In 2022, the market size for flexible display technology was assessed at USD 19 billion. The market for Flexible Display Technology is anticipated to increase from USD 35 Billion in 2023 to USD 250 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 35.00% over the forecast period (2023 – 2030).
A display that is bendable, unbreakable, thin, and flexible is known as a flexible display. Manufacturers and customers alike desire screens without the size, durability, or weight limitations of glass-based displays. All of these disadvantages will be solved by the flexible display, which is a big incentive for manufacturers to implement flexible displays in a variety of goods, such as smartphones, televisions, digital signs, and e-paper. A flexible display or retractable display is an electronic visual display that is flexible, as opposed to the traditional flat screen displays seen on the majority of electronic gadgets.
The growing demand for flexible displays is predicted to create growth possibilities for market leaders in industries such as healthcare and automotive. The flexible display industry has lately witnessed considerable technical developments. Display devices have gone from being large and space-consuming to becoming compact and bezel-less. Compared to prior CRT-based display systems, they now feature a greater contrast ratio, a higher resolution, and a lower power consumption. Due to severe competition in the display sector, new products with eye-catching looks and cutting-edge specs have been created and produced. Due to severe competition in the display sector, new products with eye-catching looks and cutting-edge specs have been created and produced.
Market Trends
The demand for connected and autonomous autos is predicted to fuel the market for flexible display technologies. Flexible displays are ideal for car displays such as instrument clusters, center consoles, and infotainment systems since they are thin, lightweight, and can be bent or twisted. As the automotive industry moves to connected and autonomous vehicles, the demand for cutting-edge display technology is growing. These cars require displays that can communicate with the driver and passengers and display real-time data. Flexible displays are a cost-effective solution since they can be mass-produced and customized to accommodate a variety of shapes and sizes.
In addition to the automobile industry, flexible display technology is utilized in consumer electronics and healthcare. The desire for wearables and other portable electronics is driving the market for flexible displays. Medical applications such as smart patches and medical sensors use flexible screens. The rising usage of OLED (organic light-emitting diode) technology is also driving the flexible display technology industry. OLEDs are ideal for use in flexible displays since they are thin, lightweight, and flexible. Due to its high resolution, color accuracy, and low battery consumption, OLED displays are ideally suited for portable and mobile devices.
APN Settings Team