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Global Flexible OLED Displays Market 2024 Growth Rate, Latest Trends, Industry Insights And Forecast To 2033
Flexible OLED Displays Market
The flexible oled displays market size is expected to see exponential growth in the next few years. It will grow to $35.38 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%. The growth in the forecast period can be attributed to rising global vehicle fleet, green initiatives and sustainability, electrification of vehicles, global economic trends, geopolitical factors. Major trends in the forecast period include continued technological innovation, e-commerce and digitalization, technological advancements, advancements in tire technology, autonomous vehicles impact.
Market Overview -
A flexible OLED (organic light emitting diode) display refers to a type of display technology that incorporates organic compounds to emit light when an electric current is applied. The flexible OLED display can bend, curve, or flex, allowing designers and manufacturers to create innovative and unconventional form factors for electronic devices.
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Rising Smartphone Adoption Fueling Growth In Flexible OLED Displays Market
An increase in smartphone adoption is expected to propel the growth of the flexible OLED displays market going forward. A smartphone is a mobile device that combines the functions of a traditional mobile phone with the capabilities of a small computer. Flexible OLED displays are used in smartphones to enable innovative designs, bendable form factors, and enhanced durability, providing a more versatile and user-friendly experience. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. Further, the UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) are estimated to own a smartphone. Therefore, the increase in smartphone adoption is driving the growth of the flexible OLED display market.
Competitive Landscape -
Major companies operating in the flexible oled displays market report are Samsung Electronics, Sony Group corporation, Panasonic Corporation, BOE Technology, Sharp Corporation, LG Dispaly, Koninklijke Philips N.V., Corning Inc, AU Optronics, Innolux Corporation, Konica Minolta Inc., Osram Licht AG, Tianma Microelectronics Co. Ltd., Acuity Brands Lighting Inc., Mouser Electronics, Japan Display Inc., Visionox Company, E Ink Holdings Inc., Hannstar Display Corporation, Royole Corporation, Chunghwa Picture Tubes Ltd, Ritek Corporation, Universal Display Corporation, Ritdisplay Corporation, EverDisplay Optronics (EDO), 4D Systems, Raystar Optronics, JOLED Inc., Digilent Inc
Innovations In The Flexible OLED Display Market
Major companies operating in the flexible OLED display market are focusing on innovating new technological products, such as flexible OLED display tablets, to increase their profitability in the market. Flexible OLED display tablets refer to tablets that use flexible OLED (organic light-emitting diode) technology for their displays. For instance, in December 2023, Huawei Technologies Co. Ltd., a China-based technology company, launched MatePad Pro 13.2, a flexible OLED display tablet. Its multipurpose design is ideal for various tasks, including productivity, creative work, and multimedia consumption. It is ideal for various use cases due to its powerful performance, large capacity, long battery life, and high-resolution display.
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Key Segments -
The flexible oled displays market covered in this report is segmented -
1) By Display Type: Organic Light-Emitting Diode (OLED), Liquid Crystal Display (LCD), Electronic Paper Display (EPD)
2) By Flexibility Type: Curved Display, Foldable Display
3) By Application: Lighting, Smart Phones, Television, Monitor, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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