Home Industry Reports Custom Research Blogs About Us Contact us

Flexible OLED Market Size & Share, By Type (AMOLED, PMOLED), Application (Smartphones and Tablets, Televisions, Laptops and Monitors, Wearables), Regional Forecast, Industry Players, Growth Statistics Report 2023-2032

Report ID: FBI 1691

|

Published Date: Oct-2023

|

Format : PDF, Excel

Market Outlook:

Flexible OLED Market size surpassed USD 3.89 Billion in 2022 and is poised to reach USD 129.47 Billion, growing at over 46.46% CAGR between 2023 and 2032.

Base Year Value (2022)

USD 3.89 Billion

18-23 x.x %
24-33 x.x %

CAGR (2023-2032)

46.46%

18-23 x.x %
24-33 x.x %

Forecast Year Value (2032)

USD 129.47 Billion

18-23 x.x %
24-33 x.x %
Flexible Oled Market

Historical Data Period

2019-2021

Flexible Oled Market

Largest Region

North America

Flexible Oled Market

Forecast Period

2023-2032

Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunities:

1. Increasing adoption of flexible OLED displays in smartphones and wearable devices: The rising demand for smartphones and wearable technology has fueled the demand for flexible OLED displays. These displays offer several advantages such as lighter weight, thinner profiles, and improved image quality, leading to their higher adoption in various consumer electronic devices.

2. Technological advancements and product innovation: Ongoing technological advancements and innovations in flexible OLED technology have contributed to market growth. Manufacturers are continuously developing new products with enhanced flexibility, transparency, and efficiency, which are driving the demand for flexible OLED displays across different industries.

3. Growing demand for IoT and connected devices: The rapid growth of the Internet of Things (IoT) and connected devices has created significant opportunities for the flexible OLED market. These displays play a vital role in IoT applications, including smart homes, healthcare, automotive, and industrial automation, thereby driving their demand and market growth.

 

Industry Restraints & Challenges:

Report Scope

Report CoverageDetails
Segments CoveredType, Application
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledSamsung Electronics Co.., Corning Inc, Sony group corporation, Visionox Company, Universal Display, BOE Technology UK Limited, Ritdisplay, OSRAM GmbH., AU Optronics corp, LG Display Co.,Ltd.

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!

1. High production and manufacturing costs: The cost of manufacturing flexible OLED displays is relatively higher compared to traditional displays. The complex manufacturing process, limited production capacity, and high material costs pose a challenge to market growth. However, ongoing advancements and economies of scale are expected to address this challenge in the long run.

2. Limited lifespan and durability: Flexible OLED displays are known to have a limited lifespan and are more prone to damage compared to other display technologies. The display materials can degrade over time, leading to a shorter lifespan and reduced durability. Manufacturers need to address these challenges to increase the adoption of flexible OLED displays across different industries.

3. Intense competition from alternative technologies: While flexible OLED displays offer numerous advantages, they face competition from alternative display technologies such as LCD, LED, and micro-LED. These technologies are continuously evolving and offer their own unique features, posing a challenge to the growth of the flexible OLED market.

In conclusion, the flexible OLED market is expected to witness significant growth in the coming years, driven by factors such as increasing adoption in smartphones and wearable devices, technological advancements, and the growing demand for IoT and connected devices. However, challenges including high manufacturing costs, limited lifespan, and competition from alternative technologies need to be addressed for the market to realize its full potential.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Flexible Oled Market
Flexible Oled Market

Regional Forecast:

North America:

The North American region is anticipated to witness significant growth in the flexible OLED market during the forecast period. The increasing adoption of smartphones, tablets, and other electronic devices, coupled with the presence of major market players in this region, is driving the market growth. Moreover, technological advancements in displays and rising demand for energy-efficient and lightweight devices are further fueling the market growth in North America.

Asia Pacific:

Asia Pacific is expected to dominate the flexible OLED market during the forecast period. The rapid economic growth in countries like China, India, and South Korea, along with the growing consumer electronics industry, is propelling the market expansion in this region. Additionally, the increasing consumer disposable income and the rising demand for advanced display technologies are contributing to the market growth in Asia Pacific.

Europe:

Europe is projected to exhibit significant growth in the flexible OLED market. The presence of prominent automotive manufacturers and the increasing adoption of flexible OLED displays in vehicles for infotainment systems and instrument clusters is driving the market growth in this region. Furthermore, the robust healthcare sector and the usage of flexible OLED displays in medical devices are also contributing to the market expansion in Europe.

Get more details on this report -

Segmentation Analysis:

Consumer Electronics

The consumer electronics segment is one of the key sub-segments in the flexible OLED market. With the increasing demand for smartphones, tablets, and wearable devices, the adoption of flexible OLED displays in these products is rapidly growing. The ability of flexible OLED displays to provide better image quality, higher resolution, and enhanced flexibility compared to traditional displays is driving their integration in consumer electronic devices. Moreover, the lightweight and energy-efficient nature of flexible OLED displays make them suitable for portable devices, further bolstering their demand in the consumer electronics segment.

Automotive

The automotive segment is another crucial sub-segment in the flexible OLED market. Flexible OLED displays find extensive usage in automotive applications such as infotainment systems, digital instrument clusters, and heads-up displays. The flexibility of OLED displays allows them to be integrated into curved surfaces, providing a visually appealing and immersive experience for drivers and passengers. The automotive industry's focus on incorporating advanced technologies, along with the growing trend of electric vehicles, is creating significant opportunities for the flexible OLED market in the automotive segment.

Get more details on this report -

Competitive Landscape:

The flexible OLED market is highly competitive, with several key players operating globally. These market players focus on strategies such as mergers and acquisitions, partnerships, collaborations, and product innovations to gain a competitive edge. Some of the major players in the flexible OLED market include Samsung Display Co., Ltd., LG Display Co., Ltd., BOE Technology Group Co., Ltd., Sharp Corporation, Japan Display Inc., and Visionox Co., Ltd. Additionally, these players invest heavily in research and development activities to enhance the performance, durability, and flexibility of OLED displays, driving the overall market growth.

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Flexible OLED Market Size & Share, By Type (AMOLED...

RD Code : 24