Flexible Display Market: Global Industry Analysis and Forecast (2023-2029)

Flexible Display Market size was valued at US$ 18.87 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 28.4% through 2023 to 2029, reaching nearly US$ 108.61 Bn.
Flexible Display Market Overview:
In comparison to the usual flat screen displays found in most electronic devices, a flexible display or rollable display is an electronic visual display that is flexible in nature. Because the screens are printed on a flexible plastic membrane, they are incredibly thin and may easily be twisted. Instead of employing tempered glass, most devices have used a plastic-based material to cover the screen, retaining the foldable nature of the device.To know about the Research Methodology :- Request Free Sample Report

COVID-19 Influences on the Market:

The COVID-19 pandemic is having a negative influence on the flexible display market. Many organizations have had to suspend operations as a result of the pandemic in order to reduce the impact of virus infection. This interruption in company activities had a direct impact on consumer electronics device sales, as well as customer demand and supply chain availability. COVID-19 is also having a negative influence on the automotive industry. As a result, demand for flexible displays is expected to decline to some extent in the event of a pandemic.
Flexible Display Market Dynamics:
The global flexible display market is growing due to factors like the increasing usage of display-based consumer electronic devices and the rising need for lightweight, flexible, and energy-efficient devices. Furthermore, technological advancements have resulted in the launch of cutting-edge flexible displays, which are expected to provide new commercial growth potential for market players.

Flexible displays are commonly used by consumer electronics manufacturers due to various advantages such as lightweight, non-fragility, and durability.

Furthermore, due to its sophisticated characteristics, demand for Organic Light Emitting Diode (OLED)-based flexible displays is expected to increase at an exponential rate. Furthermore, during the forecast period, the increased usage of smart wearable devices is expected to drive market growth. As a result, manufacturers are working to boost their production facilities in order to satisfy the rising demand. In addition, the growing popularity of OLED-based devices such as virtual reality headsets, mobile phones, digital cameras, tablets, laptops, and televisions is predicted to boost market growth. However, for new entrants, the difficult manufacturing process and expensive investment required for OLED-based flexible displays can be a barrier.

Flexible displays' increasing popularity in the automotive, healthcare, and other industries is likely to open up new market opportunities. Automobile manufacturers are also focusing on integrating this display into vehicle interiors. These are the major key factors that are expected to drives the growth of the global market during the forecast period 2022-2029.
Flexible Display Market Segment Analysis:
The Flexible Display Market is segmented by Technology, Manufacturing Process, and Application.

Based on the Technology, the market is segmented into LCD, OLED, EPD, E-Paper, and Quantum Dots. OLED segment is expected to hold the largest market shares of xx% by 2029. Due to their high flexibility and energy efficiency, OLED-based displays are widely utilised in smart phones. In comparison to LCD flexible screens, they are also lightweight and have a clean appearance. These are the major factors that drive the growth of this segment in the Global market during the forecast period 2022-2029.

Based on the Application, the market is segmented into Smartphone, Smartwatch, Wearable, TV, Digital Signage, PC Monitor, and Automotive. Smartphone segment is expected to grow rapidly at a CAGR of 12.1% during the forecast period 2022-2029. During the forecast period, government initiatives for smart city projects, as well as the introduction of digital signs with flexible displays, are expected to become widely utilized for advertising and map displays.

Automotive segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the growing demand for navigation and infotainment systems to improve user experience; the flexible display market is expected to gain pace in the transportation and automotive sectors.
Flexible Display Market Regional Insights:
Asia Pacific dominates the Flexible Display market during the forecast period 2022-2029. Asia Pacific is expected to hold the largest market share of xx% by 2029. This is due to the key display manufacturers such as Samsung, LG, Sony, AUO, and E Ink Holdings are present in the region, the Asia-Pacific flexible display market is expected to grow rapidly in the forecast period.

The increasing number of smart phone users, together with the implementation of advanced technologies like augmented reality and 3D display, is expected to boost market growth in this region. Flexible display manufacturing is dominated by countries such as India, Japan, China, and South Korea. Each year, the Chengdu facility in China produces approximately 70 million flexible sheets for phone screens. These are the major factors that drive the growth of this region in the Global market during the forecast period 2022-2029.

North America is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to the increasing demand for durable and light-weight technological devices in North America region.

The objective of the report is to present a comprehensive analysis of the Flexible Display Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Flexible Display Market dynamic, structure by analyzing the market segments and project the Flexible Display Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Flexible Display Relay Market make the report investor’s guide.
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Flexible Display Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 18.87 Bn.


Forecast Period 2023 to 2029 CAGR:
28.4%
Market Size in 2029:
US $ 108.61 Bn.


 Segments Covered:
by Technology
LCD
OLED
EPD
E-Paper
Quantum Dots


by Manufacturing Process
Printing
Vapor Deposition


by Application
Smartphone
Smartwatch
Wearable
TV
Digital Signage
PC Monitor
Automotive



Flexible Display Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Flexible Display Market Key Players are:
1. Panasonic Corporation
2. Samsung Electronics Co. Ltd
3. Japan Display Inc.
4. Osram Licht AG
5. Pioneer Corporation
6. LG Display Co. Ltd
7. BOE Technology Group Co. Ltd
8. Acuity Brands Lighting Inc.
9. AU Optronics Corp.
10.Sharp Corporation
11.Acuity Brands Lighting Inc.
12.Innolux Corporation
13.Hannstar Display Corporation
14.Ritek Corporation
15.Koninklijke Philips N.V.
16.Chunghwa Picture Tubes Ltd

Frequently Asked Questions:

1] What segments are covered in Global Flexible Display Market report?
Ans. The segments covered in Flexible Display Relay Market report are based on Technology, Manufacturing Process, and Application.

2] Which region is expected to hold the highest share in the Global Flexible Display Market?
Ans. Asia Pacific is expected to hold the highest share in the Global Flexible Display Market.

3] Who are the top key players in the Global Flexible Display Market?
Ans. Panasonic Corporation, Samsung Electronics Co. Ltd, Japan Display Inc., Osram Licht AG, and Pioneer Corporation are the top key players in the Global Flexible Display Market.

4] Which segment holds the largest market share in the Global Flexible Display market by 2029?
Ans. OLED segment hold the largest market share in the Global Flexible Display market by 2029.

5] What is the market size of the Global Flexible Display market by 2029?
Ans. The market size of the Global Flexible Display market is US $ 108.61 Bn. by 2029.

6] What was the market size of the Global Flexible Display market in 2022?
Ans. The market size of the Global Flexible Display market was worth US $ 18.87 Bn. in 2022.