Flexible display market worth $3.89Bn by 2020

The global flexible display market is expected to cross $3.89 billion by 2020, growing at a high CAGR from 2014 to 2020, according to a new market research report on the sector released by MarketsandMarkets.

The last decade has witnessed a well-paced transformation in the flexible display technology market. Displays have evolved from CRT to plasma display (PDP) and from PDP to LCD, LED. The latest display type is OLED.

In the coming quarter of 2014, the flexible display Smart phones are expected to hit the market with tablets to follow soon after. Laptops and TVs are also expected to follow the trend of smart phones and tablets while OLED based televisions have also been following the same trend, by electronics manufacturing giants Samsung and LG. All these developments have created demand for better and more stable materials to be used in these displays. The use of IGZO (Indium gallium Zinc oxide) and photonic crystals are the examples of the stable materials that are used in the above mentioned displays.

The characteristics and features of some emerging displays are flexible, roll able and bendable displays. They are acting as the biggest drivers in the dielectric materials market. This emerging display market possesses some of the unique, distinct features such as sleekness, reliability/flexibility, and ruggedness; and thus, these displays can be utilised in most of the industries.

The flexible display market is segmented into five categories that include: material, component, technology, application, and geography. This report divides the overall market into four major geographical segments, namely: North America, Europe, APAC, and ROW. APAC contributes more in terms of Flexible Display Market when compared to the other geographies. The demand for the display materials is mainly from APAC region in addition to this most of the demand also comes, from China and Japan.