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Global Flexible Display Market to Reach USD 235.62 Billion by 2032

Global Flexible Display Market Size Study, by Type (LCD, OLED, EPD, Others), by Material Type (Glass, Plastic, Metal), by Application (Smartphone, Smartwatch, Wearable (Excluding Smartwatches), TV, E-reader, Automotive & Transportation, Others) and Regional Forecasts 2022-2032

Product Code: EESC-23343972
Publish Date: 10-08-2024
Page: 200

The Global Flexible Display Market is valued at approximately USD 16.14 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 34.7% over the forecast period 2024-2032. Flexible displays, which are innovative electronic visual interfaces capable of bending, folding, or curving without compromising functionality, aim to revolutionize traditional display technologies by offering versatility in form factor and design. These displays are lightweight, durable, and enable the creation of unique and adaptable devices, such as foldable smartphones, rollable tablets, and curved TVs. The primary goal is to enhance user experiences by providing more immersive and flexible display solutions, thus allowing for increased portability and improved aesthetics in various electronic devices.
The flexible display market is driven by the escalating demand for smartphones, wearables, and other portable electronic devices with unconventional designs. The growing trend toward flexible and foldable display technologies is fostering innovations in consumer electronics, as manufacturers explore applications in automotive displays, smart wearable devices, and flexible e-readers. Advancements in organic light-emitting diode (OLED) technology contribute significantly to improved flexibility, resolution, and energy efficiency, thereby fueling the market’s growth. Additionally, the expanding adoption of flexible displays in emerging technologies, such as augmented reality (AR) and virtual reality (VR), presents a promising avenue for market expansion. A primary driver in the flexible display market is the rising demand for innovative consumer electronics. Consumers increasingly seek devices with unique and adaptable designs, leading to the widespread adoption of flexible displays in smartphones, smartwatches, and tablets. The ability of these displays to bend and curve not only enhances the aesthetic appeal of electronic devices but also provides manufacturers with opportunities to differentiate their products in a competitive market. As the consumer electronics landscape continues to evolve, the demand for flexible displays is set to surge, driven by the desire for cutting-edge and visually appealing devices.
In addition, technological advancements in display technologies, particularly in OLED technology, serve as another key driver for the flexible display market. OLEDs offer superior flexibility, allowing for the creation of displays that can be curved, folded, or rolled without sacrificing image quality. These advancements contribute to thinner and lighter displays with vibrant colors and improved energy efficiency. As manufacturers invest in research and development to further enhance the flexibility, durability, and performance of flexible displays, these technological strides propel the market forward. The continuous evolution of display technologies remains a pivotal driver, shaping the landscape of the flexible display market.
Asia Pacific accounts for the majority of the market value share and is expected to expand at a CAGR of over 25% during the forecast period. The regional growth is attributed to the rising demand for compact and lightweight electronic devices. The proliferation of smartphones and increasing adoption of advanced technologies, such as 3D displays and augmented reality, are expected to have a positive impact on regional market growth. The presence of a large number of consumer electronics manufacturers and a substantial customer base also support regional demand for flexible displays. Countries such as Japan, South Korea, China, and India are leaders in the development of flexible displays, with China being the largest manufacturer of flexible OLED screens worldwide. For instance, the Chengdu factory in China manufactures more than 70 million sheets of flexible phone screens every year. North America accounted for more than 20% of the overall revenue share in 2023, witnessing healthy growth due to the rising demand for energy-efficient devices. Europe is expected to experience substantial growth in the forthcoming years due to the significant demand for flexible displays from the automotive industry.
Major market players included in this report are:
LG Display Co. Ltd
Samsung Electronics Co Ltd
ROYOLE Corporation
e-ink Holdings
BOE Technology Group Co. Ltd
Guangzhou Oed Technologies Co. Ltd
FlexEnable Limited
Chunghwa Picture Tubes Ltd
Huawei Technologies Co. Ltd
Sharp Corporation
Plastic Logic
Innolux Corporation
AU Optronics Corp.
TCL Electronics Holdings Limited
Microtips Technology
The detailed segments and sub-segment of the market are explained below:
By Type:
• LCD
• OLED
• EPD
• Others
By Material Type:
• Glass
• Plastic
• Metal
By Application:
• Smartphone
• Smartwatch
• Wearable (Excluding Smartwatches)
• TV
• E-reader
• Automotive & Transportation
• Others
By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• RoLA
• Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

