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Foldable Display Market: What are the Future Growth Opportunities? Top Players Applied Materials, 3M., Royole Corporation, BOE Technology Group Co., Ltd., LG Display, Samsung Display, Tianma Microelectronics, UBE Industries, Ltd.

04-13-2020 05:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Foldable Display Market

Foldable Display Market

Foldable display market outlook is bound to transform in the ensuing years. Increasing popularity of upcoming versions of smartphones and wearable devices will further widen the business landscape and support foldable display market expansion. The foldable designs still seem to have some drawbacks, but the companies like Huawei, Xiaomi, and Lenovo are constantly working to eliminate them from the device prototypes.

In terms of regional market trends, North America, the biggest smartphone industry in the world is foreseen to emerge as one of the most profitable grounds for foldable display industry, owing to growing technological advancements as well as high disposable income. Also, the presence of leading giants like Apple and Microsoft in the region, that are planning to incorporate foldable displays in their products may stimulate the regional market growth over the forecast timeline.

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Asia Pacific region may witness a modest market growth for foldable displays, given the restrains of high costs of the newly introduced technology and affordability issues among the low-income countries. The expected prices of such foldable display devices are estimated to be too high for the middle-class masses, which may result in the region depicting an average market growth.

Though foldable display devices will increase the overall productivity of electronic components with their larger views, they would never be able to replace a laptop's ability. Also, the increased thickness and weight of the foldable devices can be a major issue with the users who demand lightweight and lean designs (that are pocket friendly), impelling foldable display market players to carry out effective research and development programs to introduce new design methodology.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
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

Global foldable display market size is poised to experience commendable growth in the forecast time duration owing to rising user preference towards the latest trends, development of bendable displays, and growing adoption of breakthrough technologies. Innovation in nanotechnology screen films gradually transforming the mobile and electronics sector and introducing foldable display technology represents the continuous efforts put into the development of smartphones. Surging interest in the product and its capabilities will create substantial business scope for display manufacturing companies and developers worldwide, propelling foldable display industry outlook.

Foldable displays are flexible in nature, on account of which they can provide design flexibility and manufacturing feasibility to the electronic devices producers. Integration of these displays in new devices provides several benefits over traditional non-foldable displays. Nowadays, increasing adoption of such technology trends by leading smartphone and other electronics equipment manufacturers is slated to enhance foldable display market share over the years ahead.

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The folding display technology will be able to solve the problems of accidental damage from falling, currently a general issue among the smartphone users. The foldable phones will provide a much larger display in terms of a smaller design to create a magical experience for multi-tasking on mobile devices. Larger displays are worth for watching videos, playing games, and reading stuff online, driving in more buyers for foldable display devices and further surging foldable display market size in terms of revenue.

The smartphone and electronic segment represents a continuously increasing customer inclination towards advanced technological offerings, even in many emerging economies, demonstrating a wide target base for foldable display market.

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