Global Flexible Display Market Size, Trends & Growth Opportunity By components (Substrate, Organic Material, Conductive Layer, Backlight Panel), By Application (Television, Smart Phone, E-reader, Tablet, and Laptop), by technology (Display Technology, Dis

Global Flexible Display Market Size, Trends, and Growth Opportunity By components (Substrate, Organic Material, Conductive Layer, Backlight Panel), By Application (Television, Smart Phone, E-reader, Tablet, and Laptop), by technology (Display Technology, Display Manufacturing technology), By region and forecast till 2027.

Global Flexible Display Market was

The global flexible display market was valued at USD 7.88 billion in 2021 which is expected to reach USD 19.98 billion by 2027, at a CAGR of 19.1 %from 2022-2027.

Flexible displays, also known as rollable displays, are unbreakable, flexible, and thin by nature. These are classified into E-paper, OLED, LCD, LCOS, flat panel display technology, and plasma display technology. These are lightweight, energy-efficient, shatter-proof, and bendable displays.

Market Drivers

The rise in demand for display-based consumer electronics, combined with consumer preference for energy-efficient technology, is expected to drive the global flexible display market's growth. Furthermore, rising technological advancements in the field of display technologies will boost market growth. For example, in October 2019, Samsung launched a new foldable flexible display screen with an OLED panel in India. Furthermore, the rapid growth of the smart wearable market will drive the demand for flexible displays in the near future. Furthermore, massive investment in capacity expansion to meet demand. For example, in 2019, LG Display invested approximately $970 million in a 6th generation flexible OLED display production line.

Market Restraints

However, complex manufacturing processes and high capital investments are expected to limit the global flexible display market's growth.

Market Segmentation

The global flexible display market is segmented into components such as Substrate, Organic Material, Conductive Layer, Backlight Panel, and Others, by technology such as Display Technology (E-Paper, OLED, LCD, and LCOS), and display manufacturing technology (Flat Panel Display Technology, and Plasma Display Technology). Further, market is segmented by application such as Television, Smart Phone, E-reader, Tablet, and Laptop.

Regional Analysis Also, the global flexible display market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific dominated the Flexible Display market. The high demand for smart phones and smart watches observed in this region's countries has proven to be a major driving force for the market's growth. China and India have proven to be promising markets for flexible displays.

Due to rising market demand, the North American region has experienced significant growth. The aerospace industry's extensive use of flexible displays has proven to be a market-stimulating factor. Due to the rapidly growing automotive industries in the region, Europe has also proven to be a potential market for flexible displays.

Market Key Players

Various key players are discussed in this report, such as LG Display Co., Ltd., Corning Incorporated, E Ink Holdings, Inc., Visionox Corporation , Sharp Corp., BOE Technology Group Co., Ltd., Japan Display Inc., AU Optronics Corp., Innolux Corp., and Samsung Electronics.

Market Taxonomy

By Component Substrate Organic Material Conductive Layer Backlight Pane OthersBy Technology Display TechnologyE-PaperOLEDLCDLCOS Display Manufacturing TechnologyFlat Panel Display Technology Plasma Display TechnologyBy Application Television Smart Phone E-reader Tablet LaptopBy Region North America Latin America Europe Asia Pacific Middle East & Africa