What is the global market size of Flexible Display Market?

Flexible Display Market size was valued at USD 14.7 billion in 2021 and is poised to grow from USD 18.83 billion in 2022 to USD 136.54 billion by 2030, at a CAGR of 28.1% during the forecast period (2023-2030).

Flexible Display Market Size, Share, Growth Analysis, By Technology (OLED Display, E-paper Display), By Panel Size (Up to 6”, 6-20”), By Substrate Material (Glass, Plastic), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2155 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 64 | Figures: 75

Flexible Display Market Regional Insights

Asia Pacific emerges as the dominating region in terms of market share. This region is home to several major manufacturers and suppliers of flexible displays, including South Korea, China, and Japan. South Korea, in particular, holds a significant market share due to the presence of leading companies such as Samsung Display and LG Display, which are pioneers in flexible display technology. The strong presence of these key players and the region's advanced manufacturing capabilities contribute to its dominance in the global market.

North America is expected to be the fastest-growing region in the flexible display market. The region's growth can be attributed to the increasing adoption of flexible displays in various applications such as smartphones, tablets, and wearables. The presence of prominent technology companies and the demand for advanced consumer electronics further drive the growth of the flexible display market in North America. Additionally, the region's focus on research and development activities related to display technologies and its strong consumer base contribute to its rapid growth in the market.

Flexible Display Market Report Snapshots

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Global Flexible Display Market size was valued at USD 13.2 billion in 2022 and is poised to grow from USD 17.93 billion in 2023 to USD 207.33 billion by 2031, growing at a CAGR of 35.8% during the forecast period (2024-2031).

The global flexible display market is highly competitive and characterized by the presence of several prominent players striving to gain a competitive edge in the industry. These companies focus on technological advancements, product innovation, partnerships, and strategic collaborations to strengthen their market position. key players, along with other participants in the market, engage in fierce competition to gain a larger market share. They invest in research and development, explore new applications for flexible displays, and strive to offer products with improved performance and durability. The competitive landscape of the global flexible display market is driven by innovation, technological advancements, and the ability to cater to the evolving needs of various industries. 'LG Display Co., Ltd. ', 'Samsung Electronics ', 'Innolux Corp. ', 'AU Optronics Corp. ', 'Japan Display Inc. ', 'BOE Technology Group Co., Ltd. ', 'Sharp Corp. ', 'Visionox Corporation ', 'Corning Incorporated ', 'FlexEnable Limited ', 'Kateeva ', 'Cambrios Technologies Corp. ', 'Royole Corporation'

Foldable smartphones gained significant traction in 2022, driving the demand for flexible displays. Companies like Samsung, Huawei, and Motorola introduced foldable phone models with flexible displays, offering users the ability to switch between a phone and a tablet-like form factor. The demand for these innovative devices propelled the growth of the flexible display market as smartphone manufacturers sought to incorporate flexible display technology into their products.

Advancements in Foldable Display Technology: there were notable advancements in foldable display technology. Manufacturers introduced improved foldable designs with enhanced durability, reduced crease lines, and better display quality. These technological advancements aimed to overcome previous limitations and offer users a seamless and immersive experience with foldable devices. The trend of continuous innovation in foldable display technology contributed to the market's growth and attracted consumer interest.

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Flexible Display Market Size, Share, Growth Analysis, By Technology (OLED Display, E-paper Display), By Panel Size (Up to 6”, 6-20”), By Substrate Material (Glass, Plastic), By Region - Industry Forecast 2024-2031

Flexible Display Market Regional Insights

Flexible Display Market Report Snapshots

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