Transparency Market Research (TMR) has published a fresh forecast for the global flexible display market: various types of panels are taken into consideration – folding, bending, curling, etc.
It is estimated that last year the volume of this industry in monetary terms amounted to $14.9 billion. In the coming years – up to 2031 – a CAGR (compound annual growth rate) of about 33.1% is predicted. As a result, by the end of the period under review, the volume of the global market for flexible displays will reach $242.6 billion.
The Asia-Pacific region is now one of the top consumers of flexible displays, accounting for about 34% of all sales last year, according to the study.
Smartphones, various wearable devices, next-generation TVs, automotive electronics, computers, billboards and signs are among the key applications for such screens.
Analysts note that there is currently a rapid development in the segment of flexible displays made on organic light emitting diodes (OLED). In the coming years, the automotive industry will remain one of the main market drivers.
If you notice an error, select it with the mouse and press CTRL + ENTER.