The global foldable display market is witnessing an astounding growth which is recorded at a CAGR of 62%. The market is also anticipated to touch a valuation of USD 1, 549.4 million in the forecast period.
A foldable display is an electronic display having high flexibility is considered a better version of traditional flat-surface displays. The fascinating part of the foldable display is the technology that can be either rolled-up, twisted, and can be folded like a paper according to its specific use. The technology employed in the foldable display is emerging day by day, which is creating a revolution in the semiconductor industry and electronics industry. The global foldable display market is inflating at a rapid pace as a lot of factors are backing it with an estimation of future expansion.
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The key players with global presence in the foldable display market are identified as Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd (South Korea), BOE Technology Group Co. (China), Applied Materials, Inc. (US), Royole Corporation (China), Semiconductor Energy Laboratory Co., Ltd (Japan), Tianma Microelectronics Co., Ltd (China), C3Nano, Inc. (US), Altenergy Power System, Inc. (US), and Visionox Technology Inc. (US).
June 27, 2019: More Samsung foldable phones are coming soon. It was reported that Samsung would be launching a wide range of foldable smartphones, including phones that fold outward. The outward folding device may even hit the market ground before Huawei’s Mate X September 2019 launch.
June 24, 2019: Microsoft claimed of launching a foldable surface computer in the first half of 2020. The device will be powered by Windows 10, but will also be able to run Android apps.
Market Drivers & Trends
Among the major factors, the foldable displays’ ability to be resistant to heat and highly flexible is gaining accolades from smartphone manufacturers, rapid advancements in OLED, and AMOLED technologies. The key manufacturers in global foldable device market such as LG Display, Samsung Electronics, Huawei, and Visionox marveled by introducing various specifications on thickness, pixel density, and materials for foldable devices. These factors have tremendously contributed to market growth over the years and are anticipated to reach heights in valuation during the assessment period.
The smooth workflow and the use of polyimide, a polymer used in folded displays, make it robust which, in turn, boosts the market growth. At the same time, the use of thinner displays, ease of usability as well as excellent display adds as a factor for the market to rise during the forecast period. In addition, the integration of flexible displays in the new range of smartwatches has also driven market growth.
The booming OLED technology is currently ruling in all smart devices for which it is now preferred widely than LED due to its superiority in terms of picture quality and color accuracy. Presently, the players/manufacturers are continuously investing in upgrading the display technology to provide cost-effective foldable displays for various applications. These factors are leading and highly contributing to the market growth in the present time. Therefore, with the presence of key players in this ground such as Samsung Electronics, Sony Corporation, and LG Display, the global foldable display market is anticipated to increase its expansion at a rapid pace during the assessment period.
The detailed analysis of the global foldable display market can be segmented by type and application.
In terms of type: It includes LED, OLED, and AMOLED.
In terms of application: It includes smartphone display, tablets and notebook, television, and wearable display.
Foldable Display Market Regional Analysis
The market for foldable display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographic analysis of foldable display market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis,
Asia-Pacific dominates the global foldable display market in terms of revenue generation during the forecast period. The market growth in Asia-Pacific is owing to the rich concentration of display device manufacturers. Moreover, the region has experienced a high demand for technically advanced and high-resolution smartphones and smartwatch display. This has increased the overall need to produce more OLED based foldable displays for the new and upgraded smartphones. Although, the consumer electronics market in the Middle East & Africa is increasing at a rapid rate with higher ownership of smartphones and internet from Jordan, and Israel, the region lacks display manufacturers; this makes the revenue generation capacity of the region less as compared to the others. On the other hand, the market in North America is also growing with the second highest CAGR during the forecast period. The major contributor to North American market growth includes countries such as the US and Canada, where a lot of start-ups are outsourcing their manufacturing and heavily investing in entering the foldable display market.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Research Methodology
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Foldable Display
5 Market Landscape
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
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LIST OF TABLES
Table 1 Global Foldable Display Market, By Type, 2019–2024
Table 2 Global Foldable Display Market, By Application, 2019–2024
Table 3 Global Foldable Display Market, By Region, 2019–2024
Table 4 North America: Foldable Display Market, By Country, 2019–2024
Table 5 North America Foldable Display, Market, By Type, 2019–2024
LIST OF FIGURES
FIGURE 1 Global Foldable Display Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Foldable Display Market
FIGURE 4 Value Chain Of Global Foldable Display Market
FIGURE 5 Share Of Global Foldable Display Market In 2017, By Country (In %)
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