0
New
New
2023
Flexible Oled Market

Flexible OLED Market

by Type (AMOLED, PMOLED), by Application (Smartphones and Tablets, Televisions, Laptops and Monitors, Wearables, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A06871
Pages: 19
Jan 2023 | 3215 Views
Author(s) : Minulata N , Vineet K
Tables: 100
Charts: 68
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

Flexible OLED Market Research, 2031

The global flexible OLED market was valued at $4.1 billion in 2021, and is projected to reach $117.7 billion by 2031, growing at a CAGR of 40.4% from 2022 to 2031.

A light-emitting diode (LED) with an organic compound film as the emissive electroluminescent layer generates light in response to an electric current is referred to as an organic light-emitting diode (OLED or organic LED) or an organic electroluminescent (organic EL) diode. This organic layer is sandwiched between two electrodes, usually with at least one transparent electrode. OLEDs are utilized to make digital displays in gadgets like televisions, computer monitors, and portable gaming systems like smartphones. Flexible OLEDs allow the device to rotate or flex during operation. OLEDs emit light due to the presence of thin films of organic semiconductors about 100 tors about 100 nanometres thick. While regular OLEDs are made on glass substrates, flexible OLED screen use flexible plastics such as polyethylene terephthalate (PET).  

Today, OLEDs are primarily found in mobile devices, including several high-end smartphones. Annual production of OLED panels exceeds 500 million by several display manufacturers, and the industry is expanding as a result of OLEDs' superior image quality, smaller form factors, and flexibility, which are difficult to achieve with LCDs.  

OLEDs can also be utilized to create TVs; some of the best TV panels available are made using cutting-edge OLED technology. OLED technology is used by different TV manufacturers to create award-winning premium OLED TVs with exceptional image quality and ultra-thin form factors. Other competitors are anticipated to enter this market soon with innovative products including inkjet printer OLEDs and hybrid OLEDs with quantum dots.  

For instance, in June 2022, LG Display created a new market with cutting-edge OLED solutions. The company launched upgraded versions of G2 and C2 televisions. Both versions use updated OLED technology to create an even better visual image. Therefore, screens can produce greater brightness, clarity, and detail. The new sizes of the G2 series are presented together with three other sizes (55", 65", and 77"). The C2 series has a total of 6 screen sizes.  

The global flexible OLED market is anticipated to expand during the forecast period as a result of a few key factors, including the rising demand for low-energy consumer electronics and rapid technological advancements in electronic devices. In addition, a rise in the use of flexible OLED screen in a variety of consumer electronics, including television displays, smartphones, smart watches, tablets, and others, is contributing to the expansion of the market due to the flexible design and color, superior durability, thin display, and brighter displays compared to LCD displays. According to the OLED Association, OLED panel shipments are expected to reach 1.07 billion units, accounting for 84% of smartphones by 2023. This is expected to create growth opportunities for the flexible OLED display market during the forecast period. However, the high cost of manufacturing, lower performance, and low temperature tolerance of flexible OLED panels are some of the major factors expected to hinder the market growth. In addition, the outbreak of the COVID-19 pandemic has damaged the consumer electronics industry due to supply chain and manufacturing process disruptions. All these factors are restraining the growth of the flexible OLED market. OLED displays are expected to be widely used in developed countries in the near future due to their biodegradability. OLED displays are also expected to minimize power consumption as the international power demand and supply imbalance grow. This makes opportunity for OLED market in the near future. 

The outbreak of the COVID-19 pandemic has significantly affected the flexible OLED market. As governments in several countries impose and extend lockdowns, production and manufacturing facilities around the world are shut down due to crisis and labor shortages. Considering the input of various industry experts at various stages of the value chain such as OEMs, suppliers, integrators, end users, and distributors, as well as the economic output of various companies in the flexible OLED ecosystem, the market is estimated to have experienced a decline in 2019- 2020. In addition, the pandemic outbreak disrupted the global supply chain and thus created a significant gap in the supply chain. The financial impact of the pandemic was devastating. The major players in the flexible OLED industry were temporarily in decline due to a lack of skilled specialists to develop flexible OLED solutions, which led to a decrease in turnover in the 2020-2021 financial year. However, the market is expected to recover after 2021 and will remain in the growth phase during the forecast period.

Flexible OLED Market

The flexible OLED market is segmented into Type and Application.

Flexible OLED Market
By Type

Your browser does not support the canvas element.

AMOLED segment is projected as the most lucrative segment

Get more information on this report : Request Sample Pages

Based on  type, the flexible OLED market is bifurcated into AMOLED and PMOLED.The AMOLED segment was the highest revenue contributor to the market.

Flexible OLED Market
By Application

Your browser does not support the canvas element.

Smartphones and Tablets account for the largest share of the industrial 3D printing market during the forecast period

Get more information on this report : Request Sample Pages

Based on application, the market is categorized into smartphones & tablets, televisions, laptops & monitors, wearables, and others. The smartphones & tablets segment was the highest revenue contributor to the market.

Flexible OLED Market
By Region

2031
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 42.39% during 2022-2031.

Get more information on this report : Request Sample Pages

Region-wise, the flexible OLED market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and the rest of Europe), Asia-Pacific China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically the China region, remains a significant participant in the global flexible OLED industry. Major organizations and government institutions in the country are intensely putting resources into this industry.  

Country-wise, the U.S. acquired a prime share in the flexible OLED market forecast in the North American region and is expected to grow at a significant CAGR during the forecast period of 2019-2031. The U.S., holds a dominant position in the flexible OLED market, owing to the rise in investment by prime vendors to boost the flexible OLED for consumer electronics and IT & telecom applications. 

