Technological Shift and Development of Energy-Efficient, Attractive, and High-Specification Flexible Display Products driving the growth of Market

[171 Pages Report] Flexible Display Market categorizes global market by Application (Smartphone, Smartwatch, Wearable, TV, Digital Signage, PC Monitor, E-reader, Electronic Shelf Label, and Automotive), Technology (OLED, Quantum Dots, LED, E-Paper), Panel Size, and Geography.

The flexible display market was valued at USD 2.67 Billion in 2016 and is expected to reach USD 15.14 Billion by 2022, at a CAGR of 34.42% from 2017 to 2022. The growth of this market is majorly driven by a technological shift to and development of energy-efficient, attractive, and high-specification flexible display products and the rising demand for smartphones, smartwatches, wearables, televisions, PC monitors, and laptops.

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The smartphones and tablets segment was the largest segment of the flexible display market in 2016.

The smartphones and tablets segment was the largest market segment in 2016. The use of flexible displays in smartphones and tablets makes these more durable, as they offer stylish designs and better ergonomics to operate the devices.

The OLED technology segment is expected to witness the highest growth during the forecast period.

The Organic Light-emitting Diode (OLED) technology segment is expected to witness the highest growth between 2017 and 2022. OLED is a display technology and can be used in various devices, including smartphones, tablets, laptops, smartwatches, and wearables. For example, OLEDs are used in mobile phones, digital cameras, VR headsets, tablets, laptops, and televisions.

North America was the largest market for flexible display in 2016.

North America was the largest market in 2016, followed by Asia Pacific and Europe. The US accounted for the largest share of the market in North America. Flexible displays are majorly used in smartphones, tablets, smartwatches, and wearables. Leading companies offering devices and components include Apple, Inc. (U.S.) and Corning Incorporated (U.S.) are based in North America, which has helped the growth of the flexible display market in the region.

Major players operating in the flexible display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Japan Display, Inc. (Japan), and BOE Technology Group Co., Ltd. (China), among others.

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Research Methodology

The research methodology used to estimate and forecast the flexible display market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoovers, and OneSource.

Vendor offerings have also been taken into consideration to determine the market segmentation. A bottom-up procedure has been employed to arrive at the overall size of the global flexible display market from the revenues of the key players in the market.

After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with people holding key positions in the industry such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. A breakdown of the profiles of primaries has been depicted in the figure below:

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