Press Release

Foldable Display Market Estimated at $ 3 Billion in 2019

Technological advancements in OLED display technology and growing demand for portable devices with large and high definition displays to drive global foldable display market through 2029

According to TechSci Research report, Global Foldable Display Market By Technology, By Application, By Region, Competition, Forecast & Opportunities, 2029”, the global foldable display market is valued at around $ 3 billion in 2019 and is projected to grow at a double digit CAGR over the next ten years on account of increasing ownership of smartphones and technological advancements in display technologies such as OLED and AMOLED. Foldable display market, globally, can be segmented based on technology, application and region. In terms of technology, AMOLED segment is expected to be the leading technology as it is preferred over others in flexible or foldable displays owing to its flexibility and faster response rate.

Browse 19 market data Tables and 90 Figures spread through 110 Pages and an in-depth TOC on "Global Foldable Display Market"

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Based on the application, foldable displays are currently available only in a handful of smartphones, making the smartphone segment the largest application segment in 2019. However, an increasing number of companies are expected to commercially launch products in other application segments as well in the foreseeable future. For instance, Lenovo announced its plans to launch a Foldable notebook in 2020 and Apple also voiced intentions to roll-out new foldable display devices in the coming years. Xiaomi Corp., Royole Corporation, Samsung Electronics Co., Ltd., Huawei Technologies, and Motorola, Inc., among others are the leading players operating in the global foldable display market. Major market players are increasing their investments in R&D and new product launches to gain market traction. For instance, Samsung recently launched Samsung W20 and Galaxy Fold smartphones, which come with foldable displays

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“Europe 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 UK, France, Germany and other European countries are the major consumers of electronics and electrical products in world due to their high per capita income levels as well as high consumer acceptance for new technology devices, which is expected to result in faster adoption of foldable displays in comparison to other regional markets across the globe.” 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, 2029” 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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