Foldable Display Market to Grow at a Double-Digit CAGR Through 2025
Technological advancements
in the OLED display technology and growing demand for portable devices with
large and high definition displays to drive global foldable display market
through 2025
According to
TechSci Research report, “Global Foldable
Display Market By Technology, By Application, By Region, Competition,
Forecast & Opportunities, 2025”, the global foldable
display market was valued close to USD60 million and is projected to grow at a double
digit CAGR during the forecast period on account of increasing ownership of
smartphones and technological advancements in the display technologies such as
OLED.
Foldable display
market, globally, can be segmented based on technology, application and region.
In terms of technology, OLED segment is expected to be the leading technology
as it is the preferred over others for flexible or foldable displays owing to
its flexibility and faster response rate. Based on the application, foldable
displays are available only in handful of smartphones, therefore, smartphone/tablet
is expected to account for the largest share in 2019. However,
companies are expected to commercially launch products in other application
segments as well. For instance, LG electronics announced to launch its roll-up
television at CES 2019.
Xiaomi Corp., LG
Electronics Inc., Royole Corporation, Samsung Electronics Co., Ltd., Apple Inc.,
Lenovo Group Limited, and Motorola, Inc., among others are the leading
players operating in global foldable display market. The companies operating in
the market are focusing on organic strategies in which they are investing in
R&D and product launches. For instance, Samsung recently launched Samsung
W20 and Galaxy Fold smartphones which come with foldable displays. As only a handful
of companies are operating in the foldable or flexible display, so the companies
are rushing their product launches for gaining a competitive edge over other
players.
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“Asia-Pacific
is expected to grow at highest CAGR during the forecast period on account of flourishing
consumer electronics market and high sales of smartphones in the region.
Countries such as China and South Korea, are home to leading electronic market players
such as Huawei, Samsung and LG, among others, which are launching products and
investing in the R&D of foldable displays, thus, the region is expected to
witness rapid adoption of foldable displays in comparison to other regional
markets.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Foldable Display Market By Technology,
By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global foldable
display market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global foldable display market.
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