Foldable Display Market Size was valued at USD 0.81 Billion in 2023. The Foldable Display market industry is projected to grow from USD 1.31 Billion in 2024 to USD 38.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 52.51% during the forecast period (2024 - 2032). Technological advancements, enhanced user experience, growing demand for larger screens, differentiation and innovation, increased productivity, improving durability, expansion of ecosystem and app support, declining costs, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market for foldable displays is expanding as a result of improved user experience. Foldable displays provide distinctive and appealing benefits that enhance user experience, draw customers, and increase market demand. The portability and screen size combination of foldable screens is one of the primary features of the improved user experience they offer. Traditional smartphones are portable and convenient for use when traveling, but their small screens can be restrictive when it comes to work, gaming, or content consumption duties. Tablets, however, are less portable and have larger displays for a more immersive experience.
Foldable displays fill this gap by giving people the best of both worlds by having a small folded form factor that is simple to carry into pockets or bags and a bigger screen size when unfolded. Customers that value convenience and screen space will appreciate the option to expand the display on a small smartphone-like device to provide a tablet-like experience. With a larger and more immersive display, users can, for instance, browse websites, read e-books, watch videos, or play mobile games. Due to their adaptability, users are able to engage with their material more effectively and have a richer media experience.
The seamless continuity provided by foldable displays is another element that adds to the improved user experience. When switching from one program or job to another, traditional smartphones and tablets often have discrete screens with visible bezels, interrupting the flow of content. Foldable screens, on the other hand, offer a continuous and uninterrupted viewing experience. Users may multitask on a single large screen or switch between multiple programs without any interruptions, increasing workflow effectiveness and overall user pleasure. Additionally, foldable displays give people freedom in how they engage with their gadgets.
The bigger screen size enables more precise stylus input, more comfortable typing, and improved visibility when creating or editing content. Users can use the larger screen space to open more programs simultaneously, strengthening multitasking abilities and increasing productivity. Professionals, content creators, and business users who require productive work environments on the go would especially benefit from this. Thus, driving the Foldable Display market revenue.
The Foldable Display Market segmentation, based on Display Type includes OLED, LCD, EPD, Other. The OLED segment dominated the market, accounting for 35.4% of market revenue. OLED is a new display technology that is being used more and more in mobile devices. In comparison to earlier LEDs and LCDs, OLEDs—the display industry's newest generation technology—offer higher performance and improved optical qualities. Furthermore, these flexible OLED screens are being used more frequently by smartphone producers like Samsung, Motorola, and LG.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Foldable Display Market segmentation, based on Application, includes Smartphones and Tablets, Smart Wearables, Televisions and Digital Signage Systems, Personal Computers and Laptops, Other. The segment that brought in the most money was smartphones and tablets. This is due to the top smartphone manufacturers' increased technology innovation and deployment initiatives worldwide. Due to significant investments and rapid technology breakthroughs, folding phones are anticipated to become economically viable in the coming years.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Foldable Display Market dominated this market in 2022 (45.80%). The aerospace industry's substantial use of flexible displays has proven to be a market-driving factor. Further, the U.S. Foldable Display market held the largest market share, and the Canada Foldable Display market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Foldable Display market accounts for the second-largest market share. This is a result of the sector's rapidly expanding automotive industries. Further, the German Foldable Display market held the largest market share, and the UK Foldable Display market was the fastest growing market in the European region
The Asia-Pacific Foldable Display Market is expected to grow at the fastest CAGR from 2023 to 2032. Particularly in the consumer electronics sector, the Asia-Pacific region is emerging as a leader in the development of flexible displays. East Asian nations like China, Taiwan, Japan, South Korea, and Singapore all share a steady growth that is primarily attributed to flexible displays. Moreover, China’s Foldable Display market held the largest market share, and the Indian Foldable Display market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Foldable Display market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Foldable Display industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Foldable Display industry to benefit clients and increase the market sector. In recent years, the Foldable Display industry has offered some of the most significant advantages to medicine. Major players in the Foldable Display market, including Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd (South Korea), BOE Technology Group Co. (China), Applied Materials, Inc. (US), Royole Corporation (China), Semiconductor Energy Laboratory Co., Ltd (Japan), Tianma Microelectronics Co., Ltd (China), C3Nano, Inc. (US), Altenergy Power System, Inc. (US), and Visionox Technology Inc. (US), 3M Company (US), Apple Inc. (US), Ares Materials, Inc. (US), AGC Inc. (Japan), DuPont (US), FUJIFILM Holdings Corporation (Japan), Huawei Technologies Co. Ltd (China), Kaneka Corporation (Japan), Kateeva, Inc. (US), Konica Minolta, Inc. (Japan), LG Chem Ltd (South Korea), Light Polymers Inc. (US), Microsoft Corporation (US), Zeon Corp (Japan), Nissha Co Ltd (Japan), Nitto Denko Corporation (Japan), Schott NYC (US), SKC Kolon PI Inc. (South Korea), Solip Tech Co., Ltd (South Korea), Sumitomo Chemical Co., Ltd (Japan), and Tosoh Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.
