Press release
Flexible Display Market to Surpass USD 110.29 Bn by 2030 Amidst Technological Advancements
Flexible Display Market
The global flexible display market, valued at USD 18.96 billion in 2023, is projected to experience substantial growth, reaching approximately USD 110.29 billion by 2030. This represents a compound annual growth rate (CAGR) of 28.6% from 2024 to 2030.
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◉ Flexible Display Market Dynamics Driving Growth
The surge in demand for flexible displays is primarily driven by their increasing adoption in consumer electronics, automotive, and healthcare sectors. Flexible displays offer advantages such as lightweight, durability, and the ability to conform to various shapes, making them ideal for innovative applications. Advancements in materials like organic light-emitting diodes (OLEDs) and electronic ink have further enhanced the performance and appeal of these displays.
◉ Flexible Display Market Regional Insights
Asia-Pacific dominates the flexible display market, with major manufacturers like Samsung, LG, Sony, AUO, and E Ink Holdings based in this region. The high concentration of smartphone users and the rapid adoption of technologies such as augmented reality contribute to the region's leading position. North America is also witnessing significant growth, driven by consumer demand for durable and lightweight devices. Europe, particularly Germany, plays a crucial role as a key exporter of flexible displays.
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◉ Flexible Display Market Competitive Landscape
The flexible display market is characterized by intense competition among key players focusing on innovation and strategic partnerships. Companies are investing heavily in research and development to introduce advanced products and gain a competitive edge.
◉ Flexible Display Market Country-Specific Developments
Flexible Display Opportunities in Vietnam
Vietnam's burgeoning electronics manufacturing sector presents significant opportunities for flexible display integration, particularly in consumer electronics and wearable devices.
Flexible Display Growth in Thailand
Thailand's focus on becoming a regional hub for automotive production offers potential for flexible displays in next-generation vehicle interfaces and infotainment systems.
Flexible Display Trends in Japan
Japan's emphasis on technological innovation and high-quality electronics drives the adoption of flexible displays in cutting-edge consumer gadgets and medical devices.
Flexible Display Consolidation in South Korea
South Korea, home to industry giants like Samsung and LG, is witnessing market consolidation as these companies expand their flexible display portfolios through mergers and acquisitions.
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Flexible Display Updation in Singapore
Singapore's smart nation initiatives and investment in advanced manufacturing are fostering the adoption of flexible displays in smart devices and public information systems.
Grand View Research
Flexible Display Developments in the United States
The U.S. market is experiencing significant developments, with tech companies integrating flexible displays into smartphones, tablets, and wearable technology to enhance user experience.
Flexible Display Expansion in China
China's rapid industrialization and growing consumer electronics market are driving the expansion of flexible display manufacturing and application across various sectors.
Flexible Display Innovations in Europe
European firms are at the forefront of flexible display innovations, focusing on applications in automotive displays, fashion, and wearable technology.
◉ Recent Mergers and Acquisitions
Samsung Display acquired Cynet, a flexible OLED technology company, to enhance its product offerings and strengthen its market position.
LG Display merged with Innolux Corporation to leverage combined expertise in flexible display technologies and expand their global footprint.
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◉ Flexible Display Market Segmentation
by Display Type
LCD
OLED
EPD
E-Paper
Quantum Dots
by Application
Smartphone
Smartwatch
Wearable
TV
Digital Signage
PC Monitor
Automotive
◉ Flexible Display Market Key Players for North America
1. Acuity Brands Lighting [United States]
2. Corning Incorporated [United States]
3. Kateeva [United States]
Flexible Display Market Key Players for Europe
1. Osram Licht AG [Germany]
2. Koninklijke Philips N.V. [Netherlands]
3. FlexEnable [United Kingdom]
Flexible Display Market Key Players for Asia Pacific
1. Panasonic Corporation [Japan]
2. Samsung Electronics [South Korea]
3. Japan Display [Japan]
4. Pioneer Corporation [Japan]
5. LG Display [South Korea]
◉ Key Recent Developments
Royole Corporation launched the Rokit, the world's first open-platform flexible electronics development kit, enabling developers to create innovative applications using flexible displays.
LG Corporation introduced OLED EX technology, enhancing OLED TV performance by incorporating deuterium and personalized algorithm-based technology.
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