Global Flexible Display Market Size Projected to Reach $97.56 Billion During the Forecast Period
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How Does The Market Size Of The Flexible Display Industry Compare Between 2025 And 2029?
The dimension of the flexible display sector has seen considerable, rapid expansion recently; specifically, its valuation is projected to jump from $25.97 billion in 2024 to $34.12 billion the following year, marking a 31.4% compound annual growth rate during this timeframe, an upswing fueled historically by increased uptake in consumer electronics, significant financial allocations toward R&D efforts, expansion noted within the automotive segment, and a general escalation of the e-commerce domain.
Anticipating substantial expansion across the ensuing years, the flexible display sector’s overall market valuation is projected to reach $97.56 billion by 2029, demonstrating a robust compound annual growth rate (CAGR) of 30.0%. This forthcoming surge is fueled by multiple factors, such as the increasing incorporation of smart home technologies, advancements within the healthcare industry, heightened smartphone uptake globally, an increase in personal disposable earnings, and the burgeoning gaming and entertainment industries. Key developments expected to characterize this period involve the advancement of wearable gadgets, the emergence of holographic display solutions, deeper integration with the Internet of Things (IoT), a shift towards environmentally sound and sustainable production methods, and a greater emphasis on tailored and individualized product offerings.
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What Are The Main Drivers Boosting The Flexible Display Industry’s Expansion?
Anticipated escalation in the appetite for screens utilizing OLED technology is poised to fuel the expansion of the flexible display sector moving ahead; an OLED, which stands for organic electroluminescent diode, is essentially a light-emitting component featuring an illuminating organic layer crucial for delivering superior image fidelity, and since most flexible screens employ OLED technology precisely because this allows for enhanced visual characteristics even when subjected to flexing or contortion, we can observe concrete examples such as LG, a major South Korean electronics corporation, reporting its historical peak annual revenue in its 2022 financial statement released in January 2023, where sales climbed to exceed $60 billion for the initial time, marking a 12.9% increase compared to 2021 figures when turnover briefly surpassed about $52.70 billion; moreover, LG’s revenue specifically from the display division reached $22.5 billion in 2022, representing a 10.3% year-on-year improvement, thus confirming that the increasing incorporation of OLED screens in products like mobile phones and televisions serves as a primary catalyst pushing the flexible display market forward.
What Are The Different Segment Classifications Within The Flexible Display Market?
The flexible display market covered in this report is segmented –
1) By Display Type: OLED (Organic Light-Emitting Diodes), LCD (Liquid-Crystal Display), EPD (Electronic Paper Display), Other Display Types
2) By Substrate Material: Glass, Plastic, Others Substrate Types
3) By Form Factor: Curved Display, Bendable and Foldable Display, Rollable Display
4) By Application: Smartphone and Tablet, Smartwatches and Wearables, Television and Digital Signage Systems, PC Monitors and Laptops, E-reader, Electronic Shelf Labels (ESLS), Vehicles and Public Transports, Other Applications
Subsegments:
1) By OLED (Organic Light-Emitting Diodes): Flexible OLED Displays, Foldable OLED Displays
2) By LCD (Liquid-Crystal Display): Flexible LCD Displays, Transparent LCD Displays
3) By EPD (Electronic Paper Display): Monochrome EPD, Color EPD
4) By Other Display Types: MicroLED Displays, Quantum Dot Displays
Which Competitive Trends Are Defining The Flexible Display Market Structure?
Innovation in technology is proving to be a significant and increasingly favored direction within the flexible display sector. Leading participants in this arena are centering their efforts on pushing technological frontiers as a means to solidify their standing. As a clear illustration, Samsung Electronics, a firm from South Korea renowned for its smartphones, laptops, and televisions, introduced fresh display technologies in January 2022 with their latest Lifestyle Television lineup, presenting MicroLed and Neo QLED screens. These televisions incorporate the Neo Quantum Processor, which grants the sets command over illumination, thereby improving both the screen’s brightness and the precision of all displayed visuals, while also integrating capabilities such as cloud gaming, simultaneous on-screen activities, and a host of sophisticated, customized functionalities.
Which Leading Companies Dominate The Flexible Display Market Share?
Major companies operating in the flexible display market include BOE Technology Group Co. Ltd., LG Display Co.Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc., AU Optronics Corp., Innolux Corporation, Corning Inc., Sharp Corporation, Visionox Technology Inc., E Ink Holdings Inc., Koninklijke Philips N.V., Microtips Technology, Delta Electronics Inc., DuPont de Nemours Inc., Hewlett Packard Enterprise Development LP, Nokia Corporation, Sony Corporation, Atmel Company, Plastic Logic GmbH, Panasonic Corporation, Japan Display Inc., FlexEnable Limited, Chunghwa Picture Tubes Ltd., Huawei Technologies Co. Ltd., Innolux Corporation, AU Optronics Corp., TCL Electronics Holdings Limited, Microchip Technology Inc., Cambrios Technologies Corp.
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How Do Regional Market Performances Compare Within The Flexible Display Industry?
North America was the largest region in the flexible display market in 2024. The regions covered in the flexible display market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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