Flexible & Transparent Displays Market to Cross $480 Million in 2015
Continuous
investments in manufacturing of consumer electronics coupled with new
technological advancements has driven the market for flexible and transparent displays
According to a recently released
TechSci Research report, “Global Flexible and Transparent Displays Market Forecast and Opportunities, 2020”, the global market for flexible
and transparent displays is bound to cross $480 Million in 2015. The market is
expected to witness tremendous growth over the next five years on account of
rising investments by various display manufacturing companies along with introduction
of new and advanced technologies. In addition, rising adoption of electronic
devices by consumers is also leading to a significant growth in global flexible
and transparent displays market. The Americas and Europe were
the major markets for flexible & transparent displays in 2014. However, Asia-Pacific is expected to emerge as the fastest growing market for
flexible and transparent displays in the coming years due to large consumer
base and surging adoption of various consumer electronic devices such as
smartphones, LED televisions, etc.
Smartphones and televisions are
anticipated to be the major application areas for transparent and flexible
displays. Increasing manufacturing of electronic devices, growing purchasing
power of consumers and rising adoption of smartphones is projected to
contribute significantly to growth of flexible and transparent displays market.
In addition, growing demand for digital signages, Head-Up
Displays (HUDs), infotainment systems, Head Mounted Displays (HMDs), etc., is
expected to fuel consumption of flexible and transparent displays during the
forecast period. In 2014, LG Displays and Samsung Displays dominated
the global flexible and transparent displays market.
“Various
technological advancements have fueled growth in the global market for flexible
and transparent displays over the past few years. Adoption of such displays by
smartphone manufacturers and other consumer electronics manufacturers, has led
to introduction of foldable smartphones and other innovations. With companies increasing
their focus on product differentiation, these new technologies are anticipated
to revolutionize the consumer electronics landscape over the next few years.” said
Ms. Neha Tayal, Consultant with TechSci Research, a research based global
management consulting firm.
Global Flexible and Transparent Displays Market Forecast and Opportunities, 2020” has evaluated the
future growth potential of global flexible and transparent displays market and
provided statistics and information on market structure, size, share and future
growth of global flexible & transparent displays market. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and analyzes
emerging trends along with essential drivers, challenges and opportunities available
in the global flexible & transparent displays market.