Flexible Display Market Size By Components (OLED Display, E-paper Display), Application (E-reader, Smart Phones, Tablet, Laptop), Panel Size (Up to 6”, Above 50”), & Region for 2024-2031

Flexible Display Market Valuation – 2024-2031

The global flexible display market is experiencing rapid growth, driven by technological advancements and increasing demand across various applications. According to the analyst from Market Research, the Flexible Display Market is estimated to reach a valuation of USD 168.94 Billion By 2031 over the forecast subjugating around USD 28.14 Billion valued in 2024.

Technological advancements in OLED, LCD, and electronic paper display (EPD) technologies are major drivers of the flexible display market. This rising demand enables the market to grow at a CAGR of 27.70% from 2024 to 2031.

Flexible Display Market Definition/ Overview

Flexible displays represent a significant advancement in display technology, allowing screens to bend, fold, roll, and flex while maintaining high-quality visual performance. Unlike traditional rigid screens, flexible displays use materials such as plastic substrates instead of glass, making them more durable and versatile. This flexibility is enabled by technologies like Organic Light Emitting Diodes (OLED), Liquid Crystal Displays (LCD), and Electronic Paper Displays (EPD)​.

Technological innovations, particularly in OLED and EPD technologies, have led to the development of foldable and rollable displays by companies like Samsung and TCL​. The rising demand for smart devices, including smartphones, tablets, smartwatches, and wearables, is a major driver, as flexible displays offer enhanced durability and versatility for these applications​​. Additionally, there is increasing utilization in digital signage and automotive sectors, where flexible displays provide more engaging and adaptable interface.

What are the factors that surge the demand for the Flexible Display Market?

Consumers crave larger screens for a more immersive viewing experience on their smartphones and tablets. However, bulky devices become inconvenient to carry around. Flexible displays offer a solution by enabling foldable or rollable devices that maximize screen real estate while maintaining portability.

Foldable and rollable displays allow for unique form factors that can transform a device’s functionality. For instance, a phone can unfold into a tablet-sized screen, providing a more comfortable reading or working experience.

Flexible displays can offer a sleek and futuristic look to devices. Additionally, some advancements address concerns about durability.  New materials and engineering approaches are making flexible displays more resistant to scratches and accidental bending.

What factors hinder the growth of the Flexible Display Market?

The additional functionalities and larger screen sizes of flexible displays can come at the expense of battery life.  Folding mechanisms themselves consume a small amount of extra power, and powering a larger display area with more pixels naturally requires more energy. Additionally, features like high refresh rates can further strain battery capacity. Manufacturers are working on optimizing power consumption through improved display technologies, low-power processors, and software optimizations that can adjust refresh rates based on content and user interactions.

The flexible display market is still relatively young, and the ecosystem of supporting materials, components, and manufacturing processes is still evolving. A lack of standardization across the industry can make it challenging for manufacturers to develop and scale production efficiently.

Moreover, advancements are being made, flexible displays are still perceived as being more susceptible to scratches, creases, and damage compared to rigid glass displays. This can be a significant concern for users who are worried about the longevity and robustness of their devices.

Category-Wise Acumens

How does the increasing adoption of OLED-based flexible displays impact the market growth?

According to analysis, the OLED-based flexible displays segment is estimated to hold the largest market share during the forecast period. OLED technology offers several advantages over traditional LCDs, including superior picture quality with deeper blacks, wider viewing angles, and thinner, lighter profiles. These features are even more pronounced in flexible displays, creating a more immersive and visually appealing experience for users on foldable or rollable devices.

The inherent flexibility of OLED technology is perfectly suited for foldable and rollable displays. Unlike traditional LCD panels that would crack under such bending, OLED displays can conform to these new form factors, opening doors for innovative device designs like foldable smartphones and rollable TVs. This variety caters to consumer preferences for larger screens with improved portability and creates a more versatile user experience.

