{"id":127939,"date":"2024-01-26T08:08:05","date_gmt":"2024-01-26T13:08:05","guid":{"rendered":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/flexible-display-market-set-to-witness-unprecedented-growth-of-us11-7-billion-by-2030\/"},"modified":"2024-01-26T08:08:05","modified_gmt":"2024-01-26T13:08:05","slug":"flexible-display-market-set-to-witness-unprecedented-growth-of-us11-7-billion-by-2030","status":"publish","type":"post","link":"https:\/\/v2fr5er78d.funnewsdaily.com\/books\/flexible-display-market-set-to-witness-unprecedented-growth-of-us11-7-billion-by-2030\/","title":{"rendered":"Flexible Display Market Set to Witness Unprecedented Growth of US$11.7 Billion by 2030"},"content":{"rendered":"

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Growing demand for innovative consumer electronics, especially flexible displays in smartphones and tablets, is boosting the market. Europe’s dominance in this sector is driven by its global innovation hub status and strong emphasis on research excellence.<\/h2>\n

New York, Jan. 23, 2024 (GLOBE NEWSWIRE) — Market Size and Overview:<\/strong><\/p>\n

The global flexible display market is anticipated to witness a robust Compound Annual Growth Rate (CAGR) of 9.5%, projecting a rise from the 2023 value of US$6.2 billion to reach US$11.7 billion by the conclusion of 2030. Flexible displays, characterized by their ability to bend, fold, or curve without compromising functionality, represent innovative electronic visual interfaces poised to revolutionize traditional display technologies.<\/p>\n

These lightweight and flexible displays market<\/a> aim to introduce versatility in form factor and design, giving rise to unique and adaptable devices such as foldable smartphones, rollable tablets, and curved TVs. The overarching objective is to elevate user experiences by offering more immersive and flexible display solutions, thereby enhancing portability and aesthetics across a range of electronic devices.<\/p>\n

The driving force behind the flexible display market is the escalating demand for smartphones, wearables, and other portable electronic devices featuring unconventional designs. The market’s momentum is sustained by the surging popularity of flexible and foldable display technologies, fostering innovative developments in consumer electronics. Substantial opportunities emerge as manufacturers explore diverse applications in automotive displays, smart wearable devices, and even flexible e-readers.<\/p>\n

The growth of the market is further propelled by advancements in organic light-emitting diode (OLED) technology, contributing to enhanced flexibility, resolution, and energy efficiency. This progress serves as a significant catalyst for market expansion. Furthermore, the increasing adoption of flexible displays in emerging technologies such as augmented reality (AR) and virtual reality (VR) opens promising avenues for continued market growth.<\/p>\n

Request a sample report now: <\/strong>https:\/\/www.persistencemarketresearch.com\/samples\/10804<\/a><\/p>\n

Market Scope:<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
\u00a0Report Coverage<\/strong><\/td>\n\u00a0Details<\/strong><\/td>\n<\/tr>\n
\u00a0Market Revenue 2023<\/td>\n\u00a0US$6.2 Billion<\/td>\n<\/tr>\n
\u00a0Projected Market Value (2030F)<\/td>\n\u00a0US$11.7 Billion<\/td>\n<\/tr>\n
\u00a0Global Market Growth Rate (CAGR 2023 to 2030)<\/td>\n\u00a09.5%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0Forecast Period<\/td>\n\u00a02023-2030<\/td>\n<\/tr>\n
\u00a0No. of Pages<\/td>\n\u00a0236 Pages<\/td>\n<\/tr>\n
\u00a0Market Segmentation<\/td>\n\u00a0By Display Type, By Substrate Material, By Application, By Region<\/td>\n<\/tr>\n
\u00a0Regions Covered<\/td>\n\u00a0North America, Europe, East Asia, South ,Asia & Oceania, Latin America, Middle East & Africa<\/td>\n<\/tr>\n
\u00a0Key Companies Profiled<\/td>\n\u00a0LG Display Co. Ltd, Samsung Electronics Co Ltd, ROYOLE Corporation, E Ink Holdings, BOE Technology Group Co. Ltd, Guangzhou Oed Technologies Co. Ltd, FlexEnable Limited, Chunghwa Picture Tubes Ltd, Huawei Technologies Co. Ltd, Sharp Corporation<\/td>\n<\/tr>\n<\/table>\n