Atkins Nutritionals, Inc. was established by Robert Atkins to market packaged low-carbohydrate meals for the Atkins diet. It now belongs to The Simply Good Foods Company as a subsidiary. The company sells low-carbohydrate bars, smoothies, and snacks. When Complementary Formulations was founded in 1989, it became Atkins Nutritionals, Inc. The business changed its name to Atkins Nutritionals in 1998. It was developed to improve the Atkins eating plan. After reading a study in the Journal of the American Medical Association, Atkins came up with the strategy. The article "Weight Reduction," written by Alfred W. Pennington, was published in 1958. Atkins used the study's findings to aid in his own weight loss. Atkins and CHEF'D inked a partnership agreement in May 2019. Our team's goal was to provide a low-carb lunch option for consumers who were worried about their lifestyle and health.
The Brunswick Corporation, formerly the Brunswick-Balke-Collender Company, is an American company that was established in 1845 and has been developing, producing, and marketing a variety of goods ever since. In 24 countries, Brunswick presently has over 13,000 employees. Sea Ray, Boston Whaler, Bayliner, Mercury Marine, Attwood, Lund, Crestliner, Mastervolt, MotorGuide, Harris Pontoons, Freedom Boat Club, Princecraft, Heyday, Lowe, Uttern, Quicksilver, and CZone are just a few of the several watercraft brands owned by Brunswick. A collaboration agreement was signed in June 2019 between the BRUNSWICK Company and VIR zoom to introduce the VIR zoom solution. If all went according to plan, this partnership was supposed to turn Life Fitness' se3 explore bikes into a virtual reality experience.
Samsung Electronics Co., Ltd (South Korea)
LG Display Co., Ltd (South Korea)
BOE Technology Group Co. (China)
Applied Materials, Inc. (US)
Royole Corporation (China)
Semiconductor Energy Laboratory Co., Ltd (Japan)
Tianma Microelectronics Co., Ltd (China)
C3Nano, Inc. (US)
Altenergy Power System, Inc. (US)
Visionox Technology Inc. (US)
3M Company (US)
Apple Inc. (US)
Ares Materials, Inc. (US)
AGC Inc. (Japan)
DuPont (US)
FUJIFILM Holdings Corporation (Japan)
Huawei Technologies Co. Ltd (China)
Kaneka Corporation (Japan)
Kateeva, Inc. (US)
Konica Minolta, Inc. (Japan)
LG Chem Ltd (South Korea)
Light Polymers Inc. (US)
Microsoft Corporation (US)
Zeon Corp (Japan), Nissha Co Ltd (Japan)
Nitto Denko Corporation (Japan), Schott NYC (US)
SKC Kolon PI Inc. (South Korea)
Solip Tech Co., Ltd (South Korea)
Sumitomo Chemical Co., Ltd (Japan)
Tosoh Corporation (Japan)
May 2022: In 2022, the Society for Information Display (SID) will be hosted in San Jose, California, US, and LG Display will showcase its next-generation OLED technologies there. The firm highlighted the development and adaptability of OLED technology by launching cutting-edge OLED products, spanning from its next-generation OLED.EX to bending and foldable OLED panels, with the purpose of securing its OLED positioning in the market.
March 2022: The creation of a flexible, high-brightness display by Stanford chemical engineers may completely alter how people interact with gadgets.
OLED
LCD
EPD (Electronic Paper Display)
Other
Smartphones and Tablets
Smart Wearables
Televisions and Digital Signage Systems
Personal Computers and Laptops
Other
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 0.81 Billion |
| Market Size 2024 | USD 1.31 Billion |
| Market Size 2032 | USD 38.4 Billion |
| Compound Annual Growth Rate (CAGR) | 52.51% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Display Type, application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd (South Korea), BOE Technology Group Co. (China), Applied Materials, Inc. (US), Royole Corporation (China), Semiconductor Energy Laboratory Co., Ltd (Japan), Tianma Microelectronics Co., Ltd (China), C3Nano, Inc. (US), Altenergy Power System, Inc. (US), and Visionox Technology Inc. (US), 3M Company (US), Apple Inc. (US), Ares Materials, Inc. (US), AGC Inc. (Japan), DuPont (US), FUJIFILM Holdings Corporation (Japan), Huawei Technologies Co. Ltd (China), Kaneka Corporation (Japan), Kateeva, Inc. (US), Konica Minolta, Inc. (Japan), LG Chem Ltd (South Korea), Light Polymers Inc. (US), Microsoft Corporation (US), Zeon Corp (Japan), Nissha Co Ltd (Japan), Nitto Denko Corporation (Japan), Schott NYC (US), SKC Kolon PI Inc. (South Korea), Solip Tech Co., Ltd (South Korea), Sumitomo Chemical Co., Ltd (Japan), and Tosoh Corporation (Japan). |
| Key Market Opportunities | Technological Advancements |
| Key Market Dynamics | Enhanced User Experience |
Foldable Display Market Highlights:
Frequently Asked Questions (FAQ) :
The Foldable Display Market size was valued at USD 0.81 Billion in 2023.
The global market is projected to grow at a CAGR of 52.51% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd (South Korea), BOE Technology Group Co. (China), Applied Materials, Inc. (US), Royole Corporation (China), Semiconductor Energy Laboratory Co., Ltd (Japan), Tianma Microelectronics Co., Ltd (China), C3Nano, Inc. (US), Altenergy Power System, Inc. (US), and Visionox Technology Inc. (US), 3M Company (US), Apple Inc. (US).
The OLED category dominated the market in 2022.
The Smartphones and Tablets had the largest share in the global market.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
