Flexible Display Market (By Panel Size: Up to 6, Above 50, 20-50, 6-20; By Technology: OLED Display, E-paper Display, Quantum dot LED Display, LED-Backlit LCD; By Substrate Material: Glass, Plastic, Others; By Application: Smartwatches & Wearables, Smartphone & Tablet, Television & Digital Signage Systems, PC Monitors & Laptops, Electronic Shelf Labels, Smart Home Appliances, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Semiconductor and Electronics | Delivery Format : PDF | Status: Published | Pages : 190

The global flexible display market size is expected to reach around US$ 32.14 Bn by 2026, growing at a CAGR of around 27.4% over the forecast period 2019 to 2026.

Flexible display is special displays which are thin, rugged, light weight, and bend easily. Flexible display is designed is such a way that it can be fold or molded easily without interruption in resolution and used in mobile phones, smartwatches & wearables, smartphone & tablet. The flexible display can be differentiated into various technologies including OLED display, e-paper display, quantum dot LED display, and LED-backlit LCD.

Market Dynamics

The growth of the flexible display market is primarily driven by the rising popularity of advanced smart phones and growth in consumer electronics industry, increase in urban population which increases adoption of flexible displays, growing number of flexible display manufacturers and increase in popularity of flexible display across the globe. Furthermore, rising development of energy efficient systems, technological advancement in the field of display system, increase in number of vendors in the market, and rising spending capacity of individuals on flexible display is estimated to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, growing consumer electronics industry, technological advancement in Smartphone display, and emergence of new product development in flexible display are expected to create opportunities for the manufacturers in the global market over the forecast period. However, technical complexity and high costs of the products are expected to hamper the growth of the global flexible display market in the coming years.

By technology, LED-backlit LCD segment dominated the flexible display market

Based on technology, the market has been segmented into LED display, E-paper display, quantum dot LED display, and LED-backlit LCD. The LED-backlit LCD segment accounts of the largest share in the market and are expected to grow at a CAGR of around 15.8% during the forecast period.

LED-backlit LCD offers high video resolution and has wide angle lens for capturing the view. The major factors that are driving the growth of this segment are increase in demand for detailed picture and decrease in prices of LEDs.

The manufacturers Samsung Electronics, AU Optronics Corp., Japan Display Inc., and BOE Technology Group Co., Ltd are the mainly investing in the development of LED-backlit LCD technology, which expected the lead the market in the coming years.

Based on application, the smartphone & tablets segment is expected to dominate during the forecast period

Based on application, the market has been segmented into smartwatches & wearables, smartphone & tablet, television & digital signage systems, pc monitors & laptops, electronic shelf labels, smart home appliances, and others. The smartphone & tablet segment accounts of the largest share in the market and held for more than 32% of the total market in 2018. The major factors that are driving the growth of this segment are increase in consumer preference towards hand-held devices and increase in demand for stylish design and ergonomics. This expected to enhance the dominance of the smartphone & tablet segment in the global market over the forecast period.

The market research study on “Flexible Display Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global flexible display market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global flexible display market, its panel size, technology, substrate material, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global flexible display market size and volume, and segment markets by panel size, technology, substrate material, application, and geography along with the information on companies operating in the market. The flexible display market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, North America dominated the regional market with a maximum market share

North America accounted for the high market share of the flexible display market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of flexible display in terms of volume, rising popularity of flexible display electronics and rising disposable income are the major driving factor for the region in the global market. Moreover, the increasing demand for flexible displays over conventional flat display and well established economy along with large customer base are expected to enhance the market growth in the global flexible display market in future.Europe is expected to account for second largest in the global market during the forecast period. Growing availability of technically advanced and latest product varieties, growing disposable income of individuals, and growing consumer electronics industry are expected to enhance the regional market growth in the global flexible display market during the forecast.

Asia Pacific is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in developing countries to meet the demand for flexible display. Moreover, changing lifestyle of consumers, increase in government support for the development of consumer electronics, and growing GDP, and strong economic growth in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global flexible display market during the forecast.

The players profiled in the report include LG Display Co., Ltd., Innolux Corp., Samsung Electronics, AU Optronics Corp., and Japan Display Inc., BOE Technology Group Co., Ltd., Visionox Corporation, E. I. du Pont de Nemours and Company, Cambrios Technologies Corp., FlexEnable Limited, and Royole Corporation. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

Market Segmentation

Market By Panel Size

  • Up to 6”
  • Above 50”
  • 20-50”
  • 6-20”

Market By Technology

  • OLED Display
  • E-paper Display
  • Quantum dot LED Display
  • LED-Backlit LCD

Market By Substrate Material

  • Glass
  • Plastic
  • Others

Market By Application

  • Smartwatches & Wearables
  • Smartphone & Tablet
  • Television & Digital Signage Systems
  • PC Monitors & Laptops
  • Electronic Shelf Labels
  • Smart Home Appliances
  • Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


Frequently Asked Questions

Flexible display is special displays which are thin, rugged, light weight, and bend easily.

There are various technologies of flexible display including OLED display, e-paper display, quantum dot LED display, and LED-backlit LCD.

The flexible display market growth primarily driven by the rising popularity of advanced smart phones and growth in consumer electronics industry and growing number of flexible display manufacturers.

Acumen Research and Consulting predict that, the flexible displays market value is expected to be worth around US$ 32.14 Bn by 2026

The flexible displays market is growing at a CAGR of 27.4% from forecast period 2019 to 2026.

The LED-backlit LCD segment is expected to grow at a CAGR of around 15.8% during the forecast period 2019 to 2026.

Smartwatches & Wearables, Smartphone & Tablet, Television & Digital Signage Systems, PC Monitors & Laptops, Electronic Shelf Labels, Smart Home Appliances and Others are the application segments of flexible displays market.

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