Flexible Displays Market Size- KBV Research

NEW YORK - Jan. 19, 2020 - PRLog -- According to a new report Flexible Displays Market, published by KBV Research, The Global Flexible Displays Market size is expected to reach $31.5 billion by 2025, rising at a market growth of 25.9% CAGR during the forecast period. The major factor driving growth is the increasing proliferation of portable electronic devices. Flexible displays are lightweight, energy-efficient, and shatter-proof, which in turn drives their use for the development of smartphones. Growing consumer electronics sales, such as wearable devices, bendable TVs and foldable laptops, are projected to increase demand for flexible displays over the forecast period.

Due to the increasing demand for hand-held devices around the world, the market for smartphones and tablets is growing significantly. It is predicted that this trend will continue over the forecast period. The Smart Wearbles market is anticipated to witness a CAGR of 28.2% during (2019-2025). Additionally, The TV market would witness CAGR of 25.2% during (2019-2025).

The plastics segment recorded the largest market share in 2018 and over the forecast period it is estimated to expand at the prominent growth rate. The Glass market is poised to witness a CAGR of 26.6% during (2019-2025). Additionally, The Others market is expected to witness CAGR of 26.9% during (2019-2025).

Asia Pacific accounts for major market value share and is projected to grow in the forecast period at the highest CAGR. Regional development is accredited to the increasing demand for electronic compact and lightweight devices. North America accounted for a significant market share in 2018. Due to rising demand for energy-efficient products, the regional market is experiencing healthy growth. Due to the significant demand for flexible displays from the automotive industry, Europe is expected to see substantial growth in the coming years and grows with a CAGR of 25.1% during the forecast period.

Structural Insights: https://www.kbvresearch.com/flexible-displays-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region.

Global Flexible Displays Market Segmentation

By Type

OLED

Others

By Application

Smartphone

Smart Wearbles

TV

E-reader

Automotive & Transportation

Others

By Material Type

Plastic

Glass

Others

By Geography

North America

US

Canada

Europe

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

LG Display Co., Ltd. (LG Corporation)

Samsung Electronics Co., Ltd. (Samsung Group)

AU Optronics Corporation

Corning, Inc.

Sharp Corporation

Kateeva, Inc.

BOE Technology Group Co., Ltd.

Royole Corporation

E Ink Holdings, Inc.

Visionox Technology, Inc.