Flexible Display Market

Samsung Display Co., Ltd. (South Korea) and LG Display Co., Ltd. (South Korea) Top 2 Players in the Flexible Display Market

A flexible display is an electronic visual display that is flexible in nature, as opposed to the flat screen displays used in most devices. Flexible displays are being rapidly used in products such as smartphones, tablets, smartwatches, wearables, televisions, and PC monitors. The flexible display market is expected to reach USD 15.14 billion by 2022, at a CAGR of 34.42% between 2017 and 2022. The market in Asia Pacific (APAC) is expected to grow at the highest CAGR of 42.89% during the forecast period. The growth of the consumer electronics sector and the rising demand for smartphones, smartwatches, and televisions is expected to drive the growth of the flexible display market in APAC.

Key players operational in the flexible display market include Samsung Display Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), AU Optronics (Taiwan), Japan Display, Inc. (Japan), and BOE Technology Group Co., Ltd. (China).

Top 2 players in the flexible display market:

Samsung Display Co., Ltd. (South Korea) was one of the market leaders in the flexible display market in 2016. Samsung Display strongly focuses on product innovation and technological advancements to achieve growth in the flexible display market. In October 2016, Samsung launched the CFG70 (24" and 27" models) and CF791 (34" model) curved gaming monitors designed with the quantum dot display technology and an environmentally safe cadmium-free design. The development of new products helped Samsung Display expand its offerings and cater to various sectors, such as education, hospitality, retail, and corporate.

LG Display Co., Ltd. (South Korea) was also one of the top players in the flexible display market in 2016. LG Display focuses on strengthening its product portfolio by introducing new products, particularly flexible displays with large panel sizes. The company is also focusing on establishing new manufacturing units to increase its production capacity.

In May 2016, LG Display launched the future concept for signage displays with its 55" double-sided and 65" concave OLED displays. In January 2017, LG announced paper-thin 65" and 77" UHD Organic Light-emitting Diode (OLED) displays for wall-mount televisions.

Related Reports:

Flexible Display Market by Application (Smartphone, Smartwatch, Wearable, TV, Digital Signage, PC Monitor, E-reader, Electronic Shelf Label, and Automotive), Technology (OLED, Quantum Dots, LED, E-Paper), Panel Size, and Geography - Global Forecast to 2022

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Report Code
SE 2337
Published ON
May, 2017
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