US$ 3.2 Billion Global Flexible Display Market Size to Register Over 69% Growth in 2019
June 13, 2018 --
Global Flexible Display Market Value is expected to surpass USD 3.2 billion in 2018 and will register a CAGR of 63% between 2017 and 2028.
Over 125 million units of flexible display were shipped in 2017. The number is expected to more than double by 2020. This is a white space opportunity for engaged players and will help in generating high ROI during the forecast period.
The industry is highly consolidated with engaged companies primarily focusing on product development to differentiate their market positioning. Nearly 700 patents were filed between 2015 and 2017 with Samsung and LG accounting for highest number of patents. Global flexible display market will become hypercompetitive with advancement in technology and emergence of new entrants in the market.
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Bekryl’s market research report, Global Flexible Display Market Size Analysis and Industry Opportunity, finds North America to account for 43% of global share in 2018. The region has been at the forefront of adopting newer technology. While North America accounted for majority of the share, Asia Pacific will takeover the North America in terms of net revenue by 2020. This is primarily attributed to China’s strong macroeconomic outlook. Also, South East Asian Countries are registering impressive growth in industrial production. Collectively, the region represents 2.3 billion smartphone users with high sales of electronic products.
Some key trends from the Global Flexible Display Market:
Trend#1: Increased Consolidation in Flexible Display Market
According to Bekryl Market Analysts, the industry is highly consolidated with leading 5 players accounting for 88% of global share. Samsung and LG flexible display accounts for the highest share.
Trend#2: Plant Capacity Expansion
Global Flexible Display Market has grown manifolds since 2012. Companies are investing heavily on increasing their production capacity to meet the global demand. While Korea enjoys being the market leader in term of production capacity, China is increasingly investing in the technology to create favorable ecosystem for engaged companies.
In 2017, China based firm –BOE – announced the mass production of flexible displays in China. Similar such development was seen with Samsung announced to build world’s highest flexible display OLED plant capacity.
Trend#3: OLED to dominate the Flexible Display Industry by Technology
OLED to account for 77% of global share in 2018. OLED are self-emitting color gamut without staked structure. Much of the traction will be from smartphones and TV display demand.
To know more about Flexible Display Industry Insights, visit: https://bekryl.com/industry-trends/flexible-display-market-size-analysis
Some key global Flexible Display market players are Samsung Electronics Co., Ltd, LG Display Co., Ltd, Innolux Corporation, AU Optronics Corp., Japan Display Inc., Hannstar Display Corporation, Koninklijke Philips N.V., Chunghwa Picture Tubes Ltd, Osram Licht AG, BOE Technology Group Co., Ltd, Panasonic Corporation, Sharp Corporation, Acuity Brands Lighting, Inc., Pioneer Corporation, Ritek Corporation.
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