The global flexible display market is projected to grow significantly with a CAGR of 35.1% during the forecast period 2021-2027 owing to the implementation of OLED technology in electronic devices like smartphones, smartwatches, wearables, TVs, digital signages, and electronic shelf labels, and are adopted in advertising campaigns and promotional activities.

Furthermore, the flexible display market is growing due to the rising demand for display-based consumer electronics and consumer preference for energy-efficient, flexible gadgets. The flexible light display is being used in various applications owing to the advantages offered such as flexibility, lightweight structure, durability, and bendability to their devices.

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Sharp Imaging and Information Company of America (SIICA) has introduced a 4K Ultra-HD Sharp 4T-B80CT1U AQUOS BOARD® interactive display in November 2021, allowing for more collaborative and engaging classrooms and meeting rooms.

Based on application, the global flexible display market is divided into smartphones & tablets, smartcards, e-reader, electronic shelf labels (ESLS), smartwatches & wearables, TV & digital signage systems, vehicles & public transport, laptops & PC monitor, smart home appliances, and others. Vehicles & public Transport is anticipated to grow at a faster pace as displays ranging from small to medium and medium to large-sized display panels are used in cars in a form of dashboard displays, central control units, entertainment systems, navigation systems, security systems, and many other systems which aids drivers in displaying the information. Public transport vehicles lie trains, planes, and ships are using panels to display information for advertisement purposes and be large in size.

North America dominates the flexible display market owing to the rising demand for energy-efficient devices and the significant demand for adaptable displays will bolster the growth of the flexible display market in the region.

Some of the major players in the global Flexible Display Market include BOE Technology Group Co., Ltd., SAMSUNG DISPLAY, LG DISPLAY CO., LTD., AU Optronics Corp., Innolux Optoelectronics Co., Ltd., Japan Display Inc., E Ink Holdings Inc., Corning Incorporated, SHARP CORPORATION, Visionox Company, and Royole Corporation.

Source: VynZ Research