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Flexible Display: A Leading Driver Behind Oled Based Devices Fueling Growth In The Flexible Display Market Market Expansion in 2025
Flexible Display
What Will the Flexible Display Industry Market Size Be by 2025?
There has been an exponential increase in the size of the flexible display market in recent periods. It is projected to rise from a valuation of $25.97 billion in 2024 to around $34.57 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 33.1%. Factors contributing to growth during the historic phase include the uptake of consumer electronics, investment in R&D, expansion in the automotive sector, and the surge in the e-commerce industry.
What's the Long-Term Growth Forecast for the Flexible Display Market Size Through 2029?
In the upcoming years, the flexible display market is predicted to experience a significant increase in size. Predictions suggest it will expand to $101.02 billion in 2029, with a compound annual growth rate (CAGR) of 30.7%. Factors contributing to this projected growth during the forecast period include the integration of smart homes, expansion in the TH*Care sector, increasing smartphone usage, higher disposable income, and the growth of the gaming and entertainment industry. Key trends during this same period include the adoption of wearable technology, the use of holographic displays, the integration of the internet of things (IoT), adoption of eco-friendly and sustainable manufacturing methods, customization and personalization.
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What Are the Key Growth Drivers Fueling the Flexible Display Market Expansion?
The flexible display market is anticipated to expand due to the skyrocketing demand for OLED-based gadgets. An organic electroluminescent (organic EL) diode, also known as an OLED, is a light-emitting diode with an emissive electroluminescent layer, allowing for superior image quality. Because OLED displays deliver sharper picture quality when the screen bends or twists, most flexible displays utilize them. As an illustration, LG, a consumer electronics firm based in South Korea, revealed in its 2022 Annual Financial Report that it experienced a historic surge in annual revenue, hitting over $60 billion for the first time in 2022. This represented a 12.9% increase compared with 2021, which had revenues exceeding roughly $52.70 billion for the first time. LG's 2022 revenue was $22.5 billion, up 10.3% from the previous year. Consequently, the flexible display market is being driven by the increased utilization of OLED displays in devices like smartphones and televisions.
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What Are the Key Trends Driving Flexible Display Market Growth?
The rise in technological innovations is a principal trend gaining traction in the flexible display marketplace. Predominant businesses in this field are channeling their efforts towards technological upgrade to fortify their foothold in the industry. For example, Samsung Electronics, a South Korea-originated manufacturer of smartphones, laptops, and televisions, introduced new display technologies, specifically, MicroLed and Neo QLED, in their latest Lifestyle Television models in January 2022. The integration of the Neo Quantum Processor in the TV permits control over lighting and boosts the brightness and precision of all displayed shapes on the screen. These televisions incorporate cloud gaming, on-screen multitasking, and a variety of groundbreaking personalized features.
How Is the Flexible Display Market Segmented?
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 Companies Are Leading the Charge in Flexible Display Market Innovation?
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.
Which Regions Are Leading the Global Flexible Display Market in Revenue?
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.
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