The GMI Research expects the flexible OLED market to expand at a significant rate. From a regional perspective, the Asia Pacific is projected to increase at a faster CAGR due to the rising disposable income of consumers, the increasing electric and electronic sector, the strong adoption of luxury products, such as visual display units and curved OLED televisions.
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Flexible OLED Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)
Key Drivers
The global flexible OLED market is projected to experience strong demand over the coming years due to the high demand for low energy consuming consumer electronics and the continuous technological advancements in electronic devices. As per the flexible OLED market report, the rising application of flexible OLED in several consumer electronics that include smartphones, tablets, smartwatches, television displays, and others due to the flexibility in color and design, thin display, higher durability, and brighter displays than LCD display will further fuel the growth of the flexible OLED market during the forecast period. Furthermore, the strong demand for smartphones with bigger displays with flexible design specifications and the rapid advancements in electric and autonomous vehicles are some other factors propelling the growth of the market. As per the OLED Association, in 2023, OLED panel shipments are anticipated to touch 1.07 billion units with 84% share of smartphones. This is projected to open new doors for the growth of the flexible OLED display market over the coming years. On the other hand, the factors hindering the market growth include decreased yield rates, high manufacturing cost, and low-temperature resistance offered by flexible OLED panels. The emergence of the COVID-19 pandemic has adversely impacted the growth of the consumer electronics sector owing to the interruption in the supply chain and manufacturing process. All these factors will hamper the growth of the market.
Technology Segment Drivers
Based on technology, the AMOLED (active-matrix organic light-emitting diode) segment is predicted to dominate the market. This is mainly due to its vast application in tablets, smartphones, laptops, television, and smartwatches. Additionally, AMOLED has a thin display, reduces cost, consumes comparatively less power, and offers refresh rates than passive-market will further energize the growth of the market.
Flexible OLED Market’s leading Manufacturers:
- Samsung Electronics Co., Ltd.
- Apple, Inc.
- LG Electronics
- OSRAM GmbH
- BOE Technology Group Co., Ltd.
- Sony Corporation
- JOLED Inc.
- Visionox Company
- SKYWORTH Group Limited
- TCL Technology Group Corporation
Flexible OLED Market Segmentation:
Segmentation by Technology:
- PMOLED
- AMOLED
Segmentation by Application:
- Mobiles and Tablets
- Monitors and Televisions
- Wearables
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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