Published Date : Sep 03, 2018
Albany, New York, Sept 3, 2018: A recent study forecasts exponential rise for the global flexible OLED display market in the coming years. Increasing research and development activities by companies aiming for a competitive advantage will augur well for the global market. A report, titled “Flexible OLED Display Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026,” offers an in-depth reports of the market, covering the factors enabling growth. The report also contains valuable information on the key market threats. Currently available for sale on MarketResearchReports.biz, the report is intended at enabling the stakeholders understand the prevailing dynamics in the global flexible OLED display market better.
The global flexible OLED display market has an oligopolistic vendor landscape, with a few leading companies exhibiting stronghold. According to the report, AU Optronics, LG, Samsung Display, EverDisplay Optronics (EDO), RiTdisplay, Japan Display, CSOT, BOE Technology and Visionox are some of the most prominent names in the market. To provide a holistic overview, the report segments the global flexible OLED display market based on various parameters. For instance, in terms of control scheme, the report has bifurcated the market into PMOLED and AMOLED segments. Of these, the latter segment is likely to witness higher demand in the coming years.
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Regionally, the global flexible OLED display market can be segmented into Europe, North America, Asia Pacific except Japan, Latin America, Japan, and the Middle East and Africa. Among these regions, Asia Pacific excluding Japan emerged dominant and is likely to retain its lead through the course of the forecast period. The rising demand for flexible OLED display in India, China, and Vietnam will support the market’s expansion in Asia Pacific excluding Japan.
OLED displays are made using advanced technology, which enables them offer robust features compared to their conventional counterparts. An OLED display can be folded, bend, or rolled, which is one of the key factors enabling the market gain traction amidst intense competition. Besides this, OLED display consumes lesser electricity than LCDs, which is the key reason spurring its popularity among the middle-income group. In addition, the rising use of OLED technology in smartphones, tablets, televisions, and other wearable devices will create lucrative prospects for the market’s growth over the forecast period.
Given the scenario, the rising demand for curved displays has made OLED displays a favorite among tech-savvy consumers. In the coming years, therefore, the market is likely to witness rising opportunities with the increasing disposable income of consumers. Also the flexible OLED display market will significantly gain from the increasing demand for 4K television sets in India, China, Brazil, and other emerging nations. Furthermore, the demand for bigger dimension in television will create growth opportunities for the market. On the downside, the expensive cost of production of flexible OLED displays poses entry level barriers, which may hinder the market’s growth to an extent.
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