Global Flexible Display Market Size, Trends & Analysis- Forecasts to 2026 By Type (LCD, OLED, EPD, and Others), By Material Type (Glass, Plastic, Metal), By Application (Smartphone, Smartwatch, Wearable (Excluding Smartwatches), TV, E-reader, Automotive & Transportation, and Others), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis
Flexible Display Market: Insights
Increasing demand for daily use electronics, like smartphones, smartwatches, televisions are expected to be the main driver behind the increasing demand in the flexible display market. The global market of the flexible display is expected to reach almost 30 billion dollars by the end of the forecasting period of 2021 to 2026. Technological advancements and development all over the world, in the production processes of electronic devices, are becoming more and more advanced and user-friendly everyday. This shift towards more energy-efficient, lightweight, user-friendly, attractive, flexible, and high specification products is rising the use of flexible display,all over the world. The ongoing global digitalization process happening, especially in developing countries is also expected to be a leading market driver to improve the market demand in the global flexible display market.
Flexible Display Market: By Type
According to the type of these flexible displays, the market can be divided into four segments: LCD, EPD, OLED, and others. Between these, the segment of OLED is expected to be dominating the market by achieving the largest share of the market revenue during the forecast period. In the year 2020, this segment acquired almost 60% of the market share, globally. The characteristics of it like energy efficiency, high flexibilityare the reasons, why it is becoming more and more popular in the production of different electronic especially smartphones. This kind of flexible display is also relatively thin and lighter in weight in comparison to its other counterparts.
However, on the other hand,the EPD segment is expected to become the fastest-growing segment by achieving the highest CAGR during the foreseen period. The increasing trend of e-reading habits is the main contributor as the Electronic Paper Display or the EPD is widely used in the production of thesee-reading electronic devices.
Flexible Display Market: By Material Type
Based on the material type used in these flexible display systems, the market is segmented into three main divisions: glass, metal, and plastic. However, among these three, the segment of plastic acquires the largest share of the market and it is also expected to be following the same trend during the forecastperiod of the next five years. The robustness, lightweight, easy availability, and inexpensiveness is expected to be the main reasons behind the growth of this segment, in particular. Along with that, the flexibility to acquire any shape, as well as, the non-conductive character towardselectricity is leading this market forward. On the other hand, the segment of glass is expected to be the fastest-growing segment by achieving the largest CAGR during the next five years. As plastics and metals are prone to creasing and scratching, many instruments are now being developed with a glass exterior. It is highly waterproof and it also does not react to any gas, which makesit highly durable.
Flexible Display Market: By Application
According to the application of these flexible display screens, the market can be segmented into various divisions such as smartphones, wearables,e-readers, smartwatches, televisions,automotive and transportation, and others. However, among all these, the segment of the smartphone is expected to be dominating the market during the forecast period as it has been doing the same for the last few years. With the increasing need and demand for mobile phones and smartphones, this particular segment isexpected to grow rapidly. The unquestionable need forsmartphones is leading people to demand these devices widely. The digitalization process, all over the world,especially in developing countries is leading people from the whole world to demand more smartphones.On the other hand, the segment of wearables and smartwatches is expected to be collectively the fastest-growing segment. The growing trend of using smartwatches to track the movements of the whole day is leading consumers to purchase smartwatches and other wearables. Other than that, the automotive and transportation segment is also expected to grow. Also, public buses, all over the world are now highly technical withthe technology of integrated navigation systems, which require digital displays in a wide amount.
Flexible Display Market: By Region
As per the geographical analysis, the market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central South America (Brazil, Argentina, and Rest of Central and South America). TheAsia Pacific region is expected to be dominating the global flexible display market during the forecast period. With the rise in demand for smartphones and other daily use electronic products like smartwatches, TV,E-readers, the revenue collected by region is expected to grow in the coming period. Also, with the ongoing digitalization, the transportation systems are being highly digitalized, where these flexible displays are widely used. Moreover, many big companies of smartphone production are situated in countries like South Korea, Japan,China, where these screens are highly applied in the development of various electronic instruments.
Flexible Display Market Share & Competitor Analysis
BOE Technology Group Co., Ltd., Samsung Electronics Co., Ltd, Corning Incorporated, Royole, Innolux Corp., LG Display Co., Ltd., AU Optronics Corp., Japan Display Inc., E Ink Holdings, Inc. are the main player companies of this market of the flexible display.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Flexible Display Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Flexible Display Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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