“Flexible Display Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Flexible Display Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top-Listed Players in Flexible Display Market Research Report 2019-2023:
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Flexible Display market reports provide a comprehensive overview of the worldwide market size and share. Flexible Display market data reports also provide a 5-year historical, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to the success of the organization.
Overview of Flexible Display Market Report:
The flexible display market was valued at USD 3.676 billion in 2017, and is expected to reach a value of USD 21.956 billion by 2023 at a CAGR of 34.32%, over the forecast period (2018 – 2023). The report discusses the type of technology used in flexible displays. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The flexible display technology offers various benefits, such as lightweight, flexible, brighter, less power, and shatter-proof, which evolve as the major driving forces in flexible display technology. Owing to the rising demand for consumer electronics, such as wearable devices, smartphones, and television and computer peripherals, and high adoption in entertainment and gaming, the market for flexible displays is expected to witness a significant growth rate over the forecast period. However, high levels of manufacturing complexities has been a major challenge, affecting large-scale adoption. Recent technological innovations, such as the development of flexible transistors, with extreme bending ability, is expected to address the manufacturing challenges.
OLED Technology Segment is Expected to Witness the Highest Growth
OLEDs (organic light emitting diodes) are comparatively lighter and thinner than regular LCDs, as they do not need any backlight or filters and allow the display to be bent, rolled, and folded. The demand for flexible displays over rigid majorly arises from the consumer electronics sector, such as smartphone, tablets, display screens, and various others. It is expected that OLED displays could occupy more than 35% of the smartphone displays by the end of 2020. With increased smartphone adoption globally, the demand for high definition ultra- high displays is growing at a fast rate.
Moreover, with innovations in AMOLED displays, the demand for OLED is growing. With many companies, such as Apple and Samsung employing AMOLED displays in their flagship models, other companies are following the trend. Increasing disposable incomes are causing consumers to spend more for high-end devices, which further increases the demand for smartphones, thus driving the demand for OLEDs flexible displays.
The Television Segment to Dominate the Market With the Largest Share
With increasing spending power of customers, the demand for high resolution television sets is increasing. A significant rise in premium consumer electronics market in emerging countries, such as China, India, and Brazil is favoring the conditions for 4K television sets. Moreover, changing consumer preferences over traditional displays, owing to the high adoption of advanced technologies in filming, is driving consumers to prefer high-resolution display products. Further, the increase in average TV screen sizes across the globe is making manufacturers manufacture products with high- resolution displays to withstand the competition. Although, manufacturing of OLED is more expensive and complex than LCD TVs, the mass manufacturing processes that act as a huge value addition for the companies, mitigates the overall cost of OLED products.
Asia Pacific is Expected to Witness the Highest Growth Rate
The Asia-Pacific flexible display market is expected to show high growth in the future as top display manufacturers, such as Samsung, LG, Sony, AUO, and E Ink Holdings are based in the region. Hence, it is a preferred market for cell phone, tablet, laptop, and television manufacturers across the world. Asia-Pacific also has the highest growth rate for many consumer products, such as smartphones, tablets, laptops, and TVs because of presence of key manufacturers like Samsung, LG, Sony, Sharp, Panasonic, and Acer Inc. in the region. Surge in the demand for smartphones has played a significant role in the demand for flexible displays in the region. APAC has approximately 2 billion users of smartphone and, the region is also home to some of the prominent manufacturers of OLEDs. The government of South Korea is encouraging the development of OLED supply chain and is contributing to support universities and research institutes. The South Korean government also granted permission to LG to build an OLED panel manufacturing plant in Guangzhou. The plant is scheduled to be completed in the second quarter of 2019, and it can produce 60,000 8.5-gen OLED panels a month.
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Reasons to Purchase the Report
Valuable Points from Flexible Display Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Flexible Display Market.
- Significant changes in Market dynamics.
- Flexible Display Market segmentation according to Top Regions.
- Current, Historical, and projected size of the Flexible Display Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Flexible Display Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Flexible Display Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the Market.
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Highlights of the following key factors:
- Business description –A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis –A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services –A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Flexible Display Market Research Report 2019-2023:
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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