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Foldable Display Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2029

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Global foldable display market to value over USD 3.8 billion by 2029 end and register a CAGR of over 61% from 2019 to 2029. The increasing need for advancement and better and new technology in all electronic devices is creating several opportunities
Foldable Display Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2029
Global foldable display market to value over USD 3.8 billion by 2029 end and register
a CAGR of over 61% from 2019 to 2029.
The increasing need for advancement and better and new technology in all electronic
devices is creating several opportunities for the growth of the global foldable display
market. The requirement for such merchandise is associated with heightened
consumer consciousness about the most advanced technologies in developed
economies. Numerous technological manufacturers across the globe are working on
market contributions by integrating them into the newly developed products. For
instance, in 2018, Royole Corporation announced the launch of its new smartphone
plus tablet offering, FLexPai, with a display supporting both folded and unfolded
usability. The new product addresses several applications including office work,
gaming, and entertainment. This gained popularity and accelerated the growth of the
global foldable display market.
Technological improvements in OLED display technology is one of the significant
drivers for the foldable display market. The integration of OLED technology with
foldable displays & screens is becoming increasingly popular among electronic device
manufacturers due to the versatility and improved image quality. Therefore, the
growth of OLED promotes the foldable display technology and thus propels the
global market.
The foldable display market growth is hampered majorly due to high-cost
determinants associated with the technology. Due to increased expenses, device
manufacturers are unable to deploy new technology in the latest products owing
to limited customer buying capacity. Commercialization of technology globally over
the forecast timespan can surmount such hurdles. Augmentation in the production
capacities and more extensive incorporation of the hardware & software
components by manufacturers will eliminate the compatibility issues.
There are various foldable display technologies in the market developed by
businesses such as LG Display, Samsung Electronics, Huawei, and Visionox with
different specifications and unique features.
Key Developments
In 2019, Lenovo filed a patent for foldable designs, that accommodates two screens
on one device. The company aims at competing with Samsung and LG to use this
design in their upcoming smartphones.
In 2019, Universal Display Corporation produced a phosphorescent organic LED to be
employed in premium smartphones. The phosphorescent organic LED can be utilized
for smartphones having versatile features.
In 2017, ZTE corporation launched Axon M smartphone. The device includes two
separate screens which act as individual displays on both sides of the smartphone yet
can merge to make a single screen using software modifications. The company
focuses on the continuous development of its smartphone business segment to
compete with the market leaders.
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Market Segmentation
By Display Type
 OLED
 LED
 AMOLED
By Application
 Smartphone Display
 Televisions
 Tablets And Notebook
 Wearable Display
By Region:
 Europe
 North America
 APAC
 Latin America
 Rest of World
Among the regions, Asia-Pacific accounts for the highest market share owing to a
high number of displays manufactured in the region, unit shipments, and the thriving
consumer electronics market. 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
smartphone displays help boost the foldable display market in Asia. China, South
Korea, and Taiwan are amongst the leading countries with the highest manufacturing
and export 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.
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Competitive Landscape:
 Tier 1 players- established companies in the market with a major market share
 Tier 2 players
 Emerging players which are growing rapidly
 New Entrants
FutureWise Takeaways
 Growth prospects
 SWOT analysis
 Key trends
 Key data points affecting market growth
Objectives of the Study:
 To provide an exhaustive analysis on the global foldable display market by
display type, by application and by region
 To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints)
 To evaluate and forecast micro-markets and the overall market
 To predict the market size, in key regions (along with countries)—North
America, Europe, Asia Pacific, Latin America, and rest of the world
 To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
 Profiling of companies to evaluate their market shares, strategies, financials
and core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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