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 2020 To 2025

Published:  Apr 2021 Report Code: KSI061610247 Pages: 129

Global flexible display market is projected to grow at a CAGR of 29.33% over the forecast period to reach US$20.060 billion in 2025 from US$4.286 billion in 2019. A flexible display is an electronic visual display that is flexible in nature. 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 application 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. The flexible display has various applications like smart wearables, televisions, personal computers, laptops, E-Reader, monitors, smartphones and tablets, electronic shelf labels, and vehicles. 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 television is growing the market for flexible display. High adoption of entertainment and gaming is going to drive the flexible display market in the forecast period.

By Type

The global flexible display market is segmented by type as LCD, LED, TFT, and E-paper. 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 made of soft PCB and rubber material. It can be made in any size and shape for creative installations. Thin Film Transistor (TFT) backplane is a crucial enabler for fabricating flexible displays. Electrophoretic technology is commonly known as e-paper. The displays have an ultra-wide viewing angle and are available in monochrome with up to 16 levels of gray.  OLED is the rising segment in the flexible display market due to 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 as North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The report also analyses major countries across these regions with complete analysis and forecast along with prevailing market trends and opportunities which 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 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 TV 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 of China and India are further expected to contribute to market growth.

Competitive Insights

The market is fragmented owing to the presence of various players; key players dominate the market share owing to their capability to invest in continuous R&D. The major players discussed in the reports are SAMSUNG, E Ink Holdings Inc., LG Electronics, Sony Corporation, and AU Optronics Corp. among others. Innovation in product features through the addition of advanced and latest technologies helps vendors to differentiate in the market while gaining a competitive edge.

Some key developments in the area are:-

In May 2018, AUO introduced a full range of gaming monitors, Esports, and VR head-mounted displays with mini LED backlight technology.

In January 2018, the Universal Display and Sharp Corporation came into an agreement in which Universal Display will supply its proprietary Universal PHOLED phosphorescent OLED materials and technology to Sharp Corporation.

Flexible Display Market Scope:

Report Metric Details
 Market size value in 2019  US$4.286 billion
 Market size value in 2025  US$20.060 billion
 Growth Rate  CAGR of 29.33% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 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
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the flexible display market size by 2025?
A1. The global flexible display market is projected to reach a total market size of US$20.060 billion in 2025.


Q2. What are the growth prospects for the flexible display market?
A2. The flexible display market is projected to grow at a CAGR of 29.33% during the forecast period.


Q3. What is the size of the global flexible display market?
A3. Flexible Display Market was valued at US$4.286 billion in 2019.


Q4. What factors are anticipated to drive the flexible display market growth?
A4. High adoption of entertainment and gaming is going to drive the flexible display market in the forecast period.


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

1. Introduction
1.1. Market Definition
1.2. 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. Porters Five Forces 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 Analysis, by Type
5.1. Introduction
5.2. LCD
5.3. LED
5.4. TFT
5.5. E-paper
 
6. Global Flexible Display Market Analysis, 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 Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. North America Global Flexible Display Market, By Type, 2019-2025, US$ billion
7.2.2. North America Global Flexible Display Market, By Application, 2019-2025, US$ billion
7.2.3. North America Global Flexible Display Market, By Country, 2019-2025, US$ billion
7.2.3.1. USA
7.2.3.1.1. By Type
7.2.3.1.2. By Application
7.2.3.2. Canada 
7.2.3.2.1. By Type
7.2.3.2.2. By Application  
7.2.3.3. Mexico
7.2.3.3.1. By Type
7.2.3.3.2. By Application
7.3. South America
7.3.1. South America Global Flexible Display Market, By Type, 2019-2025, US$ billion
7.3.2. South America Global Flexible Display Market, By Application, 2019-2025, US$ billion
7.3.3. South America Global Flexible Display Market, By Country, 2019-2025, US$ billion
7.3.3.1. Brazil
7.3.3.1.1. By Type
7.3.3.1.2. By Application
7.3.3.2. Argentina
7.3.3.2.1. By Type
7.3.3.2.2. By Application
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Global Flexible Display Market, By Type, 2019-2025, US$ billion
7.4.2. Europe Global Flexible Display Market, By Application, 2019-2025, US$ billion
7.4.3. Europe Global Flexible Display Market, By Country, 2019-2025, US$ billion
7.4.3.1. Germany
7.4.3.1.1. By Type
7.4.3.1.2. By Application
7.4.3.2. France
7.4.3.2.1. By Type
7.4.3.2.2. By Application
7.4.3.3. United Kingdom
7.4.3.3.1. By Type
7.4.3.3.2. By Application
7.4.3.4. Spain
7.4.3.4.1. By Type
7.4.3.4.2. By Application
7.4.3.5. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Global Flexible Display Market, By Type, 2019-2025, US$ billion
7.5.2. Middle East and Africa Global Flexible Display Market, By Application, 2019-2025, US$ billion
7.5.3. Middle East and Africa Global Flexible Display Market, By Country, 2019-2025, US$ billion
7.5.3.1. Saudi Arabia
7.5.3.1.1. By Type
7.5.3.1.2. By Application
7.5.3.2. Israel
7.5.3.2.1. By Type
7.5.3.2.2. By Application
7.5.3.3. UAE
7.5.3.3.1. By Type
7.5.3.3.2. By Application
7.5.3.4. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Global Flexible Display Market, By Type, 2019-2025, US$ billion
7.6.2. Asia Pacific Global Flexible Display Market, By Application, 2019-2025, US$ billion
7.6.3. Asia Pacific Global Flexible Display Market, By Country, 2019-2025, US$ billion
7.6.3.1. China
7.6.3.1.1. By Type
7.6.3.1.2. By Application
7.6.3.2. Japan
7.6.3.2.1. By Type
7.6.3.2.2. By Application
7.6.3.3. South Korea
7.6.3.3.1. By Type
7.6.3.3.2. By Application
7.6.3.4. India
7.6.3.4.1. By Type
7.6.3.4.2. By Application
7.6.3.5. 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

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