The Flexible Display Market is projected to grow from USD 2.7 billion in 2016 to USD 15.1 billion by 2022, at a CAGR of 34.4% between 2017 and 2022. Growth of this market is driven majorly by a technological shift, the development of energy-efficient, attractive, 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 accounted for the largest share of the flexible display market in 2016
The smartphones and tablets
segment accounted for the largest share of the market in 2016. Smartphones have
LED-LCD and OLED-variant–based display panels, and tablets are extended forms
of smartphones and are equipped majorly with LED-LCD display panels. Various
smartphone and laptop manufacturing and supplying companies have entered the
tablet market due to the high demand in the consumer market. The use of
flexible displays in smartphones and tablets makes these more durable, as they
offer stylish designs and better ergonomics to operate these devices. The
market for smartphones and tablets is growing significantly, owing to the
increasing demand for hand-held devices around the world. This trend is
expected to continue during the forecast period.
The OLED technology segment is
projected to grow at the highest CAGR during the forecast period
The Organic Light-emitting Diode
(OLED) technology segment is expected to grow at the highest CAGR between 2017
and 2022. OLED is a display technology 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. OLED has the potential to revolutionize the future of display as
it is made of carbon and offers various advantages, such as low power
consumption, fast response time, and flexibility.
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North America accounted for the
largest share of the market for flexible display in 2016
North America accounted for the
largest share of the market in 2016, followed by the Asia Pacific and Europe.
The US accounted for the largest share of the market in North America in 2016.
Flexible displays are used majorly in smartphones, tablets, smartwatches, and
wearables. Leading companies offering devices and components include Apple,
Inc. (US) and Corning Incorporated (US), which are based in North America, and
this factor 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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