Press release
Flexible OLED Displays Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Samsung Electronics, Sony Group corporation, Panasonic Corporation, BOE Technology, Sharp Corporation
Flexible OLED Displays Market Characteristics
The Business Research Company offers in-depth market insights through Flexible OLED Displays Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The flexible oled displays market size has grown exponentially in recent years. It will grow from $11.29 billion in 2023 to $14.37 billion in 2024 at a compound annual growth rate (CAGR) of 27.2%. The growth in the historic period can be attributed to increasing vehicle ownership, changing consumer preferences, regulatory compliance, global economic trends, weather and environmental conditions.
The flexible oled displays market size is expected to see exponential growth in the next few years. It will grow to $35.38 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%. The growth in the forecast period can be attributed to rising global vehicle fleet, green initiatives and sustainability, electrification of vehicles, global economic trends, geopolitical factors. Major trends in the forecast period include continued technological innovation, e-commerce and digitalization, technological advancements, advancements in tire technology, autonomous vehicles impact.
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Market Segmentation:
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
Major Driver - Rising Smartphone Adoption Fueling Growth In Flexible OLED Displays Market
An increase in smartphone adoption is expected to propel the growth of the flexible OLED displays market going forward. A smartphone is a mobile device that combines the functions of a traditional mobile phone with the capabilities of a small computer. Flexible OLED displays are used in smartphones to enable innovative designs, bendable form factors, and enhanced durability, providing a more versatile and user-friendly experience. For instance, in February 2023, according to Uswitch Limited, a UK-based financial conduct authority, beginning in 2022, there were 71.8 million mobile connections in the UK, a 3.8% (or around 2.6 million) increase over 2021. Further, the UK population is expected to grow to 68.3 million by 2025, of which 95% (or around 65 million individuals) are estimated to own a smartphone. Therefore, the increase in smartphone adoption is driving the growth of the flexible OLED display market.
Competitive Landscape:
Major companies operating in the flexible oled displays market report are Samsung Electronics, Sony Group corporation, Panasonic Corporation, BOE Technology, Sharp Corporation, LG Dispaly, 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
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Top Trend - Innovations In The Flexible OLED Display Market
Major companies operating in the flexible OLED display market are focusing on innovating new technological products, such as flexible OLED display tablets, to increase their profitability in the market. Flexible OLED display tablets refer to tablets that use flexible OLED (organic light-emitting diode) technology for their displays. For instance, in December 2023, Huawei Technologies Co. Ltd., a China-based technology company, launched MatePad Pro 13.2, a flexible OLED display tablet. Its multipurpose design is ideal for various tasks, including productivity, creative work, and multimedia consumption. It is ideal for various use cases due to its powerful performance, large capacity, long battery life, and high-resolution display.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flexible OLED Displays Market Characteristics
3. Flexible OLED Displays Market Trends And Strategies
4. Flexible OLED Displays Market - Macro Economic Scenario
5. Flexible OLED Displays Market Size And Growth
…..
27. Flexible OLED Displays Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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