LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global flexible displays market size is projected to grow to USD 16.66 billion by 2021, at a CAGR of more than 35% over the forecast period.
This research report titled ‘Global Flexible Displays Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
“Flexible displays are next-generation thin electronic display screens that are lightweight, foldable, and bendable. The technological advances in the market space and the creation of the related intellectual property rights acts as a major driving factor behind the impressive growth of the flexible displays market,” says Sunil Kumar Singh, a lead analyst at Technavio for displays research.
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Based on technology, the report categorizes the global flexible displays market into the following segments:
- Organic light emitting diode (OLED)
- Electronic paper display (EPD)
- Liquid crystal display (LCD)
Organic light emitting diode (OLED)
Organic light emitting diode (OLED) is a self-illuminating technology majorly used in the making of flexible displays. OLED displays can provide flexible display surfaces without hindering any other crucial attributes of the product. Key vendors such as Samsung Display and LG Display are focusing on rapidly introducing flexible OLED displays, which can be bent, rolled, and stretched. The demand for thinner, flexible displays with wider viewing angles is driving the demand for OLED displays. This segment generates close to 77% of the overall market revenue and is expected to show robust growth over the forecast period.
Electronic paper display (EPD)
Flexible electronic paper display (EPD) is a relatively new technology, which is being developed to provide a value proposition to customers. These displays provide monochrome support, with full-color EPD displays in the R&D phase of development, and awaiting commercialization on a large scale.
“E-paper displays are being adopted as they reduce the weight of the display by up to 50% while making it less bulky and non-breakable. This segment of the market is expected to show an impressive growth with a CAGR of over 17% over the forecast period,” says Sunil.
Liquid crystal display (LCD)
LCD is a non-emissive technology, which makes use of a backlighting unit as a light source. Flexible LCD units comprise of flexible displays as well as flexible backlighting units. Even though it was initially hard to achieve, advent in technology has paved the way for LDC-based flexible display products. Despite the availability of these products, the demand is expected to be minimal due to the complexity of production. The segment is projected to grow at a CAGR of close to 6% over the forecast period.
The top vendors highlighted by Technavio’s research analysts in this report are:
- LG Display
- Samsung Display
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- Global Large Area Displays Market 2017-2021
- Global Flexible Electronics Market 2016-2020
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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