Flexible Display Market 2020: Global Industry Trends, Market Size & Growth, Segmentation, Future Demands, Latest Innovation, Sales Revenue by Regional Forecast to 2024
Global “Flexible Display Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Flexible Display market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Flexible Display market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Flexible Display Market Research Report 2020-2023
- LG Display Co.
- Ltd
- Samsung Electronics Co.
- Ltd
- AU Optronics Corp.
- Innolux Corporation
- Sharp Corporation
- BOE Technology Group Co.
- Ltd
- Japan Display Inc.
- Hannstar Display Corporation
- Panasonic Corporation
- Chunghwa Picture Tubes Ltd
- Acuity Brands Lighting
- Inc.
- Koninklijke Philips N.V.
- Osram Licht AG
- Pioneer Corporation
- Ritek Corporation
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Overview of Flexible Display Market:
The flexible display market was valued at USD 3.676 billion in 2017, and is expected to reach a value of USD 21.956 billion by 2023 at a CAGR of 34.32%, over the forecast period (2020 - 2023). The report discusses the type of technology used in flexible displays. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.The flexible display technology offers various benefits, such as lightweight, flexible, brighter, less power, and shatter-proof, which evolve as the major driving forces in flexible display technology. Owing to the rising demand for consumer electronics, such as wearable devices, smartphones, and television and computer peripherals, and high adoption in entertainment and gaming, the market for flexible displays is expected to witness a significant growth rate over the forecast period. However, high levels of manufacturing complexities has been a major challenge, affecting large-scale adoption. Recent technological innovations, such as the development of flexible transistors, with extreme bending ability, is expected to address the manufacturing challenges.OLED Technology Segment is Expected to Witness the Highest GrowthOLEDs (organic light emitting diodes) are comparatively lighter and thinner than regular LCDs, as they do not need any backlight or filters and allow the display to be bent, rolled, and folded. The demand for flexible displays over rigid majorly arises from the consumer electronics sector, such as smartphone, tablets, display screens, and various others. It is expected that OLED displays could occupy more than 35% of the smartphone displays by the end of 2020. With increased smartphone adoption globally, the demand for high definition ultra- high displays is growing at a fast rate.Moreover, with innovations in AMOLED displays, the demand for OLED is growing. With many companies, such as Apple and Samsung employing AMOLED displays in their flagship models, other companies are following the trend. Increasing disposable incomes are causing consumers to spend more for high-end devices, which further increases the demand for smartphones, thus driving the demand for OLEDs flexible displays.The Television Segment to Dominate the Market With the Largest ShareWith increasing spending power of customers, the demand for high resolution television sets is increasing. A significant rise in premium consumer electronics market in emerging countries, such as China, India, and Brazil is favoring the conditions for 4K television sets. Moreover, changing consumer preferences over traditional displays, owing to the high adoption of advanced technologies in filming, is driving consumers to prefer high-resolution display products. Further, the increase in average TV screen sizes across the globe is making manufacturers manufacture products with high- resolution displays to withstand the competition. Although, manufacturing of OLED is more expensive and complex than LCD TVs, the mass manufacturing processes that act as a huge value addition for the companies, mitigates the overall cost of OLED products.Asia Pacific is Expected to Witness the Highest Growth RateThe Asia-Pacific flexible display market is expected to show high growth in the future as top display manufacturers, such as Samsung, LG, Sony, AUO, and E Ink Holdings are based in the region. Hence, it is a preferred market for cell phone, tablet, laptop, and television manufacturers across the world. Asia-Pacific also has the highest growth rate for many consumer products, such as smartphones, tablets, laptops, and TVs because of presence of key manufacturers like Samsung, LG, Sony, Sharp, Panasonic, and Acer Inc. in the region. Surge in the demand for smartphones has played a significant role in the demand for flexible displays in the region. APAC has approximately 2 billion users of smartphone and, the region is also home to some of the prominent manufacturers of OLEDs. The government of South Korea is encouraging the development of OLED supply chain and is contributing to support universities and research institutes. The South Korean government also granted permission to LG to build an OLED panel manufacturing plant in Guangzhou. The plant is scheduled to be completed in the second quarter of 2020, and it can produce 60,000 8.5-gen OLED panels a month.
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Key Highlights from Flexible Display Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Flexible Display industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Flexible Display Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Flexible Display Market report additionally provides distribution, Production, Consumption for the complete industry.
Flexible Display Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reasons to Purchase the Report
- Impact of increasing demand for OLED in smart phone panels on the market
- Analyzing various perspectives of the market with the help of Porter’s Five Forces analysis
- Growth of various displays, such as LCDs, LEDs, OLEDs
- Regional analysis of the market
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel)
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Flexible Display Market 2020 Report Brief:-
- The report covers forecast and analysis for the Flexible Display market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Flexible Display market
- The report includes detailed company profiles of the prominent market players
Look into Table of Content of Flexible Display Market 2020 Research Report at
https://www.360researchreports.com/TOC/13102957#TOC
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