Flexible Screens Market is expected to reach US$ 189.5 Bn by 2032

The Global Flexible Screens Market was valued at US$ 1.9 Bn in 2021 and is expected to reach US$ 189.5 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. A new market research report by Future Market Insights on the flexible screens market includes global industry analysis 2019–2021 and an opportunity assessment 2022–2032. As per the findings of the report, AMOLED-based flexible screens will remain pivotal for the market as the bulk of revenue will be generated through this category. It is projected that AMOLED-based flexible screens will produce over US$ 150 Bn revenue during the forecast period.

6’’ – 20’’ Screen Size Flexible Display to Continue being Growth Axis for Flexible Screen Revenue

Flexible screens of size 6’’ – 20’’ are used in smartphones, tablets, and laptops, which together account for more than 99% of all flexible screen purchases. Most other types of panel dimensions are the least likely not to gain more than 1 percent during the analyzed period, as they’re applied in electronic items such as smartwatches and wearables, TVs, and e-readers. Television manufacturing is now direct and generally high-priced, whereas e-readers still remain to be commercialized.

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China to Command the Larger Proportion of Flexible Screen Supply Chain throughout the Analysis Period

Also being considered the world factory, China commands most of the revenue generated in the flexible screen supply chain. While six of the top 10 flexible screen manufacturers are based in China, it also boasts manufacturing of more than 90% of the flexible screen devices developed worldwide. Owing to the high consumption of flexible devices and close proximity to the flexible screen production base, China is expected to account for US$ 1.86 Bn in revenue by 2032.       

Flexible Screens Market: Competition Insights

Currently, flexible screen manufacturers are largely aiming at setting up manufacturing facilities, winning orders, and showcasing technology at exhibitions. The key companies operating in the flexible screen market include Samsung Display Co. Ltd., BOE Technology Group Co. Ltd., LG Display Co. Ltd., Visionox Technology, Inc., AU Optronics Corp., Tianma Microelectronics Co. Ltd., Shenzhen Royole Technologies Co. Ltd., E Ink Holdings Inc., HannStar Display Corporation, Everdisplay Optronics (Shanghai) Co. Ltd., Iljin Display Co. Ltd., Shenzhen RADIANT Technology Co. Ltd., and Osel Technology Pvt. Ltd.

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The key recent developments of flexible screens manufacturers are as follows: 

  • In April 2022, BOE announced that it will expand production lines in Western China. The production line would be fully operational by the end of 2022. The third production line in central China is for testing production. Companies nearly shipped 60 million OLED panels which are making it 2nd largest OLED manufacturer and securing 17% of the global market share. The company planned to ship 100 million OLED panel units by the end of 2022.
  • In May 2021, Samsung Display unveiled its latest OLED innovations at the SID Display Week trade show. It showed the way forward with its innovative offerings, such as Slidable, S-Foldable, and under panel cameras. Samsung Display unveiled its next-generation OLED technologies to the world’s biggest exhibit of displays, affirming its leadership within the industry. It opened a virtual exhibition booth to introduce its displays to potential customers.
  • In Jan 2021, CES 2021 showcased new products from TCL CSOT, which include a 17-inch OLED scroll print display that is 0.18 millimeters thin and a 6.7-inch AMOLED rollable display. TCL CSOT is a parent company of TCL Technology and a company that specializes in next-generation display technology. The 17-inch printed OLED scroll display for flexible, free-form displays is only 0.18 millimeters thin, a significant breakthrough for this kind of technology. It is highly scrollable and portable, and easily fits anywhere like a scrolling picture.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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