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Flexible Display Market Outlook 2023-2028:
The global flexible display market size reached US$ 17.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.7 Billion by 2028, exhibiting a growth rate (CAGR) of 28.3% during 2023-2028.
A flexible display is a visual output surface that bends and twists without breaking. It is made of polymer compounds that offer high durability and enhanced scratch and impact resistance than solid glass structures. It also eliminates the chances of accidental breakage and can be folded and rolled without the text or image being distorted.
As a result, flexible displays are widely used in smartphones, smart wearables, tablets, televisions (TVs), personal computers (PCs), digital signage systems, laptops, monitors, vehicles, and smart home appliances.
Flexible Display Market Trends:
The market is primarily driven by the increasing utilization of flexible displays in consumer electronics. Besides this, the rising adoption of the organic light-emitting diode (OLED) due to its simplified design, limited flexibility, and better image quality than conventional light-emitting diodes (LEDs) and liquid crystal displays (LCDs) is also contributing to the market growth.
Moreover, the leading market players are extensively investing in research and development (R&D) activities to launch advanced product variants.
They are also filing patents to secure their technology. For instance, Sharp Corporation filed multiple patents for its flexible displays that can be included in smartphones and gaming devices. This, coupled with the rising popularity of electronic paper displays (EPDs) among e-readers, is creating a favorable market outlook across the globe.
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Market Summary:
Breakup by Display Type:
• OLED
• LCD
• Electronic Paper Display (EPD)
• Others
Breakup by Substrate Material:
• Glass
• Plastic
• Others
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Breakup by Application:
• Smartphones and Tablets
• Smart Wearables
• Televisions and Digital Signage Systems
• Personal Computers and Laptops
• Others
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
On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.
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Competitive Landscape:
• 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
• Toshiba Corporation
View Report TOC, Figures and Tables: https://www.imarcgroup.com/flexible-display-market
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