Flexible Display Technology Market is Expanding Due to Growing Adoption of Organic LED Based Flexible Displays

Flexible Display Technology Market Analysis 

The global flexible display technology market will touch USD 36 billion at a 21% CAGR by 2022, states the latest Market Research Future report.

Drivers 

Growing Adoption of Organic LED based Flexible Displays to Boost Market Growth 

The growing adoption of organic LED based flexible displays will boost market growth over the forecast period for the increase in high-performance applications and high-definition content. 

Opportunities 

Rising Demand from Auto Industries to offer Robust Opportunities 

Growing need for flexible displays in the automotive and other industries is expected to provide growth possibilities for the market’s major players. Automotive interior designers are focusing on integrating flexible displays. Audi AG and Samsung Corporation, for example, formed a strategic alliance in May 2019 to promote the new Audi Prologue A9 Prototype, basically a concept automobile from the former. A high-resolution, flexible Samsung OLED display near the gear shift is supposed to aid better regulate the vehicle settings in the suggested car.

Restraints 

Complex Manufacturing Process to act as Market Restraint 

The complex manufacturing procedure of flexible displays may act as a market restraint over the forecast period. 

Challenges 

Fluctuations in ASPs to act as Market Challenge 

The fluctuations in ASPs of the flexible display panel may act as a market challenge over the forecast period. 

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Market Segmentation 

The global flexible display technology market has been bifurcated based on technology, material, component, display size, application, and end user. 

By technology, the global flexible display technology market is segmented into organic light-emitting diode (OLED), liquid crystal display (LCD), electronic paper display, & quantum dot.

By material, the global flexible display technology market is segmented into polymer, glass, and glass-reinforced plastic (GRP).

By component, the global flexible display technology market is segmented into foldable, rollable, and bendable. 

By display size, the global flexible display technology market is segmented into 6’’, 6 – 30’’, and above 30’’.

By application, the global flexible display technology market is segmented into tablets, smartphones, laptops, TV, wearable displays, smartcards, digital signage, e-reader, electronic shelf label, and others.

By end user, the global flexible display technology market is segmented into automotive, aerospace, retail, transportation, government, utilities, and others.

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Regional Analysis 

APAC to Rule Flexible Display Technology Market 

By the end of the projected period in 2023, Asian Pacific countries are expected to have experienced the most growth. The need for display panel manufacturing plants is increasing in the APAC market. There is also widespread usage of OLED displays, which is expected to aid the market’s optimum expansion. Citizens’ disposable income from various countries in the APAC area is increasing. People are willing to spend their money on high-quality, trendy consumer products. The cost of labour in this location is relatively low, and thus plays a significant influence in lowering display panel manufacturing prices. In addition, the expanding availability of infrastructure & fluent resources within this region is enticing numerous small, medium, and large-scale OLED and LCD panel manufacturers to locate their manufacturing units here.

Key Players 

Eminent market players profiled in the global flexible display technology market report include Samsung (South Korea), Sony Corporation (Japan), LG Display Co., Ltd (South Korea),Atmel Corporation (US), Universal Display Corporation (US), Novaled AG (Germany), Kent Displays Inc. (US), Corning Inc. (US), Dupont Display (US), and Philips Electronics (Netherlands). There are other players such as Materion Corporation (US), E Ink Holdings Inc. (Taiwan), Innolux Corporation (Taiwan), AU Optronics Corporation (Taiwan), and Visionox Company (China) among others. 

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Flexible Display Technology Market Research Report, By Display Type (Bendable, Rollable), By Application (Smartphone), By Technology (OLED), By Material (Polymer), By End-User (Retail, Automotive) — Forecast Till 2027

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