The glass flexible display global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Glass Flexible Display Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The glass flexible display market size has grown strongly in recent years. It will grow from $19.55 billion in 2023 to $21.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to the increasing usage of televisions, laptops, PCs, and tablets, the increase in focus of automotive manufacturers on integrating innovative, the increasing demand for innovative consumer electronics, rising demand for affordable flexible materials, increasing application of flexible display.
The glass flexible display market size is expected to see strong growth in the next few years. It will grow to $30.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to the growth of the automotive industry, increase in demand for greater picture quality, increasing awareness and regulatory pressure around environmental sustainability, increasing popularity of wearable devices, increase in the focus of automotive manufacturers on integrating innovation. Major trends in the forecast period include advancements In display technology, advancements in material technology, a growing market for wearable technology, increased adoption of foldable and rollable devices, and increasing emphasis on sustainability.
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Scope Of Glass Flexible Display Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Glass Flexible Display Market Overview
Market Drivers –
The increasing demand for consumer electronics is expected to propel the growth of the glass flexible display market going forward. Consumer electronics refers to electronic devices specifically crafted for purchase and utilization by end-users or consumers for personal and non-commercial or professional uses in their daily lives. The consumer electronics market is driven by rising disposable income levels, shifts in consumer lifestyles, rapid urbanization, and the proliferation of e-commerce platforms. Glass flexible displays are utilized to develop cutting-edge products such as foldable smartphones, rollable tablets, and curved televisions. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached $4919 million ( ¥771,457 million). In addition, consumer electronics production reached $204.67 million (¥32,099 million) in May 2023, compared to $161.12 million (¥25,268 million) in May 2022. Therefore, the increasing demand for consumer electronics is driving the growth of the glass flexible display market.
Market Trends –
Major companies operating in the glass flexible display market are developing inkjet printing technology to enhance display quality, improve production efficiency, and enable more vibrant, high-resolution screens that are flexible and durable. Inkjet printing technology involves using inkjet printing methods to deposit various materials onto substrates with high precision and efficiency. For instance, in January 2021, TCL CSOT, a China-based display technology company, launched a 17-inch Printed OLED Scrolling Display and a 6.7-inch AMOLED Rollable Display. The 17-inch model is remarkably thin at 0.18mm, highly portable, and delivers a full-color gamut using advanced inkjet printing. Its OLED RGB self-luminous devices are created using high-precision inkjet printing technology, eliminating the requirement for fine metal masks. It is ideal for flexible, curved, foldable, and transparent display applications. The 6.7-inch rollable AMOLED display can expand to 7.8 inches, converting a smartphone into a tablet with a simple tap, and features a sleek design under 10mm thick, setting a new standard for smartphone versatility and user experience.
The glass flexible display market covered in this report is segmented –
1) By Component: Organic Material, Substrate, Conductive Layer, Backlight Panel, Other Components
2) By Display Type: Bendable, Rollable, Foldable
3) By Manufacturing Technology: Flexible Flat Panel Display, Flexible Plasma Display, Photographic Technology
4) By Application: Smartphone And Tablet, Smartwatches And Wearables, Television And Digital Signage Systems, Personal Computer (PC) Monitors And Laptops, E-Reader, Electronic Shelf Labels (ESLs), Vehicles And Public Transports, Smart Home Appliances
5) By End User: Automotive, Aerospace, Retail, Transportation, Government, Utilities, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the glass flexible display market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the glass flexible display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the glass flexible display market are Samsung Electronics Co. Ltd., Sony Corporation, BOE Technology Group Co. Ltd, Koninklijke Philips N.V. (Royal Philips), LG Display Co. Ltd., Sharp Corporation, Delta Electronics Inc., Corning Incorporated, DuPont de Nemours Inc., Innolux Corporation, AU Optronics Corp., Materion Corporation, Japan Display Inc., E Ink Holdings Inc., Kateeva Inc., Royole Corporation, Novaled GmbH, NanoLumens Inc., FlexEnable Limited, Plastic Logic Limited, Visionox Company Ltd., Microtips Technology LLC
Table of Contents
1. Executive Summary
2. Glass Flexible Display Market Report Structure
3. Glass Flexible Display Market Trends And Strategies
4. Glass Flexible Display Market – Macro Economic Scenario
5. Glass Flexible Display Market Size And Growth
…..
27. Glass Flexible Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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