Flexible Display Market to Reach $23B in 2024


Reading time ( words)

Flexible displays are not only leading to sprawling applications and revolutionizing the display market, but they are also an increasingly important segment of overall display market revenues. In fact, flexible displays are expected to comprise 15 percent of the total display market revenue in 2024, according to a new report from IHS Inc., the leading global source of critical information and insight. As flexible organic light-emitting diode (OLED) production continues to improve, revenue from flexible display production will expand at a compound annual growth rate of 44 percent from 2014, to reach $23 billion in 2024, the IHS report says.

“Flexible OLED production yield has improved dramatically over the last few years, which could prompt panel manufacturers to ramp up flexible OLED production lines,” said Jerry Kang, principal analyst at IHS. “Market growth could also accelerate when flexible displays debut in foldable, rollable and stretchable forms.”

Rugged, light, thin, non-brittle and portable flexible displays are feeding the market for various applications. For example, LG Electronics and Samsung Electronics have both applied flexible OLEDs to their flagship smartphones, to bolster sales in the slowing premium-smartphone market. The Apple Watch, which uses flexible display technology, has also added to the momentum of OLED in wearable devices. “Flexible display technology is not only gathering heated attention from electronics giants, but it is also stimulating startups to experiment with novel applications and innovations,” Kang said. 

For information about purchasing the IHS Flexible Display Technology and Market Report, contact the sales department at IHS in the Americas at +1 844 301 7334 or AmericasLeads@ihs.com; in Europe, Middle East and Africa (EMEA) at +44 1344 328 300 or technology_emea@ihs.com; or Asia-Pacific (APAC) at +604 291 3600 or technology_APAC@ihs.com.

About IHS

IHS is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 150 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs about 8,800 people in 32 countries around the world.

Share

Print


Suggested Items

For Climbing Robots, the Sky's the Limit

07/15/2019 | NASA
Robots can drive on the plains and craters of Mars, but what if we could explore cliffs, polar caps and other hard-to-reach places on the Red Planet and beyond? Designed by engineers at NASA's Jet Propulsion Laboratory in Pasadena, California, a four-limbed robot named LEMUR (Limbed Excursion Mechanical Utility Robot) can scale rock walls, gripping with hundreds of tiny fishhooks in each of its 16 fingers and using artificial intelligence (AI) to find its way around obstacles.

Enabling Revolutionary Nondestructive Inspection Capability

06/17/2019 | DARPA
X-rays and gamma rays have a wide range of applications including scanning suspicious maritime shipping containers for illicit materials, industrial inspection of materials and processes, and medical diagnostic and therapeutic procedures.

NASA Selects First Commercial Moon Landing Services for Artemis Program

06/11/2019 | NASA
NASA has selected three commercial Moon landing service providers that will deliver science and technology payloads under Commercial Lunar Payload Services (CLPS) as part of the Artemis program. Each commercial lander will carry NASA-provided payloads that will conduct science investigations and demonstrate advanced technologies on the lunar surface, paving the way for NASA astronauts to land on the lunar surface by 2024.



Copyright © 2019 I-Connect007. All rights reserved.