The Asia Pacific region is expected to reach USD 118.7 billion by 2030 with a CAGR of 36.65% in Asia Pacific flexible display market.
The term "flexible display" refers to any visual output surface that is constructed to be able to withstand being folded, bent, or twisted in any direction. OLED displays are commonly used in screens that use flexible displays. Flexible displays are becoming more common in foldable technology, such as smartphones that can be folded or closed like a book.
Flexible displays are helpful because they permit the device to be stored in a smaller space, like a pocket, while also providing a screen size that is more enjoyable for the display of media. This is a useful combination. Flexible displays in mobile devices can improve multitasking. Foldable displays on smartphones may one day make it unnecessary for some people to carry around a tablet in addition to their primary device. The cache of something new and futuristic is the main draw of a folding display.
Rollable displays can be used in a variety of things, including:
Mobile phones, PDAs and laptops, a display that is permanently conformed to fit snugly around the wrists, a kid's mask for Halloween and other occasions & an unusually shaped display built into a steering wheel or automobile.
The expansion of the flexible displays market in Asia Pacific is likely to be driven over the forecast period by lucrative advantages offered by OLED technology. The OLED technology provides a number of benefits, including improved image quality, colours that are more vivid, a higher contrast ratio, and a faster refresh rate. OLED displays are more compact and thinner than their LCD counterparts, and they also offer superior energy management due to the fact that they operate at their optimum power. In addition, customers have access to extra benefits because to the expanded viewing angles provided by OLED panels.
Over the course of the forecast period, the expansion of the Asia Pacific flexible display market is anticipated to be driven by the increasing application of OLED displays. Devices that use OLEDs have begun to find applications in a wide variety of industries all around the world. OLED technology is currently being implemented in a variety of consumer electronics, including media players, digital cameras, mobile phones, televisions, and wearable devices, among other things. In order to broaden their product offerings and obtain a competitive advantage in the market, many of the most significant market companies, including Sony, Samsung, and LG, have recently introduced a number of new items that include OLED displays.
The smartphone market is the primary force behind the growing demand for flexible screens, and numerous suppliers, particularly Chinese manufacturers, are increasing their concentration on this market sector. In addition to this, many other manufacturers are concentrating their efforts on expanding their product lines and strengthening their positions in the markets for televisions and computers (including laptop and desktop screens). During the third and fourth quarters of 2020, LG Display boosted the production capacity of its Gen 8 and Gen 8 OLED screens.
The market for flexible displays in the Asia-Pacific region may be broken down into three distinct categories: the component utilised, the technology & the application.
On the basis of components used we further divide it into Organic material, Substrate, Conductive layer, Backlight panel & Others.
Display technology and display manufacturing technology are the two subcategories that are included in the technology segment's further subdivisions. OLED, E-paper, LCD, and LCOS are some of the technologies that are used in display technology. The technologies used in display manufacturing include plasma display technology as well as flat panel display technology.
By the application we divide the market further into E-reader, Smart phones, Tablet, Laptop, E-paper and Television.
In terms of volume, the OLED display market in Asia Pacific had a leading position in the global market in 2020, accounting for 71.6% of the total share. This was followed by Europe and North America, in that order.
In 2021, the Asia-Pacific region was responsible for the biggest market share overall, which was approximately 43.78%. South Korea, Japan & China are home to many reputed companies which deals in flexible display products. Hence, making it the largest among all the other regions.
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
In terms of its outward appearance, the Samsung gadget seems to be standard. It does not appear to be a device that can be folded or flipped. Instead, this piece of hardware will have a bendable display, which appears to be an extension of the primary display that will go all the way up to the middle of the back panel in a horizontal orientation. The flexible display will have a sliding mechanism for movement.