Flexible display are conformal and flexible electronic visual displays. Flexible displays are majorly used in various consumer electronics such as e-readers, mobile phones, and other electronics. Flexible displays are lightweight, thin, and consume lesser power owing to which they are been adopted in wide variety of applications. Flexible displays are better alternatives to conventional flat screen displays used in most electronics devices.
Increasing demand for thin and flexible displays in consumer electronics such as portable and wearable devices is a major factor driving growth of global flexible display market. In addition, increasing application in smartphones, laptops, tablets, and watches are further expected to drive growth of the global flexible display market. Major players and governments across the world are investing in R&D and technological advancement of display technology which is further fueling growth of the global flexible display market. Moreover, product innovation in making eco-friendly and lighter devices is expected to propel demand for flexible displays in the global market over the forecast period.
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Major factors such as high cost and complex manufacturing process are hampering growth of the global flexible display market. In addition, the display comprises of plastic thereby limiting color palettes offering as compared to glass displays is a challenge which is expected to hamper growth of the global flexible market.
Easy availability of raw material owing to growth in polymer industry and extensive research and development in this field are some additional factors expected to boost demand for flexible displays over the forecast period. Emerging application in military equipment and digital signage are expected to create lucrative opportunities for major as well as new players during the forecast period.
The global flexible display market is segmented on the basis of components, display technology, display manufacturing technology, application, and region. On the basis of region, the global flexible display market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific dominates the global flexible display market and is expected to account for highest CAGR during the forecast period. This growth is attributed to presence of major vendors and increasing demand for consumer electronics such as television and smartphones in countries such as India, China, Thailand. The market is North America is expected to witness significant growth and is expected to register a CAGR of XX.X% during the forecast period; whereas the market is Europe is expected to witness moderate growth during the next 10 years.
Key players in the global flexible display market are DuPont Display, Atmel Corporation, HP Company, Panasonic Corporation, Samsung Electronics Co. Ltd., Philips Electronics, LG Display Co Ltd., Sharp Corporation, Sony Corporation, and Materion Corporation.
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