Market Synopsis:
Display technology has transformed from traditional cathode ray tube (CRT) displays to flexible displays. Flexible displays are thin, lighter in weight, rugged, have a high resolution and can be easily folded or rolled without any alteration. This serves new opportunities for the display manufacturers to bring new display features in various applications such as mobiles, laptops, wearabels, digital signage and display panels of vehicles. The technology uses active-matrix display such as thin film transistor (TFT) which is bult on a plastic substrate. The technology used for flexible displays are Liquid crystal display (LCD), Organic light emitting diode (OLED) and Electronic paper display (EPD).
Increasing demand for electronic products and advancements in display technology are driving the growth of Flexible Display Technology Market. The demand for smartphones and wearble devices is increasing among the youths. The manufacturers are constantly trying to build flexible displays for smartphones and other devices to augment customer satisfaction. According to Samsung, the global market revenue for flexible display will grow by CAGR 83.5% and reach US $ 339 million by 2013. Also, the demand for connected and autonomous vehicles are growing which require display for navigation and infotainment services. Furthermore, with the advent of smart city concept, digital signage systems are being widely adopted for advertising, map displays and other purposes. This is expected to elevate the demand for flexible display technology. However, complex manufacturing process of flexible displays is one of the major factor hampering the market growth.
The global flexible display technology market is expected to generate a market value of USD 15 billion by 2023 growing at a CAGR of ~ 35%.
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Key Players
The prominent players in the market of flexible display technology are Samsung (South Korea), LG Display Co., Ltd (South Korea), Sony Corporation (Japan), Atmel Corporation (US), Kent Displays Inc. (US), Universal Display Corporation (US), Novaled AG (Germany), Dupont Display (US), Corning Inc. (US) and Philips Electronics (Netherlands).
Other players include Materion Corporation (US), AU Optronics Corporation (Taiwan), E Ink Holdings Inc. (Taiwan), Innolux Corporation (Taiwan), and Visionox Company (China) among others.
Global Flexible Display Technology Market: Segmental Analysis
Segmental analysis of the market has been conducted based on technology, display type, material, end-user, application and display size.
On the basis of technology, the market has been segmented into organic light emitting diode (OLED), liquid crystal display (LCD), quantum dot and electronic paper display. On the basis of display type, the market is segmented into foldable, rollable and bendable. Based on material, the market has been segmented into glass-reinforced plastic (GRP), glass and polymer. Based on end-user, the market is segmented into aerospace, automotive, transportation, retail, government, utilities and others. Based on application, the market has been segmented into tablet, smartcard, wearable displays, e-reader, smartphones, electronic shelf label, laptop, digital signage, TV and others. On the basis of size, the market has been segmented into above 30’’, 6 – 30’’, and up to 6’’.
Global Flexible Display Technology Market: Regional Analysis
The market has been covered across North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Latin America. The flexible display technology market in North America is projected to witness a healthy growth during the forecast period. The display technology sector has witnessed significant growth in countries such as Canada, the U.S. and Mexico. Several leading display technology manufacturers are based in North America, which puts the region in a favourable position. Moreover, presence of a massive electronics market, makes North America an attractive investment destination for market players. Display-based consumer electronics products such as mobile phones and laptops are witnessing a strong penetration the region. Manufacturers are investing heavily in R&D to drive innovation. Electronic companies are focusing on flexible display technologies as it is viewed as the next frontier for innovation in display. APAC is another high-growth, which is increasingly being explored by market players. The untapped markets in the region remain an attractive prospect for electronics companies, this in turn is expected to reflect favourably on the APAC flexible display technology market.
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Intended Audience:
- Associations, Organizations, Forums, And Alliances
- Government Bodies and Departments
- Original Equipment Manufacturers
- Display Material Providers
- Original Device Manufacturers
- Technical Universities
- Service Providers
- Research and Development Companies
- Market Research and Consulting Firms
- Technology Standards Organizations
- Technology Investors
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