Global foldable display market  to value over USD 3.8 billion by 2029 end and register at CAGR of over 61% from 2019 to 2029. 

The growing need for advancement and better technology in the world of electronic devices is creating multiple opportunities for the growth of the global foldable display market. The requirement for such merchandise is associated with heightened consumer consciousness. Numerous technology manufacturers on the globe are working on the market 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 leading drivers for the foldable display market. The integration of OLED technology with foldable displays and screens is widely popular among electronic devices manufacturers. Therefore, the growth of OLED promotes the foldable display technology and thus propels the global market.

The foldable display market growth is hampered by high-cost determinants associated with the technology. To to increased to. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. To. Commercialization of technology globally over the forecast timespan can surmount such hurdles. Augmentation in the production capacities and more extensive incorporation of the hardware and software components by manufacturers will eliminate the compatibility issues.

There are various foldable display technology 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, Latin America, Asia Pacific, and rest of the world
To record evaluate and competitive landscape mapping- product launches, advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies
 

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