Flexible Display Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (LCD, LED, TFT, E-Paper), By Application (Smartphones, Wearables, Digital Signage, TV, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Nov 2022 Report Code: KSI061610247 Pages: 140

The global flexible display market is projected to grow at a CAGR of 16.65% over the forecast period to reach US$44.224 billion in 2027, up from US$15.043 billion in 2020.

The flexible display is being increasingly used for consumer electronics due to its advantages like ruggedness, lightweight, non-brittle nature, portability, and durability. Consumer electronics like smartphones, tablets, laptops, and other devices are using advanced technology and are increasing the use of flexible displays. The growing polymer industry has led to the easy availability of raw materials. The flexible display is made up of glass, plastic, and metal.  Smart wearables, televisions, personal computers, laptops, E-Readers, monitors, smartphones and tablets, electronic shelf labels, and vehicles all use flexible displays. The flexible display is highly durable, lightweight, ultra-thin, unbreakable, bendable, shatter-proof, portable, and uses low energy consumption. The rising adoption of OLED-based devices mobile phones, VR headsets, digital cameras, laptops, tablets, and televisions is growing the market for flexible displays. The high adoption of entertainment and gaming is going to drive the flexible displays market in the forecast period.

By Type

The global flexible display market is segmented by type as LCD, LED, TFT, and E-paper. A Liquid Crystal Display (LCD) is an electronically modulated optical device that uses the light-modulating properties of liquid crystals combined with polarizers. LED displays are comprised of soft rubber and a printed circuit board. It can be made in any size and shape for creative installations. The Thin Film Transistor (TFT) backplane is a crucial enabler for fabricating flexible displays. Electrophoretic technology is commonly known as e-paper. The screens have a very broad viewing angle and come in monochrome with up to 16 shades of grey. OLED is the rising segment in the flexible display market due to its high energy efficiency, simplified design, flexibility, and better image quality. OLED does not involve backlighting, which enables them to be thinned and molded into specific shapes like curved screens.

By Application

By application, the market is segmented as smartphones, wearables, digital signage, TV, and others. The wearables segment is growing at a rapid rate due to a change in lifestyle and advancement in technology. Wearable devices utilize small display panels and have a lot of new applications like augmented reality (AR) and virtual reality (VR).

By Geography

Geographically, the flexible display market has been segmented into North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The report also analyses major countries across these regions with a complete analysis and forecast along with prevailing market trends and opportunities that each of these countries presents for the manufacturers. Geographically, North America held a significant amount of market share due to the high disposable income of citizens coupled with the urbanized society in this region. The Asia Pacific is expected to grow at the fastest rate owing to rapid urbanization, especially in the emerging economies of China and India. The large population base coupled with the growing middle-class income level and rising disposable income augments the adoption of devices like smartphones, tablets, and TVs, among others, and is expected to propel the flexible display market over the projected period. The rising adoption of technology and the presence of rapidly growing economies in China and India are further expected to contribute to market growth.

Competitive Insights

Because of the presence of various players, the market is fragmented; key players dominate the market share due to their ability to invest in continuous R&D. Sony Corporation, SAMSUNG, LG Electronics, E Ink Holdings Inc., and AU Optronics Corp. are among the prominent firms addressed in the market. Product feature innovation through the addition of advanced and cutting-edge technologies helps vendors differentiate in the market while gaining a competitive advantage. Product feature innovation with the incorporation of modern and cutting-edge technology helps suppliers distinguish in the market while earning a competitive advantage.

