The flexible display market is expected to grow at a CAGR of 21.02%, reaching a market size of US$84.263 billion in 2030 from US$32.482 billion in 2025.
Flexible displays are gaining prominence in consumer electronics because of their benefits, such as strength, lightness, shatter resistance, mobility, and ability to last long. Some examples of such devices include smartphones, tablets, and laptops, which have adopted contemporary high-tech gadgets featuring flexible displays. The extensive polymer sector has made it easy for companies to locate unprocessed compounds. The growing polymer industry has led to the easy availability of raw materials. The flexible display is made up of glass, plastic, and metal. Smart wearables, televisions, personal computers, laptops, E-Readers, monitors, smartphones and tablets, electronic shelf labels, and vehicles all use flexible displays.
Further, the rising adoption of OLED-based devices, such as mobile phones, VR headsets, digital cameras, laptops, tablets, and televisions, is growing the market for flexible displays. The high adoption of entertainment and gaming will drive the flexible displays market in the forecast period.
The OLED display type has gained popularity recently because of its better image quality, simpler design, and limited flexibility. OLED screens can be thinned and molded into specific shapes without backlighting. Although OLED display types are expensive for large screens, like computer monitors and televisions, they still benefit from economies of scale in this market. The first demand for flexible OLED displays is expected to come from emerging economies in the consumer electronics segment of APAC, North America, and Europe. This adoption is, therefore, expected to drive the market for flexible OLED displays.
Flexible display technology is considered the next big thing in mobile telephony. For example, it allows the user to expand the device quickly when watching a video and return it to its original size whenever necessary.
Moreover, customers using mobile devices may be able to multitask more effectively, thanks to flexible displays. In some situations, foldable smartphone screens can replace the need for a tablet as a secondary device. In smartphones, the display is a visual output surface made to resist folding, bending, and twisting
Telecom companies indicate that equipment manufacturers can fully produce 5G-compatible smartphones and computer components, and they guarantee that the benefits of 5G frameworks will eventually satisfy all of their customers. The innovation is expected to provide homes and devices with impressive internet speeds; tests indicate that the frameworks are more than 100 times faster than 4G. Due to the enormous capabilities of the current smart devices and the available workstations, it is understandable that 5G technology will enable users to perform more functions with one device than was previously possible.
Another reason for embracing plastics as standard substrates is the demand for cheap and flexible materials, especially in electrical appliances. Plastic, as compared to glass, is more flexible and lighter, thus making it appropriate for applications like wearable technology where weight and bendability matter most. In addition, they can produce higher-quality images than liquid crystal displays because they accommodate wider viewable angles and higher resolutions. Plastic substrates, such as head-up displays and instrument clusters, are used in automotive displays. Another foldable smartphone with a plastic substrate display was the Razr 3, which was released in 2022 by the telecom company Motorola.
Flexible screen production is a multi-step, intricate process. These days, competing display technologies require fewer production steps and offer better design capabilities. Flexible display technologies must be able to match the performance of currently available rigid display and electronics technologies. Numerous organic materials used in flexible electronics and screens are oxygen-sensitive and combustible. Exposure to oxygen and moisture reduces a material's life. As such, they provide less protection. Additionally, these materials frequently operate slowly and at high voltages. They are adversely affected by extreme temperatures as well.
Asia-Pacific is becoming recognized as a leader in developing flexible displays, especially in the consumer electronics sector. East Asian countries are experiencing consistent growth in this area, mostly in flexible displays. The Asia Pacific region is seeing a rise in demand for OLED displays as end users in various industry verticals stress the value of superior displays. New uses for flexible displays and electronics are being fueled by developments in material technologies. These products are anticipated to account for a sizeable portion of market demand and revenues during and after the forecast period. Numerous advanced display technologies also dominate the regional market as a result of market players consolidating. Furthermore, Asian nations are the foundation for foundries that manufacture displays, giving them a dominant market position.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Flexible Display Market Size in 2025 | US$32.482 billion |
| Flexible Display Market Size in 2030 | US$84.263 billion |
| Growth Rate | CAGR of 21.02% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Flexible Display Market | |
| Customization Scope | Free report customization with purchase |
The Flexible Display market is segmented and analyzed as follows: