Press release
Flexible OLED Displays Market Anticipated To Witness Robust Growth, Surpassing $43.96 Billion By 2029
Flexible OLED Displays
What Is the Current Flexible OLED Displays Market Size and Its Estimated Growth Rate?
The size of the flexible OLED displays market has seen remarkable growth in the past years. The market, which stands at $14.37 billion in 2024, is projected to balloon to $18.32 billion in 2025, reflecting a compound annual growth rate (CAGR) of 27.5%. The surge experienced in the historical period is a result of factors such as the rise in vehicle ownership, shifting tastes and habits of consumers, adherence to regulatory standards, global economic indicators, and influence of climate and environmental situations.
The market size for flexible OLED displays is anticipated to witness extensive growth in the upcoming years, increasing to $43.96 billion by 2029 with a compound annual growth rate (CAGR) of 24.5%. Factors contributing to this future growth encompass escalating global vehicle counts, environmentally-friendly initiatives, sustainable practices, vehicle electrification, worldwide economic patterns, and geopolitical elements. The forecast period is also expected to be characterized by persistent technological innovation, the rise of e-commerce and digitization, technological progression, tire technology improvements, and effects of autonomous vehicles.
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How Are Emerging Segments Shaping the Flexible OLED Displays Market Landscape?
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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Which Growth Factors Are Influencing Flexible OLED Displays Market Expansion?
The anticipated rise in smartphone usage is set to boost the expansion of the flexible OLED displays market in the future. Smartphones are cellular devices that integrate traditional mobile phone functionalities with the powers of a compact computer. Flexible OLED displays feature in smartphones to encourage out-of-the-box designs, amendable shapes, and improved toughness, delivering a more adaptable and customer-friendly experience. For instance, data from Uswitch Limited, a financial authority situated in the UK, indicated that in 2022, the UK saw 71.8 million mobile subscriptions, an increase of 3.8% (approximately 2.6 million) from 2021. Additionally, by 2025, the UK's population is projected to reach 68.3 million. Out of these, 95% (nearly 65 million people) are expected to possess a smartphone. Consequently, this rising adoption of smartphones is fueling the growth of the flexible OLED display market.
Who Are the Dominant Players Across Different Flexible OLED Displays Market Segments?
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
What Are the Latest Developing Trends in the Flexible OLED Displays Market?
Top businesses in the flexible OLED display sector are concentrating on introducing innovative technological goods like flexible OLED display tablets to enhance their market profitability. These tablets employ flexible OLED (organic light-emitting diode) technology for their screens. To exemplify, Huawei Technologies Co. Ltd., a technology firm based in China, debuted MatePad Pro 13.2, a flexible OLED display tablet, in December 2023. It's multipurpose blueprint is suitable for a range of tasks, such as productivity endeavors, creative assignments, and multimedia utilization. It is perfect for diverse applications due to its robust performance, ample capacity, long-lasting battery, and high-resolution presentation.
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Which Geographic Regions Are Expected to Dominate the Flexible OLED Displays Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Flexible OLED Displays Market?
2. What is the CAGR expected in the Flexible OLED Displays Market?
3. What Are the Key Innovations Transforming the Flexible OLED Displays Industry?
4. Which Region Is Leading the Flexible OLED Displays Market?
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