Global Flexible Display Market Report and Forecast 2024-2032

Global Flexible Display Market Outlook

The global flexible display market attained a value of more than USD 18.71 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 23.6% to reach over USD 135.5 billion by 2032.

Growing Consumer Electronics Industry to Augment the Flexible Display Industry Growth

The flexible display industry is being driven by the expanding consumer electronics sector and the growing advancements in technology, such as the development of 3D displays that do not require special viewing glasses.

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The increasing use of flexible display in several digital solutions such as smartphones and tablets, smart wearables, televisions, laptops, and other electronic devices is expected to bolster the market growth. The beneficial properties of flexible display such as its thin and lightweight composition, minimised propensity for breakage, along with an improved imaging quality have enhanced its demand in the production of these devices.

The Asia Pacific to Provide Significant Growth Opportunities to the Flexible Display Industry

Geographically, the Asia Pacific is expected to be one of the fastest growing regions during the forecast period, driven by the increasing use of technology among consumers, especially in countries like India, China, and Japan. Also, China is one of the leading manufacturers of flexible display in the region, which is estimated to positively impact the industry growth.

Flexible Display: Market Segmentation

Flexible display refers to an electronic visual display, which is flexible in nature. It is widely used in electronic devices like mobile phones, e-readers, laptops, and others.  These screens can be rolled up very easily without distorting the screen or text.

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The major types of flexible display are:

• OLED
• LCD
• EPD (Electronic Paper Display)
• Others

The market can be broadly categorised, on the basis of substrate material, into:

• Glass
• Plastic
• Others

On the basis of application, the market can be categorised into:

• Smartphones and Tablets
• Smart Wearables
• Televisions and Digital Signage Systems
• Personal Computers and Laptops
• Others

The EMR report looks into the regional markets of flexible display like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rapid Digitalisation Worldwide to Significantly Contribute Towards the Flexible Display Industry Growth

The growing use of electronic devices such as PCs and smartphones around the globe, fuelled by the rapid digitalisation, is one of the major factors driving the growth of the flexible display industry. This can be attributed to the favourable properties of flexible displays. For instance, flexible displays are portable, thin, and lightweight. Also, they do not need a separate external light source in order to display an image. In addition, flexible displays incorporate an unbreakable and glass-free active-matrix display, which is a unique selling point for consumers. Moreover, advances in flexible electronics are leading to the development of flexible components such as flexible displays and sensors, which provides creative freedom to developers. They can be made using different materials like glass, plastic, and others and come in different varieties. For instance, OLED lights are very efficient because they are a self-emitting light source and are very flexible in nature. Additionally, the rapid technological advancements and the growing innovations to develop flexible displays are expected to bode well for the industry growth in the coming years.

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Key Industry Players in the Global Flexible Display Market

The report presents a detailed analysis of the following key players in the global flexible display market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• LG Display Co., Ltd.
• Samsung Electronics Co. Ltd
• Huawei Technologies Co. Ltd.
• Innolux Corporation
• Royole Corporation
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report