Foldable Display Market
Foldable Display Market Forecasts to 2030 - Global Analysis By Display Type (Organic Light Emitting Diode (OLED), Polymer Light Emitting Diode (PLED) Displays, Thin-Film Transistor (TFT) Displays, Active-Matrix Organic Light Emitting Diode (AMOLED), Passive-Matrix Organic Light Emitting Diode (PMOLED) and Other Display Types), Substrate Material, Fold Mechanism, Application, End User and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $11.29 BN |
Projected Year Value (2030) |
US $91.31 BN |
CAGR (2023 - 2030) |
34.8% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Foldable Display Market is accounted for $11.29 billion in 2023 and is expected to reach $91.31 billion by 2030 growing at a CAGR of 34.8% during the forecast period. Foldable displays are innovative screen technologies that can be bent or folded without compromising functionality. They enable the creation of flexible devices, such as smart phones and tablets, offering users the convenience of a larger screen that can be easily folded for portability. These displays use advanced materials and engineering to maintain durability and image quality while allowing for a compact form factor.
According to Cisco Systems, the number of connected wearable devices in Asia is expected to reach 311 million in 2022, from 258.2 million in 2021.
Market Dynamics:
Driver:
Escalating demand for innovative technologies
Consumers are increasingly drawn to foldable displays, which offer enhanced portability and versatility in electronic devices such as smartphones and tablets. This surge in demand is fuelled by the desire for cutting-edge features and the seamless integration of flexible display technology into everyday gadgets. As a result, the market is experiencing a significant boost as manufacturers strive to meet the rising consumer expectations for advanced and futuristic display solutions.
Restraint:
Limited application ecosystem
The unique form factor of foldable devices necessitates tailored applications to fully exploit their capabilities. However, the slow adoption and adaptation of existing apps to suit these displays hinder user experience and diminish the appeal of foldable devices. This restraint poses a challenge for manufacturers in delivering seamless functionality and could impede widespread consumer acceptance of foldable displays in the current market landscape.
Opportunity:
Increasing investments in R&D
The increasing investments in R&D drive innovation, leading to the development of advanced technologies and improved manufacturing processes for foldable displays. As R&D efforts continue to address challenges and enhance product features, the market is poised for growth. Companies that prioritize and invest in R&D activities gain a competitive edge by delivering cutting-edge foldable display solutions, meeting evolving consumer demands, and expanding market share in this dynamic and promising industry.
Threat:
High manufacturing costs
Foldable displays have high manufacturing costs due to the complex engineering required for flexible materials, precise hinges, and durable screens. The intricacies of ensuring flexibility without compromising display quality contribute to expensive production processes. Also, the premium pricing makes foldable devices less accessible to a broader market. These high costs limit mass production and result in expensive end products, hindering widespread consumer adoption.
Covid-19 Impact
The covid-19 pandemic initially disrupted the market, causing production delays and supply chain challenges. However, as the world adapted to remote work and increased digital engagement, there was a subsequent surge in demand for innovative devices with foldable displays. This trend led to a rebound in the market, with manufacturers introducing new foldable smart phones and tablets. The pandemic highlighted the importance of flexible and versatile technology, contributing to the resilience and growth of the foldable display market amid global uncertainties.
The inward fold segment is expected to be the largest during the forecast period
The inward fold segment is estimated to have a lucrative growth. The Inward Fold display technology enables a device to fold inwards, protecting the screen when not in use and providing a compact form factor. The flexible display seamlessly bends inward, enhancing portability and durability. This mechanism caters to the growing demand for versatile and space-efficient devices, offering users a unique and practical solution. The inward fold display represents a cutting-edge approach to foldable technology, revolutionizing the way users interact with and carry their devices.
The wearable devices segment is expected to have the highest CAGR during the forecast period
The wearable devices segment is anticipated to witness the highest CAGR growth during the forecast period. Wearable devices with foldable displays represent a cutting-edge evolution in technology, seamlessly merging portability and functionality. These devices feature flexible screens that can be folded, offering a compact form factor when not in use. The foldable display technology allows for innovative designs, enhanced user experiences, and increased versatility in wearables. This advancement opens new possibilities, providing users with a unique blend of convenience and style in the rapidly evolving world of wearable technology.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increasing demand for innovative and flexible electronic devices. With advancements in technology and rising consumer preferences for compact and versatile gadgets, key players in countries like South Korea, China, and Japan are actively contributing to the market expansion. The region's flourishing smartphone and electronics industry, coupled with a tech-savvy consumer base, fuels the adoption of foldable displays in various applications, propelling the Asia Pacific foldable display market forward.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. The leading flexible display manufacturers of the region, such as Samsung, LG Display, and others, are investing considerably in enhancing their production facilities to introduce new products. Moreover, American countries are the base for display manufacturing foundries, which positions them in a dominating market position. The region's tech-savvy population and a competitive market landscape further contribute to the rapid adoption of foldable displays, making North America a key player in the market.
Key players in the market
Some of the key players profiled in the Foldable Display Market include Royole Corporation, Samsung, LG Display, Tianma, BOE Technology, Ube Industries, Kaneka Corporation, Sumitomo Chemical, Semiconductor Energy Laboratory (SEL), Asahi Glass, OnePlus, C3 Nano, The 3M Company, Fuji Film, Huawei Technologies Limited and Innolux Corporation.
Key Developments:
In January 2024, Samsung Display unveiled groundbreaking products at CES 2024 that will shape the future of the display industry. The company launched new generation monitor-sized OLEDs with both foldable and slidable technologies. This also includes QD-OLEDs designed for monitors with the highest level of pixel density and refresh rates for self-illuminating technology.
