According to the market research report "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" , the market is expected to grow from USD 2.67 Billion in 2016 to USD 15.14 Billion by 2022, at a CAGR of 34.42% between 2017 and 2022.

The growth of this market is majorly driven by a technological shift to and development of energy-efficient, attractive, and high-specification products and the rising demand for smartphones, smartwatches, wearables, televisions, PC monitors, and laptops.

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The smartphones and tablets segment was the largest segment of the flexible display market in 2016.

The smartphones and tablets segment was the largest market segment in 2016. The use of flexible displays in smartphones and tablets makes these more durable, as they offer stylish designs and better ergonomics to operate the devices.

The OLED technology segment is expected to witness the highest growth during the forecast period.

The Organic Light-emitting Diode (OLED) technology segment is expected to witness the highest growth between 2017 and 2022. OLED is a display technology and can be used in various devices, including smartphones, tablets, laptops, smartwatches, and wearables. For example, OLEDs are used in mobile phones, digital cameras, VR headsets, tablets, laptops, and televisions.

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Tables – 62
Figures – 44
Pages- 134

Rising demand for OLED-based devices:

The rising awareness regarding the benefits of OLED technology among consumers has resulted in the increased usage of OLED displays, significantly adding to the development of this market. OLED-based display products offer better viewing angle, and excellent contrast and refresh rates. Active-matrix OLED (AMOLED) products, driven mainly by Samsung Electronics Co., Ltd. (South Korea), are the main fascination of the end users in the consumer electronics market. Samsung offers AMOLED-based display panels in all of its flagship smartphones.

The increasing demand for OLEDs in smartphones, especially for flexible displays, has triggered the growth of the OLED market. OLED offers many advantages, such as low power consumption and reduced material usage, compared with other display technologies such as LED-backlit LCD, offering the widest viewing angle to its user. At present, the market share of OLED in smartphones is less compared with LCD technology; however, it is expected that the OLED technology will have more share in the smartphone market by 2022.

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North America was the largest market for flexible display in 2016.

North America was the largest market in 2016, followed by Asia Pacific and Europe. The US accounted for the largest share of the market in North America. Flexible displays are majorly used in smartphones, tablets, smartwatches, and wearables. Leading companies offering devices and components include Apple, Inc. (U.S.) and Corning Incorporated (U.S.) are based in North America, which has helped the growth of the flexible display market in the region.

Major players operating in the flexible display market include Samsung Display Co. Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Japan Display, Inc. (Japan), and BOE Technology Group Co., Ltd. (China), among others.

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