Foldable display market will exhibit a CAGR of 69.47% for the forecast period of 2021-2028. This means that the foldable display market would stand tall at a market value of USD 19.61 billion by 2028. Foldable display is a highly flexible electronic display as compared to traditional flat-surface displays. These are based on flexible display technology which can be, twisted, rolled up and folded as a paper according to its specific use.
It is an emerging technology which is revolutionizing the electronics and semiconductors industry due to its high requirement from the smartphone manufacturers and quick advancements in AMOLED and OLED technologies.
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Key Market Competitors:
Some of the major players operating in global foldable display market are Samsung Electronics Co., Ltd, LG Display Co., Ltd, BOE Technology Group Co Ltd, Applied Materials, Inc., Royole Corporation, Semiconductor Energy Laboratory Co., Ltd, Tianma Microelectronics Co., Ltd, C3Nano, Altenergy Power System, Inc., Visionox Technology, 3M, Apple Inc., Ares Materials, AGC Inc., DuPont and Dow, FUJIFILM Holdings Corporation, Huawei Technologies Co. Ltd, Kaneka Corporation, Kateeva, Konica Minolta Business Solutions U.S.A., Inc., LG Chem, Microsoft, Zeon Corporation, Nissha Co., Ltd, Nitto Denko Corporation, Schott NYC., Solip Tech Co., Ltd, Sumitomo Chemical Co., Ltd, and Tosoh Corporation among others.
Segmentation: Global Foldable Display Market
- By Application (Smartphones/Tablets, Notebooks)
- By Type (LED, OLED, AMOLED)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Competitive Analysis:
Global foldable display market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of foldable display market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
- Rising smartphone ownership and huge demand of new and advanced smartphones displays is driving the market growth
- Technological advancements in OLED display technology is one of the major driver for the foldable display market
- Changing display technology and quick transformations is boosting the market growth
- Increasing disposable income & spending capacity of the American citizens for the consumption of costly electronic devices may propel the growth of the market
Market Restraints
- High cost regarding technology may restraint the market growth
- Incompatibility issues of the hardware and software is hindering the growth of the market
- Technological defects in the existing offerings is also limiting the market growth in the forecast period
Reasons to Purchase this Report
- Current and future of global foldable display market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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