Flexible Display Market by Display Type (OLED Display, E-paper Display, Quantum dot LED Display, LED-Backlit LCD); by Substrate Material (Glass, Plastic, Others); by Application (Smartphone & Tablet, Smartwatches & Wearables, PC Monitors & Laptops, E-reader, Electronic Shelf Labels (ESLS), Vehicles & Public Transports, Smart Home Appliances); and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2022 to 2027

The global Flexible Display market gathered revenue around USD 14.1 billion in 2021 and market is set to grow USD 89.1 billion by the end of 2027 and is estimated to expand at a modest CAGR of 34.1% during the prediction period 2022 to 2027.

A flexible display is a visual output surface that is designed with the purpose to resist being folded, bent, and twisted. Flexible displays are beneficial in allowing the device to be stored in a smaller space, like a pocket while offering a screen size that is more enjoyable for the display of media.

Global Flexible Display Market Dynamics:

The superior capabilities provided through flexible displays in terms of portability, non-fragility, and weight, make them an appealing alternative for customer electronics manufacturers. Furthermore, the adoption of Organic Light Emitting Diode (OLED) based flexible displays is witnessing an exponential increase with the rise in high-definition content and high-performance applications. Moreover, the high growth of the smart wearable market is accelerating the flexible display market demand.

In addition, an increase in demand for flexible displays from healthcare and automotive among other industries is anticipated to create growth opportunities for the key producers operating in the market. Automotive manufacturers focus on integrating flexible displays in automotive interiors. For instance, in May 2019, Audi AG and Samsung Corporation entered into a strategic partnership to promote the Audi Prologue A9 Prototype, a concept car by the former.  

The report also provides an in-depth analysis of flexible display market dynamics such as drivers, restraints, opportunities, and challenges:

Drivers

• Growing demand for electronic products
• Rising demand for connected and automated vehicles
• Growing acceptance of digital signage system

Restraints

• Complex manufacturing process

Opportunities

• High Growth of the smart wearable market

Challenges

• Fluctuations in ASPs of flexible panels

Report Coverage

Based on the display type, the OLED display segment held the largest market share in 2020 and is expected to grow significantly during the forecast period due to their properties such as high degree of flexibility and consume less energy

Based on the display type, the market has been segmented into OLED display, E-paper display, quantum dot LED display, LED-backlit LCD. The OLED display segment in flexible display accounted for the largest market share in 2020 and is expected to grow significantly during the forecast period. The growth in the segment is attributed to the properties of OLED display such as high degree of flexibility and consume less energy. Moreover, OLED flexible displays are also relatively sleek in design and lightweight as compared to LCDs. 

Based on the substrate material, the plastic segment in the flexible display market held the largest market share in 2020 and is expected to grow at the highest CAGR during the forecast period due to the various features offered by plastics in terms of size, robustness, and weight

Based on the substrate material, the global flexible display market has been segmented into glass, plastic, others. The plastic segment in the flexible display market share held the largest numbers in 2020 and is expected to grow at the highest CAGR during the forecast period. The growth in the segment is attributed to the various features of plastics such as size, robustness, and weight. Moreover, the rising preference for plastic as a substrate material can also be attributed to the growing demand for low-cost, flexible substrates, especially in the electronics industry.

Based on the application, the smartphone & tablet segment in the flexible display market growing at the highest CAGR during the forecast period owing to the high adoption of smartphones across the globe

Based on the application, the market has been segmented into smartphones & tablets, smartwatches & wearables, PC monitors & laptops, E-reader, electronic shelf labels (ESLS), vehicles & public transports, and smart home appliances. The smartphone & tablet segment growing at the highest CAGR during the forecast period. The growth is mainly attributed to the high adoption of smartphones across the globe. Moreover, the innovative products launched by the key players is the major factor that influences the growth of this segment.

Based on region, the Asia Pacific hold the significant market share during the forecast period owing to the faster adoption of smartphones

Based on region, the global flexible display market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific holds a significant market share in the flexible display market owing to the faster adoption of smartphones. Moreover, the increasing demand for compact and light-weight electronic devices as well as the growing adoption of advanced technologies such as 3D displays and augmented reality is projected to drive the regional market growth. Furthermore, the presence of a large number of consumer electronics manufacturers and a big customer base is supporting the regional demand for flexible displays.

Some of the prominent players in the Flexible Display Market include:

Innolux Optoelectronics Co., Ltd.

SAMSUNG

LG Display Co., Ltd.

AU Optronics Corp.

Japan Display Inc.

SHARP CORPORATION

BOE Technology Group Co., Ltd.

Visionox Company

Corning Incorporated

Ink Holdings Inc.

FlexEnable Limited

CAMBRIOS

Kateeva

UNIVERSAL DISPLAY

Royole Corporation

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

By Display Type

• OLED Display
• E-paper Display
• Quantum dot LED Display
• LED-Backlit LCD

By Substrate Material

• Glass
• Plastic
• Others

By Application

• Smartphone & Tablet
• Smartwatches & Wearables
• PC Monitors & Laptops
• E-reader
• Electronic Shelf Labels (ESLS)
• Vehicles & Public Transports
• Smart Home Appliances

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

COVID-19 Impact on the Flexible Display Market Analysis:

The COVID-19 pandemic has significantly impacted many lives and businesses across the globe which result in the slowdown of economies. The slowdown of the economy happened due to the strict lockdown imposed by the government to limit the spread of the COVID-19 virus. The flexible display market was affected due to the halting of production and disruption in the supply chain across the country. Moreover, the decline in the sales of automobiles due to which it directly impacted the demand for flexible display. For instance, according to the report published by International Organization of Motor Vehicle Manufacturers (OICA) in 2021, the global auto production in 2020 severely hit by COVID-19 crisis with a 16% drop in world auto production, thus it has negative impact on automobiles sales.

*Note: A detailed analysis is specific to the flexible display market will be provided in the report.

The report also provides an in-depth analysis of key trends in the flexible display market:

• OLED is an emerging display technology that enables efficient displays and lighting panels
• The increasing demand from the automotive industries

The report also provides an in-depth analysis of recent news developments and investments:

• In February 2021, BOE demonstrated the new display technology with a prototype phone that folds inwards like a clamshell, seemingly for storage. It is additionally used as a tablet when unfurled, much like the Samsung Galaxy Z Fold and Huawei Mate X series.
• In Sep 2020, Samsung released the Galaxy Z Fold 2 on the Galaxy Unpacked 2020 Part 2 digital event. The foldable phone is the third in the series that the enterprise commenced with the Galaxy Fold in the previous year. The Galaxy Z Fold 2 comes with a series of upgrades over the Galaxy Fold as well as the Galaxy Z Flip that was launched earlier this year.

Key Points Covered in Flexible Display Market Study:

• Growth of Flexible Display in 2022
• Market Estimates and Forecasts (2017-2027)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Flexible Display and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Flexible Display Consumption Analysis
•  Flexible Display Production Analysis
•  Flexible Display and Management