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Growing use of flexible displays in the consumer electronics industry for smartphones, wearable devices, laptops, and its peripherals is expected to boost the category.
Rise in middle-class income and consumers adopting smart gadgets in automobiles to boost pleasure and safety are significant reasons likely to drive the global market in the near future
ALBANY, N.Y. , June 27, 2022 /PRNewswire/ -- The value of the global flexible display market stood at US$ 14.9 Bn in 2021. The market is likely to expand at a CAGR of 33.1% during the forecast period, from 2022 to 2031. The global flexible display market is predicted to surpass the valuation of US$ 242.6 Bn by 2031. Flexible displays include characteristics such as plastic-like thinness, lightweight, and durability, as well as the flexibility to be curved accurately and utilized in a variety of smart devices. Flexible display manufacturers & suppliers are also concentrating on modern electronics breakthroughs such as miniaturization, organic electronics, and improved materials. In order to diversify their income sources, they can take advantage of incremental opportunities in flexible display technologies.
Due to their expanding use in flexible displays, wearable electronics, smart cards, and various other applications, flexible batteries are growing in popularity. A flexible display is also a rapidly growing technology, with applications of flexible display in areas such as media, aircraft, and transportation. Research on flexible display predicts increasing usage of this display technology in medical display systems.
The surge in demand for flexible display technology for a variety of applications such as digital signage, smartphones and tablets, and smart wearable devices is likely to drive the global flexible display market. The growing prominence of quantum dot (QD) display technology presents manufacturers with new revenue prospects and is likely to emerge as one of the important types of display technology.
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Key Findings of Market Report
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Global Flexible Display Market: Growth Drivers
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Global Flexible Display Market: Key Players
Some of the key market players are
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Global Flexible Display Market: Segmentation
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