- Flexible displays are flexible in nature, in comparison to the traditional displays that are utilized in most of the electronic devices. These displays are substituting for flat pieces of glass or plastics in the computer monitors, televisions, and mobile phones. They are sturdy in nature in comparison to the traditional displays.
- Major factors that are expected to boost the growth of the flexible display market in the forecast period are the development in the electronic technology and the growing demands of the products. The increase in the demand for connected and automated vehicles which required a display for documentary and navigation services and the increasing acceptance of digital signage system with the initiation of the smart city concept are further anticipated to further propel the growth of the flexible display market.
- Asia Pacific is expected to dominate the Flexible Display market due to the growing demand for compact and light-weight electronic devices. Furthermore, the rise of the smartphones and the growing acceptance of the advanced technologies will further boost the flexible display market in the region during the forecast period.
- North America is expected to be the fastest growing region in the Flexible Display market during the forecast period due to the increase in the demand for energy-effective devices. Moreover, the substantial demand for adaptable displays is further anticipated to further propel the growth of the flexible display market in the region in the coming years.
- The OLED segment is expected to dominate the Flexible Display market, with a market share of 37.23% during the forecast period. This leadership is attributed to the soaring demand for lightweight, foldable, and energy-efficient display devices, increasing adoption in smartphones, wearables, and televisions, and continuous technological advancements in display quality and durability
