The global foldable display market is forecast to reach USD 8,772.3 Million by 2028, according to a new report by Reports and Data. The growing demand for consumer electronics, especially smartphones and tablets will influence the growth of the market. The increasing investments and developments in the electronics and semiconductors industries have led to the innovation of some of the most trending technologies, such as OLED, AMOLED, and E-Papers, which are being used in the manufacturing of these devices.

Foldable devices afford a large display in a smaller form factor than a tablet, which can be ideal for a more immersive experience while playing games, watching videos, and reading books & articles. The demand for these devices is attributed to its portability. A prominent display also allows for more flexible multi-tasking. For instance, Samsung demonstrated how to use WhatsApp, watch a YouTube video, and look up flight tickets in three separate windows. Android has supported this technology for a while now. It comes in a lot handier on a wide tablet-sized screen than a standard smartphone. As these devices are bigger and thicker than traditional devices, the manufacturers can use more hardware components into them.

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Key participants include LG Display Co., Ltd, Samsung Electronics Co., Ltd, Royole Corporation, Semiconductor Energy Laboratory Co., Ltd, Applied Materials, Inc., C3Nano, Inc., Altenergy Power System, Inc., Tianma Microelectronics Co., Ltd, Xiaomi Corporation, BOE Technology Group Co., and Visionox Technology Inc, among others.

For this report, Reports and Data have segmented into the global Foldable Display market on the basis of technology, End Use, industry vertical, and region:

Technology Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)

• LED
• OLED
• AMOLED
• Electronic Paper Display (EPD)
• Others

End Use Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)

• Smartphone
• Tablets
• Notebook
• Television
• Wearable Display
• Others

Industry Vertical Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)

• Healthcare
• Consumer Electronics
• Retail
• BFSI
• Military & Defense
• Automotive
• Others

Regional Outlook (Volume, Thousand Units and Revenue, USD Billion; 2018-2028)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• MEA
• Latin America
  • Brazil

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Further key findings from the report suggest

• Among the end-users, smartphones accounted for the largest market share of ~24% in the year 2018, closely followed by tablets. The biggest potential advantage of foldable smartphones is its thin, light, unbreakable larger display. Foldable smartphones feature a larger screen, which can enhance productivity by allowing the users to multitask. Royole Technology was the first organization to launch a foldable smartphone named FlexPai in October 2018 in Beijing.
• Television is forecast to witness the highest CAGR of 61.8% during the forecast period, owing to the rapid investments and developments in the consumer electronics market. LG Signature OLED TV R is the first rollable OLED TV in the world, announced in the year 2019. The TV can roll up into its base and has three viewing choices – full view, line view, and zero views, in which the display is entirely in the base.
• The Asia Pacific region held the largest market share of ~30% in the year 2018 and is expected to dominate the market throughout the forecast period. Technological advancements and continuous developments in OLED technology are creating numerous opportunities for the growth of the market in the region. Rapid developments in the consumer electronics industry in the region, especially in China and Japan, will be a major driver. The presence of some of the major players such as Samsung, Xiomi Corporation, LG, and others, and their innovations will also influence the market growth in the coming years.

Uses of this Report:

• This report gives an up-to-date view of the Global Foldable Display Market
• Gives forecast with current market regulations put on the market and how it will affect the market’s future.
• It provides a six-year forecast based on how the market is expected to grow.
• It helps in understanding the key product segments and their prospects.
• It provides a detailed analysis of changing competition dynamics and gives you a head start.
• It enables one to make better business decisions by having complete insights of market and by making meticulous findings for markets prospects.
• PESTEL analysis of the market in the five major regions.

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Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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