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Foldable Display Market

Global Foldable Display Market Size, Share & Trends Analysis Report, By Technology (LED, OLED, and AMOLED), By Application (Smartphone & Tablets, Laptops, and Others) and Forecast 2019-2025
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2020022 | Category : Electronic Devices | Delivery Format: /

The global foldable display market is projected to grow at a significant CAGR of more than 45% during the forecast period. The market growth is mainly driven by technological development in display technology such as the introduction of OLED. The OLED display is an emerging technology that offers efficient and attractive displays and lighting panels. Foldable OLED display can be referred to as the next-generation of these panels that can be bendable and flexible. 

A foldable OLED relies on a flexible substrate, either metal, plastic or flexible glass. In addition, various smartphone manufacturers such as Samsung Electronics Co., Ltd., Xiaomi Corp., and others have been reported to perform constant experiments with foldable display technology. For instance, Samsung developed a foldable display smartphone named Galaxy Fold that was released in September 2019. In addition, Huawei is about to launch its Huawei Mate X soon in the market, which tends to create an opportunity for the growth of the foldable display market in the near future.

 Segmental Outlook  

The global foldable display market is segmented on the basis of technology and application. Based on technology, the market is classified into LED, OLED, and AMOLED. The OLED foldable display segment is projected to have significant growth in the market. Major manufacturers such as LG Electronics and Samsung Electronics Co., Ltd. are focusing on flexible OLEDs for various applications. Moreover, lightweight and low cost of OLEDs have led to increasing use of these displays in smartphones, tablets, and televisions. Further, on the basis of application, the market is segregated into smartphones & tablets, laptops, and others such as TV.

Global Foldable Display Market Share by Application, 2018 (%)

Global Foldable Display Market Share by Application
 
Global Foldable Display Market to be Driven by the Smartphone & Tablets Segment

The smartphone & tablets application segment is projected to contribute the largest share in the market due to the increasing trend for foldable display technology in smartphones and tablets. Currently, smartphones mainly use small-and-medium-sized TFT-LCD (Thin Film Transistor Liquid Crystal Display) displays, although AMOLED is emerging as a more advanced possible future replacement. Samsung is the largest producer of advanced display for a smartphone and produces 97% of AMOLED displays. The AMOLED display itself bends and is described as virtually unbreakable even when dropped according to Samsung Company. 

Moreover, increasing penetration of advanced display technology-based smartphones further provides an ample opportunity to the segmental growth. Smartphone manufacturers such as Samsung, Apple, Xiaomi, Oppo, and Huawei, are working to integrate foldable display technology into their new phones, which is expected to drive the market growth in the near future. Samsung has already launched its Galaxy Fold in September 2019. Additionally, Motorola Razr, LG folding smartphone, Apple foldable iPhone, and Huawei folding phone are expected to be released commercially in the market soon.

Regional Outlook 

Geographically, the global foldable display market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. North America is estimated to have a considerable share in the global market during the forecast period. The foldable display in the North America region is primarily driven by the high adoption of advanced technology displays in consumer electronics and high disposable income in the region.  

Asia-Pacific Has a Significant Growth in the Global Foldable Display Market

Asia-Pacific is projected to have significant growth in the global market during the forecast period. Rapid investment in the development of novel electronic products along with the availability of major market players such as Samsung Electronics Co. Ltd. is one of the major factors driving the regional growth of the foldable display market. According to the Federation of Hong Kong Industries, China has the largest consumer electronics manufacturing bases across the globe. Moreover, the country is continuously investing in the manufacturing sector of the electronics industry, in order to position itself as a production location for entire consumer electronics.

Market Players Outlook

The key players in the foldable display market contributing significantly by providing advanced technology-based products and increasing their geographical presence across the globe. The global foldable display market includes various several material suppliers, product developers, and end-users. The key material suppliers in the market include 3M Co., Applied Materials, Inc., C3Nano Inc., Kaneka Corp., Kateeva, Inc., and Sumitomo Chemical Co., Ltd. The key manufacturer of foldable displays includes BOE Technology Group Co., Ltd., LG Electronics Inc., Samsung Electronics Co., Ltd., and Tianma Microelectronics Co., Ltd. Further, the key end-user in the market include Apple Inc., Huawei Device Co., Ltd., Microsoft Corp., Sony Corp., Lenovo Group Ltd., and Xiaomi Corp. 

These market players adopt various strategies under which they are primarily focusing on investing highly in R&D for the launch of new product. Further, the players follow organic and inorganic strategies such as agreement, partnership and collaborations, expansion, and others in order to enhance their geographical presence in the market. 

Recent Developments 

  • In September 2019, Samsung Electronics Co., Ltd., announced the starting of the sale of its foldable smartphone Galaxy Fold, in the US market. 
  • In May 2019, Lenovo Group Ltd. announced the preview of the Foldable PC with a foldable screen in ThinkPad X1 Family 
The Report Covers

  • Market value data analysis of 2018 and forecast to 2025.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global foldable display market. Based on the availability of data, information related to products, pipeline products, 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

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

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

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Company Share Analysis

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Samsung Electronics Co., Ltd.

3.3.1.1. Overview 

3.3.1.2. Financial Analysis 

3.3.1.3. SWOT Analysis

3.3.1.4. Recent Developments

3.3.2. Royole Corp. 

3.3.2.1. Overview 

3.3.2.2. Financial Analysis 

3.3.2.3. SWOT Analysis

3.3.2.4. Recent Developments

3.3.3. BOE Technology Group Co., Ltd.

3.3.3.1. Overview 

3.3.3.2. Financial Analysis 

3.3.3.3. SWOT Analysis

3.3.3.4. Recent Developments

3.3.4. LG Electronics Inc. 

3.3.4.1. Overview 

3.3.4.2. Financial Analysis 

3.3.4.3. SWOT Analysis

3.3.4.4. Recent Developments

3.3.5. Tianma Microelectronics Co., Ltd. 

3.3.5.1. Overview 

3.3.5.2. Financial Analysis 

3.3.5.3. SWOT Analysis

3.3.5.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Foldable Display Market by Technology

5.1.1. LED

5.1.2. OLED

5.1.3. AMOLED 

5.2. Global Foldable Display Market by Application

5.2.1. Smartphone and Tablets

5.2.2. Laptops 

5.2.3. Others (TV)

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe 

6.3. Asia-Pacific

6.3.1. China

6.3.2. India

6.3.3. Japan

6.3.4. Rest of Asia-Pacific 

6.4. Rest of the World

7. Company Profiles

7.1. Material Suppliers 

7.1.1. 3M Co.

7.1.2. Applied Materials, Inc.

7.1.3. Ares Materials Inc.

7.1.4. C3Nano Inc.

7.1.5. DuPont de Nemours, Inc.

7.1.6. Kaneka Corp.

7.1.7. Kateeva, Inc.

7.1.8. Sumitomo Chemical Co., Ltd.

7.2. Manufacturers 

7.2.1. BOE Technology Group Co., Ltd.

7.2.2. LG Electronics Inc.

7.2.3. Royole Corp. 

7.2.4. Samsung Electronics Co., Ltd.

7.2.5. Semiconductor Energy Laboratory Co., Ltd.

7.2.6. Tianma Microelectronics Co., Ltd.

7.3. End-Users 

7.3.1. Apple Inc.

7.3.2. Guangdong OPPO Mobile Telecommunications Corp., Ltd. 

7.3.3. Huawei Device Co., Ltd. 

7.3.4. Lenovo Group Ltd.

7.3.5. Microsoft Corp.

7.3.6. Sony Corp.

7.3.7. TTE Technology, Inc.

1. GLOBAL FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

2. GLOBAL LED FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL OLED FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL AMOLED FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

5. GLOBAL FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

6. GLOBAL FOLDABLE DISPLAY IN SMARTPHONE AND TABLETS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

7. GLOBAL FOLDABLE DISPLAY IN LAPTOPS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

8. GLOBAL FOLDABLE DISPLAY IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

9. GLOBAL FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

10. NORTH AMERICAN FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

11. NORTH AMERICAN FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

12. NORTH AMERICAN FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

13. EUROPEAN FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

14. EUROPEAN FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

15. EUROPEAN FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

16. ASIA-PACIFIC FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

17. ASIA-PACIFIC FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

18. ASIA-PACIFIC FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

19. REST OF THE WORLD FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)

20. REST OF THE WORLD FOLDABLE DISPLAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

1. GLOBAL FOLDABLE DISPLAY MARKET SHARE BY TECHNOLOGY, 2018 VS 2025 (%)

2. GLOBAL FOLDABLE DISPLAY MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)

3. GLOBAL FOLDABLE DISPLAY MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

4. US FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

5. CANADA FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

6. UK FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

7. FRANCE FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

8. GERMANY FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

9. ITALY FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

10. SPAIN FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

11. ROE FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

12. INDIA FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

13. CHINA FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

14. JAPAN FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF ASIA-PACIFIC FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

16. REST OF THE WORLD FOLDABLE DISPLAY MARKET SIZE, 2018-2025 ($ MILLION)

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