Press release
Prominent Flexible Display Market Trend for 2025: Technological Advancements Drive The Flexible Display Market
The flexible display market is anticipated to be buoyed by the growing demand for devices based on OLED, or organic electroluminescent diodes. These are light-emitting diodes that include an emissive electroluminescent layer that enhances picture quality. The edge that OLED displays hold is their capacity to maintain superior picture quality even when bent or twisted, leading to them being the primary choice for flexible displays. An example worth noting is that from LG, the South Korea-based consumer electronics firm which, as per its Annual Financial Report 2022 published in January 2023, broke its sales record by surpassing $60 billion for the first time ever in 2022, marking a decade high growth rate of 12.9% from 2021 when the annual sales first topped approx $52.70 billion. The revenue was recorded as $22.5 billion in 2022, marking an increase of 10.3% from the year before. Therefore, the increasing incorporation of OLED displays in various devices like smartphones and TVs is fueling the expansion of the flexible display market.
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What Is the projected market size and growth rate for the flexible display market?
The market size for flexible displays has witnessed an exponential surge in the past few years. The market, which was valued at $25.97 billion in 2024, is projected to see an escalation to $34.57 billion in 2025, at a compound annual growth rate (CAGR) of 33.1%. The remarkable growth in the preceding years is credited to the increased adoption of consumer electronics, investment in research and development, expansion in the automotive sector, and the booming e-commerce industry.
The market size for flexible displays is set to experience a remarkable surge in the coming years, with projections indicating it will reach a value of $101.02 billion by 2029, boasting a compound annual growth rate (CAGR) of 30.7%. This substantial expansion during the forecast period can be credited to a number of factors such as the proliferation of smart homes, growth in healthcare industry, increased smartphone usage, higher disposable incomes, and the expanding gaming and entertainment industry. Key trends predicted for this period involve wearable technology, holographic displays, IoT implementation, eco-conscious and sustainable production methods, and a newfound focus on customization and personalization.
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What new trends are reshaping the flexible display market and its opportunities?
Major strides in technology are being recognized as a prevalent trend in the flexible display market. Many leading businesses in this industry are prioritizing technological evolution in an effort to consolidate their market presence. For example, in January 2022, Samsung Electronics, a renowned manufacturer of smartphones, laptops, and TVs based out of South Korea, introduced its new display types, specifically, MicroLed and Neo QLED, in their latest Lifestyle Television models. The incorporation of the Neo Quantum Processor in these TVs allows for better control of lighting and improvement of screen brightness and clarity for all shapes. Additionally, these breakthrough technologies offer cloud gaming, on-screen multitasking, and a diverse array of innovative customized features.
What major market segments define the scope and growth of the flexible display market?
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
By Segments:
1) By OLED (Organic Light-Emitting Diodes): Flexible OLED Displays, Foldable OLED Displays
2) By LCD (Liquid-Crystal Display): Flexible LCD Displays, Transparent LCD Displays
3) By EPD (Electronic Paper Display): Monochrome EPD, Color EPD
4) By Other Display Types: MicroLED Displays, Quantum Dot Displays
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Which region dominates the flexible display market?
North America was the largest region in the flexible display market in 2024. The regions covered in the flexible display market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the flexible display industry growth?
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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What Is Covered In The Flexible Display Global Market Report?
•Market Size Forecast: Examine the flexible display market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the flexible display market for a structured understanding.
•Key Players Overview: Analyze major players in the flexible display market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the flexible display market.
•Segment Contributions: Evaluate how different segments drive overall growth in the flexible display market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the flexible display market.
•Industry Challenges: Identify potential risks and obstacles affecting the flexible display market.
•Competitive Landscape: Review strategic developments in the flexible display market, including expansions, agreements, and new product launches.
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