According to the
market research report "Flexible Display Market by Application
(Smartphone, Smartwatch, Wearable, TV, Digital Signage, PC Monitor, E-reader,
Electronic Shelf Label, and Automotive), Technology (OLED, Quantum Dots, LED,
E-Paper), Panel Size, and Geography - Global Forecast to 2022" , the market is expected
to grow from USD 2.67 Billion in 2016 to USD 15.14 Billion by 2022, at a CAGR
of 34.42% between 2017 and 2022.
The growth of
this market is majorly driven by a technological shift to and development of
energy-efficient, attractive, and high-specification products and the rising
demand for smartphones, smartwatches, wearables, televisions, PC monitors, and
laptops.
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The smartphones and tablets
segment was the largest segment of the flexible display market in 2016.
The smartphones and tablets segment was the
largest market segment in 2016. The use of flexible displays in smartphones and
tablets makes these more durable, as they offer stylish designs and better
ergonomics to operate the devices.
The OLED technology segment is
expected to witness the highest growth during the forecast period.
The Organic Light-emitting Diode (OLED)
technology segment is expected to witness the highest growth between 2017 and
2022. OLED is a display technology and can be used in various devices, including
smartphones, tablets, laptops, smartwatches, and wearables. For example, OLEDs
are used in mobile phones, digital cameras, VR headsets, tablets, laptops, and
televisions.
Browse
in-depth TOC on "Flexible
Display Market"
Tables – 62
Figures – 44
Pages- 134
Rising
demand for OLED-based devices:
The rising
awareness regarding the benefits of OLED technology among consumers has
resulted in the increased usage of OLED displays, significantly adding to the
development of this market. OLED-based display products offer better viewing
angle, and excellent contrast and refresh rates. Active-matrix OLED (AMOLED)
products, driven mainly by Samsung Electronics Co., Ltd. (South Korea), are the
main fascination of the end users in the consumer electronics market. Samsung
offers AMOLED-based display panels in all of its flagship smartphones.
The
increasing demand for OLEDs in smartphones, especially for flexible displays,
has triggered the growth of the OLED market. OLED offers many advantages, such
as low power consumption and reduced material usage, compared with other
display technologies such as LED-backlit LCD, offering the widest viewing angle
to its user. At present, the market share of OLED in smartphones is less
compared with LCD technology; however, it is expected that the OLED technology
will have more share in the smartphone market by 2022.
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North America was the largest market for flexible
display in 2016.
North America was the largest market in 2016,
followed by Asia Pacific and Europe. The US accounted for the largest share of
the market in North America. Flexible displays are majorly used in smartphones,
tablets, smartwatches, and wearables. Leading companies offering devices and
components include Apple, Inc. (U.S.) and Corning Incorporated (U.S.) are based
in North America, which has helped the growth of the flexible display market in
the region.
Major players operating in the flexible
display market include Samsung Display Co. Ltd. (South Korea), LG Display Co.,
Ltd. (South Korea), Japan Display, Inc. (Japan), and BOE Technology Group Co.,
Ltd. (China), among others.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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