PUBLISHER: Persistence Market Research | PRODUCT CODE: 1442622
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1442622
Persistence Market Research has recently published an in-depth analysis of the global the flexible display market is experiencing a significant surge, driven by technological advancements, changing consumer preferences, and a growing demand for innovative display solutions across various industries. In its latest report, offering insights into key market dynamics, growth drivers, challenges, and emerging trends shaping the industry landscape. Presenting exclusive data and statistics, the report forecasts the market's trajectory from 2023 to 2030
The global flexible display market is forecast to expand at a CAGR of 9.5% and thereby increase from a value of US$6.2 Bn in 2023 to US$11.7 Bn by the end of 2030.
Flexible Display Market Size (2023E): US$6.2 Billion
Projected Market Value (2030F): US$11.7 Billion
Global Market Growth Rate (CAGR 2023 to 2030): 9.5%
Historical Market Growth Rate (CAGR 2018 to 2022): 8.4%
Flexible Display Market - Report Scope:
Flexible displays are cutting-edge visual interfaces that bend, fold, or curve without sacrificing functionality, aiming to revolutionize traditional displays. They enable the creation of unique devices like foldable smartphones and curved TVs, enhancing user experiences with immersive and adaptable designs. Fueled by demand for unconventional electronics, the market sees growth in wearables, automotive displays, and emerging tech like AR and VR, driven by OLED advancements and increasing flexibility.
Growing demand for innovative consumer electronics is propelling the flexible display market. These displays, found in smartphones, smartwatches, and tablets, offer unique designs and differentiation opportunities for manufacturers. Technological strides, especially in OLED, drive thinner, lighter, and more vibrant displays. Continuous R&D enhances flexibility, durability, and performance, shaping the market's evolution.
Supply chain challenges pose a significant constraint on the flexible display market due to the complex manufacturing process and specialized materials involved. Obtaining and processing these materials can be intricate and costly, while geopolitical tensions and unexpected events can disrupt the supply chain, leading to shortages and increased costs. Additionally, the complexity of manufacturing processes, involving specialized techniques and delicate components, presents challenges in achieving consistency, scalability, and cost-effectiveness. Overcoming these challenges is essential for sustaining success and meeting the growing demand for flexible display technologies.
Flexible displays offer a lucrative opportunity for revenue growth in automotive displays, as they cater to the integration of advanced technologies in vehicles, enhancing infotainment systems and instrument clusters. Customized displays can meet specific automotive requirements, driving revenue through innovative in-car visual interfaces. Additionally, the adoption of flexible displays in foldable smartphones and wearable devices presents another significant revenue opportunity, catering to the demand for compact and versatile devices aligned with evolving consumer preferences.
Key Questions Answered in the Report:
Competitive Intelligence and Business Strategy:
Key players in the flexible display market, such as LG Display Co. Ltd, Samsung Electronics Co Ltd, and ROYOLE Corporation, lead the sector. Competitive intelligence involves tracking technological advancements, market trends, and strategic moves of industry leaders. Understanding the competitive landscape aids informed decision-making, including monitoring R&D, patents, and collaborations. Companies strategically position themselves by investing in innovation, expanding into untapped regions like South Asia and Oceania, and fostering strategic collaborations to capitalize on emerging opportunities.
Guangzhou Oed Technologies Co. Ltd
Flexible Display Market Research Segmentation:
Televisions and Digital Signage
Personal Computers and Laptops