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Navigating the Future: Flexible OLED Displays Market Trends and Forecast Insights, 2025 Edition
Flexible OLED Displays Market Size
Flexible OLED Displays Market Size Growth Forecast: What to Expect by 2025?
The market size of flexible OLED displays has witnessed a rapid increase in the past few years. The market, which was valued at $14.37 billion in 2024, is anticipated to rise to $18.32 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 27.5%. The historical market growth has been influenced by factors such as rising vehicle ownership, shifts in consumer behaviour, legal regulations, global economic fluctuations, and climate and environmental circumstances.
How Will the Flexible OLED Displays Market Size Evolve and Grow by 2029?
The market size for flexible OLED displays is forecasted to witness a significant upsurge in the upcoming years, escalating to a value of $43.96 billion by 2029 with a compound annual growth rate (CAGR) of 24.5%. The anticipated growth during the forecast period can be traced back to an increase in the global vehicle fleet, environmentally-friendly initiatives and sustainability efforts, vehicle electrification, global economic factors, and geopolitical elements. The forecast period is also expected to showcase trends such as ongoing technological innovation, growth in e-commerce and digitalization, technological advancements, progress in tire technology, and the influence of autonomous vehicles.
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What Drivers Are Propelling the Growth of Flexible OLED Displays Market Forward?
The flexible OLED displays market is projected to grow, largely fuelled by a rise in smartphone adoption globally. A smartphone is a multipurpose mobile device, fusing elements of a conventional mobile phone with the functionalities of a compact computer. Flexible OLED displays, with their potential for innovative design, bendable structures, and superior durability, are implemented in smartphones, making them more adaptive and user-friendly. For instance, Uswitch Limited, a financial conduct authority located in the UK, reported in February 2023 that starting from 2022, mobile connections in the UK had risen by 3.8% (approximately 2.6 million), reaching a total of 71.8 million. Additionally, it's anticipated that the UK's population will increase to 68.3 million by 2025, with about 95% (or approximately 65 million people) projected to possess a smartphone. Consequently, the upswing in smartphone ownership is supporting expansion in the flexible OLED displays market.
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Which Emerging Trends Are Transforming the Flexible OLED Displays Market in 2025?
Key players in the flexible OLED display market are concentrating on developing innovative technological products, like flexible OLED display tablets, to boost their market profitability. Flexible OLED display tablets are tablets incorporating flexible OLED (organic light-emitting diode) technology into their screens. For example, Huawei Technologies Co. Ltd., a technologically-driven company from China, unveiled its MatePad Pro 13.2, a flexible OLED display tablet, in December 2023. This versatile designed product is perfect for handling diverse tasks, including productivity initiatives, creative endeavors, and multimedia usage. It suits a variety of applications due to its robust performance, ample storage, long-lasting battery life, and high-definition display.
What Are the Key Segments in the Flexible OLED Displays Market?
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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Who Are the Key Players Shaping the Flexible OLED Displays Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Flexible OLED Displays Market?
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.
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