What is Foldable Display Market?
The foldable devices are gaining prominence due to the advanced and enhanced ease in handling foldable smartphones. These devices deliver a more impressive experience for the users while reading, playing games, or watching videos. It also offers flexibility in terms of multitasking which indicates the rise of the foldable market. The foldable market is on rising due to the increasing needs of the end-users. The ongoing commercialization of smartphones with foldable and flexible displays is fuelling the growth of the market. The foldable display is a highly flexible electronic display as compared to the traditional flat displays which were offered by the players. These are based on the flexible display technology which can be twisted, rolled, turned, and even folded like paper according to the need of the users. It is an upcoming technology that is revolutionizing the electronics industry due to the high requirement from smartphone manufacturers and the quick advancements in LED, OLED, and AMOLED displays.
The market study is being classified by Type (LED, OLED [Flat, Flexible] and AMOLED), by Application (Smartphones and Tablets) and major geographies with country level break-up.
Xiaomi Corp (China), Royole Corporation (United States), Samsung Electronics Co., Ltd (South Korea), Huawei Technologies (China), Motorola, Inc. (United States), LG Display Co., Ltd (South Korea), BOE Technology Group Co Ltd (China), Applied Materials, Inc. (United States), C3Nano (United States), Altenergy Power System, Inc. (United States), Visionox Technology (China), 3M (United States), Apple Inc. (United States), FUJIFILM Holdings Corporation (Japan), Huawei Technologies Co. Ltd (Japan), Microsoft (United States), Zeon Corporation (Japan), Nitto Denko Corporation (Japan), Schott NYC (United States), Solip Tech Co., Ltd (South Korea), Sumitomo Chemical Co., Ltd (Japan) and Tosoh Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Kaneka Corporation (Japan), Kateeva (United States), Konica Minolta Business Solutions U.S.A., Inc (United States), Semiconductor Energy Laboratory Co., Ltd (Japan) and Tianma Microelectronics Co., Ltd (China).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asian Players will contribute to the maximum growth of Global Foldable Display market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Foldable Display market by Type, Application and Region.
On the basis of geography, the market of Foldable Display has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Smartphone Ownership
- Technological Advancements in OLED Display Technology
- Increasing Disposable Income & Spending Capacity
- Huge Demand of New and Advanced Smartphones Displays
- High Cost Regarding Technology
- Incompatibility Issues of the Hardware and Software
- Changing Display Technology and Quick Transformations Is Boosting the Market Growth
- Technological Defects in the Existing Offerings
- Intense Competition among the Players
Market Leaders and some development strategies
On 1st of December, 2020, Merck a leading science and Technology Company, announced partnership agreements with Optitune Oy, Oulu, Finland, and Solip Tech Co., Ltd., Daejeon, South Korea, to bring their first products under the new umbrella brand liviFlexTM to the flexible and foldable display market. liviFlexTM offers a new and wide range of display materials that address challenges in the manufacture of flexible, foldable, and rollable OLED displays, which are known as free-form displays.
In February 2019, Samsung Mobile had officially announced its Galaxy Fold. It features dual foldable displays that can be bent with a radius of curvature as small as 1 mm, allowing the phone to fold up with the display on the inside that resembles a tablet., In March 2019, Lenevo had filed a patent for foldable designs that provides two screens on the smartphone. The company’s goal is to compete against Samsung and LG by using this design in their mobile phones., In April 2019, Universal Display Corporation launched a phosphorescent organic LED to be used in premium smartphones. This LED can be used to make a rollable and flexible smartphone. and In February 2019, Huawei had announced its first foldable smartphone, the Mate X. The Mate X is about 11 mm thick when folded, and its display is on the outside, meaning that the bending radius of the display is roughly 5 mm.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Foldable Display, Suppliers and Distributors of Foldable Display, Venture Capitalists and Private Equity Firms and End-Use Industry
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