Global Foldable Display Market: Introduction
The global foldable display market is characterized by its constantly changing dynamics. The advancement in technologies and product upgradation have been supporting the market over the last few years and are expected to continue doing so in the near future.
This research report presents a thorough evaluation of the global foldable display market with the help of quantitative and qualitative assessment techniques. It has assessed the market’s performance over the period from 2018 to 2026 on the basis of the prominent trends and market dynamics. It also offers precise analyses of the main segments and each of the regional foldable display markets across the world.
Global Foldable Display Market: Notable Developments
- BOE recently announced its plan to roll out a new manufacturing facility for fourth-gen OLED in Fujian. With this new facility, the production capacity for flexible OLED of BOE will increase to around 192,000 units per month.
- At CES 2019, Samsung introduced its new foldable smartphone, which has a 7.3-inch bendable screen.
The business landscape in the global foldable display market consists of product developers and component suppliers, both. Samsung, Royole Corp., LG Display, BOE, Tianma, and Semiconductor Energy Laboratory are some of the key players operating in this market. The leading companies are concentrating on integrating foldable displays into their laptops and smartphones and are competing to introduce their products in the market earlier than others. Since there are only a few players present in this market, the chances for becoming the market leader is quite high. Going further, Leading manufacturers of foldable displays are likely to invest heavily in R&D. They are also expected to collaborate with component suppliers to develop state-of-art laptops and smartphones.
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Global Foldable Display Market Dynamics
Continuous transformation and upgradation in display technology utilized in tablets, smartphones, and smart devices have created a new revenue stream for foldable display manufacturers. The increased awareness among consumers regarding the latest technologies in developed economies is fueling the demand for such product. The business strategies of manufacturers providing innovative offerings is another factor that is boosting this market’s growth. However, the high cost associated with foldable display technology may create obstacles in the growth trajectory of this market in the near future. Nonetheless, advancements in OLED display technology will balance the effect of this hindrance.
Asia Pacific to Remain Market Leader
Although the foldable display market reports its presence across the world, it is Asia Pacific, which has acquired the leading position. The Asia Pacific foldable display market is witnessing a significant rise in comparison with other markets. The continuous smart device rollout events and incessant efforts by the Asian manufacturers, such as Samsung, Xiaomi, and Huawei, for technological developments are aiding this regional market. Moreover, the presence of various leading display manufacturers in Asia Pacific has opened a window of new opportunities.
Going forward, the increasing penetration of manufacturing companies in Asia Pacific, owing to low operational costs and the availability of raw materials and components at low rates, will boost this market in the years to come.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.