Global Foldable Display Market, 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) - Industry Trends and Forecast to 2030.
Foldable Display Market Analysis and Size
Modernization appears like a never-ending process because societies have been experiencing it for centuries and remain to do so all over the globe. Smartphones are one of the major end-user segments for advanced displays. It has been witnessed that increasing focus of manufacturers on the growth of innovative products in the semiconductors and electronics industry such as wearable devices and OLED technology is likely to increase the demand for foldable displays.
Data Bridge Market Research analyses that the foldable display market is expected to reach USD 53,892.24 million by 2030, which is USD 776.21 million in 2022, registering a CAGR of 69.90% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Foldable Display Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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WiseChip Semiconductor Inc. (Taiwan), WINSTAR Display Co., Ltd. (China), Visionox Company (China), SHARP CORPORATION (Japan), Innolux Corporation (Taiwan), RAYSTAR OPTRONICS, INC, (Taiwan), RITEK CORPORATION (Taiwan), OSRAM GmbH (Germany), Plessey (U.K.), Samsung (South Korea), LG Display (South Korea), Panasonic Corporation Co, Ltd (Japan), Japan Display Inc (Japan), AUO Corporation (Taiwan), BOE Technology Group Co., Ltd (China), Corning Incorporated (U.S.), DuPont (U.S.), FlexEnable Limited (U.K.), Kateeva (U.S.), SONY INDIA (India), Pioneer Corporation (Japan)
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Market Opportunities
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Market Definition
A foldable display is a type of flexible electronic display which differs from normal flat-surface displays. Foldable displays use flexible display technology which can be rolled up, twisted and folded like paper. Foldable displays are highly durable as compared to normal displays. These displays are new technology which is predicted to revolutionize the electronics and semiconductor and industries shortly. Foldable displays have been common in smartphones, tablets, and notebooks.
Foldable Display Market Dynamics
Drivers
- Increasing demand of foldable display due to quality and change in resolution
The growing demand for greater picture quality increases the demand for the foldable display. The number of 4K televisions sold has augmented exponentially in last few years. As per the analysis of Japan Electronics and Information Technology Industries Association (JEITA), the number of 4K TVs shipped will be 3.05 million, up from 2.58 million the previous year in Japan in 2020. The increase in demand of foldable display is anticipated to be driven by the quality of the contents and change in resolution during the forecast period.
- Increasing usage of OLED display systems in automotive industry
The automotive sector is expected to register the significant share in the foldable display market during the forecast period. Increasing the number of applications of organic light-emitting diode (OLED) display systems in vehicles such as head up displays and dashboard displays (navigation, instrument clusters, media) is boosting the revenue of the foldable display. For instance, LG Display is emerging FHD 12.3" curved plastic-based flexible OLEDs, and the company is also collaborating with companies such as Mercedes, Cadillac, Tesla and started manufacturing those foldable displays commercially in 2018. Thus, increasing usage of OLED display systems in automotive industry is liklet to propel the market growth
Opportunities
- Surging product launches by market players in display market
Rising product launches and other innovations by market players will create numerous growth opportunities in the market. For instance, Nubia, a smart phone company, has disclosed the introduction of smart wearable product and a flexible AMOLED display. Various advanced features have been witnessed in this smartwatch which is having a curved shape such as health and sports tracking. The notifications of messages can be received on this device too. An advanced visual experience coupled with stunning panoramas is accessible by this display.
- Growing demand of consumer electronics
The increasing trend of smart homes and demand for connected technologies are some of the major factors which are rising adoption of innovative and connected solutions in consumer electronics sector and will create immense opportunities for market growth. Effective data storage is becoming important nowadays because so many viewers consuming media from OTT platforms such as Amazon, Netflix, and others. Therefore, the demand for the TVs is expected to increase the foldable display market.
Restraints/ Challenges
- High cost and incompatibility of hardware and software
High cost of foldable display is one of the major factors that is expected to hamper the adoption of foldable phones among customers, which will likely hinder the revenue growth of the global foldable display market. Furthermore, software and hardware incompatibility is another biggest and foremost challenge which will hamper the market growth to a certain extent.
This foldable display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the foldable display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, BOE exhibits the novel innovative display technology with a prototype phone that folds inwards such as clamshell for storage. It may also be used as a tablet, comparable to the Huawei Mate X series and Samsung Galaxy Z Fold when unfurled.
- In 2020, Samsung launched Galaxy Z Fold 2 at the Galaxy Unpacked 2020 Part 2 virtual event. This is the third foldable phone company in the series, which started with the Galaxy Fold last year. The Galaxy Z Fold 2 has shown many improvements in the Galaxy Fold and Galaxy Z Flip, both of which were launched earlier this year.
Global Foldable Display Market Scope
The foldable display market is segmented on the basis of technology, material, type, panel size and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
- Transportation
Foldable Display Market Regional Analysis/Insights
The foldable display market is analyzed and market size insights and trends are provided by country, technology, material, type, panel size and application as referenced above.
The countries covered in the foldable display market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the foldable display market in terms of revenue and market share owing to the increasing production of smartphones with advanced display technologies, mainly in the developing counties such as India and China. Furthermore, augmented expenditure by major market players in this region for R7D activities will further increase the market growth.
North America will continue to project the highest growth rate during the forecast period of 2023-2030 due to the increasing applications of foldable displays in television and smartphones displays in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Foldable Display Market Share Analysis
The foldable display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to foldable display market.
Some of the major players operating in the foldable display market are:
- WiseChip Semiconductor Inc. (Taiwan)
- WINSTAR Display Co., Ltd. (China)
- Visionox Company (China)
- SHARP CORPORATION (Japan)
- Innolux Corporation (Taiwan)
- RAYSTAR OPTRONICS, INC, (Taiwan)
- RITEK CORPORATION (Taiwan)
- OSRAM GmbH (Germany)
- Plessey (U.K.)
- Samsung (South Korea)
- LG Display (South Korea)
- Panasonic Corporation Co, Ltd (Japan)
- Japan Display Inc (Japan)
- AUO Corporation (Taiwan)
- BOE Technology Group Co., Ltd (China)
- Corning Incorporated (U.S.)
- DuPont (U.S.)
- FlexEnable Limited (U.K.)
- Kateeva (U.S.)
- SONY INDIA (India)
- Pioneer Corporation (Japan)
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