Flexible Display Market Will Grow Rapidly Owing To Increased Usage In Handheld Equipments Such As Smartphones And Tablets Till 2022: Grand View Research, Inc.

San Francisco, CA, 2018-Feb-8 — /EPR Network/ — Evolution in the field of display from Cathode Ray Tube (CRT) to LCD, LED to flexible displays is expected to propel global market growth over the next seven years. Increasing application in smartphones, tablets, laptop, and other consumer gadgets such as watches is anticipated to augment flexible display market growth over the forecast period. Flexible displays are rugged, light weight, thin, non brittle, and portable. Flexible displays are expected to gain market share among consumers on account of aforementioned intrinsic properties and is expected to drive demand over the foreseeable future. Technological advancement and product innovation in making lighter and ecofriendly devices is anticipated to propel flexible display market growth in near future.

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Fast growing smartphones market across the globe is further likely to boost the flexible display demand over the next seven years. Emerging application in digital signage and military equipment is expected to create lucrative opportunities for the existing as well as new market participants. Polymers and glass reinforced plastics (GRP) are the important raw material used in manufacturing flexible display. Emerging polymers market and advancement in the field of bio-based polymers may lead to easy availability of the raw material in large amount. This trend is expected to positively impact flexible display market over the forecast period.

Related Report of Flexible Display Market:

• Virtual Reality (VR) In Gaming Market
• Outdoor LED Display Market

On the basis of products, flexible display market has been segmented into electrophoretic displays, organic light emitting diode (OLED), and liquid crystal display (LCD). Low cost and light weight of OLED has led to its usage in many smartphones, television, and tablet. This advantageous factor is expected to surge OLED demand in electronics industry which in turn is likely to drive flexible display market growth over the forecast period. BMW is planning to use OLED in tail and interior lights. This may open new opportunities for the market on account of growing expensive and premium car demand worldwide. Flexible displays are also employed in several applications such as E-book reader, E-paper, and potable television. Increased usage of social networking sites has led to an increase in smartphones demand among youth in countries such as India, China and Brazil. This trend is expected to foster flexible display market growth in the region.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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