Introduction of the Flexible OLED Market Report

A flexible OLED (organic light-emitting diode) refers to a type of organic light-emitting diode based on a flexible substrate which can be either plastic, metal, or flexible glass. The flexible substrate allows the device to be bent or rolled while still operating, enhances the durability, and conformation to certain shapes. The flexible OLED is highly used in the display and lighting industries.

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Market Dynamic

Key Drivers and Emerging Trends

Rapid technological advancements in electronic devices and increasing demand for low energy consuming consumer electronics are some of the key factors that are expected to drive the growth of the global flexible OLED market during the forecast period. Moreover, surge in the application of flexible OLED in various consumer electronics including television displays, smartphones, smart watches, tablets, and others owing to the flexibility in design and colour, higher durability, thin display, and brighter displays when compared to LCD display is further contributing to the market growth. Moreover, advancements in autonomous and electric vehicles and rising demand of smartphones with larger displays with flexible designs features are two other factors that are surging the demand for flexible OLED over the forecast period. According to the OLED Association, OLED panel shipments is expected to reach 1.07 billion units with 84% share of smartphones in 2023. This is expected to create growth opportunities to the flexible OLED display market during the forecast period.

Restraint in the Flexible OLED Market

However, high manufacturing cost, reduced yield rates, and low temperature resistance provided by flexible OLED panels are some of the major factors that are expected to hamper the market growth. Additionally, the outbreak of the COVID-19 pandemic has hindered the consumer electronics industry due to the disruption in supply chain and manufacturing process. All these factors will restraint the growth of the flexible OLED market.

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Technology – Segment Analysis

Based on technology, AMOLED (active matrix organic light-emitting diode) segment is expected to cover a prominent share in the market primarily due to its widespread application in smartphones, smart watches, tablet, laptops, and televisions. In addition, AMOLED has thin display, consume significantly less power, lower in cost, and provides better refresh rates than passive-matrix. All these factors are further expected to accelerate the market growth.

Application – Segment Analysis

Based on application, the mobiles and tablets segment is projected to hold a larger share in the flexible OLED market. This can be attributed to the increasing adoption of flexible OLED in displays of mobiles and tablets owing to its numerous advantages such as superior image quality with very high contrast ratio; wider colour gamut; faster refresh rates; wide viewing angles; lighter, thinner, more durability as compared to glass based displays; and foldable display factor of flexible OLED. Moreover, several premium smartphones such as iPhone X, iPhone Xs, Samsung Galaxy S8, Samsung Galaxy S8+, Samsung Galaxy Note 3 have adopted flexible OLED, which is expected to support the market growth.

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Regional – Segment Analysis:

Based on region, Asia Pacific is anticipated to grow at a higher CAGR during the forecast period. This is primarily due to the rising electric and electronic industry, increasing disposable income of consumers, and growing adoption of luxury products like curved OLED televisions, visual display units, premium smartphones, smartwatches, and other high-end electronic products. Furthermore, presence of some of the prominent companies in the region is projected to stimulate the market growth.

Top Market Players

Several Leading players operating in the market include Samsung Electronics Co., Ltd., Apple, Inc., LG Electronics, OSRAM GmbH, BOE Technology Group Co., Ltd., Sony Corporation, JOLED Inc., Visionox Company, SKYWORTH Group Limited, and TCL Technology Group Corporation, and others.

Key Developments:

• • In 2021, TCL CSOT, a subsidiary of TCL Technology Group Corporation launched two products including the flexible 17-inch Printed OLED Scrolling Display and 6.7-inch AMOLED Rollable Display. This is expected to increase their product portfolio of the company in the flexible OLED market.

Segments covered in the Report:

The global Flexible OLED Market has been segmented on the basis of technology, application, and regions. Based on technology, the market is segmented into PMOLED and AMOLED. Based on application, the market is segmented into mobiles and tablets, monitors and televisions, wearables, and others. 

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Key questions answered in this research report:

• • At what pace is global Flexible OLED Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Flexible OLED Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Flexible OLED Market?
  • Which application generated maximum revenues in 2019 and identify the most promising application during the forecast period?
  • What are the various technologies of global Flexible OLED Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Samsung Electronics Co., Ltd., Apple, Inc., LG Electronics, OSRAM GmbH, BOE Technology Group Co., Ltd., Sony Corporation, JOLED Inc., Visionox Company, SKYWORTH Group Limited, and TCL Technology Group Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Flexible OLED Market by Technology

• • PMOLED
  • AMOLED

Global Flexible OLED Market by Application

• • Mobiles and Tablets
  • Monitors and Televisions
  • Wearables
  • Others

Global Flexible OLED Market by Region

• • North America Flexible OLED Market (Option 1: As a part of the free 25% customization)
    • North America Market by Technology
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Flexible OLED Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Technology
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Flexible OLED Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Technology
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Flexible OLED Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Technology
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Flexible OLED Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Samsung Electronics Co., Ltd.
  • Apple, Inc.
  • LG Electronics
  • OSRAM GmbH
  • BOE Technology Group Co., Ltd.
  • Sony Corporation
  • JOLED Inc.
  • Visionox Company
  • SKYWORTH Group Limited 
  • TCL Technology Group Corporation