Market Key Developments

  • In April 2022, BOE announced plans to expand production lines in Western China. By the end of 2022, the production line would be completely operational. By the end of 2022, the business intended to sell 100 million OLED panel units. Companies supplied almost 60 million OLED panels, making it the second largest OLED maker, and capturing 17% of the worldwide market share. The third production line in central China is used for testing.
  • In September 2021, Ynvisible Interactive Inc., a fast-growing company in the Internet of Things industry, and PragmatIC Semiconductor, a world leader in flexible electronics, engaged in a three-year non-binding Technology Partnership and Supply Agreement for services and deliverables worth up to $2 million USD.
  • In July 2020, Royole Corporation collaborated with sportswear maker Tuta to create the world's first fully flexible and wearable display advertising in live sports. At only 7.8 inches and 8.5 grams, the totally flexible display was exceptionally light and thin, making it invisible for the referees wearing them, while the information on the flexible screens was controlled by an app and the films or photos.

Product Offerings

  • Samsung offers Samsung Galaxy Z Fold 2 smartphone that has a larger, flexible display that folds in half. It also includes Ultra-Thin Glass protection along with wireless charging capability and rear cameras.
  • LG offers, Flexible Curved Open Frame OLED signage, 55EF5K-L, that has both convex and concave curvature along with a large screen size both horizontally and vertically. It is slim and lightweight with rich colour and graphics.

Flexible Display Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$15.043 billion
 Market Size Value in 2027  US$44.224 billion
 Growth Rate  CAGR of 16.65% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, Application, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered SAMSUNG, E Ink Holdings Inc., LG Electronics, Sony Corporation, AU Optronics Corp., Koninklijke Philips N.V., Royole Corporation, FlexEnable Limited, Japan Display Inc., Visionox Company
 Customization Scope  Free report customization with purchase

 

Segmentation

The global flexible display market is segmented by type, application, and geography.

  • By Type
    • LCD
    • LED
    • TFT
    • E-paper
  • By Application
    • Smartphones
    • Wearables
    • Digital Signage
    • TV
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • Spain
      • United Kingdom
      • Italy
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the flexible display market size by 2027?
A1. The global flexible display market is projected to reach a total market size of US$44.224 billion in 2027.


Q2. What are the growth prospects for the flexible display market?
A2. The flexible display market is projected to grow at a CAGR of 16.65% during the forecast period.


Q3. What is the size of the global flexible display market?
A3. Flexible Display Market was valued at US$15.043 billion in 2020.


Q4. What factors are anticipated to drive the flexible display market growth?
A4. The rising adoption of OLED-based devices mobile phones, VR headsets, digital cameras, laptops, tablets, and televisions is growing the market for flexible displays.


Q5. Which region holds the largest share of the flexible display market?
A5. Geographically, North America held a significant share of the flexible display market due to the high disposable income of citizens coupled with the urbanized society in this region.


1. INTRODUCTION

1.1. Market Overview

1.2. COVID-19 Scenario

1.3. Market Definition

1.4. Market Segmentation

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. GLOBAL FLEXIBLE DISPLAY MARKET, BY TYPE

5.1. Introduction

5.2. LCD

5.3. LED

5.4. TFT

5.5. E-paper

 

6. GLOBAL FLEXIBLE DISPLAY MARKET, BY APPLICATION

6.1. Introduction

6.2. Smartphones

6.3. Wearables

6.4. Digital Signage

6.5. TV

6.6. Others

 

7. GLOBAL FLEXIBLE DISPLAY MARKET, BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. Spain

7.4.3. United Kingdom

7.4.4. Italy

7.4.5. France

7.4.6. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Taiwan

7.6.8. Others

 

8.  COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. SAMSUNG

9.2. E Ink Holdings Inc.

9.3. LG Electronics

9.4. Sony Corporation

9.5. AU Optronics Corp.

9.6. Koninklijke Philips N.V.

9.7. Royole Corporation

9.8. FlexEnable Limited

9.9. Japan Display Inc.

9.10. Visionox Company

SAMSUNG

E Ink Holdings Inc.

LG Electronics

Sony Corporation

AU Optronics Corp.

Koninklijke Philips N.V.

Royole Corporation

FlexEnable Limited

Japan Display Inc.

Visionox Company

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us