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Global Foldable Display Market Size, Trends & Analysis - Forecasts To 2026 By Application (Smartphones/tablets, Notebooks), By Region (North America, Europe, Asia Pacific, MEA, CSA); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Foldable Display Market Insights
The global foldable display market is estimated to witness a significant CAGR during the forecast period (2020-2026). A foldable display is a highly flexible electronic display, compared to conventional flat-surface displays. Foldable displays are based on a flexible display technology that can be rolled up, twisted, and folded like a paper according to its particular application. The growing consumer awareness of the latest technologies in OLED and AMOLED in developed economies is fueling the demand for such a product. Polyimide, a polymer, is commonly used in flexible displays, due to its robustness and near glass content characteristics. The growth of the market is anticipated due to the demand for flexible displays from healthcare and automotive, among other industries which is expected to drive the market growth during the forecast period. Moreover, the major advantage that flexible displays are currently supposed to offer is their longevity. However, high cost, hardware & software incompatibility issues and technical defects, and complex manufacturing processes and expected slow demand from smartphones are some of the factors likely to hamper the market growth during the forecast period.
Foldable Display Market Size: By Application
Based on application, the global foldable display market is segmented into smartphones/tablets, and notebooks. Smartphone segment is expected to grow at a high CAGR during the forecast period. The introduction of smart city concept, digital signage systems with flexible displays, should be used extensively for map displays during the forecast period. The high demand for flexible displays from smartphone manufacturers and technological advancements in OLED display and commercialization of foldable smartphones by different manufacturers are some of the major factors driving the market growth. Furthermore, the notebooks segment is projected to grow at a high CAGR during the forecast period due to the product developments which are driving the market.
Foldable Display Market Size: By Region
Based on region, the global foldable display market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The Asia-Pacific region is expected to grow at a high CAGR during the forecast period. The growing demand for compact and light-weight electronic devices in the region is expected to propel the demand for foldable display during the forecast period. Moreover, the increased number of smartphones and high demand for new and advanced smartphone displays are driving the market growth. Additionally, low operating costs and cheap availability of the raw materials & components required to manufacture the products of the industry are some of the major factors driving the market. Furthermore, the North America region is expected to grow at a high CAGR during the forecast period due to the rising demand for energy-efficient devices. The growing technology development initiatives by U.S. based companies including Apple and Microsoft in the region is expected to propel the market growth.
Foldable Display Market Share & Competitor Analysis
Some of the key players operating in the Foldable Display market include: BOE Technology, Royole Corporation, Samsung Display, Tianma, 3M, Applied Materials, LG Display, Semiconductor Energy Laboratory (SEL), Kaneka, AP Systems, Asahi Glass, C3 Nano, Fuji Film, Sumitomo Chemical, and Ube Industries among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Foldable Display Market Report
Foldable Display Market: By Application
Foldable Display Market: By Region
The global Foldable Display Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 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 Foldable 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 companies and customer analytics.
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