Market Insight
The Flexible Display Technology Market Analysis is growing rapidly over 21% of CAGR and is expected to reach at USD ~36 billion by the end of forecast period. Development of display technology has paved the way for the development of flexible displays in the current time. Market focused reports connected to the semiconductor sector among others have been made accessible by Market Research Future, which publishes reports.
Display technology has modified from traditional cathode ray tube (CRT) displays to the latest flexible displays. These displays are thin, lighter in weight, rugged, have a high resolution which can be easily folded or rolled in any direction. The market for flexible displays serves new opportunities for the display manufacturers to introduce new display features in various devices such as mobiles, laptops, wearables, digital signage and display panels of vehicles.
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Market Drivers & Trends
The increasing demand for electronic products and advancements in display technology are the major driving forces for the growth of flexible display technology market. The manufacturers are continually building flexible displays for smartphones and other devices to boost customer satisfaction. With this, the demand for connected and autonomous vehicles is on the rise which requires a presentation for navigation and infotainment services.
Furthermore, with the dawn of the concept of smart city, digital signage systems are being widely adopted for various mediums such as advertising, map displays and other purposes, which is yet another expected factors to lift the demand for flexible display technology.
On the flip side, factor such as complex manufacturing process of flexible displays can be one of the significant factors obstructing the market growth.
Global Flexible Display Technology Market: Segmental Analysis
Segmental analysis of the Flexible Display Technology Market Size has been conducted based on technology, display type, material, end-user, application and display size.
On the basis of technology, the market has been segmented into organic light emitting diode (OLED), liquid crystal display (LCD), quantum dot and electronic paper display. On the basis of display type, the market is segmented into foldable, rollable and bendable. Based on material, the market has been segmented into glass-reinforced plastic (GRP), glass and polymer. Based on end-user, the market is segmented into aerospace, automotive, transportation, retail, government, utilities and others. Based on application, the market has been segmented into tablet, smartcard, wearable displays, e-reader, smartphones, electronic shelf label, laptop, digital signage, TV and others. On the basis of size, the market has been segmented into above 30’’, 6 – 30’’, and up to 6’’.
Key Players
The prominent players in Flexible Display Technology Market are Samsung (South Korea), LG Display Co., Ltd (South Korea), Sony Corporation (Japan), Atmel Corporation (US), Kent Displays Inc. (US), Universal Display Corporation (US), Novaled AG (Germany), Dupont Display (US), Corning Inc. (US) and Philips Electronics (Netherlands).
Other players include Materion Corporation (US), AU Optronics Corporation (Taiwan), E Ink Holdings Inc. (Taiwan), Innolux Corporation (Taiwan), and Visionox Company (China) among others.
Global Flexible Display Technology Market: Regional Analysis
The market has been covered across North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Latin America. The flexible display technology market in North America is projected to witness a healthy growth during the forecast period. The display technology sector has witnessed significant growth in countries such as Canada, the U.S. and Mexico. Several leading display technology manufacturers are based in North America, which puts the region in a favourable position. Moreover, presence of a massive electronics market, makes North America an attractive investment destination for market players. Display-based consumer electronics products such as mobile phones and laptops are witnessing a strong penetration the region. Manufacturers are investing heavily in R&D to drive innovation. Electronic companies are focusing on flexible display technologies as it is viewed as the next frontier for innovation in display. APAC is another high-growth, which is increasingly being explored by market players. The untapped markets in the region remain an attractive prospect for electronics companies, this in turn is expected to reflect favourably on the APAC flexible display technology market.
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