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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

06-05-2019 05:15 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Foldable Display Market

Foldable Display Market

Foldable Display Market is expected to reach over USD 18 billion by 2025. Technological advancements and continuous developments in the OLED technology are creating numerous opportunities for growth of the foldable display market. Display technology has evolved enormously in the past few years from LCDs to LEDs and now with the adoption of OLEDs. OLEDs have made devices thinner while imparting better picture quality, wider viewing angle, and faster response rate.

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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: -
1. 3M
2. Applied Materials
3. AP Systems
4. Asahi Glass Co., Ltd.
5. C3Nano, Inc.
6. Fuji Film
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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Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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