Market Synopsis:
A tremendous rate of technological transformation has taken place in displays over the years. The display industry is on course to take yet another leap of faith with flexible display technology. Market Research Future (MRFR) projects that the global Flexible Display Technology Market will witness a healthy growth over the next couple of years. Flexible display is expected to witness a strong growth in the forthcoming years.
Flexible displays are far more superior as compared to conventional displays. Flexible displays are ultra-thin, and light weight, which makes them a sought-after component. They also allow consumer electronics manufacturers to further optimise their products. Flexible displays are witnessing a rapid adoption in devices such as laptops, digital signage, mobiles, display panels of vehicles and wearabels. Factors such as growing miniaturization trend, touch-screen control, and display integration in electronics are fuelling the demand for flexible display technology.
Growing preference for display based electronic products and consistent innovation in display technology are two most important factors fuelling the growth of the market. Moreover, increasing number of smartphone users and smart watch users is also making positive impact on the market. Nonetheless, flexible display manufacture is complex and a certain degree of expertise in display technology.
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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%.
Flexible display technology Market Segmentation
The Flexible display technology Market has been segmented on the basis of technology, application, component, material, end-user and region. Looking through the technology segment it has been observed that Organic light emitting diode (OLED) has shown a substantial increase in Flexible display technology market. Considering the applications of flexible display technology the smartphone and smart watches applications are extensively adopting the flexible display technology.
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.
Market Research Analysis:
Market Research Future Analysis shows that there are many companies like Samsung and LG Electronics have adopted flexible display technology. The major benefits of flexible display technology lightweight, flexible, brighter, less power consumption and others. These factors would definitely increase the flexible display technology market very soon.
On geographic basis, Flexible display technology market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the flexible display technology market. Many companies like Samsung Display, LG Display Co. Ltd. are the major contributors to the flexible display technology in the Asia-Pacific region. Study shows that European region has a positive growth in the flexible display technology market.
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TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
Continued…
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