Flexible Display Technology Market Size, Share, Growth, and Industry Analysis, By Type (Liquid crystal display (LCD), Organic light emitting diode (OLED), Electronic paper display (EPD)), By Application (Smartphone, Tablet, Laptop, Smartcard, TV, Wearable Display), Regional Forecast To 2035

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FLEXIBLE DISPLAY TECHNOLOGY MARKET OVERVIEW

The global Flexible Display Technology Market is set to rise from USD 41.36 Billion in 2025 to USD 55.63 Billion in 2026, on track to hit USD 595.82 Billion by 2035, growing at a CAGR of 34.5% between 2025 and 2035.

The global COVID-19 pandemic has been unprecedented and staggering, with the Flexible Display Technology Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Flexible display technology refers to the development and manufacturing of displays that are thin, lightweight, and bendable or rollable. Unlike traditional rigid displays, which are made of glass, flexible displays are created using flexible substrates, such as plastic or metal, that allow them to be curved, folded, or flexed without breaking. The technology behind flexible displays involves using innovative materials, such as organic light-emitting diodes (OLEDs) or electronic ink (e-ink), and advanced manufacturing techniques. These displays offer several advantages, including improved durability, portability, and versatility in terms of form factor and design.

Flexible displays have gained significant attention and adoption across various industries, including consumer electronics, automotive, healthcare, and advertising. In consumer electronics, they are used in smartphones, tablets, and wearable devices to provide larger screen sizes, better user experience, and enhanced portability.

KEY FINDINGS

COVID-19 IMPACT

Market to witness plunge due to less demand

The pandemic led to widespread disruptions in global supply chains, including the production and distribution of flexible display components. Manufacturing facilities were temporarily shut down, leading to delays in production and shortages of key components. Due to economic uncertainties and lockdown measures imposed in various countries, consumer demand for electronics, including devices with flexible displays, experienced a decline. Many people prioritized essential purchases, resulting in lower sales and adoption of flexible display technology.

LATEST TRENDS

Increased demand for Foldable smartphones to fuel market growth.

Foldable smartphones have gained attention in recent years, and major smartphone manufacturers have introduced devices with flexible displays that can fold or unfold to provide a larger screen size when needed. This trend is expected to continue, with advancements in display technology and design, as well as increased competition among manufacturers. Rollable displays are another emerging trend in the flexible display market. These displays can be rolled out to provide a larger screen area and rolled back into a compact form for easy portability. Companies are exploring rollable display technology for various applications, including televisions, smart home devices, and portable monitors.

• According to the Korea Display Industry Association (KDIA, 2024), shipments of foldable smartphones using flexible OLED panels exceeded 27 million units globally in 2023, marking a 45% increase from the previous year. This surge is primarily driven by consumer demand for lightweight, portable devices and manufacturers’ advancements in ultra-thin glass and polymer substrates.

• The U.S. Department of Energy (DOE, 2023) reported that over 35% of new electric vehicle (EV) dashboards now integrate flexible OLED or AMOLED panels for curved or wrap-around displays. Similarly, over 60 million wearable devices incorporated flexible displays in 2023, indicating significant cross-sector adoption beyond smartphones and tablets.

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FLEXIBLE DISPLAY TECHNOLOGY MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into, Liquid crystal display (LCD), Organic light emitting diode (OLED), Electronic paper display (EPD).

By Application Analysis

Based on application, the market can be divided into, smartphone, tablet, laptop, smartcard, TV, wearable display.

DRIVING FACTORS

Adoption of wearable devices and automotive displays to stimulate market demand

Flexible displays are increasingly being integrated into wearable devices such as smartwatches, fitness trackers, and augmented reality (AR) glasses. These displays offer better form factor options, improved comfort, and enhanced user experience in wearable technology. The automotive industry is embracing flexible display technology for in-car displays, including infotainment systems, instrument clusters, and heads-up displays. Flexible displays allow for curved or customized designs, enabling automakers to create more visually appealing and immersive user interfaces. These factors are driving the Flexible Display Technology market growth rapidly.

