The
global Flexible
Display Market size is estimated to reach USD 39.19 billion by
2025, expanding at a CAGR of 28.1% over the forecast period, according to a
study conducted by Grand View Research, Inc. Rising adoption of portable
electronic devices is the major factor driving the growth. Flexible displays
are lightweight, energy-efficient, and shatter-proof, which, in turn is driving
their adoption for smartphone manufacturing.
Rising
sales of consumer electronics, such as wearable devices, bendable TVs, and
foldable laptops are expected to proliferate the demand for flexible displays
during the forecast period. Furthermore, technological advancements in the
manufacturing process of flexible Organic Light Emitting Diodes (OLED) has
boosted the demand over the past few years.
Rising
demand from industries, such as healthcare and automotive has opened new growth
avenues for the flexible display market. Automotive manufacturers are focusing
on integrating flexible displays in automotive interiors. For instance, in May
2019, Samsung Corporation and Audi AG formed a strategic partnership to push
Audi’s concept car, Audi Prologue A9 Prototype. The proposed car is expected to
house a flexible, high-resolution Samsung OLED display near the gear stick
helping driver control vehicle settings.
Flexible
display manufacturers are investing huge amounts in R&D in a bid to develop
energy efficient products. In 2018, a total of 20,590 individual
patents/applications were filed by the companies such as Sony Corp., Philips,
Samsung Corporation and others. In October 2018, Royole Corporation, a flexible
display and smart devices manufacturer, launched FlexPai, a foldable device
which can be bent, rolled, and operated as a smartphone as well as tablet.
Thus,
technological advancements in the field of displays are anticipated to provide
sound growth opportunities to manufacturers and offer customers high-quality
touch screen displays. However, huge capital investment requisite to
manufacturing flexible substrate is expected to hamper the market growth during
the forecast period.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/flexible-display-market
Further key findings from the study suggest:
- The OLED
display segment is expected to register significant CAGR of more than
20.0% by 2025. The significant rise in adoption of OLED technology on
account of its ability to reproduce full range picture without a stacked
structure, keeping the picture quality intact, is expected to bode well
for the segment growth
- The plastic
material segment accounted for over two-third of the total market share in
terms of value in 2018 and is expected to expand at a CAGR exceeding 22.0%
from 2019 to 2025. The dominance is majorly driven by the properties, such
as durability and flexibility offered with respect to size and shape
- The
smartphone application segment is expected to expand at a noteworthy CAGR
of 25% over the forecast period. Flexible displays are lightweight and
shatter-proof, which is anticipated to drive the demand
- Asia Pacific
is expected to witness substantial growth in the forthcoming years, owing
to the huge base of consumer electronics manufacturers along with the
escalating demand for compact and light-weight electronic devices
- The flexible
display market is characterized by high competition with the presence of
established players, such as BOE Technology Group Co., Ltd.; Corning
Incorporated; Innolux Corp.; AU Optronics Corp.; E Ink Holdings, Inc.;
Japan Display Inc.; LG Display Co., Ltd.; Royole; Samsung Electronics Co.,
Ltd.; and Sharp Corp. (Foxconn) among others
- These players
are making huge R&D investments in R&D to develop cost-effective
material substrates for use in flexible displays. Companies are
aggressively patenting technologies to get competitive advantage
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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