Pune, India -- (SBWIRE) -- 07/13/2018 -- Market Scenario
Flexible display technology is a advanced display technology which are flexible in nature, it can be folded, twisted without any alteration. Flexible display is thin and unbreakable in nature. Flexible display technology can be differentiated on the basis of technology as Liquid crystal display (LCD), Organic light emitting diode (OLED) and Electronic paper display (EPD). Organic light emitting diode is a layer of emissive electroluminescent film of organic compounds which emit light when connected to an electric current. Electronic paper display reflects light like a real paper.
In today's developing environment innovation of new technologies is a trend. The flexible display technology has many benefits as lightweight, flexible, brighter, less power and shatter-proof which evolve as the major driving factors in flexible display technology. Flexible display offers many advantages over traditional display technology. The materials used for flexible display technology are organic compound, these material show low resistance to high temperature. This is one of the restraining factor in flexible display technology. But the study indicates that improvements are in process to overcome it. Increased demand of miniaturization has increased the Flexible Display Technology Market. Innovation is a key driver in the Flexible Display Technology Market. The rise in the popularity of smartphones, tablets, TVs and others have contributed to the flexible technology market.
The global Flexible Display Technology Market is expected to grow at USD ~36 Billion by 2022, at ~21% of CAGR between 2016 and 2022.
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Key Players
The prominent players in the Flexible display technology Market are - Samsung Display (Korea), LG Display Co. Ltd. (South Korea), Hewlett-Packard Company (U.S.), Sony Corporation (Japan), Atmel Corporation (U.S.), Kent Displays Inc. (U.S.) Universal Display Corporation (U.S.), Novaled AG (Germany), Dupont Display (U.S.), Corning Inc. (U.S.), Philips Electronics (Netherlands), Materion Corporation (U.S.), AU Optronics (Taiwan), E Ink Holdings Inc. (Taiwan) among others
Flexible display technology Market Segmentation
The Flexible display technology Market has been segmented on the basis of technology, application, component, material, end-user and region. Looking through the technology segment it has been observed that Organic light emitting diode (OLED) has shown a substantial increase in Flexible display technology market. Considering the applications of flexible display technology the smartphone and smart watches applications are extensively adopting the flexible display technology.
By the end-users segment, consumer electronics sector has dominated the flexible display technology market. The study reveals that industries such as automotive and healthcare would adopt the flexible display technology for the display equipment. The market trend shows that there would be an increase of flexible display technology market in the automotive and healthcare sector by the forecast period.
Market Research Analysis:
Market Research Future Analysis shows that there are many companies like Samsung and LG Electronics have adopted flexible display technology. The major benefits of flexible display technology lightweight, flexible, brighter, less power consumption and others. These factors would definitely increase the flexible display technology market very soon.
On geographic basis, Flexible display technology market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the flexible display technology market. Many companies like Samsung Display, LG Display Co. Ltd. are the major contributors to the flexible display technology in the Asia-Pacific region. Study shows that European region has a positive growth in the flexible display technology market.
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Intended Audience
- Technology investors
- Flexible display manufacturers
- System Integrators
- Research/Consultancy firms
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