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Flexible Display Market Report 2024-2033: Market Size, Growth Analysis, Size, Share And Key Trends | BOE Technology Group Co. Ltd., LG Display Co. Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc
Flexible Display Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Flexible Display industry. This report on Flexible Display market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The flexible display market size has grown exponentially in recent years. It will grow from $19.65 billion in 2023 to $26.32 billion in 2024 at a compound annual growth rate (CAGR) of 33.9%. The growth in the historic period can be attributed to consumer electronics adoption, investment in research and development, growth in automotive sector, rise in e-commerce industry. The flexible display market size is expected to see exponential growth in the next few years. It will grow to $79.36 billion in 2028 at a compound annual growth rate (CAGR) of 31.8%.
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Key Market Players:
BOE Technology Group Co. Ltd., LG Display Co. Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc are prominent players in the Flexible Display industry.
Market Drivers:
According to the Flexible Display Market Report 2024 by The Business Research Company, The rising demand for OLED-based devices is expected to propel the growth of the flexible display market going forward. An OLED refers to an organic electroluminescent (organic EL) diode, which is a light-emitting diode, that contains an emissive electroluminescent layer that gives good quality to the picture. Most flexible displays are made of OLED displays because they give better picture quality even when the screen is bent and twisted. For instance, in March 2022, according to the Retailers Association of India (RAI), an Indian retail trade association consumer electronics and appliance sales climbed by 23.5 percent in the third quarter of 2021.Therefore, the rising use of OLED displays in devices such as smartphones and TV is driving the growth of the flexible display market.
More information about the Global Flexible Display Market Report -
https://www.thebusinessresearchcompany.com/report/flexible-display-global-market-report
Market segments for Flexible Display include:
1)By Display Type: OLED (Organic Light-Emitting Diodes), LCD (Liquid-Crystal Display), EPD (Electronic Paper Display), Other Display Types
2)By Substrate Material: Glass, Plastic, Others Substrate Types
3)By Form Factor: Curved Display, Bendable and Foldable Display, Rollable Display
4)By Application: Smartphone and Tablet, Smartwatches and Wearables, Television and Digital Signage Systems, PC Monitors and Laptops, E-reader, Electronic Shelf Labels (ESLS), Vehicles and Public Transports, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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