• As per the Korea Advanced Institute of Science and Technology (KAIST, 2023), improvements in organic semiconductor materials have enhanced OLED durability by nearly 40%. This progress enables the creation of ultra-flexible, shatter-resistant displays that support the growing demand for next-generation electronics.

• The South Korean Ministry of Trade, Industry and Energy (MOTIE, 2023) allocated ₩120 billion (approx. USD 92 million) in R&D funding to accelerate flexible electronic technologies. This initiative supports local manufacturers developing bendable screens with up to 70% lower power consumption compared to conventional LCD panels.

Transparent and Stretchable Displays to propel market growth

Transparent and Stretchable Displays: Research and development efforts are focused on creating transparent and stretchable displays. Transparent displays have potential applications in augmented reality, heads-up displays, and retail signage. Stretchable displays are being explored for use in wearable devices and medical applications, offering flexibility and comfort in conforming to the body.

RESTRAINING FACTORS

High manufacturing cost to restrict the market growth

The manufacturing process for flexible displays is complex and requires specialized equipment and materials. As a result, the production costs of flexible displays are generally higher compared to traditional rigid displays. The higher costs can limit the mass adoption of flexible display technology, particularly in price-sensitive consumer markets. The production of flexible displays requires a well-established supply chain infrastructure that can efficiently manufacture and distribute the necessary components. The development of this infrastructure, including the availability of flexible substrates, transparent conductive materials, and encapsulation technologies, can be a challenge, slowing down the market growth.

• According to the U.S. National Institute of Standards and Technology (NIST, 2023), the defect rate in flexible OLED fabrication remains between 8–12%, mainly due to difficulties in maintaining substrate uniformity and encapsulation integrity. These inefficiencies contribute to higher unit costs and limited scalability.

• The International Electrotechnical Commission (IEC, 2023) found that flexible panels experience up to 25% degradation in luminance after 200,000 bending cycles, compared to rigid OLEDs. This performance drop poses challenges for long-term consumer reliability and industrial-grade applications.

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FLEXIBLE DISPLAY TECHNOLOGY MARKET REGIONAL INSIGHTS

Increasing demand in Asia-Pacific has boosted the Flexible Display Technology Market share

The APAC region is a key hub for flexible display technology. Countries such as South Korea, Japan, and China have made significant advancements in the field. South Korea, in particular, is home to several major display manufacturers and has been a leader in the development and production of flexible OLED displays. The region benefits from strong manufacturing capabilities, robust research and development activities, and a large consumer electronics market, which drives the demand for flexible displays. These factors are increasing the Flexible Display Technology market share in the region.

KEY INDUSTRY PLAYERS

Adoption of Innovative Strategies by Key Players Influencing Market Development

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

• Samsung Display (Korea): According to the Korea Display Industry Association (KDIA, 2024), Samsung Display manufactures over 60% of the world’s flexible OLED panels, supplying major brands like Apple, Huawei, and Xiaomi. The company operates five OLED fabrication lines in Asan and Tangjeong, collectively producing more than 140 million flexible units annually.

• LG Display (South Korea): The South Korea Electronics Association (KOEIA, 2023) reports that LG Display has developed rollable OLED prototypes with a curvature radius of just 5 mm, among the smallest in the industry. Additionally, the company has invested ₩3 trillion in its Paju production facility to expand large-size flexible panel output for televisions and automotive use.

List of Top Flexible Display Technology Companies

• Samsung Display (Korea)
• LG Display (South Korea)
• Hewlett-Packard Company (US)
• Sony Corporation (Japan)
• Atmel Corporation (US)
• Kent Displays (US)
• Universal Display Corporation (US)
• Novaled AG (Germany)
• DowDuPont
• Corning (US)
• Philips Electronics (Netherlands)
• Materion Corporation (US)
• AU Optronics (Taiwan)
• E Ink Holdings (Taiwan)

REPORT COVERAGE

This report examines an understanding of the Flexible Display Technology market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.