PUBLISHER: The Business Research Company | PRODUCT CODE: 1546496
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546496
A glass flexible display combines the durability and transparency of glass with the flexibility of plastic, making it ideal for modern smartphones, tablets, and various electronic devices that benefit from innovative and adaptable designs.
Key components of a glass flexible display include organic materials, substrates, conductive layers, backlight panels, and other essential elements. Organic materials are carbon-based compounds derived from living organisms, encompassing both plant and animal sources. These displays come in various types such as bendable, rollable, and foldable, manufactured using diverse technologies such as flexible flat panel displays, flexible plasma displays, and photographic techniques. They find application across multiple sectors including smartphones, tablets, smartwatches, wearables, televisions, digital signage systems, PC monitors, laptops, e-readers, electronic shelf labels (ESLs), vehicles, public transportation, and smart home appliances. Industries benefiting from these displays span automotive, aerospace, retail, transportation, government, utilities, and more.
The glass flexible display market research report is one of a series of new reports from The Business Research Company that provides glass flexible display market statistics, including glass flexible display industry global market size, regional shares, competitors with a glass flexible display market share, detailed glass flexible display market segments, market trends and opportunities, and any further data you may need to thrive in the glass flexible display industry. This glass flexible display market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The glass flexible display market size has grown strongly in recent years. It will grow from $19.55 billion in 2023 to $21.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth observed in the historic period can be linked to several factors, including the rising usage of televisions, laptops, PCs, and tablets, an increased focus by automotive manufacturers on integrating innovation, growing demand for advanced consumer electronics, increasing need for affordable flexible materials, and expanding applications of flexible displays.
The glass flexible display market size is expected to see strong growth in the next few years. It will grow to $30.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. Anticipated growth in the forecast period is attributed to the automotive industry's expansion, heightened demand for higher picture quality, increased awareness and regulatory pressures concerning environmental sustainability, rising popularity of wearable devices, and automotive manufacturers' enhanced focus on innovation integration. Key trends expected in the forecast period encompass advancements in display and material technologies, a burgeoning market for wearable technology, greater adoption of foldable and rollable devices, and an amplified emphasis on sustainability.
The rise in consumer electronics demand is set to boost the glass flexible display market in the future. Consumer electronics are devices designed for personal use by end-users, driven by factors such as increasing disposable incomes, evolving consumer lifestyles, urbanization, and the growth of e-commerce. Glass flexible displays are pivotal in creating advanced products such as foldable smartphones, rollable tablets, and curved televisions. For example, in May 2023, Japan Electronics and Information Technology Industries Association reported a total electronic equipment production of $4919 million (¥771,457 million) in Japan. Consumer electronics production specifically amounted to $204.67 million (¥32,099 million) in May 2023, up from $161.12 million (¥25,268 million) in May 2022. This upward trend in consumer electronics demand is driving growth in the glass flexible display market.
Leading companies in the glass flexible display market are focusing on inkjet printing technology to enhance display quality, improve production efficiency, and create vibrant, high-resolution screens that are both flexible and durable. Inkjet printing involves precision deposition of materials onto substrates. For instance, TCL CSOT, a Chinese display technology firm, introduced a 17-inch Printed OLED Scrolling Display and a 6.7-inch AMOLED Rollable Display in January 2021. The 17-inch model, only 0.18mm thin, utilizes advanced inkjet printing to achieve a full-color gamut with OLED RGB self-luminous devices, eliminating the need for fine metal masks. This technology supports flexible, curved, foldable, and transparent display applications. The 6.7-inch rollable AMOLED display expands to 7.8 inches, transforming smartphones into tablets with ease, and features a sleek design under 10mm thick, enhancing versatility and user experience.
In May 2024, Vedanta, a company based in India focusing on natural resources, completed the acquisition of AvanStrate for an undisclosed sum. This acquisition reinforces Vedanta's standing within the global display value chain and supports its strategic direction towards technology and expansion into advanced manufacturing sectors. AvanStrate, headquartered in Japan, specializes in the production of glass substrates primarily used in electronic devices and flexible displays.
Major companies operating in the glass flexible display market are Samsung Electronics Co. Ltd., Sony Corporation, BOE Technology Group Co. Ltd, Koninklijke Philips N.V. (Royal Philips), LG Display Co. Ltd., Sharp Corporation, Delta Electronics Inc., Corning Incorporated, DuPont de Nemours Inc., Innolux Corporation, AU Optronics Corp., Materion Corporation, Japan Display Inc., E Ink Holdings Inc., Kateeva Inc., Royole Corporation, Novaled GmbH, NanoLumens Inc., FlexEnable Limited, Plastic Logic Limited, Visionox Company Ltd., Microtips Technology LLC
Asia-Pacific was the largest region in the glass flexible display market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the glass flexible display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the glass flexible display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The glass flexible display market consists of sales of design and engineering services, flexible smartphones, and automotive displays. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Glass Flexible Display Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on glass flexible display market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for glass flexible display ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The glass flexible display market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.