What Has Been the Progress and Growth of the Flexible OLED Displays Market in Recent Years?
The flexible oled displays market has seen considerable growth due to a variety of factors.
• In recent times, there has been a substantial rise in the market size of flexible OLED displays. The market, which is currently valued at $14.37 billion in 2024, is projected to inflate to $18.32 billion in 2025, representing a compound annual growth rate (CAGR) of 27.5%.
The factors that have contributed to this past growth include the rise in vehicle ownership, changing consumer tastes, adherence to regulations, worldwide economic patterns, and climatic and environmental factors.
How Does the Forecast Look for the Flexible OLED Displays Market?
The flexible oled displays market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size for flexible OLED displays is predicted to experience significant exponential growth, with projections indicating a value of $43.96 billion in 2029 with a compound annual growth rate (CAGR) of 24.5%.
Factors contributing to this advancement during the forecast period include increased global vehicle fleet, sustainability and ecological growth initiatives, vehicle electrification, global financial trends, and geopolitical elements. Key trends predicted to prevail during the forecast period embrace constant technological evolution, growth in e-commerce and digitalization, technological progress, developments in tire technology, and the effect of autonomous vehicles.
What Are The Leading Drivers Of Growth In The Flexible OLED Displays Market?
The flexible OLED displays market is anticipated to expand due to rising smartphone usage. Smartphones essentially merge the functionality of conventional mobile phones with the capabilities of compact computers. Flexible OLED displays are used within these smartphones to create innovative designs and bendable form factors, as well as to improve durability, providing users with a more adaptable and user-oriented experience. For example, Uswitch Limited, a financial conduct regulator based in the UK, reported in February 2023 that since 2022, mobile connections in the UK had increased by about 2.6 million (3.8%), reaching 71.8 million. By 2025, the UK population is projected to reach 68.3 million, with approximately 65 million (95%) individuals reportedly owning a smartphone. Consequently, the rise in smartphone use is fueling the growth of the flexible OLED display market.
How Are The Segments Defined Within The Global Flexible OLED Displays Market?
The flexible OLED displays market covered in this report is segmented –
1) By Display Type: Organic Light-Emitting Diode (OLED), Liquid Crystal Display (LCD), Electronic Paper Display (EPD)
2) By Flexibility Type: Curved Display, Foldable Display
3) By Application: Lighting, Smart Phones, Television, Monitor, Other Applications
Subsegments:
1) By Organic Light-Emitting Diode (OLED): Flexible OLED Panels, Transparent OLED Displays
2) By Liquid Crystal Display (LCD): Flexible LCD Panels, Mini LED Backlit LCDs
3) By Electronic Paper Display (EPD): Flexible EPD For E-Readers, E-Ink Displays For Signage
Pre-Book The Flexible OLED Displays Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Influencing The Growth Of The Flexible OLED Displays Market?
Core businesses in the flexible OLED display market, like flexible OLED display tablets, are becoming a focal point for major companies seeking to enhance their market profitability through technological innovation. The term "Flexible OLED display tablets" pertains to tablets that incorporate flexible OLED - Organic Light Emitting Diode - technology in their screen displays. In a practical application of this, Huawei Technologies Co. Ltd., a technological corporation based in China, introduced the MatePad Pro 13.2, a tablet featuring a flexible OLED display, in December 2023. This versatile device is highly suitable for a variety of tasks ranging from productivity and creative work to multimedia enjoyment, thanks to its superior performance, ample storage, enduring battery life, and high-definition display.
Who Are the Key Players In The Flexible OLED Displays Market?
Major companies operating in the flexible OLED displays market report are:
• Samsung Electronics
• Sony Group corporation
• Panasonic Corporation
• BOE Technology
• Sharp Corporation
• LG Display
• Koninklijke Philips N.V.
• Corning Inc.
• AU Optronics
• Innolux Corporation
• Konica Minolta Inc.
• Osram Licht AG
• Tianma Microelectronics Co. Ltd.
• Acuity Brands Lighting Inc.
• Mouser Electronics
• Japan Display Inc.
• Visionox Company
• E Ink Holdings Inc.
• Hannstar Display Corporation
• Royole Corporation
• Chunghwa Picture Tubes Ltd.
• Ritek Corporation
• Universal Display Corporation
• Ritdisplay Corporation
• EverDisplay Optronics (EDO)
• 4D Systems
• Raystar Optronics
• JOLED Inc.
• Digilent Inc
What Is The Most Dominant Region In The Flexible OLED Displays Market?
Asia-Pacific was the largest region in the flexible OLED displays market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible OLED displays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
