According to the latest report of the IMARC group, entitled “Global Flexible Displays Market Size, Share, Trends, Growth, Opportunities and Forecast 2022-2027“, the global flexible display market reached a value of US$13.6 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$64.4 billion by 2027, posting a CAGR of 28.70% in 2022-2027.
A flexible screen is a visual output surface that bends and twists without breaking. It is made of polymer compounds that provide high durability and better scratch and impact resistance than solid glass structures. It also eliminates the risk of accidental breakage and can be folded and rolled without distorting the text or image. As a result, flexible displays are widely used in smartphones, smart wearable devices, tablets, televisions (TVs), personal computers (PCs), digital signage systems, laptops, monitors, vehicles and smart home appliances.
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Flexible Display Market Trends and Drivers:
The market is mainly driven by the growing use of flexible displays in consumer electronics. Also, the increasing adoption of Organic Light Emitting Diode (OLED) due to its simplified design, limited flexibility, and better image quality than Light Emitting Diodes (LEDs) and Liquid Crystal Displays (LCDs) conventional also contributes to the growth of the market.
Moreover, major market players are investing heavily in research and development (R&D) activities to launch advanced product variants.
They also file patents to secure their technology. For example, Sharp Corporation has filed several patents for its flexible displays that can be included in smartphones and gaming devices. This, coupled with the growing popularity of electronic paper displays (EPDs) among e-readers, creates favorable market prospects for worldwide.
Analysis and segmentation of the global flexible screens market 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
AU Optronics Corp., BOE Technology Group Co. Ltd., Corning Incorporated, DuPont de Nemours Inc., E Ink Holdings Inc., Innolux Corporation, Koninklijke Philips NV, LG Electronics Inc., Plastic Logic (FlexEnable Limited), Royole Corporation, Samsung Electronics Co. Ltd., Sharp Corporation and Toshiba Corporation.
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The report has segmented the market based on region, display type, substrate material, and application.
Breakdown by display type:
- Electronic Paper Display (EPD)
Breakdown by substrate material:
Breakdown by application:
- Smartphones and Tablets
- Smart wearables
- Televisions and digital signage systems
- Personal Computers and Laptops
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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