Flexible displays are primarily OLED and AMOLED displays which are either curved, bended or completely bendable and foldable. In the current market scenario, consumer electronics manufacturers have been offering numerous smartphones, television sets and other displays devices in a rigid curved form factor. Although these displays are curved as opposed to the traditional rigid flat ones, such displays do not offer true flexibility to the end-users. Such displays can make use of various substrate ranging from glass, plastic or metals out of which plastic and metals offer lightness and enhanced durability. With growing popularity of curved displays, there has been an increasing interest in the commercial applications for flexible displays into commercially viable end products. Some of the key applications of truly flexible displays being considered currently include smartphones, wearables, television sets, automotive displays, virtual reality (VR) devices, laptops and tablets, among others.
One of the major factors driving the demand for flexible displays is the increasing need for innovation in the smartphones industry. For over a decade, the smartphone industry has witnessed immense technological advancements in the fields of processors, sensors, cameras and other software capabilities. In addition, there has also been a tremendous leap in the display technology used in some of the flagship phones available in the market. However, the rigidness of the displays has constrained the change in a smartphones form factor. With the use of flexible displays, leading smartphone manufacturers are aiming towards design and development of foldable smartphones in the near future. Thereby, the requirement to provide a unique experience to the end-users has been primarily driving the demand for flexible displays. Another key area of interest for the flexible displays market lies in the wearables industry. Incorporation of flexible displays into the current wearable devices would enable providers to offer enhanced functionality and features into small sized electronic devices. However, factors such as lack of designs for commercial electronics products have resulted in the limited manufacturing of flexible displays. Leading manufacturers including Samsung Display, LG Display and Royole Corporation, among others however, have been heavily investing towards building higher production capacity in order to reduce the average cost of flexible displays. Thereby, the prospects for the flexible displays market looks promising in the following years.
The report titled “Global Flexible Displays Market- Growth, Future Prospects and Competitive Analysis, 2017 – 2025” offers strategic insights into the global flexible displays market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on application, substrate and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing production and pricing trends in some of the major markets.
In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of pet wearable technology, market positioning and key developments. Some of the major players profiled in the report are Samsung Display, LG Display, TianMa Microelectronics Co., Ltd., Royole Corporation, E Ink Holdings, Inc., Futaba Corporation, UniPixel, Inc. and Plastic Logic Germany, among others.
Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global flexible displays market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
The global flexible displays market is segmented, based on application, into following categories
Based on application, the overall flexible displays market was led by the smartphones segment in 2016. The segment accounted for almost half of the overall flexible displays market revenue across the globe. Factors such as rising demand for innovative product designs in smartphones and increasing consumer spending capacity have led to the higher demand for flexible displays in this segment. Another key application of flexible displays includes the wearables segment. With the use of flexible display technology, wearable manufacturers are expected to design and develop innovative products offering enhanced functions and features.
The automotive displays segment is expected to witness the fastest growth during the forecast period. Rising adoption of various displays in infotainment and navigation systems for automotive applications coupled with increasing consumer spending towards high-end vehicles are expected to drive the demand for flexible displays in the automotive segment during the forecast period from 2017 to 2025.
In 2016, Asia Pacific represented the largest market for flexible displays, in terms of revenue. The demand for flexible displays technology in the region is primarily supported by higher concentration consumer electronics industry manufacturing various products such as smartphones, televisions, wearables, tablets and laptops, among others. Furthermore, the region is also home to some of the leading manufacturers and providers of flexible displays across the world. North America followed Asia Pacific in the overall flexible displays market globally in 2016. Factors such as higher adoption of sophisticated technology accompanied with higher consumer spending capacity are expected to drive the demand for flexible displays in the regions.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Flexible Displays market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Substrate
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
