Global Flexible Display market outlook 2024, Forecast To 2033
31 Jan, 2024
The flexible display market has experienced exponential growth, rising from $19.65 billion in 2023 to $26.32 billion in 2024, with a compound annual growth rate (CAGR) of 33.9%. This growth in the historic period is attributed to consumer electronics adoption, investment in research and development, growth in the automotive sector, and the rise in the e-commerce industry. Looking ahead to 2028, the market is expected to see exponential growth, reaching $79.36 billion, maintaining a 31.8% CAGR. The forecasted expansion can be attributed to rising smart home integration, growing healthcare sector, increasing adoption of smartphones, rise in disposable income, and the rising gaming and entertainment sector. Major trends in the forecast period include wearable technology, holographic displays, IoT integration, eco-friendly and sustainable manufacturing processes, and customization and personalization.
Global Flexible Display Market Key Driver
The increasing demand for OLED-based devices is driving the growth of the flexible display market. OLED displays, known for better picture quality, are widely used in smartphones and TVs. According to the Retailers Association of India, consumer electronics and appliance sales rose by 23.5 percent in the third quarter of 2021. The rising use of OLED displays in electronic devices propels the flexible display market.
Get A Free Sample Of The Global Flexible Display Market ReportGlobal Flexible Display Market Segments
The global flexible display market covered in this report is segmented –
1) By Display Type: OLED (Organic Light-Emitting Diodes), LCD (Liquid-Crystal Display), EPD (Electronic Paper Display), Other Display Types
2) By Substrate Material: Glass, Plastic, Others Substrate Types
3) By Form Factor: Curved Display, Bendable and Foldable Display, Rollable Display
4) By Application: Smartphone and Tablet, Smartwatches and Wearables, Television and Digital Signage Systems, PC Monitors and Laptops, E-reader, Electronic Shelf Labels (ESLS), Vehicles and Public Transports, Other Applications
By Geography: The regions covered in the Flexible Display market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Flexible Display Industry Players
BOE Technology Group Co. Ltd., LG Display Co.Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc., AU Optronics Corp., Innolux Corporation, Corning Inc., Sharp Corporation, Visionox Technology Inc., E Ink Holdings Inc., Koninklijke Philips N.V., Microtips Technology, Delta Electronics Inc., DuPont de Nemours Inc., Hewlett Packard Enterprise Development LP, Nokia Corporation, Sony Corporation, Atmel Company, Plastic Logic GmbH, Panasonic Corporation, Japan Display Inc., FlexEnable Limited, Chunghwa Picture Tubes Ltd., Huawei Technologies Co. Ltd., Innolux Corporation, AU Optronics Corp., TCL Electronics Holdings Limited, Microchip Technology Inc., Cambrios Technologies Corp.
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Flexible Display Market Overview
A flexible display refers to an electronic display printed on a foldable plastic membrane that can easily be twisted. These displays can withstand being folded, bent, and twisted, and they are more flexible as compared to a flat display. These have better durability and are lightweight. It is used in virtual reality (VR) headsets, digital cameras, laptops, and televisions.
Flexible Display Global Market Report 2023 provides data on the global flexible display market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flexible display market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.