Flexible displays offer high durability, lightweight, and highly energy efficient products for consumers. Integrating flexible displays into smartphones, tablets, and other consumer electronics enhances their portability and versatility. The global flexible display market enables rollable and foldable features that open new dimensions for user experience.
The global Flexible Display Market is estimated to be valued at US$ 16.14 Bn in 2023 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of flexible displays in smartphones is one of the major trends seen in the flexible display market. Major smartphone brands have launched foldable and rollable smartphones with flexible OLED displays to improve screen size and portability. Samsung’s Galaxy Z series and Huawei’s Mate X series smartphones feature flexible AMOLED displays enabling new form factors. The growing popularity of foldable smartphones is expected to fuel demand for flexible displays during the forecast period. Growing investments by display manufacturers in enhancing display technology to enable more durable and energy efficient flexible displays will further support the market growth over the coming years.
The global flexible display market is segmented by technology into OLED, EPD, and others. The OLED segment dominates the market and is expected to continue its dominance over the forecast period. OLED displays provide better picture quality, higher contrast ratio, and thinner panels compared to LCD panels. They can be made flexible and are being increasingly used in foldable smartphones as well as wearable devices.
The global Flexible Display Market is estimated to be valued at US$ 16.14 Bn in 2023 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030.
Asia Pacific region currently dominates the global flexible display market and is expected to continue its dominance owing to the presence of a large number of flexible display manufacturers in countries such as China, South Korea, Taiwan and others. China is the largest producer as well as consumer of flexible displays. The region’s market is expected to grow at the fastest rate during the forecast period.
Key players operating in the flexible display market are LG Display Co. Ltd, Samsung Electronics Co Ltd, ROYOLE Corporation, e-ink Holdings, BOE Technology Group Co. Ltd, Guangzhou Oed Technologies Co. Ltd, FlexEnable Limited, Chunghwa Picture Tubes Ltd, Huawei Technologies Co. Ltd, Sharp Corporation, Plastic Logic, Innolux Corporation, AU Optronics Corp., TCL Electronics Holdings Limited, Microtips Technology, and Others. LG Display and Samsung together account for over 50% share of the global flexible display market.
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it