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Leading Growth Driver in the Flexible OLED Displays Market in 2025: Rising Smartphone Adoption Fueling Growth In Flexible OLED Displays Market Driver's Influence
Flexible OLED Displays Market Size
The flexible OLED displays market is set to flourish, propelled by the surge in smartphone usage. Smartphones are handheld devices that merge the functionality of a conventional mobile phone with the more advanced abilities of a compact computer. Flexible OLED displays play a key part in these devices by offering inventive designs, adaptable shape factors, and increased robustness, crafting a more adaptable and user-friendly interface. For example, Uswitch Limited, a financial conduct authority in the UK, reported in February 2023 that starting from 2022, mobile connections in the UK witnessed a rise of 3.8% (approximately 2.6 million), reaching 71.8 million. Moreover, it is projected that by 2025, the UK population will increase to 68.3 million, out of which 95% (or roughly 65 million people) are expected to possess a smartphone. Consequently, the rising adoption of smartphones is fueling the growth of the flexible OLED display market.
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What is the future CAGR of the flexible oled displays market, and how will it impact industry expansion?
The market size for flexible OLED displays has seen substantial growth in the last few years. Anticipated to expand from $14.37 billion in 2024 to $18.32 billion in 2025, the sector is expected to have a compound annual growth rate (CAGR) of 27.5%. The growth during the historical period is attributable to factors such as rising vehicle ownership, shifting consumer preferences, regulatory adherence, global economic patterns, as well as weather and environmental conditions.
In the coming years, the flexible OLED displays market is projected to experience significant expansion, with its worth estimated to reach $43.96 billion by 2029, representing a Compound Annual Growth Rate (CAGR) of 24.5%. This growth during the forecast period can be linked to factors such as an increase in global vehicle fleet, green initiatives, sustainability approaches, electrification of vehicles, global economic patterns, and geopolitical factors. The anticipated trends for the forecast period encompass ongoing technological innovation, the growth of e-commerce and digitalization, technological progression, advancements in tire technology, and the impact of autonomous vehicles.
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What are the emerging trends shaping the future of the flexible oled displays market?
Recognized corporations in the flexible OLED display market are prioritizing the invention of technologically advanced products, such as flexible OLED display tablets, to enhance their market profitability. These tablets employ flexible OLED (organic light-emitting diode) technology for their screens. For example, in December 2023, Huawei Technologies Co. Ltd, a technology firm based in China, introduced MatePad Pro 13.2, a tablet featuring a flexible OLED display. The versatile design of the tablet makes it suitable for a variety of tasks, from productivity and creative efforts to multimedia enjoyment, and its superior performance, large storage, extended battery life, and high-resolution display support its broad range of uses.
Which key market segments comprise the flexible oled displays market and drive its revenue growth?
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
Subsegments:
1) By Organic Light-Emitting Diode (OLED): Flexible OLED Panels, Transparent OLED Displays
2) By Liquid Crystal Display (LCD): Flexible LCD Panels, Mini LED Backlit LCDs
3) By Electronic Paper Display (EPD): Flexible EPD For E-Readers, E-Ink Displays For Signage
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What regions are at the forefront of flexible oled displays market expansion?
Asia-Pacific was the largest region in the flexible OLED displays market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible OLED displays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the flexible oled displays market?
Major companies operating in the flexible OLED displays market report are Samsung Electronics, Sony Group corporation, Panasonic Corporation, BOE Technology, Sharp Corporation, LG Display, 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
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What Is Covered In The Flexible OLED Displays Global Market Report?
• Market Size Forecast: Examine the flexible oled displays market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the flexible oled displays market for a structured understanding.
• Key Players Overview: Analyze major players in the flexible oled displays market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the flexible oled displays market.
• Segment Contributions: Evaluate how different segments drive overall growth in the flexible oled displays market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the flexible oled displays market.
• Industry Challenges: Identify potential risks and obstacles affecting the flexible oled displays market.
• Competitive Landscape: Review strategic developments in the flexible oled displays market, including expansions, agreements, and new product launches.
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