Flexible Display Market Trends

One of the key factors that led to the adoption of connected and innovative display solutions in the consumer electronics sector is the rising trend for smarter homes and buildings and the increasing demand for connectivity technologies. The speed of the replacement cycle of new consumer electronics has been increased by the integration of intelligent sensors into electronic products. Displays are increasingly used to control and communicate with machines. 

The need for flexible display is increasing exponentially as a result of the rapid adoption of advanced display technologies. Compared to traditional CRT technologies, the technological advancement of these displays provides increased contrast, greater resolution, and lower energy consumption. The creation and introduction of new products with premium features and attractive designs has been driven by an increased level of market competitiveness.  

The development cost for the flexible display is higher as it requires technologically advanced materials. The production of flexible screens is a complex process with multiple stages. Flexible display technology must match the performance of rigid display technologies currently used for this market. Thus, these factors are hindering the global flexible display market growth. 

Flexible displays offer unique advantages, such as bendability and lightweight designs, their durability and longevity compared to traditional rigid displays remained a concern in 2022. Manufacturers and researchers focused on addressing these challenges to enhance the durability and lifespan of flexible displays. The bending and folding mechanisms in devices such as smartphones and wearables can result in mechanical wear, creating vulnerabilities in the display and associated components.