The latest research study “Flexible Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global flexible display market size reached a value of US$ 13.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 64.4 Billion by 2027, exhibiting a CAGR of 28.70% during 2022-2027.
A flexible display is a visual output surface that bends and twists without breaking. It is made of polymer compounds that offer high durability and enhanced scratch and impact resistance than solid glass structures. It also eliminates the chances of accidental breakage and can be folded and rolled without the text or image being distorted. As a result, flexible displays are widely used in smartphones, smart wearables, tablets, televisions (TVs), personal computers (PCs), digital signage systems, laptops, monitors, vehicles, and smart home appliances.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Flexible Display Market Trends and Drivers:
The market is primarily driven by the increasing utilization of flexible displays in consumer electronics. Besides this, the rising adoption of the organic light-emitting diode (OLED) due to its simplified design, limited flexibility, and better image quality than conventional light-emitting diodes (LEDs) and liquid crystal displays (LCDs) is also contributing to the market growth.
Moreover, the leading market players are extensively investing in research and development (R&D) activities to launch advanced product variants.
They are also filing patents to secure their technology. For instance, Sharp Corporation filed multiple patents for its flexible displays that can be included in smartphones and gaming devices. This, coupled with the rising popularity of electronic paper displays (EPDs) among e-readers, is creating a favorable market outlook across the globe.
Global Flexible Display Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Flexible Display Companies:
AU Optronics Corp., BOE Technology Group Co. Ltd., Corning Incorporated, DuPont de Nemours Inc., E Ink Holdings Inc., Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc., Plastic Logic (FlexEnable Limited), Royole Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Toshiba Corporation.
The report has segmented the market on the basis of region, display type, substrate material and application.
Breakup by Display Type:
- OLED
- LCD
- Electronic Paper Display (EPD)
- Others
Breakup by Substrate Material:
- Glass
- Plastic
- Others
Breakup by Application:
- Smartphones and Tablets
- Smart Wearables
- Televisions and Digital Signage Systems
- Personal Computers and Laptops
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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