The flexible display market to
grow from USD 3,449 billion in 2017 to USD 15,139 million by 2022, at a
compound annual growth rate (CAGR) of 34.4% during the forecast period.
The major factors
that are expected to be driving the market are rising demand for OLED-based
devices and high growth of consumer goods. The objective of the report is to
define, describe, and forecast the flexible displays market size based on
application, technology, panel size, substrate material and region.
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Flexible Display Market By
application, the vehicles and public transport segment is expected to grow at
the highest growth rate during the forecast period
Vehicles such as cars and motorbikes, among many others, are the
leading applications in the automotive domain. Displays utilized in cars range
from small- to medium- and medium- to large-sized display panels. These
displays can be used in dashboard displays, central control units,
entertainment systems, navigation systems, security systems, and many other
systems that help drivers in displaying the information. Public transport
vehicles such as trains, planes, and ships also use panels for displaying the
information for the advertising purpose. These display panels are usually large
in size.
Flexible Display Market By
technology, the LED-Backlit LCD segment holds the largest share of the market
The main display technology in the flexible display market is
LED, or LED-backlit LCDs. LED-based display devices utilize LEDs for white
backlighting the LCD panel. In conventional LCD devices, cold cathode
fluorescent lamps (CCFLs) were used for backlighting; however, the display
market has adopted LEDs for backlighting the LCD panel owing to its favorable
features. Although cheap, CCFLs are not as energy-efficient as LEDs. Owing to
the features offered and falling prices of LEDs, CCFL-backlit LCD TVs
disappeared entirely.
Flexible Display
Market in North America to account for the largest market size during the
forecast period.
The flexible display
market in North America, being technologically advanced and developed, is a
leading market for the cutting-edge technology used in flexible display
devices.The region accounted for the largest share of the global market in
2016. The US dominated the North American market owing to its well-established
economy, which allows for a large consumer electronics market. The rapid
adoption of the latest display technologies and increasing applications are
some of the reasons for the large market share of the US in the North American
market. Leading e-reader brands, such as Kindle, were first available in the
US, and hence North America plays an important role in the flexible display
market.
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Key Market Players
LG Display Co.,
Ltd. (South Korea), Samsung Electronics (South Korea), Innolux Corp. (Taiwan), AU Optronics (Taiwan), Japan Display Inc. (Japan), BOE
Technology Group Co., Ltd. (China), Sharp Corp. (Japan), Visionox Corporation
(China), E Ink Holdings, Inc. (Taiwan), Corning Incorporated (US), E. I. du
Pont de Nemours and Company (US), FlexEnable Limited (UK), Kateeva (US),
Cambrios Technologies Corp. (US), Royole Corporation (US) are the key market
players in the Flexible display market.
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