In October 2023, OnePlus, the Chinese smartphone brand, known for its premium headsets, has launched its very first foldable phone called the OnePlus Open. The foldable phone runs on OxygenOS 13.2 operating system, which is based on Android 13.
Display Types Covered:
• Organic Light Emitting Diode (OLED)
• Polymer Light Emitting Diode (PLED) Displays
• Thin-Film Transistor (TFT) Displays
• Active-Matrix Organic Light Emitting Diode (AMOLED)
• Passive-Matrix Organic Light Emitting Diode (PMOLED)
• Other Display Types
Substrate Materials Covered:
• Glass
• Plastic
• Other Substrate Materials
Fold Mechanisms Covered:
• Inward Fold
• Outward Fold
• Rollable
• Fold & Slide
Applications Covered:
• Smart Phones
• Tablets
• Laptops
• Televisions
• Wearable Devices
• Other Applications
End Users Covered:
• Consumer Electronics
• Healthcare
• Automotive
• Aerospace & Defense
• Industrial
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Foldable Display Market, By Display Type
5.1 Introduction
5.2 Organic Light Emitting Diode (OLED)
5.3 Polymer Light Emitting Diode (PLED) Displays
5.4 Thin-Film Transistor (TFT) Displays
5.5 Active-Matrix Organic Light Emitting Diode (AMOLED)
5.6 Passive-Matrix Organic Light Emitting Diode (PMOLED)
5.7 Other Display Types
6 Global Foldable Display Market, By Substrate Material
6.1 Introduction
6.2 Glass
6.3 Plastic
6.4 Other Substrate Materials
7 Global Foldable Display Market, By Fold Mechanism
7.1 Introduction
7.2 Inward Fold
7.3 Outward Fold
7.4 Rollable
7.5 Fold & Slide
8 Global Foldable Display Market, By Application
8.1 Introduction
8.2 Smart Phones
8.3 Tablets
8.4 Laptops
8.5 Televisions
8.6 Wearable Devices
8.7 Other Applications
9 Global Foldable Display Market, By End User
9.1 Introduction
9.2 Consumer Electronics
9.3 Healthcare
9.4 Automotive
9.5 Aerospace & Defense
9.6 Industrial
9.7 Other End Users
10 Global Foldable Display Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Royole Corporation
12.2 Samsung
12.3 LG Display
12.4 Tianma
12.5 BOE Technology
12.6 Ube Industries
12.7 Kaneka Corporation
12.8 Sumitomo Chemical
12.9 Semiconductor Energy Laboratory (SEL)
12.10 Asahi Glass
12.11 OnePlus
12.12 C3 Nano
12.13 The 3M Company
12.14 Fuji Film
12.15 Huawei Technologies Limited
12.16 Innolux Corporation
List of Tables
1 Global Foldable Display Market Outlook, By Region (2021-2030) ($MN)
2 Global Foldable Display Market Outlook, By Display Type (2021-2030) ($MN)
3 Global Foldable Display Market Outlook, By Organic Light Emitting Diode (OLED) (2021-2030) ($MN)
4 Global Foldable Display Market Outlook, By Polymer Light Emitting Diode (PLED) Displays (2021-2030) ($MN)
5 Global Foldable Display Market Outlook, By Thin-Film Transistor (TFT) Displays (2021-2030) ($MN)
6 Global Foldable Display Market Outlook, By Active-Matrix Organic Light Emitting Diode (AMOLED) (2021-2030) ($MN)
7 Global Foldable Display Market Outlook, By Passive-Matrix Organic Light Emitting Diode (PMOLED) (2021-2030) ($MN)
8 Global Foldable Display Market Outlook, By Other Display Types (2021-2030) ($MN)
9 Global Foldable Display Market Outlook, By Substrate Material (2021-2030) ($MN)
10 Global Foldable Display Market Outlook, By Glass (2021-2030) ($MN)
11 Global Foldable Display Market Outlook, By Plastic (2021-2030) ($MN)
12 Global Foldable Display Market Outlook, By Other Substrate Materials (2021-2030) ($MN)
13 Global Foldable Display Market Outlook, By Fold Mechanism (2021-2030) ($MN)
14 Global Foldable Display Market Outlook, By Inward Fold (2021-2030) ($MN)
15 Global Foldable Display Market Outlook, By Outward Fold (2021-2030) ($MN)
16 Global Foldable Display Market Outlook, By Rollable (2021-2030) ($MN)
17 Global Foldable Display Market Outlook, By Fold & Slide (2021-2030) ($MN)
18 Global Foldable Display Market Outlook, By Application (2021-2030) ($MN)
19 Global Foldable Display Market Outlook, By Smart Phones (2021-2030) ($MN)
20 Global Foldable Display Market Outlook, By Tablets (2021-2030) ($MN)
21 Global Foldable Display Market Outlook, By Laptops (2021-2030) ($MN)
22 Global Foldable Display Market Outlook, By Televisions (2021-2030) ($MN)
23 Global Foldable Display Market Outlook, By Wearable Devices (2021-2030) ($MN)
24 Global Foldable Display Market Outlook, By Other Applications (2021-2030) ($MN)
25 Global Foldable Display Market Outlook, By End User (2021-2030) ($MN)
26 Global Foldable Display Market Outlook, By Consumer Electronics (2021-2030) ($MN)
27 Global Foldable Display Market Outlook, By Healthcare (2021-2030) ($MN)
28 Global Foldable Display Market Outlook, By Automotive (2021-2030) ($MN)
29 Global Foldable Display Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
30 Global Foldable Display Market Outlook, By Industrial (2021-2030) ($MN)
31 Global Foldable Display Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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