Traditionally, North America,APAC and Europe have dominated the display market. However, the ROWregion lags far behind its counterparts as far as the display technology is concerned. The display materials market is already considered as a mature market and with the improvement in technology, the flexible display market is going to grow further.
In 2014, North Americas region will be the largest contributor to theflexible display market.But, APAC is going to show a huge growth till 2020, as it is considered asthe most favorablemarket for cell phones, tablets, laptops, and TVs. APAC is the home ground for the markets like smartphone, tablet, laptop, and TV manufacturers, as companies such as Samsung and LG are based in South Korea. Similar players such as Sony Corporation, Sharp Corporation, and Panasonic Corporation are based in Japan, while, Acer Inc. is based in Taiwan. Vendors of these companies are also based in APAC. Countries such as China, Japan, Taiwan, and South Korea are the key countries contributing to the growth ofthis market.APAC has successfully emerged with therecord of thehighest growth rate with regardsto many consumer electronic products such assmartphone, tablet, laptop, TV, and so on. Besides, economic growth rate in APAC such as China and India are booming, currently; similarly, the economies of Taiwan, Indonesia, Singapore, and Malaysia have shown positive results, of late. Most of the display companies are based in the APAC region. APAC region holds the largest share of the global OLED manufacturing market,which is the one of the best technologiesavailable today with us. The APAC region’s OLED display market accounted for a largechunk of the overall OLED display market share in 2013. Flexible displays in smart phone revenue in APAC are expected to reach the mark of $290 million in 2020, growing at an estimated CAGR of approximately 100.2%, from 2014 to 2020.
The Middle East and Africa are the important regions covered under the rest of world segment, though, at the current stage, ROW is not the maincontributor to the overall flexible display market, but in the coming five years, it is projectedthat the market of flexible display and the technology associated with it will grow at a significant pace.
Flexible Display Market by Application (Smartphone, Tablet, E-reader, Laptop, TV, Smartcard, Wearable Display), Technology (OLED, LCD, E-paper), Component (Emissive &Non-emissive), Material (Polymer, Glass, GRP) & Geography - Forecast & Analysis to 2013 - 2020
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