Albany, New York, Dec. 22, 2017 (GLOBE NEWSWIRE) -- The desire for thinner, better, more power-efficient and sharper displays in consumer electronics has fuelled the demand for OLED displays and flexible OLED displays are the next progressive step in the technology’s evolution. The flexible OLED display market is oligopolistic in nature as it is capital-intensive in nature with high barriers to entry. Transparency Market Research in its report on flexible OLED display market has profiled ten prominent companies actively involved in flexible OLED display market. The companies are Visionox, Universal Display, RiTdisplay, Japan Display, EverDisplay Optronics (EDO), CSOT, BOE Technology, AU Optronics, Samsung Display, and LG Display. The flexible OLED display market is expected to be worth more than US$ 3.1 billion by 2026.
APEJ is the largest region in flexible OLED display market as the continent is home to a number of OLED display manufacturers. In addition to this, countries such as China, India, and Vietnam are growing rapidly leading to the rise of a booming middle class that seeks Internet access, typically through a smartphone. China accounts for a huge portion of the APEJ flexible OLED display market and is projected to push past US$ 1.1 billion by the end of the forecast period. The China flexible OLED display market is larger than that of Taiwan and South Korea combined with India following some way behind.
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The AMOLED segment is considerably more popular than the PMOLED segment in flexible OLED display market in terms of control scheme. The AMOLED segment has a revenue share approaching 90% of the global flexible OLED display market in 2017 alone and is poised to gain substantial market share over the course of the study. Although APEJ dominates the AMOLED segment of the flexible OLED display market, companies could also seek to target Europe as the region is projected to witness the second highest CAGR. The PMOLED segment has declining share in the flexible OLED display market and it seems that companies are moving away from this control scheme in the long run.
Curved displays have proven extremely popular in flexible OLED display market until now but are poised to lose massive share going forward. However, it is highly unlikely that curved displays would fall behind foldable displays in the next decade or so. An absolute dollar opportunity of approx. US$ 1.6 billion between 2017 and 2026 makes the curved display segment vital for key stakeholders in flexible OLED display market. Although the foldable display segment starts from a small base, it is on track to witness significant growth over the medium term. Foldable displays can be used in a number of devices such as smartphones and tablets, explaining their rising acceptance in flexible OLED display market.
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The lighting and smartphone segment hold the key to success in the flexible OLED display market and companies are advised to focus their attention on these two lucrative applications. The lighting segment is larger and should gain share while the smartphone segment is assessed to lose share over the course of the forecast period. The lighting flexible OLED segment should be worth just under US$ 250 million by end 2026.
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