The Global Flexible OLED Market research report aims to provide an unbiased and a comprehensive outlook of the Global market to the readers. Analysts have studied the key trends defining the trajectory of the market. The research report also includes an assessment of the achievements made by the players in the Flexible OLED Market so far.
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The flexible OLED technology provides high definition quality with a wide range of applications. The scope of the study for the flexible OLED market has considered both OLED technologies and their respective end-user application across regions in the world.
The flexible OLED market is expected to register a CAGR of 39.46% during the forecast period of 2019 – 2024. OLED display technology which provides beautiful and efficient lighting panels is already being used in many mobile devices and TVs. Flexible OLED is the next generation technology that enables the opportunities for folding and curving these displays on applications.
– The smartphone market is one of the fastest growing markets in the world. Also, it needs rapid technological advancements in the offerings for achieving a competitive edge over other players. As smartphone penetration is reaching new highs every year, the demand for OLED display for this segment is driving the flexible OLED market.
– The low consumption of energy has also driven the market for LED displays, and the flexible OLED displays opened new opportunities of application in the industry. The innovative applications in the automotive and lighting industry will moreover fuel market growth.
– The economies of the countries across the globe overall are growing. Hence, the population is now equipped with higher disposable cost than before, insisting consumers for adopting luxury products like curved OLED Televisions.
– On the other side, the lower acceptance of the OLED technology compare to the LED displays is restricting market growth.
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May 2019 – TCL Corporation commenced its pilot production line for its 6-Gen LTPS flexible AMOLED at Wuhan, China, and full-fledged production will begin in the fourth quarter of 2019. TCL’s production line in Wuhan will have a production capacity of 45,000 6-Gen substrates.
Nov 2018 – Samsung Electronics introduced its new Infinity Flex Display with a flexible OLED panel. The company has launched this with a new foldable phone called Galaxy Fold earlier in 2019.
Mobiles and Tablets to Witness Significant Growth
– With increased smartphone adoption globally, the demand for high definition ultra-high displays is growing at a fast rate. With many companies such as Apple and Samsung employing AMOLED displays in their flagship models, other companies are following the trend.
– LG displays, one of the leading OEM for displays signifies that the smartphone segment is the second largest segment for its revenue generation. Generally, the shipment of display panels is 10% to 12% higher than mobile phone units shipments. According to OLED association, 1.4 billion smartphones were shipped in 2018, and with innovations in AMOLED displays, the demand for OLED technology is growing is expected to follow the trend in the forecast period.
– Many smartphone companies have already launched their foldable smartphones earlier in 2019. For instance, Samsung launched Galaxy Fold smartphone, which can be folded to half and expands the 7.3-inch screen on unfolding. The use of a flexible OLED panel for the foldable phone has already gained popularity in the market, and other companies are expected to launch their foldable series in recent future.
Influence of the Flexible OLED market report:
- Comprehensive assessment of all opportunities and risk in the Flexible OLED market.
- Flexible OLED market recent innovations and major events.
- Detailed study of business strategies for growth of the Flexible OLED market-leading players.
- Conclusive study about the growth plot of Flexible OLED market for forthcoming years.
- In-depth understanding of Flexible OLED market-particular drivers, constraints and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Flexible OLED market.
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