BANGALORE, India, July 8, 2024
/PRNewswire/ -- Flexible Display Market is Segmented by Type
(Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED),
Electronic Paper Display (EPD)), by Application (Smartphone,
Tablet, Laptop, Smartcard, TV, Wearable Display): Global
Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Flexible Display Market was valued at USD 4882 million in 2023 and is anticipated to
reach USD 28130 million by 2030,
witnessing a CAGR of 27.9% during the forecast period
2024-2030.
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Major Factors Driving the Growth of Flexible Display
Market:
The market for flexible displays is expanding quickly as a
result of developments in display technology and rising consumer
desire for creative and adaptable electronics. Compared to
conventional rigid displays, flexible displays—which can be
twisted, rolled, or folded—offer a number of benefits, such as
increased durability and new design options. Their use in
smartphones, wearable technology, televisions, and other consumer
electronics has increased as a result. The market is further driven
by consumers' increasing inclination for small, stylish gadgets and
by major industry players' ongoing expenditures in R&D to
enhance the functionality and productivity of flexible
displays.
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TRENDS INFLUENCING THE GROWTH OF THE FLEXIBLE DISPLAY
MARKET
The market for flexible displays is expanding at a substantial
rate because of Organic Light Emitting Diode (OLED) technology,
especially in the smartphone and tablet segments. When compared to
typical LCD displays, OLED displays are preferred due to its
greater image quality, which includes higher contrast ratios,
faster reaction times, and better color accuracy. Their small,
light weight, and flexibility enable the creation of cutting-edge
gadget designs, such curved and folding screens, which are becoming
more and more well-liked by users. Since OLED technology satisfies
customer desire for svelte, highly functional, and aesthetically
beautiful gadgets, its adoption by top manufacturers in flagship
smartphones and high-end tablets is driving market expansion.
The flexible display industry is expanding at a substantial rate
thanks to the usage of flexible screens in wearable technology. The
development of lightweight, robust, and flexible screens that can
follow the curves of the human body has been made possible by
flexible OLED and e-paper technologies, which improves the wearable
devices' use and comfort. These displays may be easily integrated
into a variety of form factors, such as smartwatches, fitness
trackers, and medical monitors. They also have excellent image
quality and low battery consumption. Flexible display usage is
speeding up and the market is developing as a result of customer
desire for wearable technology that is both innovative and visually
beautiful, as well as the increased emphasis on health and fitness
monitoring.
Another important element propelling market expansion is the
deployment of flexible displays by the automobile industry.
Advanced infotainment, dashboard, and head-up display systems are
becoming more and more common in modern cars. Flexible screens
provide automakers the chance to create creative, curved, and
ergonomic interfaces that improve the look and feel of their
vehicles. Flexible displays are in high demand as a result of the
rising trend towards connected and autonomous vehicles. These
displays offer adaptable and aesthetically pleasing ways to
integrate cutting-edge technologies into the interior of
automobiles.
The market for flexible displays is being greatly impacted by
the growing popularity of foldable smartphones. Leading smartphone
makers are introducing foldable versions that provide bigger
screens in smaller form factors by utilizing flexible display
technology. Customers looking for rich viewing experiences and
multitasking capabilities may find these devices appealing.
Flexible display demand is being driven by the creative design and
improved functionality of foldable smartphones, which are
generating consumer attention and acceptance. The rivalry grows as
more companies join the foldable smartphone space, which
accelerates the development of flexible display technology.
The rising demand for foldable smartphones is having a
significant effect on the flexible display business. Prominent
manufacturers of smartphones are releasing foldable models that use
flexible display technology to give larger screens in smaller form
factors. These gadgets may be intriguing to customers who are
searching for multitasking capabilities and rich viewing
experiences. The need for flexible displays is being fueled by
foldable smartphones' innovative designs and enhanced
functionality, which are drawing interest and acceptance from
consumers. The competition intensifies as more businesses enter the
foldable smartphone market, hastening the advancement of flexible
display technology.
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FLEXIBLE DISPLAY MARKET SHARE ANALYSIS
Because of the strong consumer electronics industry and the
presence of large electronics manufacturers, the flexible display
market in Asia-Pacific is
expanding significantly. Leading nations in the creation and
manufacturing of flexible display technology include China, Japan,
and South Korea.
The fast commercialization of flexible displays is facilitated
by the region's robust manufacturing base and significant
expenditures in research and development. The use of cutting-edge
display technology in products like smartphones, wearables, and
televisions, together with the strong demand for cutting-edge
consumer electronics, are further factors propelling market
expansion in this area.
Key Players:
- Samsung Display (Korea)
- LG Display(South Korea)
- Hewlett-Packard Company (US)
- Atmel Corporation (US)
- Kent Displays (US)
- Universal Display Corporation (US)
- Novaled AG (Germany)
- DuPont
- Corning (US)
- Philips Electronics (Netherlands)
- Materion Corporation (US)
- AU Optronics (Taiwan)
- E Ink Holdings (Taiwan)
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- The global Tablet & Notebook Display market was
valued at USD 17200 million in 2023
and is anticipated to reach USD 23550
million by 2030, witnessing a CAGR of 4.5% during the
forecast period 2024-2030.
