design is very attractive and flexible. The technology of this monitor has evolved tremendously over the last few years, improving its quality and extending the life of the product. 
  • This display provides a premium viewing experience with a wider color gamut, good contrast, premium image quality, higher brightness, lower power consumption, durability and a wider viewing angle. Many sports brands have also adopted this type of screen. 

Restraints Factors:

  • Flexible screens use advanced technology and special materials to manufacture, which can lead to higher production costs compared to traditional rigid screens. This cost factor may limit mass adoption, especially in the price-sensitive consumer electronics market.
  • Despite the advances, flexible displays can still have durability issues, especially in terms of scratch resistance, wear resistance, and longevity. Ensuring strong durability without compromising flexibility remains a critical area for improvement.
  • Integrating flexible displays into existing equipment and manufacturing processes can be difficult. There may be compatibility issues with other equipment components and technologies that require additional design and testing.
  • Compared to their rigid counterparts, flexible displays can have limitations in terms of brightness, color accuracy and viewing angles, especially in certain lighting conditions. Addressing these performance gaps is critical to expanding their scope.
  • The supply chain for flexible display materials and components such as flexible substrates and encapsulation layers may not be as mature or scalable as for rigid displays. This can lead to supply shortages, production delays and increased costs. 

Development Key Factors of Market: 

  • August 2020 - Smartphone company Nubia announced the launch of a smart wearable with a flexible AMOLED display. Some advanced features like sports and health tracking can be seen on this curved smartwatch. You can also receive text messages with this device. This display offers an enhanced viewing experience with stunning panoramic images.
  • September 2020 - Samsung unveiled the Galaxy Z fold 2 at a virtual event organized at Galaxy unpacked 2020. It is a foldable phone which is considered as the third model of the series which started in 2019. Many advanced features were spotted in this new device which attracted the potential consumers. 

    Flexible Display Market TO (USD BN)

    Flexible Display Market

    CAGR OF

    23.8 %

    Flexible Display Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 252.2 Billion %

The automotive industry offers a profitable opportunity for participants in the market:

  • Flexible screens allow car manufacturers to create stylish and modern interiors. These screens can be seamlessly integrated into curved surfaces, panels and even contoured vehicle areas, enhancing the overall aesthetic appeal and user experience.
  • Flexible displays can be used for a variety of applications in vehicles, including dashboards, head-up displays (HUDs), infotainment systems and rear-seat entertainment. Their ability to adapt to different shapes and sizes allows for more creative and versatile design options compared to traditional rigid displays.
  • HUDs and instrument clusters with flexible screens provide the driver with important information such as speed, navigation instructions and vehicle status directly in their line of sight. This improves safety by reducing the need for drivers to look off the road. In addition, touch-sensitive flexible screens allow for intuitive user interaction that enhances the overall driving experience.
  • As vehicles become more connected and autonomous, flexible displays will play a key role in supporting advanced smart vehicle technologies. These displays can be seamlessly integrated with sensors, cameras and other Internet of Things (IoT) devices to provide real-time information and improve vehicle functionality.
  • The growing Electric Vehicle (EV) market is increasing the demand for innovative and energy efficient display solutions. For example, flexible OLED screens offer better energy efficiency compared to traditional LCD screens (Liquid Crystal Displays), which meets the sustainability goals of the automotive industry. 

FAQs

How big is the Flexible Display Market?

Ans: The Flexible Display market size valued at USD 252.2 Billion in and grow at a CAGR of 23.8 % 

What is the current Flexible Display Market size?

ANS: The Flexible Display market size is expected to be USD 37.85 Billion.

Who are the key players in Flexible Display Market

Ans: BOE Technology, Microtips Technology, LG Display, Samsung Electronics, AU Optronics, Sharp Corp, ROYOLE Corp, TCL Electronics, Innolux Corp, Plastic Logic, 

Which is the fastest growing region in Flexible Display Market?

Ans: North America is estimated to grow at the highest CAGR over the forecast.

Flexible Display Market - Global Outlook & Forecast 2024-2029

Analytica Global
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Analytica Global
Analytica Global
Analytica Global
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Analytica Global

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