What Are the Predicted Market Size and Growth Rates for the Global Flexible Display Market?
The flexible display market size has seen substantial growth in recent years. The market is predicted to grow from $25.97 billion in 2024 to $34.57 billion in 2025, seeing a compound annual growth rate (CAGR) of 33.1%. This growth during the historical period can be attributed to the adoption of consumer electronics, an increase in investment in research and development, the expansion of the automotive sector, and the rise in the e-commerce industry.
The size of the flexible display market is expected to maintain substantial growth in the upcoming years. It is forecasted to grow to $101.02 billion in 2029, with a compound annual growth rate (CAGR) of 30.7%. Growth in the forecast period can be attributed to factors such as the integration of smart homes, developments in the healthcare sector, escalating smartphone adoption, an increase in disposable income, and a booming gaming and entertainment sector. Key market trends for the forecast period include wearable technology, holographic displays, Internet of Things (IoT) integration, eco-friendly and sustainable manufacturing processes, and customization and personalization.
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What Are the Key Elements Driving the Growth of the Flexible Display Market?
The growing demand for devices that utilize OLED displays is driving the flexible display market’s growth. OLEDs or Organic Light-Emitting Diodes are light-emitting diodes composed of an emissive electroluminescent layer that provides excellent image quality. Flexible displays often incorporate OLED displays due to their superior image quality even when the screen is bent or twisted. In January 2023, LG, a leading consumer electronics company based in South Korea, reported in its 2022 annual financial report that it had achieved its highest annual revenue ever, with sales exceeding $60 billion for the first time in the company’s history. This increase, at 12.9% up from 2021, was largely attributed to the rising use of OLED displays in devices such as smartphones and TV, thus driving the growth of the flexible display market.
What Are the Dominant Segments Within the Global Flexible Display Market?
The flexible display market covered in this report is segmented as follows:
1) By Display Type: OLED (Organic Light-Emitting Diodes), LCD (Liquid-Crystal Display), EPD (Electronic Paper Display), Other Display Types
2) By Substrate Material: Glass, Plastic, Others Substrate Types
3) By Form Factor: Curved Display, Bendable and Foldable Display, Rollable Display
4) By Application: Smartphone and Tablet, Smartwatches and Wearables, Television and Digital Signage Systems, PC Monitors and Laptops, E-reader, Electronic Shelf Labels (ESLS), Vehicles and Public Transports, Other Applications
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Which Major Companies Are Trendsetters In The Flexible Display Market?
Major corporations operating in the flexible display market include BOE Technology Group Co. Ltd., LG Display Co. Ltd., Royole Corporation, Samsung Electronics Co. Ltd., Japan Display Inc., AU Optronics Corp., Innolux Corporation, Corning Inc., Sharp Corporation, Visionox Technology Inc., E Ink Holdings Inc., Koninklijke Philips N.V., Microtips Technology, Delta Electronics Inc., DuPont de Nemours Inc., and Hewlett Packard Enterprise Development LP.
What Are The Emerging Trends In The Flexible Display Market?
Technological advancements are key trends gaining traction in the flexible display market. Major companies are focusing on these advancements to strengthen their market positions. An example of this is Samsung Electronics, which launched its new MicroLED and Neo QLED displays for their new Lifestyle Television models in January 2022. The Neo Quantum Processor enables the TV to control its lighting and enhance brightness and accuracy. This includes efficient cloud gaming, on-screen multitasking, and a wide range of cutting-edge personalized features.
Which Region Is Enjoying The Fastest Growth in the Flexible Display Market?
In 2024, North America was the largest region in the flexible display market. The regions covered in the flexible display market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Flexible Display Market Report 2025 Offer?
A flexible display refers to an electronic display printed on a foldable plastic membrane that can easily be twisted. Compared to traditional flat displays, these are far more flexible and can withstand being folded, bent, and twisted. They offer superior durability and are lightweight. They are used in a multitude of technologies including virtual reality (VR) headsets, digital cameras, laptops, and televisions.
The Flexible Display Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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