Foldable Display Market to witness astonishing growth with Key Players 3M, Applied Materials, BOE Technology Group Co., Ltd., Samsung Display, Semiconductor Energy Laboratory Co., Ltd., Asahi Glass Co., Ltd., Tianma Microelectronics
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Flexible OLED displays have penetrated the market with foldable displays expected to be commercialized by 2019 in smartphones and later PCs. Foldable displays use plastic or metal foils as substrates to make them durable and lightweight, which will enable new device factors such as tablets that can be used as phones and smart wearables that are compatible with smartphones.
The key players covered in this study: -
2. Applied Materials
3. AP Systems
4. Asahi Glass Co., Ltd.
5. C3Nano, Inc.
6. Fuji Film
7. KANEKA CORPORATION
8. Sumitomo Chemical
9. UBE Industries, Ltd.
10. BOE Technology Group Co., Ltd.
11. LG Display
12. Royole Corporation
13. Samsung Display
14. Semiconductor Energy Laboratory Co., Ltd.
15. Tianma Microelectronics
Smartphone manufacturers have launched several prototypes for their foldable devices on which these companies are reportedly working. For instance, Xiaomi and Samsung showcased their foldable tablets/smartphones at the CES 2019. Other smartphone manufacturers, such as Huawei, Motorola, and Apple, are expected to unfold their foldable smartphones after Samsung. In December 2019, Huawei announced that it will launch its first foldable phone with 5G capabilities. Growing R&D in foldable displays and flexible materials is propelling the foldable display market.
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However, the high cost of these displays will result in steady adoption and will penetrate smaller devices initially. The foldable display market will grow on account of device manufacturers? technical capabilities to incorporate them in their offerings with distinct designs, validating their practicality and usefulness.
North America is projected to be one of the prominent markets for foldable displays owing to the flourishing smartphone industry in the U.S. American consumers are at the forefront of adopting technologically advanced gadgets that will drive the foldable display market in the region.
In addition, the high disposable income of American households makes it a target market for foldable device manufacturers due to the high cost associated with them. In Europe, the foldable display market will witness lucrative growth owing to the strong market for Apple iPhone, Samsung high-end smartphones and the increasing market share of Chinese smartphone suppliers.
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