Chapter 1. Global Flexible Display Market Executive Summary
1.1. Global Flexible Display Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Type
1.3.2. By Material Type
1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Flexible Display Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Flexible Display Market Dynamics
3.1. Market Drivers
3.1.1. Rising Demand for Innovative Consumer Electronics
3.1.2. Technological Advancements in OLED Technology
3.1.3. Increasing Adoption in Emerging Technologies (AR & VR)
3.2. Market Challenges
3.2.1. High Costs Associated with Production
3.2.2. Technical Complexities in Manufacturing
3.3. Market Opportunities
3.3.1. Expansion in Automotive Displays
3.3.2. Development of Smart Wearable Devices
3.3.3. Integration in Augmented Reality and Virtual Reality Applications

Chapter 4. Global Flexible Display Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Flexible Display Market Size & Forecasts by Type 2022-2032
5.1. Segment Dashboard
5.2. Global Flexible Display Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.2.1. LCD
5.2.2. OLED
5.2.3. EPD
5.2.4. Others

Chapter 6. Global Flexible Display Market Size & Forecasts by Material Type 2022-2032
6.1. Segment Dashboard
6.2. Global Flexible Display Market: Material Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.2.1. Glass
6.2.2. Plastic
6.2.3. Metal

Chapter 7. Global Flexible Display Market Size & Forecasts by Application 2022-2032
7.1. Segment Dashboard
7.2. Global Flexible Display Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.2.1. Smartphone
7.2.2. Smartwatch
7.2.3. Wearable (Excluding Smartwatches)
7.2.4. TV
7.2.5. E-reader
7.2.6. Automotive & Transportation
7.2.7. Others

Chapter 8. Global Flexible Display Market Size & Forecasts by Region 2022-2032
8.1. North America Flexible Display Market
8.1.1. U.S. Flexible Display Market
8.1.1.1. Type breakdown size & forecasts, 2022-2032
8.1.1.2. Material Type breakdown size & forecasts, 2022-2032
8.1.1.3. Application breakdown size & forecasts, 2022-2032
8.1.2. Canada Flexible Display Market
8.2. Europe Flexible Display Market
8.2.1. UK Flexible Display Market
8.2.2. Germany Flexible Display Market
8.2.3. France Flexible Display Market
8.2.4. Spain Flexible Display Market
8.2.5. Italy Flexible Display Market
8.2.6. Rest of Europe Flexible Display Market
8.3. Asia-Pacific Flexible Display Market
8.3.1. China Flexible Display Market
8.3.2. India Flexible Display Market
8.3.3. Japan Flexible Display Market
8.3.4. Australia Flexible Display Market
8.3.5. South Korea Flexible Display Market
8.3.6. Rest of Asia Pacific Flexible Display Market
8.4. Latin America Flexible Display Market
8.4.1. Brazil Flexible Display Market
8.4.2. Mexico Flexible Display Market
8.4.3. Rest of Latin America Flexible Display Market
8.5. Middle East & Africa Flexible Display Market
8.5.1. Saudi Arabia Flexible Display Market
8.5.2. South Africa Flexible Display Market
8.5.3. Rest of Middle East & Africa Flexible Display Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. LG Display Co. Ltd
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Samsung Electronics Co Ltd
9.3.3. ROYOLE Corporation
9.3.4. e-ink Holdings
9.3.5. BOE Technology Group Co. Ltd
9.3.6. Guangzhou Oed Technologies Co. Ltd
9.3.7. FlexEnable Limited
9.3.8. Chunghwa Picture Tubes Ltd
9.3.9. Huawei Technologies Co. Ltd
9.3.10. Sharp Corporation
9.3.11. Plastic Logic
9.3.12. Innolux Corporation
9.3.13. AU Optronics Corp.
9.3.14. TCL Electronics Holdings Limited
9.3.15. Microtips Technology

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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