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Global Flexible Display Market to Grow at a CAGR of 33.5% During 2022-2027, Driven by the Rapid Technological Advancements

According to a new report by EMR titled, ‘Global Flexible Display Market Report and Forecast 2022-2027’, the market attained a value of over USD 10.5 billion in 2021. The industry is further expected to grow at a CAGR of 33.5% in the forecast period of 2022-2027 to reach a value of more than USD 59.40 billion by 2027.

The growing technological breakthroughs and increasing innovations are driving the flexible display industry growth globally. Nowadays, flexible display is widely used in smartphones, tablets, smart wearables, televisions, PCs, and laptops. This is because it offers brighter, thinner, and flexible displays. In addition, OLEDs are expected to drive the market growth, as they provide transparent display. This is because the light-emitting layers of OLED are lighter and the OLED substrate is flexible instead of rigid . Furthermore, high competition in the flexible display industry and the rise in research and development activities are leading to new product development, which is predicted to aid the industry growth in the forecast period.

Flexible display allows users to interact with phone while twisting, bending, or folding the same across both the vertical and horizontal planes in different manners. The growing use of smartphones by the youth and their easy availability through online platforms such as Amazon (NASDAQ: AMZN) and Alibaba (OTCMKTS: BABAF) is driving the market growth. Great offers and discounts on products available on these platforms have led to an increased purchase of digital devices, especially in emerging nations like India, which, in turn, is expected to enhance the demand for flexible display in the forecast period.

Market Analysis by Type, Substrate Material, Application, and Region:

  • The market, on the basis of type, can be divided into OLED, LCD, EPD (Electronic Paper Display), and others.
  • Based on substrate material, the industry can be divided into glass, plastic, and others.
  • On the basis of application, the market can be segmented into smartphones and tablets, smart wearables, televisions and digital signage systems, personal computers and laptops, and others.
  • The regional markets for flexible display include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing technological advancements and the increasing investments by the key players in research and development activities are driving the market growth globally.
  • High competition in the flexible display industry is leading to the development of new products, which is aiding the market growth.
  • The global market is being driven by the increasing use of smartphones, laptops, tablets, and other similar devices.
  • The advantageous properties of flexible display like lightweight, slim design, improved durability, and improved portability are aiding the growth of the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for flexible display for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, substrate materials, applications, and regions of flexible display.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global flexible display market are LG Display Co., Ltd., Samsung Electronics Co. Ltd, Huawei Technologies Co. Ltd., Innolux Corporation, and Royole Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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