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Emergence of IoT, Eco-friendly Technology Reinforces Demand for Flexible Displays, Aiding Growth
MarketResearchReports.biz has announced the addition of “Global Flexible Displays Market 2017-2021” report to its offering. The report discusses the key growth catalysts, challenges, trends, and opportunities in the market.
Flexible displays are electronic visual displays exhibiting high flexibility, as opposed to the conventional flat screen displays commonly used in electronic devices. Recently, the emergence of flexible display technology in smartphones, e-readers, tablets, and other smart devices has been garnering much attention.
As technology has been making swift strides, the increased preference for technologically advanced devices has been escalating to a great degree. As several companies are focusing on the creation of eco-friendly flexible displays, more consumers will be inclined to adopt devices that possess flexible displays. The stringent regulatory framework pertaining to the conservation of energy will play a crucial role in the development of the market.
With almost every sphere being affected by the advent of Internet of Things (IoT), flexible displays might be required across innumerable applications across the world. TV screens, mobile devices, and wearable technology devices are likely to feature flexible display technology over the forthcoming years, assisting the market’s growth. Moreover, rising applications in education, healthcare, paper, gaming, and automobile industries are also expected to aid the expansion of the global flexible displays market.
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The global market for flexible displays has been segmented into the Americas, Europe, the Middle East, and Africa (MEA), and Asia Pacific (APAC) by geography. Asia Pacific bears greater opportunities for growth as compared with other regions thanks to the presence of numerous manufacturers of consumer electronics in this region. The availability of low cost raw materials and cheap labor in countries such as India and China has encourages a number of end users to take up manufacturing activities, fuelling the market.
By technology, organic light emitting diode (OLED), liquid crystal display (LCD), and electronic paper display (EPD) are the major segments of the global market for flexible displays. Of these, the OLED segment held the largest portion of the global market. The growth of this segment can be attributed to the emphasis of several manufactures on the development of cost-efficient OLED displays.
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By application, the global flexible displays market has been segmented into wearables and smartphones. Presently, the smartphones segment dominates the global market. The rising demand for latest smartphone handsets, growing penetration of cellular networks, and favorable government initiatives have been responsible for the dominance of this segment. However, wearable technology might gain traction soon, thus replacing the smartphones segment in terms of revenue.
Some of the leading vendors operating in the global market for flexible displays are LG Display, EverDisplay Optronics (EDO), Samsung Display, AU Optronics, Visionox, E Ink Holdings, BOE Technology Group, Universal Display Corporation, and RiTdisplay.
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