Market Synopsis: —
A tremendous rate of technological transformation has taken place in displays over the years. The display industry is on course to take yet another leap of faith with flexible display technology. Market Research Future (MRFR) projects that the global Flexible Display Technology Market will witness a healthy growth over the next couple of years. Flexible display is expected to witness a strong growth in the forthcoming years.
Flexible displays are far more superior as compared to conventional displays. Flexible displays are ultra-thin, and light weight, which makes them a sought-after component. They also allow consumer electronics manufacturers to further optimise their products. Flexible displays are witnessing a rapid adoption in devices such as laptops, digital signage, mobiles, display panels of vehicles and wearabels. Factors such as growing miniaturization trend, touch-screen control, and display integration in electronics are fuelling the demand for flexible display technology.
Growing preference for display based electronic products and consistent innovation in display technology are two most important factors fuelling the growth of the market. Moreover, increasing number of smartphone users and smart watch users is also making positive impact on the market. Nonetheless, flexible display manufacture is complex and a certain degree of expertise in display technology.
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The global flexible display technology market is expected to generate a market value of USD 15 billion by 2023 growing at a CAGR of ~ 35%.
The prominent players in the market of flexible display technology 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: Segmental Analysis
Segmental analysis of the market 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’’.
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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• Associations, Organizations, Forums, And Alliances
• Government Bodies and Departments
• Original Equipment Manufacturers
• Display Material Providers
• Original Device Manufacturers
• Technical Universities
• Service Providers
• Research and Development Companies
• Market Research and Consulting Firms
• Technology Standards Organizations
• Technology Investors
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