The global foldable display market is expected to witness considerable gains over the years due to growing user preference towards the need for the latest electronic offerings along with the growth in the adoption of breakthrough technologies. These displays use plastic or metal foils to ensure that they are lightweight and durable, which facilitates the production of new devices like tablets that may be used as phones and smart wearables that can be paired with smartphones.
According to reports, global foldable display market is likely to cross USD 18 billion in terms of total annual remuneration by 2025.
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Foldable displays are flexible in nature, on account of which they can provide design flexibility and manufacturing feasibility to the electronic device producers. Integration of these displays in new devices provides several benefits over traditional non-foldable displays. Nowadays, increasing adoption of such technology trends by leading smartphone and other electronics equipment manufacturers is slated to enhance foldable display market share over the years ahead.
The folding display technology will be able to solve the problems of accidental damage from falling, currently a general issue among the smartphone users. The foldable phones will provide a much larger display in terms of a smaller design to create a magical experience for multi-tasking on mobile devices. Larger displays are worth for watching videos, playing games, and reading stuff online, driving in more buyers for foldable display devices and further surging market size in terms of revenue.
Of late, many electronic devices manufacturers have been investing in new product development. Smartphone giants like Apple have been working to integrate this foldable display technology into smartphones, tablets, and wearable devices. Increasing acceptance of such new technology trends will further enhance the business potential.
The foldable designs still seem to have some drawbacks, but the companies like Huawei, Xiaomi, and Lenovo are constantly working to eliminate them from the device prototypes. As more and more companies launch their products, foldable display market outlook is bound to transform in the ensuing years. Increasing popularity of upcoming versions of smartphones and wearable devices will further widen the business landscape and support market expansion.
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In terms of regional market trends, North America, the biggest smartphone industry in the world is foreseen to emerge as one of the most profitable grounds for foldable display market, owing to growing technological advancements as well as high disposable income. Also, the presence of leading giants like Apple and Microsoft in the region, that are planning to incorporate foldable displays in their products may stimulate the regional market growth over the forecast timeline.
Asia Pacific region may witness a modest market growth for foldable displays, given the restrains of high costs of the newly introduced technology and affordability issues among the low-income countries. The expected prices of such foldable display devices are estimated to be too high for the middle-class masses, which may result in the region depicting an average market growth.
The market players include BOE, Royole Corporation, Tianma, Samsung, and LG, to name a few.
Major Key Points from Table of Content:
Chapter 4. Foldable Display Market, By Application (Revenue, Shipment)
4.1. Key trends by application
4.2.1. Market estimates and forecast, 2018 - 2025
4.3.1. Market estimates and forecast, 2018 - 2025
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