Overview

Foldable Display Market Introduction

Global foldable display market to value over USD 3.8 billion by 2027 end and register a CAGR of over 61% from 2020 to 2027.Foldable displays are mostly deployed in smart devices, particularly smartphones.
The commercialization of smartphones is projected to further create enormous growth prospects for the market. There is intense competition between firms to outdo each other. Some firms are working rigorously in defeating the shortcomings of their device prototypes. With the companies using technology and launching their products in the future, the foldable display market will witness lucrative growth. Smartphones are the initial level for the technology; which is further expected to explore its potential through other appliances. The market will be fueled by the technical capabilities of companies to incorporate them into their products with different designs, confirming their practicality and useful

The foldable display market is heavily influenced by the advancements in technology and the established firms influencing the market. The global market consists of a few key firms mainly from the Asia Pacific region and is highly competitive as producers compete to gain early benefits of merchandise commercialization over the competitors. The global market is undergoing uniform growth due to eminent technological resources & segment costs and huge initial investments required for product enhancement. However, the leading firms are anticipated to launch their products over the forecast years and revolutionize the global smartphone industry thus promoting the foldable display technology as well. Additionally, the increasing focus on R&D activities and technology development trends is supporting industry growth.

Key Market Players are:

The foldable display market comprises several component suppliers and product developers including the major firms such as Samsung, LG Display, Royole Corporation, BOE, Semiconductor Energy Laboratory, and Tianma. Prominent companies are working on developing new smartphones & laptops integrated with this technology and are competing to introduce this technology and introduce the technology first intot the market.

Smartphones and display manufacturers including LG Display, Samsung, and BOE are innovating flexible OLEDs to develop efficient products, supporting the foldable display market growth. For instance, in 2019, BOE announced its plan to launch a new fourth-generation OLED production line in Fujian. The development of a new facility will increase the company’s flexible OLED capacity to approximately 192,000 units monthly. Additionally, in 2019, Samsung revealed its new foldable phone with a 7.3-inch bendable screen at CES 2019. The device is expected to get commercialized in the coming years after the elimination of structural faults in the phone.

foldable display market

Market Segmentation

By Display Type

OLED
LED
AMOLED

By Application

Smartphone Display
Televisions
Tablets And Notebook
Wearable Display

By Region:

Europe
North America
APAC
Latin America
Rest of World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways

Growth prospects
SWOT analysis
Key trends
Key data points affecting market growth

Objectives of the Study:

To provide an exhaustive analysis on the global foldable display market by display type, by application, and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies