Flexible Oled Market Size, Share, Industry Trends and Forecast to 2030

1. What is the Market Size & CAGR of Flexible OLED market in 2021?

The global flexible OLED market size in 2021 was valued at USD 7.2 billion, with a Compound Annual Growth Rate (CAGR) of 14.5%.

2. COVID-19 Impact on the Flexible OLED Market

The COVID-19 pandemic had a significant impact on the flexible OLED market. Due to lockdowns and disruptions in the supply chain, the market experienced a temporary slowdown in 2020. However, with the gradual reopening of economies and increased demand for flexible displays in various industries, the market has shown resilience and is expected to bounce back in the coming years.

3. Flexible OLED Dynamics

Flexible OLEDs are thin, light-emitting diodes that are capable of bending and folding without losing functionality. They are used in various applications such as smartphones, tablets, wearables, and automotive displays. The increasing adoption of flexible OLED technology due to its energy efficiency, high resolution, and design flexibility is driving the market growth. In addition, advancements in manufacturing processes and materials have further accelerated the adoption of flexible OLEDs in the consumer electronics and automotive industries.

4. Segments and Related Analysis

The flexible OLED market is segmented based on application, type, and end-user industry. By application, the market is divided into smartphones, tablets, smartwatches, TVs, and others. By type, it is categorized into transparent, top-emitting, foldable, and others. By end-user industry, the market is segmented into consumer electronics, automotive, healthcare, and others. The growth of the market segments is driven by the increasing demand for flexible displays in various industries and the continuous technological advancements in OLED technology.

5. By Region Analysis

The global flexible OLED market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the market in terms of revenue due to the presence of key players and the early adoption of flexible OLED technology in the region. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing demand for consumer electronics and automotive displays in countries like China, Japan, and South Korea.

6. Key Market Players and Competitive Landscape

Key players in the flexible OLED market include Samsung Display, LG Display, BOE Technology Group, Universal Display Corporation, and others. These companies are focusing on research and development activities to enhance their product offerings and gain a competitive edge in the market. Strategic partnerships, mergers and acquisitions, and product launches are some of the key strategies adopted by players to strengthen their market position.

7. Recent Happenings in the Flexible OLED Market

In recent developments, Samsung Display announced the launch of a new lineup of flexible OLED displays with improved resolution and brightness. LG Display introduced a bendable OLED panel for automotive applications, catering to the growing demand for flexible displays in the automotive industry. These advancements indicate the continuous innovation and growth opportunities in the flexible OLED market.