Press release
Global Flexible Display Market: Technologically Superior Structure and Features of Flexible Displays Overthrow Traditional Technologies
TMR has envisaged the global flexible display market to earn a valuation of US$47.8 bn by the completion of 2025 at a CAGR of 33.5% during the forecast tenure 2017-2025. In 2016, the market had been worth a US$4.5 bn only. As per a classification by form factor, the market could testify the dominance of the curved display segment expected to account for a colossal share in the coming years. With regard to regional segmentation, North America could take the driver’s seat in the market while attaining a valuation of US$18.2 bn for its market by 2025.
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Increasing Sales of Consumer Electronics Improve Demand
The world flexible display market has been introducing technologically attractive and cutting-edge products expected to draw an enormous customer base in the foreseeable future. This could be a result of persistent research and development activities performed in the industry. Flexible displays could steal a march on rigid and heavy conventional displays because of their technologically superior attributes. The surging sales of computer and television peripherals, smartphones, wearable devices, and other consumer electronics could significantly augment the demand for flexible display.
Owing to their bendable nature and durability, flexible displays have found several applications in the field of portable electronics. Flexible displays possess improved image quality and consume less power because of their sophisticated light emitting diode (LED) drivers and portable nature.
High Cost and Complex Process of Manufacturing Threaten Growth
Steep manufacturing costs and complex manufacturing processes could pose a threat to the growth of the international flexible display market. Nevertheless, a turbo-charged growth has been projected to be fueled in the market due to the advent of curved display televisions and smartphones with enhanced features. Top companies such as Samsung and LG have been introducing various products in the market that could considerably proliferate the prominence of flexible display.
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Curved displays have been studied to be a great fit to the viewing habit of the human eye, thus providing a wider viewing angle and an immersive viewing experience. The adoption of optimal visual design by the concave screen of flexible display allows vivid and undistorted images to come through the free viewing angle.
The utilization of flexible display in military operations could provide a strong impetus to the international market. Arizona State University’s (ASU) Army’s Flexible Display Centre (FDC) has been developing flexible display technologies to assist in the improvement of operational field capabilities of soldiers with the use of more rugged systems and large lightweight displays for vehicle and portable applications.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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