Press Release

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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