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Flexible OLED Displays Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Flexible OLED Displays Market
How Large Will the Flexible OLED Displays Market Size By 2025?
There has been a notable expansion in the size of the flexible oled displays market in the past few years. The market, which is expected to increase from $14.37 billion in 2024 to $18.19 billion in 2025, will have a compound annual growth rate (CAGR) of 26.6%. Factors contributing to this growth during the historical period include rising vehicle ownership, evolving consumer tastes, regulatory adherence, global economic shifts, and climatic and environmental circumstances.
How Big Is the Flexible OLED Displays Market Size Expected to Grow by 2029?
Anticipated to experience exceptional growth in the forthcoming years, the market size of flexible oled displays is projected to reach $43.6 billion by 2029. This growth, expected at a compound annual growth rate (CAGR) of 24.4%, is influenced by several factors during the forecast period. These include the increasing global vehicle fleet, green initiatives and sustainability efforts, vehicle electrification, worldwide economic trends, and geopolitical factors. Further fuelling this growth in the forecast period are ongoing technological breakthroughs, the rise of e-commerce and digitization, progression in technology, improvements in tire technology, and the effect of autonomous vehicles.
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Which Key Market Drivers Powering Flexible OLED Displays Market Expansion and Growth?
The anticipated rise in smartphone usage is projected to fuel the expansion of the flexible OLED displays market. Smartphones, which merge the functionality of a conventional mobile phone with the computing power of a small computer, employ flexible OLED displays for inventive designs, adaptable shapes, increased robustness, thereby enhancing the user experience. For example, as per Uswitch Limited, a UK-based financial organization, from 2022 onwards, there was a recorded 3.8% (or an approximate 2.6 million) hike in mobile connections in the UK, reaching a total of 71.8 million in February 2023. Furthermore, the UK's population is forecast to hit 68.3 million by 2025, out of which 95% (roughly 65 million people) are predicted to possess a smartphone. As such, the rising acceptance of smartphones is steering the growth of the flexible OLED display market.
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Which Emerging Trends Are Transforming the Flexible OLED Displays Market in 2025?
In order to enhance their profitability in the flexible OLED display market, major firms are prioritizing the development of innovative technological products like flexible OLED display tablets. Tablets that utilize flexible OLED (organic light-emitting diode) technology for their displays are referred to as flexible OLED display tablets. For example, in December 2023, the China-based technology company Huawei Technologies Co. Ltd unveiled their MatePad Pro 13.2, which is classified as a flexible OLED display tablet. It's designed for a multitude of purposes, including productivity, creative endeavors, and multimedia consumption, thanks to its impressive performance, large storage, long battery life, and high-definition display.
What Are the Emerging 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 Global Leaders 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
Which are the Top Profitable Regional Markets for the Flexible OLED Displays Industry?
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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