Press release
Flexible Display Market Outlook 2024: Exclusive Report By The Business Research Company
Flexible Display Market
The Business Research Company offers in-depth market insights through Flexible Display Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to rising smart home integration, growing healthcare sector, growing adoption of smartphones, rise in disposable income, rising gaming and entertainment sector. Major trends in the forecast period include wearable technology, holographic displays, iot integration, eco-friendly and sustainable manufacturing processes, customization and personalization.
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Market Segmentation:
The flexible display market consists of sales of flexible displays by entities (organizations, sole traders, and partnerships) that are used in virtual reality (VR) headsets, digital cameras, laptops, and televisions. A flexible display refers to an electronic display printed on a foldable plastic membrane that can easily be twisted. These displays can withstand being folded, bent, and twisted, and they are more flexible as compared to a flat display. These have better durability and are lightweight in nature.
Major Driver - Oled Based Devices Fueling Growth In The Flexible Display Market
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.
Competitive Landscape:
Major companies operating in the flexible display market include BOE Technology Group Co. Ltd., LG Display Co.Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc., AU Optronics Corp., Innolux Corporation, Corning Inc., Sharp Corporation, Visionox Technology Inc., E Ink Holdings Inc., Koninklijke Philips N.V., Microtips Technology, Delta Electronics Inc., DuPont de Nemours Inc., Hewlett Packard Enterprise Development LP, Nokia Corporation, Sony Corporation, Atmel Company, Plastic Logic GmbH, Panasonic Corporation, Japan Display Inc., FlexEnable Limited, Chunghwa Picture Tubes Ltd., Huawei Technologies Co. Ltd., Innolux Corporation, AU Optronics Corp., TCL Electronics Holdings Limited, Microchip Technology Inc., Cambrios Technologies Corp.
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Top Trend - Technological Advancements Drive The Flexible Display Market
Technological advancements have emerged as a key trend gaining popularity in the flexible display market. Major companies operating in the flexible display market are focused on technological advancements to strengthen their position in the market. For instance, in January 2022, Samsung Electronics, a South Korea-based developer of smartphones, laptops, and televisions, launched new displays, namely, MicroLed, Neo QLED, in their new Lifestyle Television models. The Neo Quantum Processor allows the TV to control its lighting and enhance the brightness and accuracy of all shapes on the screen. This contains cloud gaming, on-screen multitasking, and a wide range of cutting-edge personalized features.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flexible Display Market Characteristics
3. Flexible Display Market Trends And Strategies
4. Flexible Display Market - Macro Economic Scenario
5. Flexible Display Market Size And Growth
…..
27. Flexible Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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