Foldable Display Market Analysis

Foldable Display Market Analysis

Smartphones and tablets in the foldable display market are projected to witness 63.2% growth rate through 2025 impelled by increasing technological innovation and deployment activities by the leading smartphone manufacturers globally. Device producers, such as Samsung, LG, and Huawei, are working to successfully integrate this technology into their new phones, which is a major factor accounting for the market progression. Several phones are set to launch in 2019 including Samsung Galaxy X, Motorola Razr, LG folding smartphone, Apple foldable iPhone, and Huawei folding phone. Owing to the high investments and rapid technical developments, the folding phones are slated to gain commercialization in the coming years.

In the foldable display market, notebooks are predicted to observe exponential growth propelled by the product development plans adopted by few manufacturers such as Samsung and Lenovo. Compared to the smartphone industry, notebooks and laptops are growing at a slow pace and are expected to gain high speed after the foldable smartphone commercialization. Folding notebooks will provide several typing and convenience benefits compared to the traditional laptops in the market.

The Asia Pacific foldable display market is showcasing rapid expansion compared to the other markets owing to the continuous launching plans and technical activities carried out by the Asian manufacturers such as Huawei, Samsung, and others. Also, the presence of several leading display manufacturers in the Asian countries is creating several the industry growth opportunities. Additionally, the launch of the first smartphone, FlexPai, by Royole Corporation is also a key factor that adds up to the industry expansion in the APAC region. The penetration of manufacturing companies in this region is In addition the low operational costs and easy & cheap availability of raw material & components required to develop the industry products.
 

North America region is anticipated to register a high growth in the foldable display market on account of the early adoption of all digitized and technically-advanced products in the U.S. High disposable income & spending capacity of the American citizens to consume costly electronic devices is also a reason for the industry progression prospects. Moreover, the technology development initiatives by the U.S.-based companies including Apple and Microsoft is a major driver for the market.