Evolution in the field of display from Cathode Ray Tube (CRT) to LCD, LED to flexible displays is expected to propel global market growth over the next seven years. Increasing application in smartphones, tablets, laptop, and other consumer gadgets such as watches is anticipated to augment flexible display market growth over the forecast period. Flexible displays are rugged, light weight, thin, non brittle, and portable. Flexible displays are expected to gain market share among consumers on account of aforementioned intrinsic properties and is expected to drive demand over the foreseeable future. Technological advancement and product innovation in making lighter and ecofriendly devices is anticipated to propel flexible display market growth in near future. Fast growing smartphones market across the globe is further likely to boost the flexible display demand over the next seven years. Emerging application in digital signage and military equipment is expected to create lucrative opportunities for the existing as well as new market participants. Polymers and glass reinforced plastics (GRP) are the important raw material used in manufacturing flexible display. Emerging polymers market and advancement in the field of bio-based polymers may lead to easy availability of the raw material in large amount. This trend is expected to positively impact flexible display market over the forecast period.
On the basis of products, flexible display market has been segmented into electrophoretic displays, organic light emitting diode (OLED), and liquid crystal display (LCD). Low cost and light weight of OLED has led to its usage in many smartphones, television, and tablet. This advantageous factor is expected to surge OLED demand in electronics industry which in turn is likely to drive flexible display market growth over the forecast period. BMW is planning to use OLED in tail and interior lights. This may open new opportunities for the market on account of growing expensive and premium car demand worldwide. Flexible displays are also employed in several applications such as E-book reader, E-paper, and potable television. Increased usage of social networking sites has led to an increase in smartphones demand among youth in countries such as India, China and Brazil. This trend is expected to foster flexible display market growth in the region.
Asia Pacific is one of the key regional market on account of increased television and smartphones demand in nations such as India, China, and Thailand. North America and Europe flexible display markets are expected to experience significant growth on account of expanding smartphones market in U.S., UK, and Germany. Considerable electronics market growth in Latin America is expected to boost flexible display demand in the region.
In 2013, LG launched world’s first flexible display smartphones. Companies such as Samsung and Sony are also planning to commercialize flexible display smartphones in market. Some global companies operating in the market include DuPont Display, Atmel Corporation, HP Company, Corning Incorporated, Philips Electronics, LG Display Co Ltd., Polymer Display, Sony Corporation, Materion Corporation, Samsung Display, and Kent Display among others.
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