The flexible display market
features an increasingly competitive landscape and several globally
prominent players in the market are seeking new growth avenues.
Transparency Market Research (TMR) observes that one of the foremost
strategies key companies have been adopting over past several years is
making sizeable investments in mergers and acquisitions. In addition,
they are focusing on consolidating their geographic reach, in order to
strengthen their shares in the global flexible display market. Top
players in the global flexible display market are also engaged in
unveiling new technologies in order to expand their product lines.
Furthermore, a growing number of players are focusing on bringing
technological improvements and advancements in flexible displays, in the
hope of substantial competitive gains, notes TMR.
Given the enormous prospects in various
end-use industries, the global flexible display market is expected to
garner a phenomenal CAGR of 33.5% during 2017–2025. The market stood at
US$4.5 bn in 2016 and the opportunities are projected to reach a
valuation of US$47.892 bn by 2025 end.
Among the various categories of form
factor, the curved display segment accounts for the leading share in the
global flexible display market. The prominent demand it serves is
attributed to its capability for offering optimal visual design,
especially suited to consumers attracted by panoramic images.
Regionally, North America presently holds the sway on account of
presence of several players of global standing. The regional market for
flexible display is expected to rise at robust growth rate and by 2025
end is forecast to attain worth of US$18.2 billion.
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Technological advances in End Products’ Design and Functionalities to bolster Growth
Key evolutionary dynamics in the global
flexible display market are largely influenced by the pace of
technological advances in end products’ design and functionalities. The
constant pace of advances is leading to high-end displays with
applications in consumer devices such as tablets, smartphones,
television, and a wide range of various electronic gadgets. Efforts by
players from varied industries to develop cutting-edge flexible display
technologies are driving developments in the flexible display market.
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