Flexible OLED Displays Global Market Report 2024

The flexible OLED displays market size has grown exponentially in recent years. It will grow from $11.29 billion in 2023 to $14.37 billion in 2024 at a compound annual growth rate (CAGR) of 27.2%. The expansion observed during the historical period can be attributed to several factors, including the increasing ownership of vehicles, shifts in consumer preferences, adherence to regulatory compliance, global economic trends, and considerations related to weather and environmental conditions.

The flexible OLED displays market size is expected to see exponential growth in the next few years. It will grow to $35.38 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%. The increase projected for the forecast period is due to several factors such as the expanding global vehicle fleet, increasing focus on green initiatives and sustainability, the electrification of vehicles, prevailing global economic trends, and geopolitical factors. Key trends anticipated during this period comprise ongoing technological innovation, the continued rise of e-commerce and digitalization, advancements in technology, improvements in tire technology, and the impact of autonomous vehicles.

The growth of the flexible OLED displays market is expected to be propelled by the increasing adoption of smartphones. Smartphones, which blend traditional mobile phone functions with those of a small computer, utilize flexible OLED displays to enable innovative designs, bendable form factors, and improved durability, thus enhancing user experience. For example, data from Uswitch Limited, a UK-based financial conduct authority, revealed that there were 71.8 million mobile connections in the UK in February 2023, marking a 3.8% increase (approximately 2.6 million) over 2021. Additionally, it is estimated that by 2025, the UK population will reach 68.3 million, with around 95% (approximately 65 million individuals) owning smartphones. Consequently, the surge in smartphone adoption is a key driver of the flexible OLED display market's growth.

Leading companies in the flexible OLED display market are prioritizing the development of innovative technological products, such as flexible OLED display tablets, to enhance their market profitability. Flexible OLED display tablets utilize flexible OLED technology for their displays. For instance, Huawei Technologies Co. Ltd., a China-based technology company, introduced the MatePad Pro 13.2, a flexible OLED display tablet, in December 2023. This tablet boasts a versatile design suitable for various tasks, including productivity, creative work, and multimedia consumption, thanks to its robust performance, large capacity, long battery life, and high-resolution display.

In June 2022, Samsung Electronics Co. Ltd., a South Korea-based electronics company, completed the acquisition of Cynora GmbH for approximately $300 million. This acquisition strengthens Samsung Electronics Co. Ltd.'s commitment to introducing high-efficiency blue-emitting material, which is highly sought after by OLED display manufacturers, to the market. The primary objective of this acquisition is to secure access to Cynora's advanced flexible OLED display technology, particularly the coveted high-efficiency blue-emitting material. Cynora GmbH, based in Germany, specializes in manufacturing flexible OLED displays.

Major companies operating in the flexible OLED displays market report are Samsung Electronics, Sony Group corporation, Panasonic Corporation, BOE Technology, Sharp Corporation, LG Dispaly, Koninklijke Philips N.V., Corning Inc, AU Optronics, Innolux Corporation, Konica Minolta Inc., Osram Licht AG, Tianma Microelectronics Co. Ltd., Acuity Brands Lighting Inc., Mouser Electronics, Japan Display Inc., Visionox Company, E Ink Holdings Inc., Hannstar Display Corporation, Royole Corporation, Chunghwa Picture Tubes Ltd, Ritek Corporation, Universal Display Corporation, Ritdisplay Corporation, EverDisplay Optronics (EDO), 4D Systems, Raystar Optronics, JOLED Inc., Digilent Inc.

Asia-Pacific was the largest region in the flexible OLED displays market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flexible oled displays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flexible OLED display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The flexible OLED display market consists of sales of transparent OLED, flexible OLED, top-emitting OLED, and foldable OLED. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

A flexible OLED (Organic Light Emitting Diode) display is a type of display technology that incorporates organic compounds capable of emitting light upon the application of an electric current. Notably, this technology enables the flexible OLED display to bend, curve, or flex, thereby providing designers and manufacturers the flexibility to create innovative and unconventional form factors for electronic devices.

The primary types of flexible OLED displays include Organic Light-Emitting Diode (OLED), Liquid Crystal Display (LCD), and Electronic Paper Display (EPD). A curved display is characterized by a non-flat shape, often conforming to a gentle curve. It encompasses flexible types such as curved displays and foldable displays. Curved displays find applications in various domains, including lighting, smartphones, televisions, monitors, and other electronic devices.

The flexible OLED display market research report is one of a series of new reports that provides flexible OLED display market statistics, including flexible OLED display industry global market size, regional shares, competitors with flexible OLED display market share, detailed flexible OLED display market segments, market trends, and opportunities, and any further data you may need to thrive in the flexible OLED display industry. This flexible OLED display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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