The Foldable Display Market is projected to grow significantly in the coming years, with the increasing demand for smart and flexible displays in the electronics industry. The market has witnessed a paradigm shift from rigid and bulky displays to flexible, light-weight, and durable displays. The Foldable Display Market offers a wide range of opportunities for various end-use industries such as consumer electronics, automotive, aerospace, and defense. The market is expected to witness a significant growth rate of 23% during the forecast period of 2021-2026.
A foldable display is a type of display that is flexible, bendable, and can be folded without damage. These displays can be folded or unfolded to form various shapes and sizes, making them ideal for portable and wearable devices. The Foldable Display Market has revolutionized the display industry by offering a compact, durable, and flexible display solution that can be used in various applications such as smartphones, tablets, laptops, and wearables.
Executive Summary:
The Foldable Display Market is expected to grow significantly in the coming years, with the increasing demand for flexible and durable displays in the electronics industry. The market offers a wide range of opportunities for various end-use industries such as consumer electronics, automotive, aerospace, and defense. The market is expected to witness a significant growth rate of 23% during the forecast period of 2021-2026.
Important Note:ย The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights:
- The Foldable Display Market is expected to witness significant growth due to the increasing demand for flexible and durable displays in the electronics industry.
- The market offers a wide range of opportunities for various end-use industries such as consumer electronics, automotive, aerospace, and defense.
- The Asia-Pacific region is expected to dominate the Foldable Display Market due to the presence of major manufacturers and the increasing demand for smartphones and tablets in the region.
- The market is expected to witness a significant growth rate of 23% during the forecast period of 2021-2026.
Market Drivers:
- Increasing demand for smart and flexible displays in the electronics industry.
- Advancements in display technology, such as organic light-emitting diodes (OLED) and quantum dots (QD), are driving the growth of the Foldable Display Market.
- The rise in disposable income and the increasing purchasing power of consumers is driving the demand for smartphones and tablets, thereby fueling the growth of the Foldable Display Market.
Market Restraints:
- The high cost of foldable displays is a major restraint for the growth of the market.
- The complex manufacturing process of foldable displays is another major restraint for the market.
Market Opportunities:
- The increasing demand for flexible and durable displays in the automotive industry offers a significant opportunity for the growth of the Foldable Display Market.
- The increasing demand for smart and wearable devices is another major opportunity for the market.
Market Dynamics:
The Foldable Display Market is highly dynamic and is influenced by various factors such as technological advancements, consumer preferences, and changing market trends. The market is expected to witness significant growth due to the increasing demand for smart and flexible displays in the electronics industry. The market is also influenced by the rise in disposable income and the increasing purchasing power of consumers.
Regional Analysis:
The Asia-Pacific region is expected to dominate the Foldable Display Market due to the presence of major manufacturers and the increasing demand for smartphones and tablets in the region. North America and Europe are also expected to witness significant growth due to the increasing adoption of foldable displays in the automotive and aerospace industries.
Competitive Landscape:
Leading companies in the Foldable Display Market:
- 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)
- Visionox Technology Inc. (US)
- 3M Company (US)
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation:
The Foldable Display Market can be segmented based on technology, application, and region. Based on technology, the market can be segmented into OLED, LED, and e-paper displays. Based on application, the market can be segmented into smartphones, tablets, laptops, wearables, automotive displays, and others.
Category-wise Insights:
The smartphones category is expected to dominate the Foldable Display Market due to the increasing demand for foldable displays in smartphones. The tablets category is also expected to witness significant growth due to the increasing adoption of foldable displays in tablets.
Key Benefits for Industry Participants and Stakeholders:
- The Foldable Display Market offers a wide range of opportunities for various end-use industries such as consumer electronics, automotive, aerospace, and defense.
- The market is expected to witness a significant growth rate of 23% during the forecast period of 2021-2026.
- The increasing demand for smart and flexible displays in the electronics industry offers a significant opportunity for industry participants and stakeholders.
SWOT Analysis:
Strengths:
- The Foldable Display Market offers a wide range of opportunities for various end-use industries.
- The market is expected to witness significant growth due to the increasing demand for flexible and durable displays.
Weaknesses:
- The high cost of foldable displays is a major weakness for the market.
- The complex manufacturing process of foldable displays is another major weakness for the market.
Opportunities:
- The increasing demand for flexible and durable displays in the automotive industry offers a significant opportunity for the growth of the Foldable Display Market.
- The increasing demand for smart and wearable devices is another major opportunity for the market.
Threats:
- The intense competition in the market is a major threat for the growth of the market.
- The ongoing COVID-19 pandemic has disrupted the global supply chain and is expected to impact the growth of the market.
Market Key Trends:
- The increasing adoption of foldable displays in smartphones and tablets is a major trend in the Foldable Display Market.
- The rising demand for flexible and durable displays in the automotive industry is another major trend in the market.
Covid-19 Impact:
The ongoing COVID-19 pandemic has disrupted the global supply chain and has impacted the growth of the Foldable Display Market. The pandemic has led to a slowdown in manufacturing activities and has disrupted the global supply chain. However, the market is expected to witness significant growth in the post-pandemic period due to the increasing demand for smart and flexible displays in the electronics industry.
Key Industry Developments:
- In September 2020, Samsung Display unveiled a new foldable display technology that can be folded inwards, making it more durable and resistant to damage.
- In August 2020, LG Display announced the launch of a 65-inch rollable OLED TV, which can be rolled up like a poster.
Analyst Suggestions:
- Industry participants and stakeholders should focus on product innovation and development to gain a competitive edge in the market.
- Industry participants and stakeholders should adopt strategies such as partnerships, collaborations, and acquisitions to expand their market share.
Future Outlook:
The Foldable Display Market is expected to witness significant growth in the coming years, with the increasing demand for smart and flexible displays in the electronics industry. The market is expected to witness a significant growth rate of 23% during the forecast period of 2021-2026. The market is also expected to witness the entry of new players, which is expected to intensify the competition in the market. The market is expected to witness significant growth in the post-pandemic period due to the increasing demand for flexible and durable displays in the electronics industry.
Conclusion:
In conclusion, the Foldable Display Market is a rapidly growing market that offers a wide range of opportunities for various end-use industries. The market is witnessing a paradigm shift from rigid and bulky displays to flexible and durable displays. The market is expected to witness significant growth in the coming years, with the increasing demand for smart and flexible displays in the electronics industry. The market is also expected to witness the entry of new players, which is expected to intensify the competition in the market. The major players in the market are focusing on product innovation and development to gain a competitive edge. They are also adopting strategies such as partnerships, collaborations, and acquisitions to expand their market share.
Industry participants and stakeholders should focus on product innovation and development to gain a competitive edge in the market. They should also adopt strategies such as partnerships, collaborations, and acquisitions to expand their market share. The Foldable Display Market is a promising market that offers a wide range of opportunities for growth and development in the coming years. Furthermore, the increasing adoption of foldable displays in smartphones, tablets, and wearables is expected to drive the growth of the market. The rise in disposable income and the increasing purchasing power of consumers are also fueling the demand for foldable displays in the consumer electronics industry. Moreover, the increasing demand for flexible and durable displays in the automotive industry is another major opportunity for the growth of the Foldable Display Market.