Foldable Screens Market

The global foldable screens market size is experiencing a significant growth and is expected to grow considerably in the next few years. A foldable screen is an electronic screen with highly flexible conventional flat-surface screens. Foldable screens are featured on a flexible screen technology that can be twisted and folded like a paper. A flexible screen is an emerging technology, and a foldable screen is expected to modernize the semiconductor and electronics industry shortly. This is due to high demand for foldable screen from smartphone manufacturers and rapid innovations in OLED and AMOLED technologies. There are various foldable screens in the market developed by companies such as Samsung Electronics, LG, Visionox, and Huawei with different specifications on pixel density, thickness, and material used.

The global foldable screens market is segmented into type, application, industry vertical, and region. Based on type, the market is further segmented into LED, OLED, LCD, EPD, and others. In terms of application, the market is sub-divided into smart wearables, smartphones, tablets, televisions, and digital signage systems, and others. Based on industry vertical, the market is bifurcated further into Retail, Healthcare, Travel & Tourism, BFSI, and Others. Geographically, the global market is divided across North America (US, Canada, and Mexico), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia and the Rest of Asia Pacific), and LAMEA (Latin America, Middle East and Africa). 

Key players of the foldable screens market analyzed in the research include Samsung Electronics, Royole Corporation, Corning Incorporated, Japan Display Inc, LG Display Co., Ltd., BOE Technology Group Co., Ltd., Sharp Corp., E Ink Holdings, Inc., Cambrios Technologies Corp. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rise in demand for consumer electronics, such as smartphones, television and computer, wearable devices, and high adoption in gaming and entertainment propels the foldable screen market growth. The foldable display market is heavily influenced by advancements in technology and product upgradation. Foldable screen offers various advantages over conventional screens including ultra-thin structure, lightweight, low energy consumption, shatter-proof, unbreakable, bendable, and portable. However, high cost associated with foldable screens hinders the industry growth.

New product launches to flourish the market

High competition in the foldable screen market has moved toward new product developments and launches with effective specifications and attractive looks. Companies such as LG Display Co. Ltd. and Samsung Electronics Co. Ltd have led the display market toward a new age with the launch of products based on technologies such as Q-dot LED and OLED. 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 foldable screens market has observed great technological developments in recent times. Screen devices have changed to slim and bezel-less from being space-consuming and bulky. Foldable screen offer low power consumption, high resolution and improved contrast ratio compared with conventional screen devices based on Cathode Ray Tube (CRT) technology.

Surge in usage in automotive and industrial applications

Rising demand for foldable screens from healthcare and automotive among other industries is expected to create growth opportunities for the market. Automotive manufacturers focus on integrating foldable screens in navigation systems to enhance user experience and emphasize on infotainment and automotive interiors to help better control vehicle settings, which boosts the foldable screen market share.

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 foldable screen 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. 

Market scope and structure analysis:

Key benefits of the report:

• This study presents the analytical depiction of the global foldable screen industry 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 foldable screen market analysis.
• The foldable screen market trends are quantitatively analyzed from 2021 to 2027 to highlight the global market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global foldable screen market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Key segments covered:

Questions answered in the Foldable Screens Market research report:

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

 Foldable Screens Market Report Highlights