Flexible Display Market Size, Share Global Analysis Report, 2021 – 2026

Industry Insights

[221+ Pages Report] According to a report issued by Facts and Factors, the global flexible displays market was registered at about USD 12.4 billion in 2020 and is expected to reach USD 73 billion by the end of 2026, growing at an approximate CAGR of 34.4% between 2021 and 2026.

Market Overview         

Flexible displays are lightweight, indestructible, and adaptable. Active-matrix displays, such as thin-film transistors on a plastic substrate, are used in this technology. Flexible displays provide numerous advantages such as being bendable, lightweight, shatter-proof, portable, unbreakable, ultra-thin, and consuming minimal energy.

Industry Growth Factors

The flexible display market is being driven by rising consumer electronics usage and a thriving smart wearable devices industry. These displays and lighting panels are being used by device manufacturers to provide flexibility, durability, lightweight structure, and bendability in their products. Mobile phone displays, wearable electronics, TV panels, tablet displays, and notebooks are all using them. Citing an instance, Samsung Display, provides a flexible and unbreakable OLED screen with a clear plastic cover for consumer gadgets, giving the sector a boost. The flexible display industry is being driven by rising demand for energy-efficient and low-power devices. For instance, Apple's iPhone X has an integrated OLED display that demonstrates this characteristic, enhancing gadget longevity and performance. The flexible display market's expansion is being hampered by technical issues with these components. Because OLEDs use chemically reactive electrodes, which deteriorate the layer when they come into touch with moisture, the materials utilized in these devices have been discovered to be sensitive to air or moisture. To address these issues, a thin film encapsulation is placed in OLED panels, such as OLED, which protects devices from damage while also allowing for higher and more flexible image quality.

Segmentation Analysis

The global flexible display market is segregated into type, material type, technology, and application. The types are LCD, OLED, Electronic Paper Display (EPD), and LED. In terms of material type, the market has been classified into glass, plastic, and others. Based on technology, the industry has been bifurcated into emissive, and non-emissive. The application of the market is bifurcated into smartphones & tablets, smart wearables, televisions & digital signage systems, personal computers and laptops, e-reader, vehicles & public transports, and smart home appliances.

Regional Analysis

North America is expected to grow owing to the increasing need for energy-efficient gadgets. Due to the high demand for flexible displays in the automobile industry, Europe is likely to develop significantly in the future years. The Asia-Pacific area is rapidly establishing itself as a critical hub for the development of flexible displays, notably in the consumer electronics sector. Most countries in the region, notably those in East Asia, have had sustained growth mostly due to flexible displays in Japan, China, South Korea, Taiwan, and Singapore.

Report Scope

Competitive Players

Some main participants of the global flexible display market are :

• Atmel Corporation Universal Display Corporation
• AU Optronics Corp.
• BOE Technology Group Co. Ltd.
• Corning Incorporated
• Delta Electronics Inc.
• Dupont Display
• E Ink Holdings Inc.
• FlexEnable Limited
• Hewlett-Packard Company
• Innolux Corp.
• Japan Display Inc.
• Kent Displays Inc.
• LG Display Co. Ltd.
• Koninklijke Philips N.V.
• Materion Corporation
• Nanolumens
• Novaled AG
• Panasonic Corporation
• ROYOLE Corporation
• Samsung Electronics Co. Ltd.
• Sharp Corporation
• Tianma
• Viewpointec
• OSRAM Automotive 

The global flexible display market is segmented as follows:

By Type:

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

By Material Type:

• Glass
• Plastic
• Others

By Technology:

• Emissive
• Non-emissive

By Application:

• Smartphones & Tablets
• Smart Wearables
• Televisions & Digital Signage Systems
• Personal Computers and Laptops
• E-reader
• Vehicles & Public Transports
• Smart Homes Appliances

Flexible Display Market: Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA