Foldable Display Market Research Report - Global Forecast till 2027

Global Foldable Display Market Research Report by Type (LED, OLED, AMOLED), by Application (Smartphone Display, Tablets and Notebook, Television, Wearable Display), & by Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2027

ID: MRFR/SEM/6206-HCR | February 2021 | Region: Bric | 100 pages

Please note that the assessment period of report has been updated from 2018-2024 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


The global foldable display market was valued at USD 91 million in 2017 and is expected to reach USD 1, 549.4 million by the end of the forecast period at a CAGR of 62%.


A foldable display is an electronic display with high flexibility than traditional flat-surface displays. Foldable displays are based on a flexible display technology that can be rolled-up, twisted, and folded like a paper as per their specific use. A flexible display is an emerging technology, and foldable displays are expected to revolutionize the semiconductor and electronics industry in the near future. This is due to a high demand for flexible displays from smartphone manufacturers, and rapid advancements in OLED and AMOLED technologies. There are various foldable displays in the market developed by companies such as LG Display, Samsung Electronics, Huawei, and Visionox with different specifications on thickness, pixel density, and material used. Polyimide, a polymer, is generally used in flexible displays due to its robustness and its close characteristics to glass material. Most of the smartphone manufacturers prefer thinner displays for high heat resistance and higher flexibility.


Key Developments



  • In March 2019, Lenovo filed a patent for foldable designs, that provides two screens on the mobile phone. The company aims at competing against Samsung and LG to use this design in their upcoming smartphones.

  • In April 2019, Universal Display Corporation developed a phosphorescent organic LED to be used in premium smartphones. The phosphorescent organic LED can be used for smartphones with rollable and flexible smartphone and tablet models.

  • April 2017, ZTE corporation launched Axon M smartphone. The device includes two separate screens which act as separate displays on both sides of the smartphone yet can merge to make a single screen using software modifications. The company focuses on continuous development of its smartphone business segment to compete with the market leaders.


Segmentation


The global foldable display market has been segmented based on type, application, and region.


By type, the foldable display market has been segmented into LED, OLED, and AMOLED.


By application, the foldable display market has been segmented into smartphone display, tablets and notebook, television, and wearable display.


By region, the foldable display market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


The global market for foldable display is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographic analysis of the foldable display market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).


Among the aforementioned regions, Asia-Pacific accounts for the highest market share owing to high number of displays manufactured in the region, units shipments, and the thriving consumer electronics market in Asia-Pacific. The Asian market witnesses a significant presence of display manufacturers such as LG Displays, and Samsung Electronics. Moreover, the increased smartphone ownership and high demand for new and advanced smartphones displays help boost the foldable display market in Asia. China, South Korea, and Taiwan are among the leading countries wthe ith highest manufacturing and exports of display units. On the other hand, North America accounts for the second spot in the market due to the rising applications of flexible displays in smartphones and television displays.


Global Foldable Display Market, USD Billion Foldable Display Market


 Source: MRFR Analysis


Competitive landscape


The companies operating in foldable display market primarily adopt organic growth strategies, under which they focus on  investing highly in research and development for the launch of new products. They also follow inorganic strategies such as expansion, agreements, and partnerships to increase their presence in the global market. However, the new entrants in the market pose a major threat for the existing players in the foldable display market.


Key Players


The key players in the foldable display market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd (South Korea), BOE Technology Group Co. (China), Applied Materials, Inc. (US), Royole Corporation (China), Semiconductor Energy Laboratory Co., Ltd (Japan), Tianma Microelectronics Co., Ltd (China), C3Nano, Inc. (US), Altenergy Power System, Inc. (US), and Visionox Technology Inc. (US). These players contribute significantly to market growth.


Apart from the top key players, the other players contribute nearly 35%–40% in the foldable display market. These are 3M Company (US), Apple Inc. (US), Ares Materials, Inc. (US), AGC Inc. (Japan), DuPont (US), FUJIFILM Holdings Corporation (Japan), Huawei Technologies Co. Ltd (China), Kaneka Corporation (Japan), Kateeva, Inc. (US), Konica Minolta, Inc. (Japan), LG Chem Ltd (South Korea), Light Polymers Inc. (US), Microsoft Corporation (US), Zeon Corp (Japan), Nissha Co Ltd (Japan), Nitto Denko Corporation (Japan), Schott NYC (US), SKC Kolon PI Inc. (South Korea), Solip Tech Co., Ltd (South Korea), Sumitomo Chemical Co., Ltd (Japan), and Tosoh Corporation (Japan).


Intended Audience



  • System Integrators

  • OEMs/ODMs

  • Display Manufacturers

  • Electronic Component Manufacturers

  • Polymer Material Providers

  • Resellers and Distributors

  • Consultancy and advisory firms

  • Consulting Firms

  • Research Institutes and Organizations

  • Technology Standards Organizations



Frequently Asked Questions (FAQ) :


The global foldable display market is predicted to grow at a 62% CAGR between 2017- 2023.

The global foldable display market is predicted to reach USD 1,549.4 million by 2023.

Asia Pacific will lead the global foldable display market.

Increasing use in smartphones and projectors are the key factors driving the global foldable display market growth.

Key contenders profiled in the global foldable display market include Samsung Electronics Co., Ltd (South Korea), LG Display Co., Ltd (South Korea), BOE Technology Group Co. (China), Applied Materials, Inc. (US), Royole Corporation (China), Semiconductor Energy Laboratory Co., Ltd (Japan), Tianma Microelectronics Co., Ltd (China), C3Nano, Inc. (US), Altenergy Power System, Inc. (US), and Visionox Technology Inc. (US).

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Rivalry

4.1.5 Bargaining Power of Suppliers

4.2 Value Chain/Supply Chain of Foldable Display

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis


7 Foldable Display Market, by Type

7.1 Introduction

7.2 LED

7.2.1 Market Estimates & Forecast, 2020–2027

7.3 OLED

7.3.1 Market Estimates & Forecast, 2020–2027

7.4 AMOLED

7.4.1 Market Estimates & Forecast, 2020–2027

8 Foldable Display Market, by Application

8.1 Introduction

8.2 Smartphone Display

8.2.1 Market Estimates & Forecast, 2020–2027

8.3 Tablets and Notebook

8.3.1 Market Estimates & Forecast, 2020–2027

8.4 Televisions

8.4.1 Market Estimates & Forecast, 2020–2027

8.5 Wearable Display

8.5.1 Market Estimates & Forecast, 2020–2027

9 Foldable Display Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, by Country, 2020–2027

9.2.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 Mexico

9.2.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, by Country, 2020–2027

9.3.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.5 France

9.3.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, by Type, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, by Country, 2020–2027

9.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Rest of Asia-Pacific

9.4.7.1 Market Estimates & Forecast, by Type, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Application, 2020–2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, by Country, 2020–2027

9.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.4 Middle East & Africa

9.5.4.1 Market Estimates & Forecast, by Type, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 Latin America

9.5.5.1 Market Estimates & Forecast, by Type, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Application, 2020–2027

10 Competitive Landscape

11 Company Profiles

11.1 Samsung Electronics Co., Ltd (South Korea)

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 LG Display Co., Ltd (South Korea)

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategies

11.3 BOE Technology Group Co. (China)

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 Applied Materials, Inc. (US)

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 Royole Corporation (China)

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

11.6 Semiconductor Energy Laboratory Co., Ltd (Japan)

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategies

11.7 Tianma Microelectronics Co., Ltd (China)

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategies

11.8 C3Nano, Inc. (US)

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategies

11.9 Altenergy Power System, Inc. (US)

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategies

11.10 Visionox Technology Inc. (US)

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategies

12 Conclusion

LIST OF TABLES

Table 1 Global Foldable Display Market, by Type, 2020–2027

Table 2 Global Foldable Display Market, by Application, 2020–2027

Table 3 Global Foldable Display Market, by Region, 2020–2027

Table 4 North America: Foldable Display Market, by Country, 2020–2027

Table 5 North America Foldable Display, Market, by Type, 2020–2027

Table 6 North America Foldable Display, Market, by Application, 2020–2027

Table 7 US Foldable Display, Market, by Type, 2020–2027

Table 8 US Foldable Display Market, by Application, 2020–2027

Table 9 Canada Foldable Display, Market, by Type, 2020–2027

Table 10 Canada Foldable Display, Market, by Application, 2020–2027

Table 11 Mexico Foldable Display, Market, by Type, 2020–2027

Table 12 Mexico Foldable Display, Market, by Application, 2020–2027

Table 13 Europe Foldable Display Market, by Country, 2020–2027

Table 14 Europe Foldable Display Market, by Type, 2020–2027

Table 15 Europe Foldable Display Market, by Application, 2020–2027

Table 16 Germany Foldable Display Market, by Type, 2020–2027

Table 17 Germany Foldable Display Market, by Application, 2020–2027

Table 18 France Foldable Display Market, by Type, 2020–2027

Table 19 France Foldable Display Market, by Application, 2020–2027

Table 20 UK Foldable Display Market, by Type, 2020–2027

Table 21 UK Foldable Display Market, by Application, 2020–2027

Table 22 Spain Foldable Display Market, by Type, 2020–2027

Table 23 Spain Foldable Display Market, by Application, 2020–2027

Table 24 Italy Foldable Display Market, by Type, 2020–2027

Table 25 Italy Foldable Display Market, by Application, 2020–2027

Table 26 Asia-Pacific Foldable Display Market, by Country, 2020–2027

Table 27 Asia-Pacific Foldable Display Market, by Type, 2020–2027

Table 28 Asia-Pacific Foldable Display Market, by Application, 2020–2027

Table 29 China Foldable Display Market, by Type, 2020–2027

Table 30 China Foldable Display Market, by Application, 2020–2027

Table 31 Japan Foldable Display Market, by Type, 2020–2027

Table 32 Japan Foldable Display Market, by Application, 2020–2027

Table 33 India Foldable Display Market, by Type, 2020–2027

Table 34 India Foldable Display Market, by Application, 2020–2027

Table 35 Rest of Asia-Pacific Foldable Display Market, by Type, 2020–2027

Table 36 Rest of Asia-Pacific Foldable Display Market, by Application, 2020–2027

Table 37 Rest of the World Foldable Display Market, by Country, 2020–2027

Table 38 Rest of the World Foldable Display Market, by Type, 2020–2027

Table 39 Rest of the World Foldable Display Market, by Application, 2020–2027


LIST OF FIGURES

FIGURE 1 Global Foldable Display Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Foldable Display Market

FIGURE 4 Value Chain of Global Foldable Display Market

FIGURE 5 Share of Global Foldable Display Market in 2020, by Country (in %)

FIGURE 6 Global Foldable Display Market, 2020–2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Foldable Display Market Size, by Type, 2020

FIGURE 9 Share of Global Foldable Display Market, by Type, 2020 to 2027

FIGURE 10 Sub-Segments of End User

FIGURE 11 Global Foldable Display Market Size, by End User, 2020

FIGURE 12 Share of Global Foldable Display Market, by End User, 2020 to 2027