Flexible OLED Market Size, Share, And Growth Report 2032

Flexible OLED Market: Size

The global Flexible OLED Market size was worth around USD 5.86 billion in 2023 and is predicted to grow to around USD 108.13 billion by 2032 with a compound annual growth rate (CAGR) of roughly 38.3% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Flexible OLED Market on a global and regional level.

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Flexible OLED Market: Overview

Organic light-emitting diodes or OLED’s are manufactured by placing numerous organic thin films (substrates) between two conductors. On applying an electric current between these conductors, light is emitted. Flexible OLEDs are the mostly used OLEDs in the market currently.

The increasing use of OLED display panels in smartphones is anticipated to fuel the flexible OLED market growth in the future. Major smartphone manufacturers, such as Apple, Samsung, Huawei, Xiaomi, and Sony, manufacture smartphones with OLED displays. Manufacturers are also focusing on introducing flexible smartphones by 2020, which is likely to further drive the flexible OLED market globally in the years ahead. The escalating demand for OLED TVs is playing a crucial role in boosting the flexible OLED market across the globe. However, consumers are facing major issues related to OLED displays, which might adversely impact the flexible OLED market over the estimated timeframe.

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Flexible OLED Market: Segmentation

The study provides a crucial view of the flexible OLED market by segmenting the market based on technology, application, panel size, end-use industry, and region. All the segments of the flexible OLED market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By technology, the global flexible OLED market is segmented into AMOLED and PMOLED. The AMOLED segment is expected to hold a substantial share of the flexible OLED market in the future, due to increasing OLED usage in consumer electronics.

By application, the global flexible OLED market is segmented into smartphones and tablets, TVs, laptops and monitors, wearables, lighting, and others. TVs are estimated to register a lucrative rate of growth over the projected timeframe, owing to the increasing adoption of flexible OLEDs in TVs.

By panel size, this market includes up to 7 inches, between 7 and 20 inches, between 20 and 51 inches, and more than 51 inches.

Consumer electronics, automotive, sports and entertainment, and others comprise the end-use industry segment of the global flexible OLED market.

Flexible OLED Market: Report Scope

Flexible OLED Market: Regional Analysis

The regional segmentation comprises the current and forecast demand for North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa for flexible OLED market, which is further segmented into major countries, such as the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, Brazil, and Argentina, among others.

By region, Asia Pacific is projected to hold a significant share of the global flexible OLED market in the future. This share can be attributed to the rising demand for technically advanced consumer electronics products and the presence of key market players, such as LG Display Co. Ltd., Samsung Electronics Co. Ltd., and Panasonic Corporation, in the region. The Latin American region is anticipated to make a substantial contribution to the global flexible OLED market over the estimated time period, owing to the increasing demand for laptops. Increasing usage of OLEDs in vehicles is likely to drive the European flexible OLED market in the years ahead.

Flexible OLED Market: Competitive Players

Some noticeable players of the global flexible OLED market include:

• OSRAM GmbH
• LG Display Co.Ltd.
• Panasonic Corporation
• Samsung Electronics Co.Ltd.
• AU Optronics
• BOE Technology
• Universal Display Corporation
• Pioneer OLED
• Konica Minolta
• Acuity Brands

The Global Flexible OLED Market is segmented as follows:

Global Flexible OLED Market: Technology Analysis

• AMOLED
• PMOLED

Global Flexible OLED Market: Application Analysis

• Smartphones and Tablets
• TVs
• Laptops and Monitors
• Wearables
• Lighting
• Others

Global Flexible OLED Market: Panel Size Analysis

• Up to 7 Inches
• Between 7 and 20 Inches
• Between 20 and 51 Inches
• More Than 51 Inches

Global Flexible OLED Market: End-Use Industry Analysis

• Consumer Electronics
• Automotive
• Sports and Entertainment
• Others

Global Flexible OLED Market: Regional Analysis

• • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa