Flexible Display Market Size to Witness Exponential Growth – An Overview

The Flexible Display Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

The increasing adoption of consumer electronics and the flourishing smart wearable devices industry are driving the flexible display market. Device manufacturers are incorporating these displays and lighting panels to offer flexibility, lightweight structure, durability, and bendability in their devices. These are majorly adopted by mobile phone displays, TV panels, wearable electronics, notebook, and tablet displays.

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For instance, Samsung Display offers a flexible and unbreakable OLED panel with a transparent plastic cover for consumer electronics, offering a boost to the industry. The increasing demand for energy-efficient and low power consuming devices is driving the flexible display market. For instance, Apple’s iPhone X has an integrated OLED display, in which this feature can be seen, increasing the durability and performance of devices.

Businesses are making use of LED video walls and digital signages for advertising campaigns and promotional activities by large size banners and hoardings, creating opportunities for the flexible display market. These products are high in demand and requirements by companies are increasing for attracting a large customer base, growing the market share of their offerings. The growth of this industry will increase the need & demand for this technology in the market.

Technical drawbacks associated with these components are hampering the growth of the flexible display market. The materials used in these devices are found to be sensitive to air or moisture as OLEDs use chemically reactive electrodes, which degrades the layer when they are found to be in contact with moisture. To overcome these challenges, a thin film encapsulation is deposited in the OLED panels, such as OLED, recovering devices from getting damaged and providing better & flexible image quality.

The curved display panel amounts to the high growth of industry share in the flexible display market. The high adoption of this technology in several smart devices is increasing its demand and needs. The integration of this technology has a very wide scope, such as smart wearables, smart TVs, and smartphones, growing the awareness of components and features among customers. Smartphones are predicted to account for the high industry share over the coming years in the market. The launch of smartphones with the foldable feature will be a breakthrough in the smartphone and flexible display industry.

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Asia Pacific is predicted to be the dominant region with a high industry share in the flexible display market. The presence of several consumer electronics manufacturers in the region and the widespread customer base is supposed to be the reason for growth. The countries including China, Japan, South Korea, and India are leading in the development of flexible displays in the region and are bringing innovations in their products. China is the prominent player producing flexible OLED screens, for instance, Chengdu factory in China produces over 70 million sheets of flexible phone screens every year.

The key players operating in the flexible display market are LG Display Co., Ltd., Sharp Corporation, Japan Display, Inc BOE Technology Group Co., Ltd Samsung Display Co. Ltd, Panasonic Corporation, Samsung Electronics Co. Ltd., Atmel Corporation Universal Display Corporation, Koninklijke Philips N.V., and LG Display.