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The enhancement in the product portfolio & technological advancements will provide lucrative market opportunities for the global flexible display market.

Newark, Aug. 08, 2022 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global flexible display market is expected to grow from USD 11.54 billion in 2021 to USD 88.04 billion by 2030, at a CAGR of 25.33% during the forecast period 2022-2030.

With new companies with better smartphones and improved features, each player"s market share in the highly segmented smartphone market is dwindling. Because of the accelerated pace of innovation, the product life cycle of smartphones is also shortening, allowing market players to release improved versions of smartphones within months. Industry participants are investing resources in research and development of improved technologies that can improve their products to retain and extend their consumer base in the smartphone market. Flexible display technology is an example of an energy-efficient and attractive technology, as well as lightweight, resilient, bendable, and rugged. Flexible displays allow manufacturers to create a wide range of electronic products previously impossible to achieve with rigid flat-screen technology. The global market will be driven by the growing use of flexible displays in smartphones. The ever-increasing need for wearable smart devices to track a person"s health would give market players significant opportunities to adopt flexible display technology in the wearable devices category. Manufacturers have been able to explore new areas for applying flexible displays due to technological improvements. Flexible display technology"s thin, foldable, and rollable nature has allowed them to develop new products in various forms and sizes, and expand their product portfolio. Expanding the product range will open up significant market opportunities for the worldwide flexible display industry. The expensive nature of flexible technology will restrict the growth of the market. The increased risk of malfunctioning flexible devices when exposed to moisture and extreme temperatures will challenge the market"s growth. Technological advancements and increased production to achieve economies of scale can aid market players in overcoming these challenges.

To enhance their market position in the global flexible display, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.

The increased demand for smart appliances with touchscreen functionalities will drive the flexible display market. Flexible display electronics" portability, agility, and aesthetic characteristics contribute to their growing appeal. Consumers" growing willingness to spend on high-end flexible display devices is due to their increasing disposable income. The global flexible display market is also driven by technological developments using better light-emitting technologies that enable streaming partners to give excellent picture quality while displaying their content on such devices. The integration of augmented reality and rising digitization in the smart connected devices market has increased the energy efficiency of these products and thereby has contributed to their rising demand in the market. Technological advancements have paved the way for using flexible display technology in big television and laptop screens, expanding the market opportunities for the industry players.

The technology segment is divided into OLED display, LED display, E-Paper display, LCD display, EPD display, & Others. Over the forecast period, the OLED display segment is expected to grow at the fastest CAGR of 32.91%.

The Asia Pacific region emerged as the largest market for global flexible display, with a market share of around 36.45% and 4.20 billion of the market revenue in 2021. The Asia Pacific is expected to grow at the fastest CAGR forecast period. The flexible display market in the Asia Pacific has been expanding rapidly. The growing population of India and China are contributing to the increasing consumer demand for lightweight and flexible electronic devices. Also, China, South Korea, Singapore, and Japan are leading innovators in flexible display electronics. The presence of significant private market players in the region contributes to the growing innovation in the flexible display market. It is one of the major reasons for the region"s dominance.

This study forecasts global, regional, and country revenue from 2019 to 2030. The Brainy Insights has segmented the global flexible display based on the below-mentioned segments:

The global flexible display are analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter"s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients" objectives of high-quality output within a short span of time. We provide both customized (clients" specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients" requirement whether they are looking to expand or planning to launch a new product in the global market.

Over the past ten years, flexible display technology has gotten more advanced in applications across industries. Azumo’slight guide film, for example, can be as thin as a piece of paper at 30 microns, which means you can wrap it around any curved surface and still get the same quality.

Flexible display technology isn’t new to smartphones. The iPhone X has a bendable display to bend around the edges, and theSamsung Galaxy Roundpioneered a curved smartphone design back in 2013 for improved ergonomic use.

Another key benefit of a flexible display in smartphones is that it makes the device more durable. Phones with this type of surface illumination technology can flex under impact, as opposed to the easily shatterable glass displays we’re used to.

Advances in display technology have made the first two possible thanks tofrontlit reflective LCDand longer battery life. But some wearables, especially those intended for medical and not purely aesthetic or practical reasons, are not always comfortable on a body in motion if they rely on a flat screen.

With flexible displays, we may start to see body-conforming designs incorporated into watches and other devices that curve around the body, instead of just a flat display attached to a wristband or wrap. This can make people who stand to benefit from wearable devices more inclined to use them.

