Global Foldable Display Market Size, Trends, and Growth Opportunity, By Technology (Organic Light-Emitting Diode (OLED), Liquid Crystal Display (LCD), Electronic Paper Display (EPD)), Material (Glass, Metal, Plastic), Type (Curved Display, Bendable and Foldable Display, Rollable Display), Panel Size (Up to 6”, Above 50”, 20-50”, 6-20”), Application (Wearable, TV, Smartphone, Smartwatch, E-reader, Automotive, and Transportation) By Region and forecast till 2027.
Global Foldable Display Market
Global Foldable Display Market was valued at USD 295.50 Million in 2021 and is slated to reach USD 7573.4 Million by 2027 at a CAGR of 52.8% from 2022-2027.
A foldable display is a type of flexible electronic display that is distinct from standard flat-surface displays. Flexible display technology is used in foldable displays, which can be rolled up, twisted, and folded like paper. Foldable displays are far more durable than standard displays. These displays are a new technology that is expected to revolutionize the electronics and semiconductor industries shortly. Foldable displays are common in smartphones, tablets, and notebook computers.
Market Drivers
The growing demand for higher image quality drives up the demand for foldable displays. In recent years, the number of 4K televisions sold has increased exponentially. The quality of the contents and changes in resolution is expected to drive the increase in demand for foldable displays during the forecast period. During the forecast period, the automotive sector is expected to hold a significant share of the foldable display market. The growing use of organic light-emitting diode (OLED) display systems in automobiles, such as head-up displays and dashboard displays, is fueling the demand for foldable displays (navigation, instrument clusters, and media). For instance, LG Display is developing curved FHD 12.3" flexible OLEDs made of plastic and collaborating with companies like Tesla, Cadillac, and Mercedes. This foldable display production by the company began in 2018 and is still going strong. Therefore, as OLED display systems are used more frequently in the automotive industry, the market is anticipated to grow.
Market Restraints
The high cost of foldable displays is one of the major factors expected to impede customer adoption of foldable phones, thereby limiting revenue growth in the global foldable display market. Furthermore, software and hardware incompatibility is another major challenge that will limit market growth to some extent.
Impact of COVID-19
COVID-19 harmed the market, particularly during the early stages of the pandemic, when lockdown measures imposed in various countries disrupted the supply chain for phone and display production. The flexible display market is anticipated to grow more throughout the forecast period, though, as a result of the consumer electronics market's quick recovery and the high demand for goods like laptops, smartphones, and other products in this category.
Market Segmentation
Global Foldable Display Market is segmented into By Technology, Material, Type, Panel Size, and Application. By Technology such as Organic Light-Emitting Diode (OLED), Liquid Crystal Display (LCD), and Electronic Paper Display (EPD). By Materials such as Glass, Metal, and Plastic. By Types such as Curved Display, Bendable, and Foldable Display, Rollable Display. By Panel Size such as Up to 6”, Above 50”, 20-50”, and 6-20”. By Applications such as Wearable, TVs, Smartphones, Smartwatches, E-readers, Automotive, and Transportation.
Regional Analysis
Global Foldable Display Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the increasing production of smartphones with advanced display technologies, primarily in developing countries such as India and China, Asia-Pacific dominates the foldable display market in terms of revenue and market share. Furthermore, increased R7D expenditure by major market players in this region will drive market growth even further. Because of the increasing applications of foldable displays in television and smartphone displays in this region, North America will continue to project the highest growth rate during the forecast period of 2022-2027.
Key Players
This report includes a list of numerous Key Players, namely Kateeva (U.S.), SONY INDIA (India), Pioneer Corporation (Japan), AUO Corporation (Taiwan), BOE Technology Group Co., Ltd (China), Samsung (South Korea), LG Display (South Korea), Panasonic Corporation Co, Ltd (Japan), RITEK CORPORATION (Taiwan), OSRAM GmbH (Germany).
