Beyond Glass: Emerging Trends in Flexible Display Technology

The Business Research Company recently released a comprehensive report on the Global Glass Flexible Display Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The glass flexible display market size has grown strongly in recent years. It will grow from $19.55 billion in 2023 to $21.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to the increasing usage of televisions, laptops, PCs, and tablets, the increase in focus of automotive manufacturers on integrating innovative, the increasing demand for innovative consumer electronics, rising demand for affordable flexible materials, increasing application of flexible display.

The glass flexible display market size is expected to see strong growth in the next few years. It will grow to $30.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to the growth of the automotive industry, increase in demand for greater picture quality, increasing awareness and regulatory pressure around environmental sustainability, increasing popularity of wearable devices, increase in the focus of automotive manufacturers on integrating innovation. Major trends in the forecast period include advancements In display technology, advancements in material technology, a growing market for wearable technology, increased adoption of foldable and rollable devices, and increasing emphasis on sustainability.

Market Drivers and Trends:
The increasing demand for consumer electronics is expected to propel the growth of the glass flexible display market going forward. Consumer electronics refers to electronic devices specifically crafted for purchase and utilization by end-users or consumers for personal and non-commercial or professional uses in their daily lives. The consumer electronics market is driven by rising disposable income levels, shifts in consumer lifestyles, rapid urbanization, and the proliferation of e-commerce platforms. Glass flexible displays are utilized to develop cutting-edge products such as foldable smartphones, rollable tablets, and curved televisions. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total electronic equipment production in Japan reached $4919 million ( ¥771,457 million). In addition, consumer electronics production reached $204.67 million (¥32,099 million) in May 2023, compared to $161.12 million (¥25,268 million) in May 2022. Therefore, the increasing demand for consumer electronics is driving the growth of the glass flexible display market.

Major companies operating in the glass flexible display market are developing inkjet printing technology to enhance display quality, improve production efficiency, and enable more vibrant, high-resolution screens that are flexible and durable. Inkjet printing technology involves using inkjet printing methods to deposit various materials onto substrates with high precision and efficiency. For instance, in January 2021, TCL CSOT, a China-based display technology company, launched a 17-inch Printed OLED Scrolling Display and a 6.7-inch AMOLED Rollable Display. The 17-inch model is remarkably thin at 0.18mm, highly portable, and delivers a full-color gamut using advanced inkjet printing. Its OLED RGB self-luminous devices are created using high-precision inkjet printing technology, eliminating the requirement for fine metal masks. It is ideal for flexible, curved, foldable, and transparent display applications. The 6.7-inch rollable AMOLED display can expand to 7.8 inches, converting a smartphone into a tablet with a simple tap, and features a sleek design under 10mm thick, setting a new standard for smartphone versatility and user experience.

Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:
Samsung Electronics Co. Ltd., Sony Corporation, BOE Technology Group Co. Ltd, Koninklijke Philips N.V. (Royal Philips), LG Display Co. Ltd., Sharp Corporation, Delta Electronics Inc., Corning Incorporated, DuPont de Nemours Inc., Innolux Corporation, AU Optronics Corp., Materion Corporation, Japan Display Inc., E Ink Holdings Inc., Kateeva Inc., Royole Corporation, Novaled GmbH, NanoLumens Inc., FlexEnable Limited, Plastic Logic Limited, Visionox Company Ltd., Microtips Technology LLC

Glass Flexible Display Market 2024 Key Insights:
• The glass flexible display market size is expected to see strong growth in the next few years. It will grow to $30.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Consumer Electronics Growth Fueling Expansion Of Glass Flexible Display Market
• Innovative Inkjet Printing Technology Revolutionizes Flexible Display Manufacturing
• Asia-Pacific was the largest region in the glass flexible display market in 2023