Press Releases

The global flexible display market is projected to grow significantly with a CAGR of 32% during the forecast period 2023-2030 owing to the implementation of OLED technology in electronic devices like smartphones, smartwatches, wearables, TVs, digital signages, and electronic shelf labels, and are adopted in advertising campaigns and promotional activities. Furthermore, the flexible display market is growing due to the rising demand for display-based consumer electronics and consumer preference for energy-efficient, flexible gadgets. The flexible light display is being used in various applications owing to the advantages offered such as flexibility, lightweight structure, durability, and bendability to their devices.

The flexible display market refers to the industry segment that deals with the development, manufacturing, and deployment of flexible display technologies and products. Flexible displays are electronic display panels that are designed to be bendable, rollable, or foldable, offering enhanced flexibility and durability compared to traditional rigid displays.

The flexible display market has experienced significant growth in recent years due to several factors, including:

Increasing demand for smartphones and wearable devices: The demand for smartphones and wearable devices with larger, more immersive displays has driven the adoption of flexible display technology. Flexible displays allow for unique form factors, such as curved screens, edge-to-edge displays, and foldable designs, providing a more engaging user experience.

Advancements in display technology: Continuous advancements in display technologies, such as organic light-emitting diode (OLED) and active-matrix organic light-emitting diode (AMOLED), have enabled the development of flexible display panels. These technologies offer high contrast ratios, vibrant colors, and fast response times, making them well-suited for flexible display applications.

Lightweight and portable devices: Flexibility in display panels allows for lighter and more portable devices. This is particularly relevant in industries such as consumer electronics, where lightweight and portable devices are highly desirable. Flexible displays enable manufacturers to create thinner and more lightweight devices without compromising on screen size or functionality.

Innovative applications and form factors: Flexible displays have opened up new possibilities for innovative applications and form factors. For example, flexible displays are being used in foldable smartphones, rollable televisions, curved automotive displays, flexible e-paper displays, and smart clothing. These unique applications and form factors have contributed to the growth of the flexible display market.

Technological advancements in materials: The development of flexible and stretchable materials, such as flexible substrates, transparent conductive films, and flexible encapsulation materials, has facilitated the manufacturing of flexible display panels. These materials enable the bending and stretching of display panels without compromising their functionality or durability.

Sharp Imaging and Information Company of America (SIICA) has introduced a 4K Ultra-HD Sharp 4T-B80CT1U AQUOS BOARD® interactive display in November 2021, allowing for more collaborative and engaging classrooms and meeting rooms.

The COVID-19 outbreak has led to reduced export shipments and poor domestic semiconductor demand which has impacted the growth of the global flexible display market.

Browse 64 market data Tables and 40 Figures spread through 275 Pages and in-depth TOC on " Flexible Display Market by Material (Plastic, Glass, and Others), by Technology (Liquid Crystal Display (LCD), Organic Light-Emitting Diode (OLED), EPD, E-Paper, and Quantum Dots), by Application (Smartphones & Tablets, Smartcards, E-Reader, Electronic Shelf Labels (ESLS), Smartwatches & Wearables, TV & Digital Signage Systems, Vehicles & Public Transport, Laptops & PC Monitor, Smart Home Appliances, and Others), by End-User (Automotive, Aerospace, Consumer Electronics, Transportation, Government, Utilities, and Others), and Region - Global Forecast to 2030"

By application, vehicles & public transport is projected to witness fastest growth during the forecast period.

Based on application, the global flexible display market is divided into smartphones & tablets, smartcards, e-reader, electronic shelf labels (ESLS), smartwatches & wearables, TV & digital signage systems, vehicles & public transport, laptops & PC monitor, smart home appliances, and others. Vehicles & public Transport is anticipated to grow at a faster pace as displays ranging from small to medium and medium to large-sized display panels are used in cars in a form of dashboard displays, central control units, entertainment systems, navigation systems, security systems, and many other systems which aids drivers in displaying the information. Public transport vehicles lie trains, planes, and ships are using panels to display information for advertisement purposes and be large in size.

Global Flexible Display Market Segmentation Analysis

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“North America to hold the largest regional market share in 2022.”

North America dominates the flexible display market owing to the rising demand for energy-efficient devices and the significant demand for adaptable displays will bolster the growth of the flexible display market in the region.

Some of the major players in the global Flexible Display Market include BOE Technology Group Co., Ltd., SAMSUNG DISPLAY, LG DISPLAY CO., LTD., AU Optronics Corp., Innolux Optoelectronics Co., Ltd., Japan Display Inc., E Ink Holdings Inc., Corning Incorporated, SHARP CORPORATION, Visionox Company, and Royole Corporation.

Scope of the Report

Global Flexible Display Market Coverage

Material Insight and Forecast 2018-2030

• Plastic
• Glass
• Others

Technology Insight and Forecast 2018-2030

• Liquid Crystal Display (LCD)
• Organic Light-Emitting Diode (OLED)
• EPD
• E-Paper
• Quantum Dots

Application Insight and Forecast 2018-2030

• Smartphones & Tablets
• Smartcards
• E-Reader
• Electronic Shelf Labels (ESLS)
• Smartwatches & Wearables
• TV & Digital Signage Systems
• Vehicles & Public Transport
• Laptops & PC Monitor
• Smart Home Appliances
• Others

End-User Insight and Forecast 2018-2030

• Automotive
• Aerospace
• Consumer Electronics
• Transportation
• Government
• Utilities
• Others

Geographical Segmentation

Flexible Display Market by Region

North America

• By Material
• By Technology
• By Application
• By End-User
• By Country – U.S., Canada, and Mexico

Europe

• By Material
• By Technology
• By Application
• By End-User
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Material
• By Technology
• By Application
• By End-User
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Material
• By Technology
• By Application
• By End-User
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries