Flexible Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Flexible Display Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global flexible display market size reached US$ 17.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.7 Billion by 2028, exhibiting a growth rate (CAGR) of 28.3% during 2023-2028.

A flexible display is a visual output surface that folds, bends, and twists without breaking. It is a thin and light-weighted flexi-screen that takes minimal space and offers high durability as it is manufactured from plastic, which possesses better impact resistance than solid glass structures. It is widely used as clothing that changes color or pattern instantly in response to the environment. As a result, it finds extensive applications in smartphones, tablets, smart wearables, television (TV) sets, digital signage systems, personal computers (PCs), laptops, monitors, vehicles, and smart home appliances.

Flexible Display Market Trends:
At present, there is a rise in the utilization of display-based consumer electronic devices across the globe. This, along with the growing demand for connected and automated vehicles, represents one of the key factors driving the market. Moreover, there is an increase in the adoption of digital signage systems with the initiation of the smart city concept around the world. This, coupled with the escalating demand for compact and energy-efficient devices, is offering lucrative growth opportunities to end-users and investors. In addition, the increasing use of the organic light-emitting diode (OLED) due to its simplified design, limited flexibility, and better image quality as compared to conventional light-emitting diodes (LEDs) and liquid crystal displays (LCDs) is positively influencing the market. Besides this, the growing employment of electronic paper displays (EPDs) by e-readers worldwide is catalyzing the demand for flexible displays. Furthermore, key market players are extensively investing in research and development (R&D) activities to launch new product variants. These players are also focusing on product launches and expansions, which is projected to bolster their overall sales and profitability.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flexible display market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on display type, substrate material and application.

Breakup by Display Type:

OLED
LCD
Electronic Paper Display (EPD)
Others

Breakup by Substrate Material:

Glass
Plastic
Others

Breakup by Application:

Smartphones and Tablets
Smart Wearables
Televisions and Digital Signage Systems
Personal Computers and Laptops
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AU Optronics Corp., BOE Technology Group Co. Ltd., Corning Incorporated, DuPont de Nemours Inc., E Ink Holdings Inc., Innolux Corporation, Koninklijke Philips N.V., LG Electronics Inc., Plastic Logic (FlexEnable Limited), Royole Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Toshiba Corporation.

Key Questions Answered in This Report

1. What was the size of the global flexible display market in 2022?
2. What is the expected growth rate of the global flexible display market during 2023-2028?
3. What are the key factors driving the global flexible display market?
4. What has been the impact of COVID-19 on the global flexible display market?
5. What is the breakup of the global flexible display market based on the display type?
6. What is the breakup of the global flexible display market based on the substrate material?
7. What are the key regions in the global flexible display market?
8. Who are the key players/companies in the global flexible display market?