Consider awearable heart rate measurement devicefor children with autism spectrum disorder (ASD) that can predict a stress response. A thin, curved band that the child can wear around their wrist or arm may be more comfortable than a clunky watch or belt.

Theautomotive industryis ripe for display technology innovation. Flexible displays in particular can transform one of the most important curved surfaces in every car: the steering wheel.

A full touch screen steering wheel may be further off, but steering wheels with surface illumination are now within reach with ultra-thin, flexible light guide films. A wheel with a light display can provide car and environment information to the driver in real time, no need to take their eyes off the road.

Beyond consumer electronics, wearables, and cars, flexible display technology has the potential to disrupt decades-old design norms in all kinds of devices, frommedicaltomanufacturing.

One of the many benefits of OLEDs includes its manufacturability on rigid (glass) or flexible substrates. We are working on a number of technologies required for the fabrication of OLEDs on flexible substrates or FOLEDs. FOLEDs are OLEDs built on non-rigid substrates such as plastic or metal foil. This enhances the durability and enables conformation to certain shapes and even repeated bending, rolling or flexing. FOLEDs, still in their infancy, will usher in a range of new design possibilities for the display and lighting industries. Imagine having a mobile phone that looks like a pen but has a bright, full-color display that rolls in and out for use. We call that the Universal Communication Device™ (UCD). Open your imagination to what consumer and lighting products can be, including a foldable smartphone that could open up into a tablet display, a television that could roll up into your pocket, and conformable transparent interior lighting panels that could be unbreakable. These ideas offer, we believe, a mere glimpse into the wonders and possibilities that FOLEDs engender.

History. In the late 1990s, our research partner at Princeton University discovered that small-molecule OLEDs could be built on flexible substrates, such as thin plastic. Since then, our team has led the development of this very exciting next-generation technology.

Offering the display capabilities of a high-quality screen, while providing extreme compactness when not in use, FOLEDs also offer unique performance features not possible with today’s LCDs. For use in lighting, FOLEDs can also provide some significant advantages over conventional incandescent and fluorescent lighting. FOLED benefits include:Thinner and lighter weight – Built on very thin plastic or metal foil, FOLEDs can be much thinner and lighter than backlit LCDs and other displays in the market today. So cell phones, portable computers, wall-mounted televisions and other products with displays, can also be lighter and smaller. Plus, FOLED technology may allow easier installation of white OLED lighting tiles in more settings, and create novel uses in architecture that are not possible with today’s fluorescent and incandescent lights.

Flexible – Depending on the thickness and intrinsic properties of the flexible substrate, FOLEDs can be made to be bendable, conformable, rollable and foldable. With continued development, FOLEDs will be made to flex routinely for use in such products conceptualized as the UCD.

Cost-effective – Today, OLEDs typically use production techniques that rely on the sequential processing of discrete glass panels. With flexible substrates that typically originate in a roll-stock format (like paper rolls), it is envisioned that FOLED production may evolve to higher throughput, roll-to-roll processes, as commonly used in the printing industry. This may provide the basis for truly low-cost mass production.

Foldable and flexible displays have been making the rounds in recent years. Numerous phones, monitors, and other devices have been making headlines for incorporating this new and innovative spin on electronic displays.

Flexible screens are an exciting take on the traditional flat-screen display. And in a sense, they seem like the logical next step in display technology. But this seemingly newfound concept is actually a lot older than you might think. Enter: Xerox PARC.

Xerox PARC, the company that pioneered many of today’s technologies, such as the laser printer and Ethernet standard, also developed the concept of a flexible electronic display way back in 1974. The concept was developed into an “electronic paper” called Gyricon.

Since then, there have been many big changes in the development of display technology behind the scenes. But possibly the biggest one that makes modern flexible screens possible is OLED technology.

Due to the nature of OLED screens, which don’t need separate backlighting to function, it’s now possible to create displays thin enough to bend and flex. Combined with advancements in screen and glass technologies, you have the modern form of bendable and flexible screens and displays.

Modern problems require modern solutions. And while flexible displays are anything but new, novel twists using the technology can showcase how it can be viable going forward and why we could be on the cusp of the next big thing.

