Press release
Flexible Display Technology Market Key Vendors, Segment, Growth Opportunities by 2017 to 2032
Flexible Display Technology Market Size was valued at USD 19 Billion in 2022. The Flexible Display Technology market industry is projected to grow from USD 35 Billion in 2023 to USD 250 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 35.00% during the forecast period (2023 - 2030).A bendable, indestructible, thin, and flexible display is referred to as a flexible display. Displays without the limits of glass-based displays in terms of size, durability, or weight are what manufacturers and consumers alike seek. All of these drawbacks will be eliminated by the flexible display, which is a major driver for manufacturers to use flexible displays in a range of products, including smartphones, televisions, digital signage, and e-paper. A flexible display or retractable display is an electronic visual display that is flexible in nature, as opposed to the typical flat screen displays used in most electronic devices.
The expanding demand for flexible displays is anticipated to open up expansion opportunities for the market's leading players in sectors like healthcare and automotive, among others. The flexible display sector has experienced significant technological advancements recently. From being big and occupying a lot of space, display devices have changed to become small and bezel-less. In comparison to earlier CRT-based display systems, they now have a higher contrast ratio, higher resolution, and reduced power usage. Due to intense rivalry in the display industry, new products have been developed and released with eye-catching aesthetics and cutting-edge specifications. Due to intense rivalry in the display industry, new products have been developed and released with eye-catching aesthetics and cutting-edge specifications.
Market Trends
The market for flexible display technology is anticipated to be driven by the growing need for connected and automated automobiles. Flexible displays are the perfect option for usage in vehicle displays, such as instrument clusters, centre consoles, and infotainment systems since they are thin, light, and can be twisted or curved. The demand for cutting-edge display technologies is rising as the automobile industry transitions to connected and automated vehicles. These vehicles need screens that can interact with the driver and passengers while also providing real-time information. Due to its ability to be manufactured in large quantities and tailored to fit a range of forms and sizes, flexible displays offer a cost-effective option.
Flexible display technology is employed in sectors other than the automotive industry, including consumer electronics and healthcare. The market for flexible screens is being driven by the demand for wearables and other portable gadgets. Healthcare applications like smart patches and medical sensors are also using flexible displays. The market for flexible display technology is also being driven by the expanding use of OLED (organic light-emitting diode) technology. OLEDs are the perfect material to employ in flexible displays since they are thin, light, and flexible. OLED displays are ideal for use in portable and mobile devices due to their high resolution, colour accuracy, and low power consumption.
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Global Flexible Display Technology Market: Segmentations
Global Flexible Display Technology Market: By Key Players
Samsung Display (Korea)
LG Display(South Korea)
Hewlett-Packard Company (US)
Sony Corporation (Japan)
Atmel Corporation (US)
Kent Displays (US)
Universal Display Corporation (US)
Novaled AG (Germany)
DowDuPont
Corning (US)
Philips Electronics (Netherlands)
Materion Corporation (US)
AU Optronics (Taiwan)
E Ink Holdings (Taiwan
Global Flexible Display Technology Market: By Types
Liquid crystal display (LCD)
Organic light emitting diode (OLED)
Electronic paper display (EPD)
Global Flexible Display Technology Market: By Applications
Smartphone
Tablet
Laptop
Smartcard
TV
Wearable Display
Global Flexible Display Technology Market: Regional Analysis
The countries covered in the regional analysis of the Global Flexible Display Technology market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
The report has helped our clients:
• To describe and forecast the Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the Market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the Market for stakeholders by identifying high-growth segments in Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the Market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships
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Frequently Asked Questions (FAQ) :
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• Which type led the Flexible Display Technology market?
• Which end-user had the largest market share in the market?
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