Global Flexible OLED Display Market Share Is Expected To Grow At A CAGR Of 39.5% By 2028

06-Oct-2022 | Facts and Factors

According to Facts and Factors, the global flexible OLED display market size was worth around USD 4.5 billion in 2021 and is predicted to grow to around USD 46.3 billion by 2028 with a compound annual growth rate (CAGR) of roughly 39.5% between 2022 and 2028.

Global Flexible OLED Display Market Size

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One of the most cutting-edge technologies that enable the display to be bent, rolled, and folded is OLED or Organic Light Emitting Diode. This kind of flexibility is provided by an OLED display by placing a flexible substrate beneath the organic one. OLED displays are preferred over LCD ones since they use less energy and they don't need a backlight to operate. Since flexible displays may be used effectively in smartphones, televisions, wearables, and tablets, the consumer electronics sector accounts for a substantial portion of the demand for them.

Browse the full “Flexible OLED Display Market Size, Share, Growth Analysis Report By Type (AMOLED and PMOLED), By Application (Televisions, Smartphones, Wearables, Laptops and Monitors, and Others), By End-User (Consumer Electronics, Automotive, Sports, Entertainment, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/flexible-oled-display-market

The increasing use of OLED technology in automotive applications is expected to dominate the global flexible OLED display market during the forecast period. As flexible OLED technology is used to produce transparent, thin, and highly responsive light display panels, they are now being integrated into cars to have interactive displays. It has become a key feature that needs to be implemented by all car manufacturers. The use of flexible OLED is still experiencing changes as new systems and designs are integrated with vehicles across the globe. For instance, in July 2020, Mercedes-Benz revealed the new MBUX. The second generation of this learn-capable system is making its debut in the new S-Class. The new S-Class offers up to 5 large screens with OLED technology to take control of the vehicle and comfort functions even easier.

The global flexible OLED display market is segmented based on type, application, end-user, and region.

The AMOLED and PMOLED product categories are divided based on type in the global market. The market share leader in 2021 was the AMOLED segment, and it is predicted that this trend would continue throughout the forecast period. The abbreviation AMOLED stands for Active Matrix Organic Light Emitting Diode. In this technology, a TFT (Thin Film Transistor) layer is used to provide customers more control over the light that OLEDs produce. On an AMOLED panel, colors are broadcast directly from organic diodes. Therefore, unlike LCD panels, it does not require any polarizing filters, crystals, or LED backlights. Both the size of the display panel and the energy consumption is greatly reduced. Besides, the PMOLED segment is expected to grow at the highest CAGR during the forecast period owing to its large utilization in medical devices as well as home appliances.

The global market for flexible OLED displays is divided based on the application into televisions, smartphones, wearables, laptops & monitors, and others. In 2021, the smartphone market held the biggest revenue share, and it is anticipated that it will continue to rule during the projected period. The increase in demand for a better contrast ratio and improved brightness consistency is responsible for the segment's growth. Additionally, it is anticipated that the growing desire for curved or foldable screens would increase the demand for flexible OLED display technology in smartphones. Additionally, during the projection period, the wearables category is anticipated to develop at the greatest CAGR. The adoption of wearable technologies like activity trackers and body monitors, which provide real-time data on the user's general well-being, has been facilitated by the increased frequency of chronic diseases and obesity. Along with physiological data like sleep quality, heart rate, blood oxygen level, blood pressure, cholesterol level, and calories burned, these wearables also provide information about everyday activities. As a result, the wearables market is expected to develop at the greatest CAGR.

The market is divided into consumer electronics, automotive, sports, entertainment, and other categories based on end users. In 2021, the consumer electronics market was dominated, and it is anticipated that this trend will continue during the projection period. The demand for thinner, lighter, and more flexible devices is what is being credited with driving the segment's rise. The demand for flexible OLED is also anticipated to increase in several consumer electronics, including smartphones, televisions, and smartwatches, as a result of the growing investments made by private companies in R&D aimed at enhancing both the effectiveness of the devices and the safety of the users.

The market for flexible OLED display is divided into five regions based on geography: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Asia Pacific is expected to dominate the market during the forecast period. The growth in the region is attributed to the presence of major players such as Sony Group Corporation, LG Display, Samsung Electronics, and others. North America is expected to grow at a significant rate during the forecast period. The growth in the region is attributed to the growing disposable income that leads to the adoption of high-end electronics products such as curved display televisions and premium smartphones. Moreover, the presence of major players in the region influences the market growth.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 4.5 Billion

Projected Market Size in 2028

USD 46.3 Billion

CAGR Growth Rate

39.5% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Sony Corporation, Atmel Corporation, Delta Electronics, DuPont Display, Philips Electronics, Panasonic Corporation, Samsung Electronics Co. Ltd., Pioneer OLED, Optronics, BOE Technology, Japan Display, and others.

Key Segment

By Type, Application, End User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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The global flexible OLED display market is dominated by players like Sony Corporation, Atmel Corporation, Delta Electronics, DuPont Display, Philips Electronics, Panasonic Corporation, Samsung Electronics Co. Ltd., Pioneer OLED, Optronics, BOE Technology, and Japan Display, among others.

Recent Development:

  • In June 2022, LG Display teamed up with the global architecture and design firm Gensler to introduce the Maars M923., a next-generation Transparent OLED partition. By applying the OLED technology, the Maars M923 offers a unique balance of openness and privacy, redefining space and the dimensions of visual presentations with the option of either transparency or vivid colors without the need for a separate TV or monitor.
  • In May 2019, Rit Display, a supplier of OLED panels, entered into a contract with PlayNitride Inc. to develop next-generation micro-LED technology for wearable devices.

The global flexible OLED display market is segmented as follows:

By Type

  • AMOLED
  • PMOLED

By Application

  • Televisions
  • Smartphones
  • Wearables
  • Laptops and Monitors
  • Others

By End User

  • Consumer Electronics
  • Automotive
  • Sports
  • Entertainment
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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