New York, United States, July 19, 2022 (GLOBE NEWSWIRE) -- The global flexible display market had a market share of USD 13.34 billion in 2019, according to the new report of Straits Research. It is predicted to grow at a CAGR of 34.83% from 2022 to 2030. The global flexible display market is expected to grow owing to the rising innovations in consumer electronics and increased demand for a high-quality picture. Integrating smart sensors into residential devices has lengthened the replacement cycle for new consumer electronics. Displays are increasingly being used to control and communicate with devices.
Aside from that, home appliances such as televisions are undergoing radical transformations. For example, the global demand for new TVs is expected to be solely for smart TVs; as more people access high-speed internet, demand for smart TVs with better picture quality rises.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/flexible-display-market/request-sample
Key Highlight:
- The global flexible display is predicted to grow at a CAGR of 34.83% generating a revenue of USD 220.75 Billion by 2030.
- Based on display type, OLED accounted for the largest market share of 73.65% in 2020. The OLED segment is predicted to grow at a CAGR of 35.87%, generating revenue of USD 175.95 billion by 2030.
- Based of application, the smartphone and tablets segment accounted for the largest market share of 70.34% in 2020.
- Based on geography, Asia-Pacific holds the largest share of 43.78% in 2021. The Asia-Pacific region is expected to grow at a CAGR of 36.01%, generating a revenue of USD 100.82 billion by 2030.
Innovation in Consumer Electronic and Growing Demand for Greater Picture Quality
The growing trend of smart homes and buildings and the increasing demand for connected technologies are some of the major factors driving the adoption of connected and innovative solutions across the consumer electronics sector. Effective data storage is becoming critical, with so many viewers consuming media from OTT platforms such as Netflix, Amazon, and others. Thus, the demand for TVs is expected to boost the flexible displays market.
Further, the growing demand for greater picture quality bolsters the demand for flexible displays. The number of 4K televisions sold has increased exponentially in recent years. According to JEITA, the number of 4K TVs shipped in Japan in 2020 will be 3.05 million, up from 2.58 million the previous year. The increase in demand is expected to be driven by the change in resolution and quality of the contents.
Lastly, more exciting and demanding technology, such as virtual reality and 4K displays, is now available. As a result, PC gamers are expected to upgrade their equipment, which is one of the factors driving sales of gaming-specific PCs and their accessories, such as gaming screens. As a result, increased need for picture quality has increased the demand for flexible displays.
| Report Metric | Details |
| Market Size | USD 220.75 Billion by 2030 |
| CAGR | 34.83% (2021-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2021-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Display Type, By Substrate Material, By Application, By Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | LG Display Co. Ltd | Samsung Electronics Co. Ltd | Royole Corporation | e-ink Holdings | BOE Technology Group Co. Ltd | Guangzhou Oed Technologies Co. ltd | Flexenable | Chunghwa Picture Tubes Ltd | |
| Key Market Opportunities | Evolution of Electronics Industry to Create Lucrative Opportunities |
| Key Market Drivers | Innovation in Consumer Electronics |
Buy Now Full Report @ https://straitsresearch.com/buy-now/flexible-display-market
Impact of COVID-19
Due to the global shutdown, production of flexible displays fell precipitously in 2020 due to the global supply chain disruption. COVID-19 had an impact on the operations of not only flexible display manufacturers but also their suppliers and distributors.
In the short term, the failure of export shipments and poor domestic semiconductor demand compared to pre-COVID-19 levels are expected to impact negatively and slightly stagnant demand for semiconductor devices, affecting the flexible display market.
As a result of the ongoing COVID-19 outbreak, several major economies have been placed on lockdown. Sales of electronic products have been hampered, and supply networks have been disrupted. Furthermore, many economies are losing a significant amount of revenue due to manufacturing plant closures. As a result, the general scenario has hampered the demand for flexible displays in 2020.
List of Key Players
- LG Display Co. ltd
- Samsung Electronics Co. ltd
- Royole Corporation
- E-ink Holdings,
- BOE Technology Group Co. ltd
- Guangzhou OED Technologies Co. ltd
- Flexenable, Chunghwa Picture Tubes ltd,
- Huawei Technologies Co. ltd,
- Sharp Corporation
- Plastic Logic
- Innolux Corporation
- AU Optronics Corp
- TCL Electronics Holdings Limited
- Microtips Technology
Global Flexible Display Market: Segmentation
By Display Type
- OLED
- LCD
- EDP (Electronic Paper Display)
By Substrate Material
- Glass
- Plastic
- Other Substrate Material
By Application
- Smart Phones and Tablets
- Smart Wearables
- Televisions
- Digital Signage System
By Region
- North America
- Europe
- Latin America
- Asia-Pacific
- The Middle East and Africa
Get Free Sample Copy of this report: https://straitsresearch.com/report/flexible-display-market/request-sample
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Executive Summary
4 Market Overview
4.1 Report Segmentation & Scope
4.2 Value Chain Analysis: Flexible Display Market
4.2.1 Vendor Matrix
4.3 Key Market Trends
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Environment & Regulatory Landscape
