Flexible Display Market Size To Reach $123.49 Billion By 2030

Flexible Display Market Growth & Trends

The global flexible dsplay market size is anticipated to reach USD 123.49 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 35.3% from 2024 to 2030. Rising adoption of portable electronic devices is the major factor driving the growth. Flexible displays are lightweight, energy-efficient, and shatter-proof, which, in turn is driving their adoption for smartphone manufacturing.

Rising sales of consumer electronics, such as wearable devices, bendable TVs, and foldable laptops are expected to proliferate the demand for flexible displays during the forecast period. Furthermore, technological advancements in the manufacturing process of flexible Organic Light Emitting Diodes (OLED) has boosted the demand over the past few years.

Rising demand from industries, such as healthcare and automotive has opened new growth avenues for the flexible display market. Automotive manufacturers are focusing on integrating flexible displays in automotive interiors. For instance, in May 2019, Samsung Corporation and Audi AG formed a strategic partnership to push Audi’s concept car, Audi Prologue A9 Prototype. The proposed car is expected to house a flexible, high-resolution Samsung OLED display near the gear stick helping driver control vehicle settings.

Flexible display manufacturers are investing huge amounts in R&D in a bid to develop energy efficient products. In 2018, a total of 20,590 individual patents/applications were filed by the companies such as Sony Corp., Philips, Samsung Corporation and others. In October 2018, Royole Corporation, a flexible display and smart devices manufacturer, launched FlexPai, a foldable device which can be bent, rolled, and operated as a smartphone as well as tablet.

Thus, technological advancements in the field of displays are anticipated to provide sound growth opportunities to manufacturers and offer customers high-quality touch screen displays. However, huge capital investment requisite to manufacturing flexible substrate is expected to hamper the market growth during the forecast period.

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Flexible Display Market Report Highlights

• The OLED segment dominated the market and accounted for a revenue share of 46.3% in 2023. Due to its superior image quality and flexibility, OLED displays are increasingly used in smartphones, tablets, laptops, and televisions in the consumer electronics sector

• Glass segment accounted for the largest market revenue share in 2023. Glass offers efficient transparency and clarity, ensuring that displays deliver sharp, vibrant images with high color accuracy and brightness

• The smartphone segment accounted for the largest market revenue share in 2023. As smartphone users pursue more advanced features and unique experiences, manufacturers constantly innovate to meet these expectations

• Asia Pacific flexible display market accounted for the largest revenue share of 37.5% in 2023. Flexible displays are used in various smart city applications, such as digital signage, interactive information panels, and smart transportation system.

Flexible Display Market Segmentation

Grand View Research has segmented the global flexible display market on the basis of type, panel size, material, application, and region:

Flexible Display Type Outlook (Revenue, USD Billion, 2018 - 2030)

• LCD

• OLED

• EPD

• Others

Flexible Display Panel Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Up To 6”

• 6-20”

• 20-50”

• Above 50”

Flexible Display Material Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Glass

• Plastic

• Metal

Flexible Display Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Smartphone

• Smartwatch

• Wearable (Excluding Smartwatches)

• TV

• E-reader

• Automotive & Transportation

• Others

Flexible Display Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • UAE

  • South Arabia

  • South Africa

List Of Key Players in the Flexible Display Market

• BOE Technology Group Co., Ltd.

• Corning Incorporated

• Innolux Corporation

• AUO Corporation

• Japan Display Inc.

• LG DISPLAY CO., LTD.

• Royole Corporation.

• SAMSUNG ELECTRONICS CO., LTD.

• SHARP CORPORATION

• Visionox Company