Published: Nov, 2018
Key players in the global flexible display market are capitalizing their growth by using business development strategies. Leading players are investing in mergers and acquisitions and it is considered one of the key strategy for their growth and expand their geographical reach. These players are also planning to expand their product line by introducing new product. To name some of the prominent players in the global flexible display market are Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Atmel Corporation, Universal Display Corporation, and Panasonic Corporation.
According to the Transparency Market Research, the global flexible display market is expected to rise at a healthy growth rate of 33.5% between 2017 and 2025. Thus, by rising at this rate the market is projected to reach a valuation of US$47.8 bn by the end of 2025 and progressing from US$ 4.5 bn as estimated in 2016.
Based on form factor, the demand in curved display is much higher than compared to other two form factors. The curved display appeals to its users and provides the viewer with optimal visual design while taking panoramic images. The curved display provides undistorted and vivid images. Based on geography, North America leads the market due to the presence of prominent manufacturers in the region. On the other hand, Asia Pacific is also expected to rise at 39.3% CAGR, thus making it one of the key region for growth of this market.
Intrinsic Properties to Escalate Demand in for Flexible Display across Globe
The growth of the flexible display market is mostly dependent on the continuous efforts put in by manufacturers in research and development activities. This have introduced innovative and cutting edge technologies that has helped the flexible display to change and grow rapidly. Flexible display has grown from CRT to LCD and LED. Moreover, as compared to conventional and heavy display screen, flexible display are more light in weight, portable, this, and rugged. Thus, by considering the aforementioned factors coupled with growing interest in using advanced technologies are expected to fuel demand in this market.
The flexible display is available in smartphones, tablets, television, laptops, and other various electronic gadgets. As the demand for these electronic gadgets in increasing, it will also trigger the demand in the flexible display market.
Increasing Use of Flexible Display in Military Operations to Boost Market
Spending longer hours and rolling display may affect the quality of the devices and latter damage the device. This could hamper the growth of the flexible display market to a certain extent. In addition to that, high manufacturing cost and complicated manufacturing process are also likely to affect the growth of this market. However, various leading companies such as LG and Samsung are introducing advanced curved display television and smartphones that could drive the demand in this market. In addition, it may help in minimizing the effect of above-mentioned restraints.
Growing use of flexible display in military operations, that in case is being done in Arizona State University’s (ASU). Where Army’s Flexible Display Centre (FDC) has been working on developing flexible display technologies with the aim to improve operational field capabilities of soldiers by using portable applications with large lightweight display for vehicles.
The information presented in this review is based on a TMR report, titled “Flexible Display Market (Form Factor - Curved Display, Bendable and Foldable Display, and Rollable Display; Technology - OLED, EPD, and LCD; Application - Military Equipment, Smartphone, Computer and Peripherals, Wearable Devices, and Television) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
The Global Flexible Display Market has been segmented as presented below:
Global Flexible Display Market by Form Factor
- Curved Display
- Bendable and Foldable Display
- Rollable Display
Global Flexible Display Market by Technology
Global Flexible Display Market by Application
- Military Equipment
- Computer and Peripherals
- Wearable Device
Global Flexible Display Market: Geography
- North America
- Rest Of Europe
- Asia Pacific Excluding Japan
- Rest Of Asia Pacific
- Latin America
- Rest of South America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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