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Flexible OLED Market to Reach $117.7 Billion, Globally, By 2031 at 40.4% CAGR: Allied Market ResearchThe rise in demand for low-energy consumer electronics, rapid technological advancements in electronic devices, and increase in the use of flexible OLED screen in a variety of consumer electronics, including television displays, smartphones, and others drive the global flexible OLED market. PORTLAND, Ore., Feb. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Flexible OLED Market By Type (AMOLED, and PMOLED), Application (Smartphones and Tablets, Televisions, Laptops and Monitors, Wearables, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031", according to the report, the global flexible OLED industry was valued at $4.1 billion in 2021 and is estimated to generate $117.7 billion by 2031, witnessing a CAGR of 40.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.  Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/7236 Drivers, Restraints, and Opportunities The rise in demand for low-energy consumer electronics, rapid technological advancements in electronic devices, and an increase in the use of flexible OLED screen in a variety of consumer electronics, including television displays, smartphones, smart watches, tablets, and others fuel the growth of the global flexible OLED market. However, high cost of manufacturing, lower performance, and low temperature tolerance of flexible OLED panels are likely to hinder the global market growth. On the other hand, advances in autonomous and electric vehicles and growing demand for smartphones with large displays and flexible design features will present new growth opportunities for the global flexible OLED market in the coming years. Report Coverage and Details:
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The AMOLED segment to dominate the market during the forecast period Based on type, the AMOLED segment contributed to the largest share of nearly two-thirds of the global flexible OLED market in 2021, and is expected to rule the roost during the forecast period. The same segment is projected to witness the fastest CAGR of 41.02% from 2022 to 2031. This is due to the increasing need for faster reference rates for better viewing angles and smoother interactions. Moreover, AMOLED technology can be easily integrated into displays of any size, which facilitates the application of flexible organic light-emitting diodes in various devices such as smartphones, TVs, monitors, and wearables. Moreover, due to its unique properties such as ultra-flexibility and shatter resistance, AMOLED technology is widely used in industrial applications and expected to drive revenue growth of the segment. The smartphones and tablets segment to maintain its leadership in terms of revenue during the forecast period Based on application, the smartphones and tablets segment held the largest share of more than one-third of the global flexible OLED market in 2021, and is expected to maintain a prominent revenue during the forecast period. This is attributed to the increasing adoption of flexible OLED in mobile phone and tablet screens due to its many advantages, such as excellent image quality and ultra-high contrast ratio; a wider range of colors; faster refresh rates; wide viewing angles; lighter, thinner, more durable compared to glass-based screens; and a foldable OLED screen. However, the laptops and monitors segment is expected to exhibit the highest CAGR of 41.35% in 2031. This is due to the need for portable and lightweight devices where flexible OLED displays are used to offer improved visual quality compared to traditional LCD displays as well as wider viewing angles, brighter colors and more. North America to garner the largest revenue by 2031 Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global flexible OLED market and is expected to maintain its dominance during the forecast period. This is due to the rising disposable incomes of consumers in the region that encourage them to purchase high-end electronics such as curved display televisions and luxury smartphones. Also, the demand for flexible OLED in the region is anticipated to increase due to rising corporate presence, which will increase the deployment of curved displays for multitasking by employees. However, the market in Asia-Pacific is likely to show the fastest CAGR of 42.39% during the forecast period. This is attributed to the presence of big companies such as Sony Group Corporation, LG Display, and Samsung Electronics in the region. Moreover, the launch of innovative products by these players and rapid growth of consumer electronics, especially in countries such as China, India, and Japan, are expected to boost the growth of the market. Interested to Procure the Data? Inquire Here (Get Full Insights in PDF - 327 Pages): https://www.alliedmarketresearch.com/purchase-enquiry/7236 Leading Market Players:
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Buy this Research Report at Discounted Price @ https://bit.ly/3JY4iWu Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + COVID-19 Scenario): Display Market By Application (Smartphone and Tablet, Smart Wearable, Television and Digital Signage, PC and Laptop, Vehicle Display, and Others), Technology (OLED, QUANTUM DOT, LED, LCD, E-PAPER, Others), Industry Vertical (Healthcare, Consumer Electronics, BFSI, Retail, Military and Defense, Automotive, and Others), Display Type (Flat Panel Display, Flexible Panel Display, and Transparent Panel Display): Global Opportunity Analysis and Industry Forecast, 2021-2031 3D Display Market By Type (Volumetric Display, Stereoscopic, and HMD), Technology (DLP RPTV, PDP, OLED, and LED), Access Method (Screen Based Display and Micro Display), and Application (TV, Smartphones, Monitor, Mobile Computing Devices, Projectors, HMD, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030 Flexible Electronics Market By Component (Flexible Display [OLED, E-paper, and LCD], Flexible Battery, Flexible Sensor [Bio Sensors, CMOS Hybrid Sensors, Photo Detectors, Piezo Resistive, and Others], Flexible Memory, and Flexible Photovoltaics) and Application (Consumer Electronics, Automotive, Medical & Healthcare, Energy & Power, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 Organic LED Market By Product Type (Display and Lighting), Technology (PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED, and White OLED) and End Use (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027 Interactive Display Market By Panel Type (Flat Panel, Flexible Panel, and Transparent Panel), Technology (OLED, LED, LCD, and QD), Screen Size (Less than 35", 35" to 60", and More than 60"), Application (Interactive Table, Interactive Monitor, Interactive Kiosk, Interactive Whiteboard, and Video Wall), and End User (Healthcare, Retail, BFSI, Military & Defense, Transportation, Education, and Other): Global Opportunity Analysis and Industry Forecast, 2019-2026 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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