Albany, NY -- (SBWIRE) -- 09/06/2018 -- Increasing use in smartphones and laptops is likely to fuel the demand for flexible OLED displays. Sighting the increasing demand, some of the most prominent companies operating in the global flexible OLED displays market are investing in research and development, finds a report, titled "Flexible OLED Display Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026." It offers a comprehensive market overview, which highlights the key growth drivers and major restraints.

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According to the report, the market will significantly benefit from the rising demand for AMOLED display in the coming years. Regionally, the demand from Asia Pacific excluding Japan (APEJ) is likely to surge exponentially. The rapid proliferation of smartphones owing to their plunging prices is boosting their adoption in the populous APEJ. Spurred by this, the flexible OLED display market will gain momentum in the coming years.

OLED displays offer advanced technology, which is the key reason why they are increasingly preferred than their counterparts such as LCD displays. Technology used for manufacturing an OLED display allows it to take various shapes besides offering better quality. OLED displays are therefore available in a new look, which as per the report is one of the crucial factors enabling the market gain traction. Also OLED displays consume lesser electricity, thus ensuring long-term saving. In the coming years, an increasing number of televisions, smartphones, tablets, and other wearable devices are likely to have OLED displays. The increasing willingness among consumers to spend on advanced technology that offer them long-term benefits, will therefore boost the global flexible OLED display market in the coming years.

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A curved display, which has become a favorite among tech-savvy generation, is available only in OLED displays. This is one of the key factors enabling growth in the global flexible OLED display market. Furthermore, the market is likely to gain from factors such as the rising disposable income and the rising demand for advanced technologies for better picture and sound quality in their entertainment devices. The demand for televisions with higher resolutions has considerably increased in response to the rising disposable income of consumers. This has led to the growth of 4K televisions market. Also, the demand from India, China, and Brazil is expected to rise higher in the coming years. Spurred by these factors, the global flexible OLED display market will exhibit growth at an impressive pace.

According to the report, the market will significantly benefit from the recent paradigm shift from traditional to advanced displays. Furthermore, the demand for bigger televisions will boost the flexible OLED display market in the near future. On the downside, entry level barriers, coupled with the high cost of production, may inhibit the market to an extent.

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