PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577320
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577320
Foldable Display Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global Foldable Display Market was valued at USD 5.76 billion in 2023 and is projected to register a CAGR of over 24% from 2024 to 2032. Rapid technological advancements are driving the market, with innovations in materials and manufacturing processes leading to more durable and flexible displays. Companies are heavily investing in R&D to enhance foldable screens' quality and performance. Enhanced foldable displays now offer better resolution, brightness, and touch sensitivity, attracting consumers and businesses. For instance, in January 2023, Samsung Electronics showcased its Flex Hybrid display at CES 2023, combining foldable and slidable technologies. The rise of mobile and wearable technology is propelling the foldable display market. Foldable displays are increasingly integrated into smartphones, tablets, and wearables, enhancing functionality and user experience. For example, in August 2024, Google launched its Pixel 9 Pro Fold, its first foldable phone in India.
The overall foldable display industry is classified based on the type, technology, display size, application, end use , and region.
The market is segmented by technology into micro-LED, AMOLED, OLED, and others. In 2023, OLED dominated with over 50% of the market revenue. OLED displays are known for high contrast ratios, superior color accuracy, and deep blacks, enhancing the visual quality of foldable devices. The flexible nature of OLED technology makes it ideal for foldable displays. Additionally, OLED panels are thinner and lighter, contributing to sleek and portable designs.
Application-wise, the market includes automotive displays, televisions, laptops, smartphones, tablets, digital signage, and more. Smartphones were the fastest-growing segment, with a CAGR exceeding 25% during the forecast period. Foldable smartphones offer a compact phone and a larger tablet screen, appealing to tech-savvy consumers and early adopters. Continuous innovations and cost reductions in foldable display technology are making foldable smartphones more accessible, driving market growth.
In 2023, the Asia Pacific region held the largest share of over 49%, and it is expected to maintain its dominance. The region is home to leading technology manufacturers like Samsung, Xiaomi, and Huawei, which have been at the forefront of foldable display technology. These companies have leveraged their manufacturing capabilities and technological expertise to introduce a range of foldable devices, boosting the market share in the Asia Pacific. A robust electronics supply chain and favorable government policies further support growth in this market.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Base estimates and calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Technology and innovation landscape
- 3.4 Patent analysis
- 3.5 Key news and initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Advancements in display technologies
- 3.7.1.2 Consumer demand for innovative devices
- 3.7.1.3 Rising adoption in mobile devices
- 3.7.1.4 Growth in the wearable technology sector
- 3.7.1.5 Significant funding and research
- 3.7.2 Industry pitfalls and challenges
- 3.7.2.1 The complex manufacturing process
- 3.7.2.2 Limited durability
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032 (USD Million and Units)
- 5.1 Key trends
- 5.2 Rollable display
- 5.3 Bendable display
- 5.4 Curved display
Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Million and Units)
- 6.1 Key trends
- 6.2 OLED
- 6.3 AMOLED
- 6.4 Micro-LED
- 6.5 Others
Chapter 7 Market Estimates and Forecast, By Display Size, 2021 - 2032 (USD Million and Units)
- 7.1 Key trends
- 7.2 Up to 8 Inch
- 7.3 8-20 Inch
- 7.4 Above 20 Inch
Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million and Units)
- 8.1 Key trends
- 8.2 Smartphones
- 8.3 Laptops and tablets
- 8.4 Televisions
- 8.5 Digital signage
- 8.6 Automotive display
- 8.7 Others
Chapter 9 Market Estimates and Forecast, By End-Use Industry, 2021 - 2032 (USD Million and Units)
- 9.1 Key trends
- 9.2 Consumer electronics
- 9.3 Automotive
- 9.4 Healthcare
- 9.5 Industrial
- 9.6 Aerospace and defense
- 9.7 Retail
- 9.8 Media and entertainment
- 9.9 Others
Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million and Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 AUO Corporation
- 11.2 BOE Technology Group Co., Ltd.
- 11.3 FlexEnable Technology Limited
- 11.4 Innolux Corporation
- 11.5 LG Display Co., Ltd.
- 11.6 Royole Corporation
- 11.7 Samsung Electronics Co., Ltd.
- 11.8 Schott AG
- 11.9 Sharp Corporation
- 11.10 TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT)
- 11.11 Tianma Microelectronics Co., Ltd.
- 11.12 Visionox Technology, Inc.
- 11.13 Microtips Technology
- 11.14 FlexEnable Technology Limited
- 11.15 Japan Display Inc.
- 11.16 Barco
- 11.17 PixelFLEX
- 11.18 AmitojeIndia
- 11.19 Royole Corporation
- 11.20 SNA Displays
