Press release
Flexible Display Market Precise Outlook 2020- Lg Display Co., Ltd, Samsung Electronics Co., Ltd, Au Optronics Corp., Innolux Corporation
Flexible Display market
The flexible display market was valued at USD 3.676 billion in 2017, and is expected to reach a value of USD 21.956 billion by 2023 at a CAGR of 34.32%, over the forecast period (2018 - 2023).
The Flexible Display market is highly competitive and consists of a number of major players: Lg Display Co., Ltd, Samsung Electronics Co., Ltd, Au Optronics Corp., Innolux Corporation, Sharp Corporation, Boe Technology Group Co., Ltd, Japan Display Inc., Hannstar Display Corporation, Panasonic Corporation, Chunghwa Picture Tubes Ltd, Acuity Brands Lighting, Inc., Koninklijke Philips N.V., Osram Licht Ag, Pioneer Corporation, Ritek Corporation and others
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Scope of the Report
Owing to the rising demand for consumer electronics, such as wearable devices, smartphones, and television and computer peripherals, and high adoption in entertainment and gaming, the market for flexible displays is expected to witness a significant growth rate over the forecast period.
Key Market Trends
OLED Technology Segment is Expected to Witness the Highest Growth
OLEDs (organic light emitting diodes) are comparatively lighter and thinner than regular LCDs, as they do not need any backlight or filters and allow the display to be bent, rolled, and folded. The demand for flexible displays over rigid majorly arises from the consumer electronics sector, such as smartphone, tablets, display screens, and various others. It is expected that OLED displays could occupy more than 35% of the smartphone displays by the end of 2020. With increased smartphone adoption globally, the demand for high definition ultra- high displays is growing at a fast rate.
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Latest News:
January 2018 - In CES 2018, Pioneer showcased the foundation for its next 80 years of automotiveinnovation, which includes both aftermarket and automotive OEM technologies. The portfolio comprises of Flexible OLED Tail Light for automotive.
January 2018 - Universal Display and Sharp Corporation entered into an extended and updated evaluation agreement. Under this agreement, Universal Display will supply its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Sharp Corporation for use in the companys OLED displays.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: Flexible Display Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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