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Global Flexible OLED Display Market Poised to Surge at an Outstanding CAGR of 35% during Forecast 2017 to 2026
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Geographical Expansion
OLED displays are widely desired over their LCD counterparts as they have lesser energy consumption as they operate without a backlight. The demand for flexible displays arises largely from the consumer electronics industry as flexible displays can be used to great effect in smartphones, televisions, wearables, and tablets. While analyzing the major regions where the market is functioning, such as Europe, Latin America, Asia-Pacific excluding Japan (APEJ), Japan, Middle East & Africa (MEA), and North America; analysts found that APEJ is the largest region in flexible OLED display market. This is because the proliferation of smartphones as a result of plunging prices is fueling adoption of these display. Looking to various facets of this rapidly growing market, research also estimated that the global flexible OLED market should witness an exponential CAGR of 35% from 2017 to 2026.
Key Findings
In addition to the provision of latest trends, curbing factors, and propelling factors affecting the market growth, an evaluation of crucial data regarding different market parameters has been rendered by the report. It has been analyzed that flexible OLED display has a wide range of applications, in which the lighting and smartphone segment holds the key to success in market and companies are advised to focus their attention on these two lucrative applications.
Moreover, the market has been segmented on the basis of the control scheme and flexibility type. Based on control scheme, the study covers PMOLED and AMOLED. On the basis of flexibility type, it includes curved display and foldable display. The AMOLED segment has a revenue shareholding 90% of the global flexible OLED display market in 2017 alone and is poised to gain substantial market share over the course of the study. Curved displays have proven extremely popular in flexible OLED display market until now but are poised to lose massive share going forward.
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The concluding section of the research report offers analysis on the competitive landscape of the global market for flexible OLED displays. The report also profiles the dominating companies functioning in the flexible OLED display market which are Universal Display, LG Display, RiTdisplay, AU Optronics, Samsung Display, CSOT, Japan Display, EverDisplay Optronics (EDO), Visionox, and BOE Technology.
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