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).

Who are the key vendors in the Global Flexible Display Market?

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. 'Samsung Display Co., Ltd. (South Korea)', 'LG Display Co., Ltd. (South Korea)', 'BOE Technology Group Co., Ltd. (China)', 'AU Optronics Corp. (Taiwan)', 'Japan Display Inc. (Japan)', 'Innolux Corporation (Taiwan)', 'Tianma Microelectronics Co., Ltd. (China)', 'Truly International Holdings Ltd. (Hong Kong)', 'Sharp Corporation (Japan)', 'E Ink Holdings Inc. (Taiwan)', 'Visionox Co., Ltd. (China)', 'EverDisplay Optronics Ltd. (China)', 'Truly Semiconductors Ltd. (Hong Kong)', 'Royole Corporation (China)', 'Chunghwa Picture Tubes Ltd. (Taiwan)', 'CPT Technology (Group) Co., Ltd. (China)', 'Novaled GmbH (Germany)', 'Universal Display Corporation (US)', 'Cambridge Display Technology Ltd. (UK)', 'Plastic Logic Germany GmbH (Germany)'

What is the key driver of Global Flexible Display Market?

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.

What is the key market trend for Global Flexible Display Market?

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.

Which region accounted for the largest share in Flexible Display Market?

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.

Flexible Display Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to flexible display market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Flexible Display Market News

In September 2023, LG announced that it will enter the foldable laptop market with the launch of the LG Gram Fold Laptop. The wiper has a touchscreen display that can be used as a tablet or computer when fully unlocked.
In February 2022, BOE announced the development of OLED flexible 'N' shaped folding display technology support that can accommodate internal and external fibers.
In January 2021, TCL CSOT introduced two simple displays: a 17-inch Printed OLED Display and a 6.7-inch AMOLED Rollable Display. These products are part of TCL CSOT’s range of touch modules and display panels, which are used in a variety of applications, such as interactive whiteboards, sports monitors, vehicle displays and video walls.

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Flexible Display Market size was valued at USD 17.93 Billion in 2023 and is poised to grow from USD 24.35 Billion in 2024 to USD 281.55 Billion by 2032, growing at a CAGR of 35.8% during the forecast period (2025-2032).

The competitive landscape of the global flexible display industry is shaped by leading companies that prioritize innovation, strategic communication and high R&D investments. Samsung Display Co., Ltd., LG Display Co., Ltd. Companies like these dominate the market with their advanced OLED and AMOLED technologies, and catering to applications in smartphones, car displays and wearables. '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'

Increasing Demand for Smartphones: One of the major factors driving the market is the increasing demand for smartphones globally. The rising proliferation of smartphones as an essential in the daily life of humans has led to extensive investments by key players to launch better flexible displays with the intent of catering to the changing demands of consumers.

As per the global flexible display market outlook, the North America region is dominating during the forecast period. The region's consumers are strongly interested in the latest technology, including smartphones, tablets, wearable devices, and televisions with advanced features such as flexible displays. The growing trend towards smart homes and connected devices further fuels this demand. As consumers seek more versatile, portable, and high-performance devices, the demand for flexible displays continues to rise, driving market growth. Strong consumer demand for advanced electronic devices in the U.S. drives the flexible display market. Consumers are highly interested in devices with advanced features, such as flexible displays.

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Flexible Display Market Updates

Flexible Display Market News

Flexible Display Market Report Snapshots

FAQs

What is the global market size of Flexible Display Market?

Who are the key vendors in the Flexible Display Market?

What is the key driver of Flexible Display Market?

What is the key market trend for Flexible Display Market?

Which region accounted for the largest share in Flexible Display Market?

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