Flexible Display Market

Flexible Display Market by Display Types (LCD, OLED, EPD, and Others), Material Types (Glass, Plastic, and Metal), Applications (Smartphone, Smartwatch, Wearable, TV, E-reader, Automotive & Transportation, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: ICT-SE-473
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 125
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The global flexible display market was valued at USD 11.35 billion in 2020 and is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for display-based consumer electronics along with consumers’ inclination toward energy-efficient and flexible gadgets.

Flexible Display Market Key Takeaways

A flexible display is flexible by nature. Consumer electronics manufacturers are increasingly applying this display technology in mobile phones, e-readers, and other consumer electronics. The technological innovations in the display industry leads to portability, quality in interconnectivity and screen size, user-friendliness, and power saving products in various consumer electronic gadgets. Introduction of state-of-the-art flexible display is a key example of the recent technological advancements in the field of display technologies. Flexible displays offer superior features such as portability, non-fragility, and lightweight, which allow the technology to be used for various applications in the manufacturing of consumer electronics gadgets.

Manufacturers are heavily investing on the expansion of their production capacities to cater the growing demand globally. For instance, in 2016, LG Display announced its investment of KRW 970 million in a 6th Generation flexible OLED display production line. The increasing adoption of organic light emitting diode (OLED) - based flexible displays is expected to help rapid growth of the display technology owing to the rise in high-definition content and high-performance applications. Additionally, several automotive manufacturers are focusing on integrating flexible displays in the production of automotive interiors. For example, in May 2019, Audi AG and Samsung Corporation collaborated into a strategic partnership to promote the Audi Prologue A9 Prototype, a concept car by Audi AG. The car is anticipated to have a flexible, high-resolution Samsung OLED display near its gear stick, which helps to control the vehicle settings.

Market Drivers, Restraints, Trends, and Opportunities

  • Rapid growth of smart wearable market along with the increasing adoption of flexible displays in healthcare and automotive sectors are propelling the demand for flexible display technology, thus boosting the market during the forecast period.
  • Increasing application of OLED-based devices in mobile phones, VR headsets, laptops, tablets, digital cameras, and TVs is expected to boost the growth of the flexible display market during the forecast period.
  • However, complex manufacturing processes and requirement of high capital investment are major challenges for the market players that are expected to hamper the market growth.
  • Technological advancement that helps in the production of innovative products with advanced features such as energy-efficient, attractive, and highly specified flexible display products is expected to offer lucrative opportunities for the market growth during the forecast period.
  • The COVID-19 pandemic has adversely affected the market, disrupted the global supply chain for the manufacturing units of the overall electronic industry including phone and display production. Decline of smartphones sale across the globe is projected to hinder the market expansion.

Scope of the Report

The report on the global flexible display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Flexible Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Display Types (LCD, OLED, EPD, and Others), Material Types (Glass, Plastic, and Metal), and Applications (Smartphone, Smartwatch, Wearable, TV, E-reader, Automotive & Transportation, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

BOE Technology Group Co., Ltd., Corning Incorporate, Innolux Corp., AU Optronics Corp., E Ink Holdings, Inc., Japan Display Inc., LG Display Co., Ltd., Royole Corporation, and Samsung Electronics Co., Ltd.


Global Flexible Display Market Segment Insights

OLED segment expected to represent a considerable share
On the basis of display types, the market is categorized into LCD, OLED, EPD, and others. The OLED segment is expected to represent a considerable market share during the forecast period. OLED based flexible displays offer high flexibility and consume less energy and has a wide range of applications in the production of various consumer electronic items including smartphones. Additionally, they can be produced with sleek in design and are lightweight as compared to LCDs because they do not need backlight or filters. On the other hand, the electronic paper display (EPD) segment is projected to register a healthy CAGR during the forecast period. The increasing adoption of flexible display-based e-readers is boosting the growth of the EPD segment.

Plastic segment projected to constitute a large market share
Based on material types, the global flexible display market is segmented into glass, plastic, and metal. The plastic segment is projected to constitute a market share of more than 20.5% during the forecast period. The segment growth can be attributed to the superior features offered by plastic in term of size, weight, and robustness as compared to other materials such as glass. However, the glass segment is anticipated to exhibit a substantial CAGR during the forecast period. Glass substrates are more resistant to water vapor and other gases as compared to plastic substrates, which is a key factor for boosting the demand for glass material from manufacturers. They are more durable than plastic substrates. Companies are focusing on developing a durable glass substrate as plastic is prone to creasing, starching, and losing color over time.

Smartphone segment expected to account for a significant share
On the basis of applications, the market is bifurcated into smartphone, smartwatch, wearable, TV, e-reader, automotive & transportation, and others. The smartphone segment is expected to account for a significant market share during the forecast period. Rising use of smartphone among a large number of consumers for several applications and production of innovative phones with advanced features especially camera and others sensors are key factors boosting the segment. On the other hand, the automotive & transportation segment is expected to register an impressive CAGR during the forecast period owing to the integration of innovative state-of-the-art display technologies in the production of vehicle interiors to enhance user experience.

Flexible Display Market By Applications

Asia Pacific is projected to acquire a large market share
In terms of regions, the global flexible display market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is projected to represent a large market share and expand at a CAGR of more than 24% during the forecast period. The rising demand for compact and light-weight electronic devices among consumers due to rising disposable income and changing lifestyle are driving the regional market growth. The presence of large number of key global manufacturers and the existing large consumer base in the region is another key driver for the regional market growth. Countries such as South Korea, Japan, China and India are the leaders in the development of flexible displays. On the other hand, North America is expected to account for a market share of more than 15.5% during the forecast period. The rising demand for energy-efficient electronic devices due to the presence of large number of population who are aware of energy conservation is anticipated to boost the regional market growth.

 Flexible Display Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flexible Display Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Flexible Display Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Flexible Display Market - Supply Chain
  4.5. Global Flexible Display Market Forecast
     4.5.1. Flexible Display Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Flexible Display Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Flexible Display Market Absolute $ Opportunity
5. Global Flexible Display Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Flexible Display Market Size and Volume Forecast by Applications
     5.3.1. Smartphone
     5.3.2. Smartwatch
     5.3.3. Wearable
     5.3.4. TV
     5.3.5. E-reader
     5.3.6. Automotive & Transportation
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Flexible Display Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Flexible Display Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Flexible Display Demand Share Forecast, 2019-2026
7. North America Flexible Display Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Flexible Display Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Flexible Display Market Size and Volume Forecast by Applications
     7.4.1. Smartphone
     7.4.2. Smartwatch
     7.4.3. Wearable
     7.4.4. TV
     7.4.5. E-reader
     7.4.6. Automotive & Transportation
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Flexible Display Demand Share Forecast, 2019-2026
8. Latin America Flexible Display Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Flexible Display Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Flexible Display Market Size and Volume Forecast by Applications
     8.4.1. Smartphone
     8.4.2. Smartwatch
     8.4.3. Wearable
     8.4.4. TV
     8.4.5. E-reader
     8.4.6. Automotive & Transportation
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Flexible Display Demand Share Forecast, 2019-2026
9. Europe Flexible Display Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Flexible Display Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Flexible Display Market Size and Volume Forecast by Applications
     9.4.1. Smartphone
     9.4.2. Smartwatch
     9.4.3. Wearable
     9.4.4. TV
     9.4.5. E-reader
     9.4.6. Automotive & Transportation
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Flexible Display Demand Share Forecast, 2019-2026
10. Asia Pacific Flexible Display Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Flexible Display Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Flexible Display Market Size and Volume Forecast by Applications
     10.4.1. Smartphone
     10.4.2. Smartwatch
     10.4.3. Wearable
     10.4.4. TV
     10.4.5. E-reader
     10.4.6. Automotive & Transportation
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Flexible Display Demand Share Forecast, 2019-2026
11. Middle East & Africa Flexible Display Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Flexible Display Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Flexible Display Market Size and Volume Forecast by Applications
     11.4.1. Smartphone
     11.4.2. Smartwatch
     11.4.3. Wearable
     11.4.4. TV
     11.4.5. E-reader
     11.4.6. Automotive & Transportation
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Flexible Display Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Flexible Display Market: Market Share Analysis
  12.2. Flexible Display Distributors and Customers
  12.3. Flexible Display Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. BOE Technology Group Co., Ltd.
     12.4.2. Corning Incorporated
     12.4.3. Innolux Corp.
     12.4.4. AU Optronics Corp.
     12.4.5. E Ink Holdings, Inc.
     12.4.6. Japan Display Inc.
     12.4.7. LG Display Co., Ltd.
     12.4.8. Royole Corporation
     12.4.9. Samsung Electronics Co., Ltd.
Segments Covered in the report
The global flexible display market has been segmented on the basis of

Display Types
  • LCD
  • OLED
  • EPD
  • Others
Material Types
  • Glass
  • Plastic
  • Metal
Applications
  • Smartphone
  • Smartwatch
  • Wearable
  • TV
  • E-reader
  • Automotive & Transportation
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • BOE Technology Group Co., Ltd.
  • Corning Incorporated
  • Innolux Corp.
  • AU Optronics Corp.
  • E Ink Holdings, Inc.
  • Japan Display Inc.
  • LG Display Co., Ltd.
  • Royole Corporation
  • Samsung Electronics Co., Ltd.

Some of the key players in the global flexible display market are BOE Technology Group Co., Ltd., Corning Incorporate, Innolux Corp., AU Optronics Corp., E Ink Holdings, Inc., Japan Display Inc., LG Display Co., Ltd., Royole Corporation, and Samsung Electronics Co., Ltd.

Industry participants are focusing on the development of new product, strategic partnerships, mergers, acquisitions, and improving their production capacity to cater the consumer demand globally. For instance, in October 2018, Royole Corporation announced the launch of FlexPai, which was a foldable device that integrated a flexible display. Additionally, the device can be bent, rolled, and also operated as a smartphone and tablet or both. Companies are heavily investing on developing commercially viable designs for wide range of consumer electronics applications.

 Flexible Display Market By Key Players

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