OLED displays are generally known for their better energy efficiency compared to LCDs. This is particularly beneficial for flexible devices where battery life can be a concern. Since OLED pixels only illuminate when needed (unlike LCD backlights that are always on), the power consumption of OLED displays can be lower, especially when displaying dark content. This helps to extend battery life and improve overall device performance.

How does the 20-50 segment propel the growth of the Flexible Display Market?

The 20-50-inch segment is anticipated to register the highest within the flexible display market. This segment offers the potential for portable laptops with larger screens that unfold for a more productive workspace or rollable TVs that can disappear into a wall cavity when not in use. These innovative applications hold immense appeal for consumers seeking a blend of portability and functionality.

The larger screen real estate in this segment allows for a more immersive viewing experience for content consumption, particularly for applications like TVs, gaming consoles, and portable monitors. This caters to the growing trend of users consuming multimedia content at home or on the go.

As the technology matures, flexible displays are becoming larger without compromising on functionality. This opens doors for the 20-50-inch segment to become a viable option for various applications.

Gain Access to the Flexible Display Market Report Methodology

Country/Region-wise Acumens

How is the demand for the Flexible Display Market influencing the growth of the market in Asia Pacific?

According to analysts, Asia Pacific is estimated to dominate the Flexible Display Market during the forecast period. The Asia Pacific region, particularly China, South Korea, and Taiwan houses a significant portion of the global consumer electronics manufacturing base. This makes it a natural fit for flexible display production due to the proximity to major device assemblers. This geographical advantage translates to lower transportation costs and efficient supply chains.

Moreover, the Asia Pacific region is a massive consumer electronics market with a rapidly growing middle class. This translates into a high demand for smartphones, tablets, and other devices that could potentially benefit from flexible displays. Consumers in this region are increasingly tech-savvy and eager to adopt the latest advancements. Flexible displays offer unique functionalities and form factors that cater to this desire for innovation. For instance, foldable smartphones with larger screens can enhance the multimedia consumption experience on mobile devices. Similarly, rollable tablets provide a more compact and portable option for users who are constantly on the go. The growing demand for these innovative devices fuels the production of flexible displays in Asia Pacific.

What factors contribute to the potential opportunities in North America?

North America region is estimated to grow at the highest CAGR within the Flexible Display Market during the forecast period. There is a robust demand for consumer electronics in North America, driven by the increasing adoption of smartphones, tablets, and wearables. Flexible displays enhance these devices by offering greater durability and innovative form factors, which appeal to tech-savvy consumers​

The region benefits from leading technological innovations and the presence of major tech companies like Samsung and LG, which are at the forefront of developing advanced OLED and other flexible display technologies. These innovations are critical for the proliferation of flexible displays in various applications, including smartphones, wearables, and digital signage. Collaborations and partnerships among these companies foster innovation and market growth.

Competitive Landscape

The competitive landscape of the Flexible Display Market is defined by significant innovation and competition, driven by the leading technology companies and emerging players. The market is moderately fragmented, with numerous regional and global companies striving to enhance their technological capabilities and market presence.

Some of the prominent players operating in the Flexible Display Market includeSamsung Display, LG Display, BOE Technology Group Co., Ltd., Royole Corporation, Visionox, Sharp Corporation, AU Optronics (AUO), apan Display Inc. (JDI), E Ink Holdings Inc., EverDisplay Optronics (Shanghai) Limited (EDO), Tianma Micro-electronics Co., Ltd., Truly Semiconductors Ltd.

Latest Developments

• In 2024, Samsung is expected to maintain its dominance in the foldable display market with the release of new iterations of its Galaxy Z Fold and Z Flip phones.

Report Scope

Flexible Display Market, By Category

Component

• OLED Display
• E-paper Display
• Quantum dot LED Display
• LED-Backlit LCD

Application

• E-reader
• Smart Phones
• Tablet
• Laptop
• E-paper
• Television

Panel Size

• Up to 6”
• Above 50”
• 20-50”
• 6-20”

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa