Flexible displays are thin, lightweight, portable electronic visual display surfaces made of flexible plastic or thin glass instead of the traditional rigid materials such as glass. Flexible displays provide several advantages such as lightweight, shatterproof, bendable, foldable and rollable form factor. Flexible displays are easier to transport and take less space. They can be integrated into consumer products in innovative form factors that were not possible with rigid glass displays. The increasing demand for portable smart devices with large high-resolution screens and the growing popularity of wearable devices and foldable smartphones have fueled the adoption of flexible displays.

The Global flexible display market was valued at US$ 16.14 billion in 2023 and is anticipated to witness a compound annual growth rate (CAGR) of 34.7% from 2023 to 2030.

Key Takeaways

Key players operating in the flexible display market are LG Display Co. Ltd, Samsung Electronics Co Ltd, ROYOLE Corporation, e-ink Holdings, BOE Technology Group Co. Ltd, Guangzhou Oed Technologies Co. Ltd, FlexEnable Limited, Chunghwa Picture Tubes Ltd, Huawei Technologies Co. Ltd, Sharp Corporation, Plastic Logic, Innolux Corporation, AU Optronics Corp., TCL Electronics Holdings Limited, Microtips Technology, and Others. LG Display Co. Ltd and Samsung Electronics Co Ltd dominate the global flexible display market with their extensive product portfolio and global presence.

The growing Flexible Display Market Growth  for large screen, high resolution smart devices, wearables and foldable smartphones has opened lucrative growth opportunities for flexible display manufacturers. Flexible displays are finding increasing applications in smartwatches, e-readers, automotive displays, laptops, TVs and other consumer electronics.

Leading flexible display manufacturers are expanding their production capacities and global footprint to cater to the rising global demand. For instance, in 2021, LG Display expanded its flexible OLED panel production line in Paju, Korea. Companies are also partnering with device manufacturers to accelerate the adoption of flexible displays in diverse applications.

Market Drivers

Growing popularity of foldable and flexible smartphones: Major smartphone brands such as Samsung, Huawei, and Motorola have launched flagship foldable smartphones with flexible displays. This has boosted the adoption of flexible displays in the smartphone segment.

Advancements in flexible display technology: Continuous R&D efforts have improved the performance, resolution, and durability of flexible displays. Technological innovations enabling flexible AMOLED displays are driving the market.

Increasing demand for portable smart devices: The growing popularity of smartwatches, e-readers, and other wearable devices has augmented the demand for energy-efficient, thin and lightweight displays like flexible displays.

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