Market Key Growth Drivers:<\/strong><\/p>\n

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  1. \nRising Demand for Unconventional Designs in Portable Devices<\/strong>: The increasing consumer demand for smartphones, wearables, and other portable electronic devices with unique and unconventional designs is a primary driver. Flexible displays enable the creation of devices with innovative form factors, such as foldable smartphones, rollable tablets, and curved TVs.<\/li>\n
  2. \nTrend towards Flexible and Foldable Display Technologies<\/strong>: The market is driven by the growing trend toward flexible and foldable display technologies in the consumer electronics sector. Manufacturers are investing in research and development to bring about advancements that cater to this evolving trend, fostering innovation in the industry.<\/li>\n
  3. \nDiversification into Various Applications<\/strong>: Manufacturers are exploring diverse applications for flexible displays, including automotive displays, smart wearable devices, and flexible e-readers. This diversification into different sectors provides opportunities for market growth and opens up new avenues for the integration of flexible display technology.<\/li>\n
  4. \nAdvancements in OLED Technology<\/strong>: Progress in organic light-emitting diode (OLED) technology plays a crucial role in the market’s growth. Advancements in OLED technology contribute to improved flexibility, higher resolution, and enhanced energy efficiency in flexible displays, making them more appealing for various applications.<\/li>\n
  5. \nEmerging Technologies like AR and VR:<\/strong> The expanding adoption of flexible displays in emerging technologies such as augmented reality (AR) and virtual reality (VR) presents a significant growth opportunity. Flexible displays contribute to the development of immersive and adaptable interfaces in AR and VR applications, driving market expansion.<\/li>\n<\/ol>\n

    In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at: <\/strong>https:\/\/www.persistencemarketresearch.com\/market-research\/flexible-display-market.asp<\/a><\/p>\n

    Market Restraints:<\/strong><\/p>\n

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    1. \nHigh Manufacturing Costs<\/strong>: The production of flexible display technologies involves complex manufacturing processes, including the use of advanced materials and technologies. High manufacturing costs can act as a significant barrier to widespread adoption, limiting market growth, and making these technologies less accessible to a broader consumer base.<\/li>\n
    2. \nDurability Concerns<\/strong>: While flexible displays are designed to be bendable and foldable, concerns about their long-term durability and resistance to wear and tear persist. If users perceive these displays as less durable than traditional counterparts, it may impede their adoption, particularly in applications where ruggedness is essential.<\/li>\n
    3. \nLimited Availability of Flexible Display-Compatible Content:<\/strong> The success of flexible displays depends on the availability of content optimized for their unique form factors. The limited availability of applications and content tailored for flexible displays may hinder user adoption and limit the overall appeal of devices featuring this technology.<\/li>\n
    4. \nTechnological Complexity and Integration Challenges<\/strong>: The complexity of integrating flexible display technology into various devices poses technical challenges for manufacturers. Ensuring seamless integration without compromising performance or functionality can be a hurdle, particularly in devices with intricate designs or specific technical requirements.<\/li>\n
    5. \nConcerns about Screen Quality and Performance<\/strong>: Consumers may have concerns about the display quality and performance of flexible screens compared to traditional rigid displays. Issues such as color accuracy, brightness, and overall visual experience may impact consumer confidence and slow down the market adoption rate.<\/li>\n<\/ol>\n

      Market Opportunities:<\/strong><\/p>\n

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      1. \nExpansion in Wearable Devices<\/strong>: The demand for wearable devices, such as smartwatches and fitness trackers, continues to grow. Flexible displays offer opportunities for manufacturers to create more comfortable and stylish wearables with innovative form factors, enhancing the user experience and expanding the wearable technology market.<\/li>\n
      2. \nAutomotive Display Applications: <\/strong>The automotive industry represents a significant opportunity for flexible displays. These displays can be integrated into curved dashboards, interactive infotainment systems, and even windows, providing a more immersive and aesthetically pleasing in-car experience. The rise of autonomous vehicles further amplifies the potential for flexible display applications in the automotive sector.<\/li>\n
      3. \nEvolving Smartphone Designs<\/strong>: The smartphone market is continuously evolving, with a growing interest in foldable and flexible devices. Manufacturers can seize the opportunity to introduce novel smartphone designs, offering users enhanced functionality, improved durability, and unique form factors that set their products apart in a competitive market.<\/li>\n
      4. \nMedical Devices and Healthcare Applications<\/strong>: Flexible displays can be integrated into medical devices, such as wearable health monitors and smart patches. These displays could provide real-time health data to users and healthcare professionals, contributing to the development of innovative solutions for remote patient monitoring and personalized healthcare.<\/li>\n
      5. \nFoldable Tablets and Portable Devices<\/strong>: Beyond smartphones, there is a potential market for foldable tablets and other portable devices. Flexible displays allow for larger screens that can be folded or rolled, providing users with a balance between portability and screen size. This could cater to professionals and content creators who require larger displays on the go.<\/li>\n<\/ol>\n

        Top Key Companies in the Flexible Display Market:<\/strong><\/p>\n