Global Flexible Display Market Research Report and Analysis, 2018?2028

Posted by Alex Werner on June 11th, 2018

Global Flexible Display Market Research Report and Analysis, 2018–2028

According to Bekryl Market Analyst recent published study on “ Global Flexible Display Market Research Report and Analysis, 2018–2028, the Global Flexible Display Market value is estimated to be over US$ 3.2 Bn in 2018 and is expected to register a CAGR of 63% during the forecast period to create billion dollar market opportunity for display manufacturers.

The flexible display market currently is registering an impressive growth and is expected to capture over 19% of total display shipments by 2025. Over 125 million units of flexible display market was shipped worldwide which is expected to register impressive 83% annual growth till 2021 before easing out to a stable growth.

Various companies are focusing on research and development activities as patent filings increasing at an exponential rate. Over 700 patents have been filed in-between 2015 and 2017. While Samsung, LG, Creator Technology and SEL have most of their filings on display, Nokia, Apple, Motorola and Pantech have patents based on devices that use flexible devices. Though there are many good features, the technology is still evolving.

The industry is highly consolidated with top 5 players accounting for over 88% of global share. Companies are focusing on expansion of plants and R&D to differentiate their market positioning.

Various key developments took place in global flexible display market. Some of them are:

  • In June 2018, Tianma introduced AMOLED flexible display for curved mobile applications.
  • In March 2018, first graphene based flexible display was launched by the Cambridge Graphene Center and Plastic Logic. Technology commercialization is expected to enable fully wearable and flexible devices.
  • In October 2017, China based firm – BOE – announced the mass production of flexible displays in Sichuan Province. The plant is expected to roll out 70 million flexible AMOLED displays annually. This development holds considerable value to China’s ecosystem. China became the second country to acquire the technology after South Korea.
  • In 2017, Apple ordered 70 million OLED panels from Samsung. Reportedly, Samsung is building world’s largest flexible display OLED plant with production capacity of 270,000 panels per month. This came with large order procurement of Apple, which certainly has helped Samsung to further consolidate its flexible display market share. As per the estimates, OLED smartphone market will increase from 90 million in 2016 to 390 million by 2020.
  • In July 2016, LG announced to invest US$ 1.7 Billion in flexible OLED displays. Increased demand from mobile devices manufacturers has led company to invest large amount into flexible displays. OLED is expected to fully replace LCD for smartphones in another ten years. This will help flexible display manufacturers including LG to fully capitalize the market and gain higher incremental revenue opportunity.
  • Vivo and Xiaomi launched their first smartphones with AMOLED flexible displays in 2016.

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Global Flexible Display Market Share Analysis, By Technology: OLED to dominate the global share by technology

By technology, OLED accounted for over 77% of global share and will continue to dominate the industry throughout the forecast period. OLED are self-emitting color gamut without staked structure. Much of the traction will be from smartphones and TV display demand.

Global Flexible Display Market Size Analysis, By Form Factor: Bendable Form Factor to Account for 58% Share in 2028

By form factor, curved segment accounted for highest market share in 2017. However, with advancement in technology and rising demand for flexible displays in smartphones, bendable form will surpass other forms and will dominate the global market post 2020.

Global Flexible Display Market Value Analysis, By Application: Smartphones to lead the global industry post 2019

Currently, the flexible display finds most of its demand from TV application. However, smartphones will takeover other applications and will continue to dominate the sales till 2028. Foldable AMOLED smartphones is expected to be launched on large scale in 2018. Companies including Motorola, Samsung, LG, Lenovo and Xiaomi are tapping on smartphones for high revenue opportunity.

Global Flexible Display Market Size and Forecast, Regional Analysis: Asia Pacific to surpass North America sales by 2020

While North America dominated the industry in 2017, it will lose its market position with large scale commercialization of flexible display. Asia Pacific is the most lucrative destination for industry players. The region is not only the largest producer of flexible display but also offer immense revenue opportunity. There are over 2.3 billion smartphone users in the region. China and India alone accounts for 46% of global smartphone market. As such, much of the demand will be concentrated in these regions.

Global Flexible Display Market Size and Forecast: Competition Landscape

Some key Flexible Display market players are Samsung Electronics Co., Ltd, LG Display Co., Ltd, Innolux Corporation, AU Optronics Corp., Osram Licht AG, BOE Technology Group Co., Ltd, Panasonic Corporation, Sharp Corporation, Japan Display Inc., Hannstar Display Corporation, Koninklijke Philips N.V., Chunghwa Picture Tubes Ltd, Acuity Brands Lighting, Inc., Pioneer Corporation, Ritek Corporation

Retail Robot Market Industry Segmentation

By Product Type:

  • OLED
  • EPD
  • LCD
  • Others

By Form:

  • Bendable
  • Curved

By Application:

  • Smartphones
  • Electronics
  • TV
  • Wearable Devices
  • Others

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Alex Werner

About the Author

Alex Werner
Joined: December 7th, 2017
Articles Posted: 25

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