Global Flexible Display Market Size, Share, Development, Growth and Demand Forecast to 2023 By P&S Market Research

Flexible display includes plastic, as the chief substrate instead of conventional glass. However in some cases, thin glass, or steel can also be used as a substrate for flexible display. Higher operating temperature is one of the major advantages of glass, and steel based flexible display, whereas plastic substrate offers superior flexibility, light weight, and robustness.  

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The technical advancements in the manufacturing technology of flexible organic light emitting diode (OLED) has boosted up the flexible display market, in past few years. Sony Corp., Philips, and Samsung, are some of the leading patent holders, in the flexible display market. The market penetration of flexible glass in various consumer electronics products is likely to be increased due to features, such as portability, non-brittleness, light weight, and flexibility, within the forecast period. Major players in the consumer electronics market, such as Samsung and LG have started using flexible organic light emitting diode (OLEDs) in their smartphones, to gain a large market share in the premium smartphone market segment. More recently, Apple Inc. has launched Apple Watch, which contains flexible display technology
The transformation of display technology, growing market of display based electronic devices, such as smartphones, TV, Tablets, and laptops; along with the advancement in material science are the major drivers for the growth of the global flexible display market. The increasing market penetration of flexible display is providing new market opportunity, across the value chain.
Asia Pacific accounted for the leading and fastest growing market of flexible display, in 2014. The market dominance of Asia Pacific is attributed to high demand of display devices from consumer electronics segment. The U.S. and Canada are two largest regional flexible display markets in North America.  
The major patents within the flexible display market are, US 8,275,420 (LG Electronics Inc.), US 8,271,047 (LG Electronics Inc.), US 8,376,017 (Samsung Group), EP2456175 (Research In Motion Ltd.), US 7,751,116B2 (LG Display Co. Ltd.), and US 8,199,272 (E Ink Holding Inc.). In 2013, LG Display Co. Ltd. announced an investment of $900 million, for the production of sixth-generation flexible organic light emitting diode (OLED) panels. With this investment the company aims to manufacture 7,500 flexible display units per month, which is likely to be commenced from 2017. 
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