Foldable OLED Display Market

Foldable OLED Display Market Outlook – 2027 

The global foldable OLED display market size is experiencing a significant growth and is expected to grow considerably in the next few years. Foldable OLED is a developing display technology, which facilitates beautiful, lighting panels, and efficient displays. Foldable OLEDs are used in many mobile devices and TVs, and these panels are flexible and bendable. 

The flexible foldable OLED display is based on a flexible substrate that can be either metal, plastic or flexible glass. These metal and plastic panels are thin, light, and very durable; in fact, they are virtually shatter-proof. These foldable OLED displays have several advantages, mainly in mobile devices as displays are thinner, lighter, and more durable compared to glass-based displays. 

The global foldable OLED display market is segmented on the basis of display type, application, industry vertical, and region. Based on display type, the foldable OLED display market is bifurcated into passive-matrix [PM] display and active-matrix [AM] display. In terms of application, the market is categorized into smartphone, TV, automotive vehicle & public transport, NTE, and others. On the basis of industry vertical, the market is divided into automotive, consumer electronics, defense, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global foldable OLED display industry include LG Display, Skyworth, Samsung, AUO, Sony, JOLED, BOE, CSOT, EverDisplay (EDO), Tianma, and Visionox. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors

Rise in demand for wearable gadgets majorly drives the OLED display market. OLED displays find key applications in wearable gadgets and smart devices. Numerous features of foldable OLED display such as transparency, low cost, flexibility, and high durability are some important factors that lead to increase in acceptance of these displays and majorly contribute to the global market growth. 

Foldable OLED displays are widely used in handheld gadgets, which is also anticipated to drive the global market growth. Moreover, rise in demand for smaller and compact gadgets is another factor anticipated to fuel the global foldable OLED display market.

Rise in Adoption of OLEDs

OLEDs offer a better watching angle and brilliant contrast rate, which is brighter than LCDs. In addition, OLEDs show refresh rates, which enables a high-definition video. Attractive looks and high specifications of display products such as desktop monitors, TVs, mobile phones, and notebooks grab attention of consumers. The market has observed great technological developments in recent times. Screen devices have changed to slim and bezel-less from being space-consuming and bulky. Such factors propel the foldable OLED display market share.

Surge in Demand From Consumer Electronics Segment Fuels the Market Growth

Development in the display sector is mainly driven by growth in demand for display-based consumer electronics, and customer inclination toward foldable and energy-efficient gadgets. Due to technological development in display technology manufacturer bring foldable displays, which creates an opportunity for key market players. Moreover, in terms of weight, non-fragility, and portability, higher features offered by foldable displays make it an attractive choice for consumer electronics producers.

Key Benefits of the Report

• This study presents the analytical depiction of the global foldable OLED display market forecast along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed global market analysis.
• The current market trends are quantitatively analyzed to highlight the global foldable OLED display market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global foldable OLED display market analysis based on competitive intensity and how the competition will take shape in the coming years. 

COVID-19 Scenario Analysis 

• Top foldable screen manufacturer countries such as the U.S., China, and Japan are impacted by COVID-19. The impact of COVID-19 on this industry is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand are gradually going to increase.
• The COVID-19 crisis is making uncertainty in the market, immense slowing of the supply chain, falling business confidence, and increasing panic among customers.
• Companies are taking initiatives to introduce a new type of production line where they follow social distancing. 

Questions Answered in the Foldable OLED Display Market Research Report

• Who are the leading market players active in the foldable OLED display market?
• What would be the detailed impact of COVID-19 on the foldable OLED display market size?
• How current foldable OLED display market trends would influence the industry in the next few years?
• What are the driving factors, restraints, and opportunities in the global market?
• What are the projections for the future that would help in taking further strategic steps?

 Foldable OLED Display Market Report Highlights