Flexible Display Market
Flexible Display Market Size, Share & Trends Analysis Report By Display Type (OLED, LCD, Electronic Paper Display (EPD), And Other (LED)) By Application (Smartphone & Tablets, Smart Wearable, Digital Signage Systems, and Other (Automotive)) Forecast Period (2024-2031)
Flexible display market is anticipated to grow at a significant CAGR of 28.6% during the forecast period (2024-2031). The growing adoption of flexible displays in different applications such as consumer electronics, rising demand for compact and energy-efficient electronics, and growing technological advancements in display technologies are some of the key factors driving the global flexible display market.
Market Dynamics
Rising Demand for Flexible Wearable
The growing demand for flexible smart wearables is a key factor driving the global flexible display market. To meet this growing demand key players are investing in R&D for innovative product launches. For instance, in October 2023, Motorola unveiled a bendable smartphone concept whose display can change shape as per needs. Further, in July 2021, Xiaomi announced to launch of Mi Band X with a flexible display. The Mi Band X will be lighter and thinner with a curved 360-degree display, which wraps around the device’s band.
High Demand for Flexible display
Flexible displays are lightweight, bendable, ultra-thin, shatter-proof, unbreakable, portable, and have low energy consumption these features make them highly suitable to carry. Therefore, the benefits offered by flexible displays compared to conventional rigid displays are a key contributor to the market growth. The most significant advantage of flexible displays is their durability. Since this screen can be bent and manipulated, it tends to absorb fall and collision impact better than solid glass structures currently in application.
Market Segmentation
Our in-depth analysis of the global flexible display market includes the following segments-
- Based on the display type, the market is sub-segmented into OLED, LCD, Electronic Paper Display (EPD), and Other (LED).
- Based on application, the market is sub-segmented into smartphone & tablets, smart wearable, digital signage systems, and other (automotive).
OLED Display to Exhibit Highest GAGR
Based on the application, the global flexible display market is sub-segmented into The growing demand for flexible smartphones is a key contributor to the high growth of this market segment. Smartphone display is conventionally rigid due to the glass layer used over its display screen. The OLED technology has removed the need for a glass layer. The high flexibility of this display has increased its application in consumer electronics such as laptops, wearables, and TVs. Further, this technology offers elegant and energy-efficient displays and lighting panels. Several fitness brands have adopted PMOLED displays in their smart wearable devices.
Regional Outlook
The global flexible display market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
High Manufacturing Capability in Asia-Pacific
Asia-Pacific is anticipated to considerable share during the forecast period. The high manufacturing capability of regional players due to economic labor charges, and availability of raw material is a key contributor to the regional market growth. The high concentration of key players across the region is further aiding the regional market growth.
Global Flexible Display Market Growth by Region 2024-2031
North America Holds Major Market Share
Among all the regions, North America holds a significant share owing to the high demand for smart flexible wearables across the region. The high investment by key players in advanced technologies along with early mover advantage in advanced technologies is a key contributor to the regional market share. The high purchasing power of consumers across the region is a prominent contributor to the market growth.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global flexible display market include LG Display Co., Ltd., Samsung Electronics Co. Ltd., ROYOLE Corp., BOE Technology Group Co. Ltd., and Microtips Technology among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as increasing investment, collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in February 2022, FlexEnable developer of flexible organic electronics raised $11.0 million in Series B financing. Coretronic, a major Taiwanese LCD backlight module manufacturer, has made a strategic investment alongside significant European family offices. The initial $11.0 million investment includes options for a further $14.0 million and is expected to finance FlexEnable through to mass production ramp-up of flexible displays and liquid crystal optical modules at Asian display manufacturing partners. The funds will also be used to scale up the company's organic materials production capacity to meet the growing needs of display manufacturing partners entering volume production.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global flexible display market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BOE Technology Group Co. Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. LG Display Co., Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. ROYOLE Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Samsung Electronics Co. Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Flexible Display Market by Display Type
4.1.1. OLED
4.1.2. LCD
4.1.3. Electronic Paper Display (EPD)
4.1.4. Other (LED)
4.2. Global Flexible Display Market by Application
4.2.1. Smartphone & Tablets
4.2.2. Smart Wearable
4.2.3. Digital Signage Systems
4.2.4. Other (Automotive)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.4. Rest of Asia-Pacific
5.5. Rest of the World
6. Company Profiles
6.1. AU Optronics Corp.
6.2. Chunghwa Picture Tubes Ltd.
6.3. e-ink Holdings
6.4. FlexEnable Technology Ltd.
6.5. Fujikura, Ltd.
6.6. General Electric (GE) Group
6.7. Guangzhou Oed Technologies Co. Ltd.
6.8. Huawei Technologies Co. Ltd.
6.9. Innolux Corp.
6.10. ITN Energy Systems, Inc.
6.11. Japan Display, Inc.
6.12. LG Electronics
6.13. Microtips Technology
6.14. Nippon Mektron, Ltd.
6.15. Nitto Denko Corp.
6.16. NOK Corp.
6.17. PL Germany GmbH
6.18. Plastic Logic
6.19. PragmatIC
6.20. Sharp Corp.
6.21. SUMITOMO Electric Industries, Ltd.
6.22. TCL Electronics Holdings Ltd.
6.23. Thin Film Electronics ASA
1. GLOBAL FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2023-2031 ($ MILLION)
2. GLOBAL OLED FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL LCD FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL ELECTRONIC PAPER DISPLAY (EPD) FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL OTHER FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
7. GLOBAL FLEXIBLE DISPLAY IN SMARTPHONE & TABLETS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL FLEXIBLE DISPLAY IN SMART WEARABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL FLEXIBLE DISPLAY IN DIGITAL SIGNAGE SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL FLEXIBLE DISPLAY IN OTHER (AUTOMOTIVE) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. NORTH AMERICAN FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
13. NORTH AMERICAN FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2023-2031 ($ MILLION)
14. NORTH AMERICAN FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
15. EUROPEAN FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. EUROPEAN FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2023-2031 ($ MILLION)
17. EUROPEAN FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
18. ASIA-PACIFIC FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. ASIA-PACIFIC FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2023-2031 ($ MILLION)
20. ASIA-PACIFIC FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
21. REST OF THE WORLD FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
22. REST OF THE WORLD FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2023-2031 ($ MILLION)
23. REST OF THE WORLD FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY DISPLAY TYPE, 2023 VS 2031 (%)
2. GLOBAL OLED FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
3. GLOBAL LCD FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
4. GLOBAL ELECTRONIC PAPER DISPLAY (EPD) FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
5. GLOBAL OTHER FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
6. GLOBAL FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023 VS 2031 (%)
7. GLOBAL FLEXIBLE DISPLAY IN SMARTPHONE & TABLETS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
8. GLOBAL FLEXIBLE DISPLAY IN SMART WEARABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
9. GLOBAL FLEXIBLE DISPLAY IN DIGITAL SIGNAGE SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
10. GLOBAL FLEXIBLE DISPLAY IN OTHER (AUTOMOTIVE) MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
11. GLOBAL FLEXIBLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
12. US FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
13. CANADA FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
14. UK FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
15. FRANCE FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
16. GERMANY FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
17. ITALY FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
18. SPAIN FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
19. REST OF EUROPE FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
20. INDIA FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
21. CHINA FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
22. JAPAN FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
23. SOUTH KOREA FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
24. REST OF ASIA-PACIFIC FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
25. LATIN AMERICA FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
26. MIDDLE EAST AND AFRICA FLEXIBLE DISPLAY MARKET SIZE, 2023-2031 ($ MILLION)
