Flexible Display Market – Increasing Sales of Consumer Electronics Improve Demand

The global flexible display market has been prophesied by Transparency Market Research (TMR) to witness mergers and acquisitions considered carefully by players to secure a dominating position in the near future. According to a TMR report, leading players such as Koninklijke Philips N.V., Atmel Corporation, Universal Display Corporation, Samsung Electronics Co. Ltd., and Panasonic Corporation could look to cement a strong status in the market. With a view to expand their shares further, players have been anticipated to take to product line expansions and new product launches.

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TMR has envisaged the global flexible display market to earn a valuation of US$47.8 bn by the completion of 2025 at a CAGR of 33.5% during the forecast tenure 2017-2025. In 2016, the market had been worth a US$4.5 bn only. As per a classification by form factor, the market could testify the dominance of the curved display segment expected to account for a colossal share in the coming years. With regard to regional segmentation, North America could take the driver’s seat in the market while attaining a valuation of US$18.2 bn for its market by 2025.

The world flexible display market has been introducing technologically attractive and cutting-edge products expected to draw an enormous customer base in the foreseeable future. This could be a result of persistent research and development activities performed in the industry. Flexible displays could steal a march on rigid and heavy conventional displays because of their technologically superior attributes. The surging sales of computer and television peripherals, smartphones, wearable devices, and other consumer electronics could significantly augment the demand for flexible display.

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Owing to their bendable nature and durability, flexible displays have found several applications in the field of portable electronics. Flexible displays possess improved image quality and consume less power because of their sophisticated light emitting diode (LED) drivers and portable nature.

Steep manufacturing costs and complex manufacturing processes could pose a threat to the growth of the international flexible display market. Nevertheless, a turbo-charged growth has been projected to be fueled in the market due to the advent of curved display televisions and smartphones with enhanced features. Top companies such as Samsung and LG have been introducing various products in the market that could considerably proliferate the prominence of flexible display.