According to a new report Global Flexible Displays Market, published by KBV Research, The Global Flexible Displays Market size is expected to reach $31.5 billion by 2025, rising at a market growth of 25.9% CAGR during the forecast period. The major factor driving growth is the increasing proliferation of portable electronic devices. Flexible displays are lightweight, energy-efficient, and shatter-proof, which in turn drives their use for the development of smartphones. Growing consumer electronics sales, such as wearable devices, bendable TVs and foldable laptops, are projected to increase demand for flexible displays over the forecast period.
Due to the increasing demand for hand-held devices around the world, the market for smartphones and tablets is growing significantly. It is predicted that this trend will continue over the forecast period. The Smart Wearbles market is anticipated to witness a CAGR of 28.2% during (2019-2025). Additionally, The TV market would witness CAGR of 25.2% during (2019-2025).
The plastics segment recorded the largest market share in 2018 and over the forecast period it is estimated to expand at the prominent growth rate. The Glass market is poised to witness a CAGR of 26.6% during (2019-2025). Additionally, The Others market is expected to witness CAGR of 26.9% during (2019-2025).
Asia Pacific accounts for major market value share and is projected to grow in the forecast period at the highest CAGR. Regional development is accredited to the increasing demand for electronic compact and lightweight devices. North America accounted for a significant market share in 2018. Due to rising demand for energy-efficient products, the regional market is experiencing healthy growth. Due to the significant demand for flexible displays from the automotive industry, Europe is expected to see substantial growth in the coming years and grows with a CAGR of 25.1% during the forecast period.
Structural Insights: https://www.kbvresearch.com/flexible-displays-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of LG Display Co., Ltd. (LG Corporation), Samsung Electronics Co., Ltd. (Samsung Group), AU Optronics Corporation, Corning, Inc., Sharp Corporation, Kateeva, Inc., BOE Technology Group Co., Ltd., Royole Corporation, E Ink Holdings, Inc. and Visionox Technology, Inc.
Recent Strategies Deployed in Flexible Displays Market
» Partnerships, Collaborations and Agreements:
Nov-2019: Sharp introduced a 30-inch 4K flexible organic LED (OLED) display in cooperation with Japan Broadcasting Corporation (NHK). This display has world’s largest color-filter-less (RGB light emission method), high-definition 4K flexible OLED display, and flexibility of film substrate that allows the display to be stored as a compact roll.
Oct-2019: Visionox Technology announced that it has collaborated with Peratech. In this, both the companies have started working on different integrations of Visionox’s AMOLED displays and Visionox’s AMOLED displays for fulfilling the needs of users for display-based interactive interfaces.
Aug-2019: Samsung Italy, a Samsung Company came into partnership with K-array. Through this partnership, they will develop luxury LEDs for Home Project. These LEDs focus on delivering unique entertainment experience to the consumers.
Aug-2019: E Ink partnered with AU Optronics for developing thin, impact-resistant, and feather-light e-paper solutions. These solutions support OTFT backplane (Organic Thin Film Transistor) as the display driver. The OTFT backplane technology is suitable for the development and introduction of soft display products including smart clothing and wearable devices.
May-2019: BOE Technology announced its collaboration with Himax Technologies in which Himax launched flexible OLED automotive display driver and timing controller for BOE Technology Group. This technology of Himax has been adopted by BOE in its 12.3-inch three-unit curved flexible OLED automotive displays for cockpit areas with only 0.99 mm bezels.
Dec-2018: Royole partnered with Airbus in order to develop aircraft-cabin applications. In this partnership, both the companies will investigate the commercial opportunities and use of sensors and flexible displays on passenger aircraft.
Dec-2018: Visionox Technology and IDEX Biometrics collaborated on exploring the development of next-generation IDEX’s unique off-chip biometric sensors for smart cards that uses Visionox’s flexible LTPS TFT backplane technology. The collaboration is focused towards the development of feature-rich and cost-effective smart card systems supporting both biometric and display technologies.
Oct-2018: Visionox Technology teamed up with Hefei municipal government for constructing the factory that can produce 30,000 substrates per month. These substrates will be used in sixth-generation active matrix organic light emitting diode displays. Both are thinking of establishing a Joint Venture for building and operating the plant.
» Acquisition and Mergers:
Apr-2019: LG Display acquired DuPont's OLED business as well as its R&D and production facilities. The OLED technology uses an inkjet printing method for adding a soluble material to a panel, thus producing the high-performing displays in an economical manner and reducing the material waste.
» Product Launches and Product Expansions:
Nov-2019: Visionox Technology announced the launch of a foldable clamshell smartphone and a rollable OLED panel hinting, two foldable clamshell prototype. The 6.47" big AMOLED display has been used for this prototype with on-cell technology.
Aug-2019: AU Optronics introduced most advanced 8K Ultra-HD display, which delivers full-area local dimming (FALD) backlighting solution and peak brightness.
May-2019: Corning announced the launch of Corning® Astra(TM) Glass, a new glass substrate optimized for mid-to-large size; immersive displays in notebooks, high-performance tablets, and 8K TVs. This glass has been engineered to enable the higher-pixel density of high-performance displays, which are required by panel makers in order to meet the customer demand for faster, brighter, and more lifelike images.
Apr-2019: Sharp unveiled organic light-emitting diode panels for foldable smartphones. This display has foldable 6.18-inch OLED screen, which can be folded 3, 00,000 times without any damage. The new OLED panels will be produced at Company's display factory in Sakai.
Mar-2019: Samsung launched QLED 8K, an extension in its Q900 QLED 8K television range. This TV will be offered in 75-inch, 82-inch, and 65-inch screen sizes, and provides most advanced picture quality in its portfolio.
Feb-2019: Sharp introduced four new models of its 4K Ultra-HD resolution commercial LCD display line. These displays will be ideal for business, retail, and hospitality sectors. This helps the customers to see subtler textures and finer details in photos and videos.
Jan-2019: Samsung Display introduced its first 15.6-inch OLED panel for the notebook market. This panel delivers brighter colors and deeper blacks over 4K LCD-based screens.
Oct-2018: Royole introduced the Royole FlexPai, a commercial foldable smartphone, a combination of tablet and mobile phone with flexible screen. This smartphone is based upon Royole's Flexible+ platform; this can be easily combined into a number of products and applications across different industries.
Aug-2018: Samsung extended its curved display line-up with the launch of new CJ79 (Model name: C34J791) monitor. This monitor has the feature of Intel’s Thunderbolt™ 3 connectivity and is designed for business and creative audiences that are seeking efficient and comfortable work experience through powerful connectivity.
» Geographical Expansions:
Aug-2019: LG Display expanded its reach to China by developing a new production line. This factory is established in Guangzhou for producing 60,000 OLED sheets in 55 inches and above and focuses on the transformation of TV landscape.
Sep-2018: Sharp expanded its reach to Asia Pacific region by launching 70X500E, its 8K professional display panel in India. This panel was incorporated with Sharp's wealth of Ultra-High-Resolution Monitor technologies for high brightness and wide color gamut.
Global Flexible Displays Market Segmentation
Automotive & Transportation
By Material Type
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
LG Display Co., Ltd. (LG Corporation)
Samsung Electronics Co., Ltd. (Samsung Group)
AU Optronics Corporation
BOE Technology Group Co., Ltd.
E Ink Holdings, Inc.
Visionox Technology, Inc.
Flexible Displays Market Related Reports:
North America Market
Asia Pacific Market