Global Flexible Display Market Size By Technology [OLED, LED, Quantum dots, LCD, EPD], By Type [Glass, Plastic, Metal], By Application [Automotive, Smartphone, Smartwatch, Wearable, PC Monitor, Television, E-reader, Digital Signage, Electronic Shelf Label], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2020-2027

Market Overview

Global Flexible Display Market was registered at around USD 3.5 billion in 2018 and it is expected to grow over a CAGR of 35% during the forecasted period of 2020-27 due to the increasing demand for electronic gadgets with flexible displays. 

Flexible display refers to an electronic visual display that is flexible. Flexible displays are used in Smartphones, Smartwatches, TV, etc, Increasing demand for electronic gadgets with aesthetic displays have propelled the flexible display market to grow. Many manufacturers invest heavily in designing displays with light weights and portable features to satisfy consumer needs.

The flexible display offers various features such as non-fragility, portability, light weighing, and low energy consuming devices. These features combined with advanced technology such as high definition and high performance have created huge demand in the market. Consumers are constantly looking to upgrade their smart devices with the latest features. This increasing consumer demand for flexible devices has created opportunities for major consumer electronics manufacturers.

High capital investment and complex manufacturing processes are the major factors hindering the growth of the flexible display market globally.

Market Segmentation

Global Flexible Display Market can be segmented into Technology, Type, Application, and Region. 

By Technology, Global Flexible Display Market can be segmented into OLED, LED, Quantum dots, LCD and EPD. OLED segment is holding the largest market share and it is expected to grow significantly during the forecasted period of 2020-27. OLEDs are highly used in smartphones. The high degree of flexibility and low consumption of energy features have created the demand for the OLED market.  

By Type, Global Flexible Display Market can be divided into Glass, Plastic and Metal. The plastic segment holds the largest market share and it is expected to grow significantly during the forecasted period of 2020-27. It is due to its flexible properties, Plastics are widely used in consumer electronic devices.

By Application, Global Flexible Display Market can be segmented into Automotive, Smartphone, Smartwatch, Wearable, PC Monitor, Television, E-reader, Digital Signage, Electronic Shelf Label. The smartphone segment holds the largest market share and it is expected to grow significantly during the forecasted period of 2020-27. The use of flexible displays in smartphones has enhanced the durability, style, and designs of mobile phones. It is due to the increasing smartphone users have propelled this segment. The wearable segment is expected to grow highest during the forecasted period of 2020-27.

By Region, Global Flexible Display Market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, Asia Pacific dominates the flexible display market with its largest market share. It is expected to grow significantly during the forecasted period 2020-27. Asian countries like China, South Korea, India, Japan are leaders in producing flexible displays. China is the major producer of OLED screens in the region. Growing demand for consumer electronics has created a demand for the flexible display market in this region.

North America flexible display market is expected to grow significantly during the forecasted period of 2020-2027. Increasing demand for energy-efficient devices has propelled the growth of flexible displays in this region. Moreover, electronic giants like Apple are located in this region and have induced the market to grow significantly.

Competitor Analysis

The major key players in Global flexible market are Apple, BOE Technology Group Co., Innolux Corp., Corning Incorporated, E Ink Holdings, Inc., AU Optronics Corp., Japan Display Inc., Royole, LG Display Co., and Samsung Electronics.