- The global Interactive Display Screens market was
valued at USD 1014 million in 2023
and is anticipated to reach USD 1546.5
million by 2030, witnessing a CAGR of 6.2% during the
forecast period 2024-2030.
- Commercial Display Cabinet Market
- Digital Display System Market
- Intelligent Display System Market
- The global Display Inspection Equipment market was
valued at USD 2633.8 million in 2023
and is anticipated to reach USD 3502.6
million by 2030, witnessing a CAGR of 4.2% during the
forecast period 2024-2030.
- The global Paper-like Display market was valued at
USD 431 million in 2023 and is
anticipated to reach USD 1844.3
million by 2030, witnessing a CAGR of 23.1% during the
forecast period 2024-2030.
- The global Flexible Electronic Paper Display
market was valued at USD 870
million in 2023 and is anticipated to reach USD 1319.2 million by 2030, witnessing a CAGR of
6.0% during the forecast period 2024-2030.
- Field Emission Display Market
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- Movable Imaging Display Market
- Large Size Display Panel Market
- Medium-Small Display Market
- The global On-camera Monitor market is projected to
reach USD 113.5 million in 2029,
increasing from USD 86 million in
2022, with the CAGR of 4.2% during the period of 2023 to 2029.
- Next Generation Display Market
- The global Passive-Matrix OLED Display market was
valued at USD 360 million in 2023 and
is anticipated to reach USD 802.8
million by 2030, witnessing a CAGR of 12.5% during the
forecast period 2024-2030.
- Curved Screen Display Market
- Expended Reality Display Market
- Consumer Electronics Display Devices Market
- The global Display Test Equipment market was valued
at USD 2633.8 million in 2023 and is
anticipated to reach USD 3502.6
million by 2030, witnessing a CAGR of 4.2% during the
forecast period 2024-2030.
- The global market for LED Display Screen was
estimated to be worth USD 7725.1
million in 2023 and is forecast to a readjusted size of
USD 10840 million by 2030 with a CAGR
of 4.9% during the forecast period 2024-2030
- LED Interactive Display Market
- Smart Display Market
- OLED Displays and Accessories Market
- The global market for OLED was estimated to be
worth USD 20860 million in 2023 and
is forecast to a readjusted size of USD
51130 million by 2030 with a CAGR of 13.5% during the
forecast period 2024-2030
- The global OLED Display Panel Luminescent Material
market is projected to reach USD 1909
million in 2029, increasing from USD
593 million in 2022, with the CAGR of 18.2% during the
period of 2023 to 2029.
- Organic Light-emitting Diodes (OLEDs) Microdisplay
Market
- OLED Encapsulation System Market
- The global Coater and Developer for Large Size OLED
market was valued at USD 64
million in 2023 and is anticipated to reach USD 93 million by 2030, witnessing a CAGR of 7.5%
during the forecast period 2024-2030.
- Flexible Transparent OLED Displays Market
- OLED Digital Signage Market
- Foldable Flexible OLED Panel Market
- The global Automotive OLED Lighting market is
projected to reach USD 66 million by
2030 from an estimated USD 18 million
in 2024, at a CAGR of 24.5% during 2024 and 2030.
- OLED Deposition Equipment - Market
- Biomedical-grade Polymer OLED Materials Market
- The global Passive-Matrix OLED Display market was
valued at USD 360 million in 2023 and
is anticipated to reach USD 802.8
million by 2030, witnessing a CAGR of 12.5% during the
forecast period 2024-2030.
- AR and VR Silicon-Based OLED Panel Market
- The global LCD TV Panel market is projected to
reach USD 62410 million by 2030 from
an estimated USD 54770 million in
2024, at a CAGR of 2.2% during 2024 and 2030.
- The global TFT-LCD market is projected to reach
USD 90020 million by 2030 from an
estimated USD 102250 million in 2024,
at a CAGR of -2.1% during 2024 and 2030.
- The global LCD Touch Screens market was valued at
USD 142 million in 2023 and is
anticipated to reach USD 244.9
million by 2030, witnessing a CAGR of 8.1% during the
forecast period 2024-2030.
- Transparent LCD Display Market
- LCD Splicing Screens Market
- Flexible LCD Display Market
- Flat Panel LCD Controller Market
- Full LCD Instrument Cluster Market
- Military LCD Display Market
- LCD Diffusion Film Market
- LCD Digitizer Market
- LCD Panel Sealant Market
- PCBs for Automotive LCD Market
- LCD Screen Charging Pile Market
- The global LCD Photoresists revenue was
USD 1242.8 million in 2022 and is
forecast to a readjusted size of USD 1449.9
million by 2029 with a CAGR of 2.2% during the forecast
period (2023-2029).
- LCD Reflective Film Market
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