Flexible Display Market - Forecasts from 2024 to 2029

Flexible Display Market - Forecasts from 2024 to 2029

The flexible display market is expected to grow at a CAGR of 17.32%, reaching a market size of US$61.534 billion in 2029 from US$27.686 billion in 2024

Flexible displays are gaining prominence in consumer electronics because of their benefits, such as strength, lightness, shatter resistance, mobility, and ability to last long. Some examples of such devices include smartphones, tablets, and laptops, which have adopted contemporary high-tech gadgets featuring flexible displays. The extensive polymer sector has made it easy for companies to locate unprocessed compounds. The growing polymer industry has led to the easy availability of raw materials. The flexible display is made up of glass, plastic, and metal. Smart wearables, televisions, personal computers, laptops, E-Readers, monitors, smartphones and tablets, electronic shelf labels, and vehicles all use flexible displays.

Further, the rising adoption of OLED-based devices, such as mobile phones, VR headsets, digital cameras, laptops, tablets, and televisions, is growing the market for flexible displays. The high adoption of entertainment and gaming will drive the flexible displays market in the forecast period.

Flexible Display Market Drivers:

High demand for OLED displays is anticipated to increase the market demand

The OLED display type has gained popularity recently because of its better image quality, simpler design, and limited flexibility. OLED screens can be thinned and molded into specific shapes without backlighting. Although OLED display types are expensive for large screens, like computer monitors and televisions, they still benefit from economies of scale in this market. The first demand for flexible OLED displays is expected to come from emerging economies in the consumer electronics segment of APAC, North America, and Europe. This adoption is, therefore, expected to drive the market for flexible OLED displays.

Flexible Display Market Geographical Outlook
Asia Pacific is witnessing exponential growth during the forecast period

Asia-Pacific is becoming recognized as a leader in developing flexible displays, especially in the consumer electronics sector. East Asian countries are experiencing consistent growth in this area, mostly in flexible displays. The Asia Pacific region is seeing a rise in demand for OLED displays as end users in various industry verticals stress the value of superior displays. New uses for flexible displays and electronics are being fueled by developments in material technologies. These products are anticipated to account for a sizeable portion of market demand and revenues during and after the forecast period. Numerous advanced display technologies also dominate the regional market as a result of market players consolidating. Furthermore, Asian nations are the foundation for foundries that manufacture displays, giving them a dominant market position.

Reasons for buying this report:-

Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub - segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Flexible Display market is segmented and analyzed as follows:

By Type

LCD
LED
TFT
E-paper

By Application

Smartphones
Wearables
Digital Signage
TV
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
Spain
United Kingdom
Italy
France
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Thailand
Taiwan
Others