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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.
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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.
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