In Europe, the rest of Europe dominated the flexible OLED market size, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, Germany is expected to emerge as the fastest-growing country in Europe's flexible OLED with a notable CAGR, due to advancement in the automotive industry which drives the usage of microelectronics in the country and thus creates lucrative growth opportunities for the flexible OLED market share in Germany.  

In Asia-Pacific, China is expected to emerge as a significant market for the flexible OLED industry, owing to new product developments and a significant rise in investment by prime players and government institutions. For example, DISCO Corporation, one of the major key players in the Asia-Pacific region on 5 December 2022, developed two types of grinding wheels, the Poligrind PW21 Series for Si wafers including memory ICs and logic ICs, and the GFSC Series for SiC wafers. 

In the LAMEA region, the Middle East country garner significant market share in 2021 due to the adoption of new technologies, digital transformation and connectivity are reshaping the future of the automotive and consumer electronics industry in the Middle East. Moreover, the Latin America region is expected to grow at a significant CAGR from 2022 to 2031, owing to shifts in artificial intelligence, industry 4.0, and smart technological changes in recent years, which is expected to reshape the growth of the flexible OLED in the Middle East.

TOP IMPACTING FACTORS 

The most important factors that are projected to drive the flexible OLED display market growth during the forecast period are the growing use of smartphones and new, innovative products. An increase in smartphone penetration along with innovative product launches and numerous advantages provided by OLED technology are the major factors driving the market growth. The flexible OLED display market will encounter growth restrictions during the anticipated period due to the high manufacturing costs of OLED displays. Furthermore, the growing rivalry between OLED and LCD technology is anticipated to provide profitable opportunities in the flexible OLED market growth.   

COMPETITIVE ANALYSIS 

The global flexible OLED market is highly competitive, owing to the strong presence of existing vendors. Vendors of the flexible OLED market with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this market is expected to increase as technological innovations, product extensions, and different strategies adopted by key vendors increase.  

KEY DEVELOPMENTS/ STRATEGIES  

LG Display Co., Ltd., Samsung Electronics Co. Ltd., BOE Technology UK Limited, OSRAM GmbH, Sony Group Corporation, AU Optronics Corporation, Corning, Visionox Company, Universal Display Corporation, and Ritdisplay Corporation are the key players in the flexible OLED market. Top market players have adopted various strategies, such as acquisition, agreement, business development, business expansion, collaboration, product launch, innovation, and product expansion to expand their foothold in the flexible OLED market. 

  • In May 2022, LG Display Co. Ltd announced bringing its next-generation OLED solutions to the 2022 Society for Information Display (SID) conducted in San Jose, California. The products included OLED.EX to Bendable and Foldable OLED panels. This innovation is expected to solidify the company’s OLED leadership in the market studied. 

  • In June 2022 - Samsung electronics co ltd acquired Cynora Gmbh. Cyonara is developing a new type of organic emitting materials for OLED displays based on TADF (Thermally Activated Delayed Fluorescence) technology. With this technology, the company will be able to commercialize the first high-efficiency blue emitting material on the market, which is the most sought-after material by OLED display makers. 

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flexible OLED market analysis from 2021 to 2031 to identify the prevailing flexible OLED market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the flexible OLED market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global flexible OLED market trends, key players, market segments, application areas, and market growth strategies.

Flexible OLED Market Report Highlights

Aspects Details
Market Size By 2031 USD 117.7 billion
Growth Rate CAGR of 40.4%
Forecast period 2021 - 2031
Report Pages 19
Type
  • AMOLED
  • PMOLED
Application
  • Smartphones and Tablets
  • Televisions
  • Laptops and Monitors
  • Wearables
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players OSRAM GmbH., Sony group corporation, Corning Inc, Universal Display Corporation, Visionox Company, LG Display Co.,Ltd., BOE Technology UK Limited, AU Optronics corp, Ritdisplay Corporation, Samsung Electronics Co. Ltd.
 

Loading Table Of Content...


 
 

Increase in demand for wider viewing angles is expected to significantly drive the revenue growth of the global flexible OLED market in the future. The popularity of smartphones has increased the demand for beautiful and efficient lighting panels. Rapid advances in technology have brought about positive cultural changes in developing countries. Surge in need for social connectivity and entertainment is expected to boost demand for smartphones, which is expected to boost revenue growth of the flexible organic light emitting diode (FOLED) market during the forecast period. In addition, rise in disposable income drives increased adoption of new sleek display smartphones with curved and foldable screens. This is also expected to drive revenue growth in the FOLED market.  

For example, Samsung Electronics Co. Ltd. launched the Samsung Z Flip 3 smartphones in 2019 and the Samsung Z Fold 3 smartphones with foldable screens in 2021. In addition, the growing need for high-quality images and brighter displays compared to other displays is expected to increase the demand for flexible OLED displays. Moreover, the growing need for a better viewing experience and lower energy consumption are expected to drive the revenue of the market in the near future.   

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The Flexible OLED Market is expected to grow at a CAGR of 40.41% from 2022-2031.

A. Smartphones & tablets are the leading application of the Flexible OLED Market.

A. North America is the largest regional market for Flexible OLED.

A. The industry size of Flexible OLED is estimated to be $4,140.0 million in 2021.

A. The top companies to hold the market share in Flexible OLED are Samsung Electronics Co. Ltd., LG Display Co., Ltd., Sony Group Corporation, OSRAM GmbH, and Visionox Company.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Flexible Oled Market

Start reading instantly.
This Report and over 19,666+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Single User
  • $5,730
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Enterprise
    License/PDF

  • $9,600
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jan 2024 - Jan 2025)
  • Library
    Membership

  • $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers