Flexible Display Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Flexible Display Market
The flexible display market size was valued at USD 37.89 billion in 2023, and the market is now projected to grow from USD 45.86 billion in 2024 to USD 252.07 billion by 2032, exhibiting a CAGR of 23.7% during the forecast period of 2024-2032.
A vast number of industries took a drastic forceful hit during the Covid period. But the graphene market certainly did not take any damage and proliferated with its sales soaring above the skies. Defense against COVID-19 has involved the development and application of electronics and semiconductors sector. These factors affceted the flexible display market growth.
The quick development of cutting-edge display technology is aumenting an exponential increase in the demand for flexible displays. The technological advancments of these displays offers more contrast, higher resolution, and less energy consumption as compared to previous CRT technology. The proloiferated level of the extremely fierce market competition has prompted the development and introduction of new items with high-end features and eye-catching designs. These particular growth driving factors have been recorded to attribute the flexible display market share.
The growing movement toward smarter buildings and homes, as well as the increased need for connectivity technologies, are two major drivers that contributed to the development of connected and creative display solutions in the consumer electronics industry. Because sophisticated sensors are now incorporated into electronic items, the replacement cycle of new consumer gadgets is happening faster.
Comprehensive Analysis of Flexible Display Market
The OLED, LCD, EPD (Electronic Paper Display), and other display types make up the different segments of the market. Market segments include up to 6"", above 50"", 20-50"", and 6-20"" based on panel size.
Asia Pacific is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period and also will continue to hold the largest market share. The factors helping this region in expanding the business is a reflection of the increasing demand for small and light electronic gadgets, the widespread use of mobile phones is anticipated to have a beneficial impact on the market expansion in the region.
Improved flexible screens are being offered by the major industry competitors to boost productivity when doing jobs. The increasing attention that these major firms are paying to broaden their reach by acquiring small and local enterprises. The market's leading companies are Samsung Electronics (South Korea), Royole Corporation (China), BOE Technology Group Co., Ltd. (China), LG Display Co., Ltd. (South Korea), and Microtips (U.S.).
In January 2024, It was during CES 2024 that Samsung unveiled a new line of foldable electronics. New OLEDs the size of monitors have also been unveiled; they may be slid or folded.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 23.7% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Display Type
OLED
LCD
EPD (Electronic Paper Display)
Others (LED)
By Panel Size
Upto 6""
Above 50""
20-50""
6-20""
By Application
Smartphones & Tablets
Television & Digital Signage
Automotive & Transportation
E-reader
Smartwatches & Wearables
Others (Electronic Shelf Labels and Smart Home)
By Region
North America (By Display Type, Panel Size, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
South America (By Display Type, Panel Size, Application, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Europe (By Display Type, Panel Size, Application, and Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Benelux (By Application)
- Nordics (By Application)
- Rest of Europe
Middle East & Africa (By Display Type, Panel Size, Application, and Country)
- Turkey (By Application)
- Israel (By Application)
- GCC (By Application)
- North Africa (By Application)
- South Africa (By Application)
- Rest of the Middle East & Africa
Asia Pacific (By Display Type, Panel Size, Application, and Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- South Korea (By Application)
- ASEAN (By Application)
- Oceania (By Application)
- Rest of Asia Pacific
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