Samsung is a manufacturer pushing boundaries with their flexible and foldable phones, but they are not focused solely on the mobile market. Samsung’s Odyssey Ark is a 55-inch curved display able to rotate, pivot, and tilt with Samsung’s proprietary Height Adjustable Stand (HAS). Combined with the curved, densely packed mini LED arrangement, the Odyssey Ark provides unique viewing that fills viewers’ peripheral vision to create a more immersive experience. The Odyssey Ark also gives users full customization by vertically or horizontally orienting the display. One of the Odyssey Ark’s features, Flex Move, allows users to adjust the screen size and ratios to tailor their viewing experience further.

If you’ve watched videos or played games on a mobile device, you know that having a bigger screen can be much easier on the eyes. And this is one space where flexible and foldable displays are looking to revolutionize the tech industry.

The Samsung Galaxy Z Flip 3 is one example of how this can work. Its large 6.7-inch screen teeters on the edge of being too bulky as a phone. But folding the phone in half makes it easier to pocket and hearkens back to the days of old-school flip phones, where you could quickly clasp the phone shut and throw it in your pocket.

Of course, the Z Flip 3 isn’t a massive phone, comparatively at least. With other phones like the iPhone 13 Pro Max and Samsung Galaxy S22 Ultra coming in at comparable sizes, it certainly isn’t breaking ground in terms of total screen size. But it also showcases how phones can shrink in size without reducing screen space.

Folding phones can also allow us to have larger screens without making them unwieldy. The Galaxy Z Fold 4 boasts an impressive 7.6-inch display but folds down to a mere 6.2-inch phone-sized device that packs a tablet-sized wallop. And as companies continue to work out the kinks in foldable and flip phone designs, we could see phones that fold multiple times to allow for even bigger screens.

But folding and flipping phones aren’t the only ways to shrink our ever-growing desire for larger portable screens. The rollable phone is perhaps the most innovative and smoothest iteration of the big-phone-in-a-small-package.

Smartphones seem to be leading the revolution of flexible screens, with folding phones first making their debut in 2018. But laptops would soon join the fold with the release of the Lenovo ThinkPad X1 Fold in 2020.

Being the first laptop with a foldable screen, it – and its successor, the Lenovo 16.3-inch ThinkPad X1 Fold – is here to prove that folding screens aren’t solely limited to smartphones.

Given what we’ve seen with the ThinkPad X1 Fold, this “laptop” is more like a tablet with a bundled keyboard. Or, as Lenovo’s vice president, Jerry Paradise, put it, a “chameleon of personal computing devices”.

In any case, it’s usable as a laptop and showcases how the future of laptops could use folding screen tech. With its 16-inch model folding down to a modest 12 inches, it’s not too far-fetched to think that we could eventually see 20+-inch laptops hitting the market with this technology.

Curved monitors are nothing new in the PC space and have made it to the mainstream. With the push for larger displays, having a curved screen allows for better immersion and utilization of the extra screen real estate. And so, unsurprisingly, flexible display technology is also making its way into the home as well.

You may have heard of the recently announced Corsair Xeneon Flex. If not, it’s essentially a new 45-inch flexible OLED gaming monitor that allows you to adjust the screen’s curvature.

However, while it’s a first in the PC display space, large flexible screens aren’t entirely new. In fact, they date back to at least 2014, when Samsung and LG unveiled a couple of massive flexible TVs during that year’s CES.

Curved and flexible TVs have been a much harder sell than their smaller computer monitor brethren, likely because they don’t work so well in the living room context. But what about rollable TVs?

Much like rollable smartphones, rollable TVs are probably the most interesting use of flexible display tech so far, allowing you to have a monstrous screen that can completely hide away with a simple push of a button.

The 64.5-inch LG OLED R debuted in 2021 and is the world’s first commercially available rollable TV. Of course, it’s not something you or anyone is likely to actually purchase, thanks to its eye-watering $100,000 price tag. Nevertheless, it’s an intriguing take on where flexible screens can possibly lead us to in the future of televisions.

Flexible screens present a number of advantages to their rigid counterparts that could reshape how we think of smartphones, computers, and televisions in the future. But right now, we’re in the awkward early stages where there are still plenty of kinks to work out.

Nevertheless, flexible display devices costing thousands make it a hard sell for most consumers. Comparable, non-flexible alternatives are available for much less, making them even less compelling.

Durability is another important factor for adoption. Display tech over the last 20 years has been rather frail, and consumers are keenly aware of this. Plastic and ultra-thin glass screens are highly susceptible to damage, and the addition of mechanical action – another potential point of failure – to primarily electronic devices makes for a justifiable concern, further hampering adoption.