Foldable Display Market Global Size, Share, Trends, Business Growth, Sales Revenue, Emerging Technologies and Opportunities with Key Players Analysis 2023
The global foldable display market is witnessing an astounding growth which is recorded at a CAGR of 62%. The market is also anticipated to touch a valuation of USD 1, 549.4 million in the forecast period.
pune, India – September 13, 2019 /MarketersMedia/ —
A foldable display is an electronic display having high flexibility is considered a better version of traditional flat-surface displays. The fascinating part of the foldable display is the technology that can be either rolled-up, twisted, and can be folded like a paper according to its specific use. The technology employed in the foldable display is emerging day by day, which is creating a revolution in the semiconductor industry and electronics industry. The global foldable display market is inflating at a rapid pace as a lot of factors are backing it with an estimation of future expansion.
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The key players with global presence in the foldable display market are identified as Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd (South Korea), BOE Technology Group Co. (China), Applied Materials, Inc. (US), Royole Corporation (China), Semiconductor Energy Laboratory Co., Ltd (Japan), Tianma Microelectronics Co., Ltd (China), C3Nano, Inc. (US), Altenergy Power System, Inc. (US), and Visionox Technology Inc. (US).
Market Drivers & Trends
Among the major factors, the foldable displays’ ability to be resistant to heat and highly flexible is gaining accolades from smartphone manufacturers, rapid advancements in OLED, and AMOLED technologies. The key manufacturers in global foldable device market such as LG Display, Samsung Electronics, Huawei, and Visionox marveled by introducing various specifications on thickness, pixel density, and materials for foldable devices. These factors have tremendously contributed to market growth over the years and are anticipated to reach heights in valuation during the assessment period.
The smooth workflow and the use of polyimide, a polymer used in folded displays, make it robust which, in turn, boosts the market growth. At the same time, the use of thinner displays, ease of usability as well as excellent display adds as a factor for the market to rise during the forecast period. In addition, the integration of flexible displays in the new range of smartwatches has also driven market growth.
The booming OLED technology is currently ruling in all smart devices for which it is now preferred widely than LED due to its superiority in terms of picture quality and color accuracy. Presently, the players/manufacturers are continuously investing in upgrading the display technology to provide cost-effective foldable displays for various applications. These factors are leading and highly contributing to the market growth in the present time. Therefore, with the presence of key players in this ground such as Samsung Electronics, Sony Corporation, and LG Display, the global foldable display market is anticipated to increase its expansion at a rapid pace during the assessment period.
The detailed analysis of the global foldable display market can be segmented by type and application.
In terms of type: It includes LED, OLED, and AMOLED.
In terms of application: It includes smartphone display, tablets and notebook, television, and wearable display.
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Detailed Regional Outlook
For a detailed geographical analysis, the global foldable display market is studied under the critical regions of North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Among these, Asia Pacific has the maximum share of the market due to a high number of displays that are manufactured in this region as well as thriving consumer electronics market in prime countries like China, South Korea, Taiwan, and Japan. Most of the displays manufacturers in this region are LG Displays and Samsung Electronics. Apart from this, the increased ownership of smartphone and high demand for new and advanced smartphones displays also helped in boosting the foldable display market in the APAC region. China, South Korea, Taiwan, and Japan are also the prime exporters of foldable displays across the world.
North America assumes for the second spot in the market with the support of intensifying use of flexible displays in smartphones as well as television displays.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
LIST OF TABLES
Table 1 Global Foldable Display Market, By Type, 2019–2024
Table 2 Global Foldable Display Market, By Application, 2019–2024
Table 3 Global Foldable Display Market, By Region, 2019–2024
3 Research Methodology
LIST OF FIGURES
FIGURE 1 Global Foldable Display Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Foldable Display Market
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