4.6 Forecast Factors & Relevance of Impact
4.7 Macro-Economic & Geopolitical Scenario
4.8 Parent Market Overview
4.9 Technology Landscape
4.10 Market Share Analysis
4.11 Potential Venture Analysis
4.12 Regional Price Trends
4.13 Raw Material Trends
4.14 Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
4.15 Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1 North America
4.15.4.2 Europe
4.15.4.3 Asia-Pacific
4.15.4.4 Central and South America and the Caribbean
4.15.4.5 The Middle East and Africa
5 Display Type Overview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 OLED
5.2.1 Market Size & Forecast (Value & Volume)
5.3 LCD
5.3.1 Market Size & Forecast (Value & Volume)
5.4 EDP (Electronic Paper Display)
5.4.1 Market Size & Forecast (Value & Volume)
6 Substrate Material Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 Glass
6.2.1 Market Size & Forecast (Value & Volume)
6.3 Plastic
6.3.1 Market Size & Forecast (Value & Volume)
6.4 Other Substrate Material
6.4.1 Market Size & Forecast (Value & Volume)
7 Applications Overview
7.1 Introduction
7.1.1 Market Size & Forecast (Value & Volume)
7.2 Smart Phones and Tablets
7.2.1 Market Size & Forecast (Value & Volume)
7.3 Smart Wearables
7.3.1 Market Size & Forecast (Value & Volume)
7.4 Televisions
7.4.1 Market Size & Forecast (Value & Volume)
7.5 Digital Signage System
7.5.1 Market Size & Forecast (Value & Volume)
8 Regional Overview
8.1 Introduction
8.1.1 Market Size & Forecast (Value & Volume)
8.2 North America
8.2.1 Economic Overview
8.2.2 Market Scenario
8.2.3 U.S.
8.2.4 Canada
8.2.5 Mexico
8.3 Central and South America and the Caribbean
8.3.1 Economic Overview
8.3.2 Market Scenario
8.3.3 Brazil
8.3.4 Argentina
8.3.5 Colombia
8.3.6 Rest of Central and South America and the Caribbean
8.4 Europe
8.4.1 Economic Overview
8.4.2 Market Scenario
8.4.3 Germany
8.4.4 France
8.4.5 The U.K.
8.4.6 Italy
8.4.7 The Rest Of Europe
8.5 Asia-Pacific (APAC)
8.5.1 Economic Overview
8.5.2 Market Scenario
8.5.3 China
8.5.4 Japan
8.5.5 India
8.5.6 Australia
8.5.7 South Korea
8.5.8 Rest Of APAC
8.6 Middle East
8.6.1 Economic Overview
8.6.2 Market Scenario
8.6.3 South Arabia
8.6.4 The UAE
8.6.5 Qatar
8.6.6 Oman
8.6.7 Turkey
8.6.8 The Rest Of Middle East
8.7 Africa
8.7.1 Economic Overview
8.7.2 Market Scenario
8.7.3 Nigeria
8.7.4 South Africa
8.7.5 The Rest Of Africa
9 Competitive Landscape — Manufacturers & Suppliers
9.1 Competition Dashboard
9.2 Industry Structure
9.3 LG Display Co. Ltd
9.3.1 Business Overview
9.3.2 Financial Performance
9.3.3 Recent Developments
9.3.4 Portfolio
9.4 Samsung Electronics Co. Ltd
9.5 Royole Corporation
9.6 e-ink Holdings
9.7 BOE Technology Group Co. Ltd
9.8 Guangzhou Oed Technologies Co. ltd
9.9 Flexenable
9.10 Chunghwa Picture Tubes Ltd
9.11 Huawei Technologies Co. Ltd
9.12 Sharp Corporation
9.13 Plastic Logic
9.14 Innolux Corporation
9.15 AU Optronics Corp
9.16 TCL Electronics Holdings Limited
9.17 Microtips Technology
10 Conclusion & Recommendation
11 Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/flexible-display-market/toc
Market News
- December 29th, 2021, LG Display, launched its newest OLED TV technology ‘OLED EX’. This next generation OLED EX display implements LG Display’s deuterium and personalized algorithm-based ‘EX-Technology’.
- April 19th, 2022, Samsung launched its stunning Neo QLED 8K and Neo QLED TV range, offering the most pristine picture quality and immersive soundscapes to transform living space.
- June 21st, 2021, Royole Corporation launched RoKit, the world’s first open platform flexible electronics development kit.
- November 7th 2019, Flexenable, acquired Merck’s Organic Thin-Film Transistor (OTFT) materials portfolio for flexible displays.
- May 19th 2021, Huawei launched new patent for flexible screens for more smooth gaming experience.
- December 3rd, 2020, Plastic Logic partnered with e-ink to provide the world’s first flexible Advanced Color ePaper (ACeP) based display.
News Media:
Did you know What is Extended Reality Technology (XR)?
Everything You Need to Know about the Video on Demand (VoD) Industry
Virtual Reality to Reach USD 30 Billion by 2026?
Top 7 Sensor Technology Companies In The Global Market
How Wearable Devices are Changing Healthcare, 21% of People in the US Regularly Wear a smartwatch
Have a Look at the Related Research Report:
Ultrasound Devices Market: Information by Product Type (Diagnostic), Device Display (Color, Black), Device Portability (Trolley/Cart-Based), and Region — Forecast till 2030
Picture Frame Market: Information by Type (Hanging Frames, Tabletop Frames), Application (Personal Photos, Art Pictures, Others), and Region — Forecast till 2029
Automotive Head-Up Display Market: Information by Type (Windshield, Augmented Reality HUD), Vehicle Type (Passenger Vehicles, Commercial Vehicles), End-User, and Region — Forecast Till 2029
Virtual Reality Market: Information by Device Type (Head-Mounted Display), Application (Consumer), Technology (Non-Immersive, Semi and Fully Immersive) and Region — Forecast till 2029
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter
