Press release
Flexible Display Market Expands Exponentially, Poised to Reach $79.36 Billion by 2028
Flexible Display Market Market
Key Growth Drivers:
OLED-Based Devices Fueling Market Growth:
The surging demand for OLED-based devices is expected to drive the flexible display market's growth. OLED displays, known for superior picture quality even when bent or twisted, are prominently used in smartphones and TVs. The adoption of OLED technology contributed to a 23.5% increase in consumer electronics and appliance sales in the third quarter of 2021, as reported by the Retailers Association of India.
Smartphone Demand Ignites Market Expansion:
The growing demand for smartphones is a significant catalyst for the flexible display market. With smartphones becoming indispensable, flexible displays, known for their durability and resistance to cracking, are increasingly integrated into smartphone designs. The UK alone is expected to have around 65 million smartphone users by 2025, fostering market growth.
Explore the Global Flexible Display Market with a Detailed Sample Report:
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Major Players:
Key players in the flexible display market include BOE Technology Group Co. Ltd., LG Display Co. Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc., and others.
Trends Shaping the Market:
Technological Advancements Drive Market Momentum:
Technological advancements are a pivotal trend shaping the flexible display market. Samsung Electronics, for instance, launched Neo QLED displays featuring MicroLed technology and the Neo Quantum Processor, enhancing brightness and accuracy. The emphasis on cutting-edge personalized features, cloud gaming, and multitasking reflects the market's commitment to technological innovation.
Innovative Flex Displays Transform the Landscape:
Market players are innovating with groundbreaking products like the 7-inch Printed OLED Scrolling Display and the 6.7-inch AMOLED Rollable Display. Introduced by TCL Technology, these flexible displays cater to portable devices, offering unique form factors for tablets, e-readers, and smartphones.
Regional Insights:
North America emerged as the largest region in the flexible display market in 2023, with Asia-Pacific expected to witness the fastest growth. Comprehensive coverage includes regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Segmentation:
The flexible display market covered in this report is segmented -
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
Access the Complete Report for In-Depth Analysis:
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Flexible Display Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Flexible Display Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on flexible display market size, flexible display market drivers and trends, flexible display market major players, competitors' revenues, market positioning, and flexible display market growth across geographies. The flexible display market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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