Reports and Data has published a novel research report titled, “Global Foldable Display & Market-Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2028”. The report offers a comprehensive analysis of the Foldable Display industry including recent development the market and emerging trends to help users, readers, and investors to understand market scenario and make investment plans accordingly. The report offers details about market size, market share, revenue growth, drivers, restraints, opportunities and challenges. The report is formulated through extensive research which is verified by experts in the industry.
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Market Overview:
The growing demand for consumer electronics, especially smartphones is one of the significant factors contributing to the growth of the market.
Market Size – USD 268.9 Million in 2020, Market Growth - CAGR of 53.20%, Market Trends – The popularity of OLED technology.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, company overview, product & service portfolio, and revenue generation. The global Foldable Display market is extremely competitive and consists of several key players at regional and global level. These players are focusing on various strategies such as investments in R&D, new product launches, mergers and acquisitions, partnerships, joint ventures and collaborations to strengthen their market position.
Further key findings from the report suggest
- Among the end-users, smartphones accounted for the largest market share of ~24% in the year 2018, closely followed by tablets. The biggest potential advantage of foldable smartphones is its thin, light, unbreakable larger display. Foldable smartphones feature a larger screen, which can enhance productivity by allowing the users to multitask. Royole Technology was the first organization to launch a foldable smartphone named FlexPai in October 2018 in Beijing.
- Television is forecast to witness the highest CAGR of 61.8% during the forecast period, owing to the rapid investments and developments in the consumer electronics market. LG Signature OLED TV R is the first rollable OLED TV in the world, announced in the year 2019. The TV can roll up into its base and has three viewing choices - full view, line view, and zero views, in which the display is entirely in the base.
- The Asia Pacific region held the largest market share of ~30% in the year 2018 and is expected to dominate the market throughout the forecast period. Technological advancements and continuous developments in OLED technology are creating numerous opportunities for the growth of the market in the region. Rapid developments in the consumer electronics industry in the region, especially in China and Japan, will be a major driver. The presence of some of the major players such as Samsung, Xiomi Corporation, LG, and others, and their innovations will also influence the market growth in the coming years.
- Key participants include LG Display Co., Ltd, Samsung Electronics Co., Ltd, Royole Corporation, Semiconductor Energy Laboratory Co., Ltd, Applied Materials, Inc., C3Nano, Inc., Altenergy Power System, Inc., Tianma Microelectronics Co., Ltd, Xiaomi Corporation, BOE Technology Group Co., and Visionox Technology Inc, among others.
- The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.
For this report, Reports and Data have segmented into the global Foldable Display market on the basis of technology, End Use, industry vertical, and region:
Technology Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)
- LED
- OLED
- AMOLED
- Electronic Paper Display (EPD)
- Others
End Use Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)
- Smartphone
- Tablets
- Notebook
- Television
- Wearable Display
- Others
Industry Vertical Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)
- Healthcare
- Consumer Electronics
- Retail
- BFSI
- Military & Defense
- Automotive
- Others
Regional Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Key questions addressed in the report:
- What are the key outcomes of Porter’s Five Force analysis?
- What CAGR is the global Foldable Display market expected to register during the forecast period?
- Who are the key players operating in the global Foldable Display market?
- What are the key factors that are expected to boost market growth between 2021 and 2028?
- Which key factors are expected to hamper overall market growth?
- What is the expected market size of Foldable Display market between 2021 and 2028?
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