Market Taxonomy
By Technology
• Organic Light-Emitting Diode (OLED)
• Liquid Crystal Display (LCD)
• Electronic Paper Display (EPD)
By Material
• Glass
• Metal
• Plastic
By Type
• Curved Display
• Bendable and Foldable Display
• Rollable Display
By Panel Size
• Up to 6”
• Above 50”
• 20-50”
• 6-20”
By Application
• Wearable
• TV
• Smartphone
• Smartwatch
• E-reader
• Automotive
• Transportation
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Foldable Display Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Foldable Display Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Foldable Display Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Foldable Display Market Share Analysis, By Material
5.3 Global Foldable Display Market Size and Forecast, By Material
5.3.1 Glass
5.3.2 Metal
5.3.3 Plastic
6 Global Foldable Display Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Foldable Display Market Share Analysis, By Technology
6.3 Global Foldable Display Market Share Analysis, By Technology
6.3.1 Organic Light-Emitting Diode (OLED)
6.3.2 Liquid Crystal Display (LCD)
6.3.3 Electronic Paper Display (EPD)
7.Global Foldable Display Market , By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Foldable Display Market Share Analysis, By Application
7.3 Global Foldable Display Market Share Analysis, By Application
7.3.1 Wearable
7.3.2 TV
7.3.3 Smartphone
7.3.4 Smartwatch
7.3.5 E-reader
7.3.6 Automotive
7.3.7 Transportation
8.Global Foldable Display Market , By Type
8.1 Y-o-Y Growth Comparison, By Type
8.2 Global Foldable Display Market Share Analysis, By Type
8.3 Global Foldable Display Market Share Analysis, By Type
8.3.1 Curved Display
8.3.2 Bendable and Foldable Display
8.3.3 Rollable Display
9.Global Foldable Display Market , By Panel Size
9.1 Y-o-Y Growth Comparison, By Panel Size
9.2 Global Foldable Display Market Share Analysis, By Panel Size
9.3 Global Foldable Display Market Share Analysis, By Panel Size
9.3.1 Up to 6”
9.3.2 Above 50”
9.3.3 20-50”
9.3.4 6-20”
10 Global Foldable Display Market, By Region
10.1 Global Foldable Display Market Share Analysis, By Region
10.2 Global Foldable Display Market Share Analysis, By Region
11 North America Foldable Display and Forecast (2022-2027)
11.1 Introduction
11.2 North America Foldable Display Market Share Analysis, By Material
11.3 North America Foldable Display Size and Forecast, By Technology
11.4 North America Foldable Display Market, By Application
11.5 North America Foldable Display Market Size and Forecast, By Type
11.6 North America Foldable Display Market Share Analysis, By Panel Size
11.7 North America Foldable Display Market Size and Forecast, By Country
11.7.1 U.S
11.7.2 Canada
11.7.3 Mexico
12 Europe Foldable Display Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Foldable Display Market Share Analysis, By Material
12.3 Europe Foldable Display Market Size and Forecast, By Technology
12.4 Europe Foldable Display Market, By Application
12.5 Europe Foldable Display Market Size and Forecast, By Type
12.6 Europe Foldable Display Market Share Analysis, By Panel Size
10.7 Europe Foldable Display Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Foldable Display Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia-Pacific Foldable Display Market Size and Forecast, By Material
13.3 Asia-Pacific Foldable Display Market Size and Forecast, By Technology
13.4 Asia-Pacific Foldable Display Market, By Application
13.5 Asia-Pacific Foldable Display Market Size and Forecast, By Type
13.6 Asia-Pacific Foldable Display Market Share Analysis, By Panel Size
13.7 Asia-Pacific Foldable Display Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.5.4. Rest of Asia Pacific
14 Latin America Foldable Display Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Foldable Display Market Size and Forecast, By Material
14.3 Latin America Foldable Display Market Size and Forecast, By Technology
14.4 Latin America Foldable Display Market , By Application
14.5 Latin America Foldable Display Market Size and Forecast, By Type
14.6 Latin America Foldable Display Market Share Analysis, By Panel Size
14.7 Latin America Foldable Display Market Size and Forecast, By Country
14.7.1 Brazil
14.7.2.Rest of Latin America
15 Middle East Foldable Display Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Foldable Display Market Share Analysis, By Material
15.3 Middle East Foldable Display Market Size and Forecast, By Technology
15.4 Middle East Foldable Display Market, By Application
15.5 Middle East Foldable Display Market Size and Forecast, By Type
15.6 Middle East Foldable Display Market Share Analysis, By Panel Size
15.7 Middle East Foldable Display Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.2. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1. Kateeva (U.S.)
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. SONY INDIA (India)
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. Pioneer Corporation (Japan)
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4. AUO Corporation (Taiwan)
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5. BOE Technology Group Co., Ltd (China)
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6. Samsung (South Korea)
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7. LG Display (South Korea)
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8. Panasonic Corporation Co, Ltd (Japan)
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9. RITEK CORPORATION (Taiwan)
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10. OSRAM GmbH (Germany)
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
