Report DescriptionAbout IMARC Group

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

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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