According to the latest report by IMARC Group, titled “Global Flexible Display Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global flexible display market 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 an electronic visual display that folds, bends, and twists without breaking. It is a thin and light-weighted flexible screen that takes minimal space and reduces the chances of accidental breakage. It offers high durability, scratch-resistance, enhanced display, and lower costs compared to conventional displays. Owing to these properties, flexible displays are widely used in smartphones, laptops, televisions (TV), personal computers (PCs), and smart wearables.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Flexible Display Market Trends and Drivers:
The market is primarily driven by the growing utilization of display-based consumer electronic devices across the globe. In addition, the escalating demand for automated vehicles that require a display for navigation purposes represents another major growth-inducing factor.
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Besides this, manufacturers are widely adopting organic light-emitting diode (OLED) due to its flexibility, simplified design, and better image quality, which is positively influencing the market growth. Moreover, key players are making huge investments to enhance their production facilities, and increase their revenue and profitability. They are also focusing on research and development (R&D) activities to introduce innovative product variants.
Furthermore, with the development of smart cities, there has been an increase in the adoption of digital signage systems. This, coupled with the escalating demand for compact and energy-efficient devices, is expected to create a favorable market outlook across the globe.
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.
Global Flexible Display Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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:
- Electronic Paper Display (EPD)
Breakup by Substrate Material:
Breakup by Application:
- Smartphones and Tablets
- Smart Wearables
- Televisions and Digital Signage Systems
- Personal Computers and Laptops
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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