Paper-Thin Displays (PTDs) Market Report Overview
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The global paper-thin displays (PTDs) market size was USD 4285.1 million in 2022 and is expected to reach USD 62975.52 million in 2031, at a CAGR of 34.8% during the forecast period.
The paper-thin displays (PTDs) is used as a protecting shield for the OLED display to save it from dust and humidity. Technology structures in the display includes anti-reflection and anti-glare that generates reading excellence, non-reflective surface. The technology guarding the eye of the users who need to look at the screen for a long time such as gamers, and medical workers. The accessibility and growing demand for paper-thin displays in smartphones, tablets, and notebooks through the world due to the paper-thin display consume less energy as compared to other displays, additionally motivate the growth of the market also rising demand for OLED-based devices, and flexible display in numerous sectors. Expanding technological innovations, and high acceptance of display technologies, and the increasing number of consumer electronics producers are observing growth opportunity. The rising demand for portable electronic displays with the growing disposable incomes of customers drives the growth of the market. The increasing trend of shrinking is driving the manufacturers to decline the complete thickness of the displays. This is growing the interest of numerous producers to produce paper-thin displays, with changes in constituents, design, and fabrication. Display technologies have achieved bigger importance in products such as televisions, smart wearable, smartphones, and other devices. Smartphone producers plan to integrate flexible OLED displays to charm customers. Flexible display technologies witness’s reputation at a high speed.
COVID-19 Impact: Pandemic hampered the market due to unexpected disruption
The global COVID-19 pandemic has been unprecedented and staggering, with paper-thin displays (PTDs) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.
COVID-19 pandemic has tremendously affected the entire world. The pandemic has led to significant changes in consumer behaviour, with more individuals spending online and selecting health and safety. Due to outbreak of COVID- 19 travel restriction and social distancing measures have resulted in reduced demand for Paper-thin displays (PTDs) market. Pandemic disrupted the supply chain due to the shortage of logistics support, and isolation procedures. The supply chain disturbances generated challenges for the producers in business and providing their products. Procedures of production and manufacturing industries have been heavily impacted. Pandemic is impacting the society and overall economy across the world.
Latest Trends
"Technological advancement to boost the market growth "
High implementation of advanced technology and the existence of large players in county are likely to create generous growth opportunities for the market. Technological improvement and expansion will further enlarge the performance of the product. Developments in technology have led to the expansion of new and superior quality materials contributing to the paper-thin displays (PTDs) market growth. Team up with other firms can lead to the enlargement of new products, services, technologies that can help to motivate growth and income. Some players focus on product improvement to meet consumer requirements and likings.
Paper-Thin Displays (PTDs) Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into liquid crystal (LCD) display, thin film transistor- liquid crystal display, organic light emitting diode(OLED) display, polymer dispersed liquid crystal (PDLC) display
Liquid crystal (LCD) display capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented into smartphone, smart watch, wearable device, digital cameras, TV sets, others
Paper-thin displays (PTDs) market players cover segment as smartphone will dominate the market share during forecast period.
Driving Factors
"Technological development to upsurge the market growth"
The smartphone and tablet sector is estimated to witness substantial growth during the forecast period mainly due to the demand for the paper-thin display that is rising in the smartphone market as these displays consume reasonably less energy and deliver high specification display. With an upsurge in smartphone acceptance worldwide the demand for high definition thin, flexible, and ultra-high displays is speedily growing.
"Increase in demand for winter sports to boost the market."
The increasing demand for thinner, lightweight, and flexible displays and technological advancements in display technology are boosting the growth of the paper-thin display market. Rising technological innovations and high acceptance of display technology and increasing number of consumer electronics manufacturing is witnessing growth opportunity in the market.
Restraining Factors
"Competition with existing display technology to hamper the market growth"
Competition with the existing display technologies is expected to act as a restraint to the market growth. To gain the market new technology to be adopted by the players due to which the high level of technical manufacturing is required hence, cost of manufacturing increases. However, the competition with the present display technologies is projected to hinder the market growth.
Paper-Thin Displays (PTDs) Market Regional Insights
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"North America to dominate the region due to technical advancement"
North America is further expected to witness growth in the paper-thin displays (PTDs) market share. The region is anticipated to witness major growth over the forecast period due to growing investments by key players in developing innovative PTDs with improved image quality, contrast ratio, reaction time, and observing angle stability. This region is estimated to record highest growth in the display technology and is projected to occupy a major share of the market over the forecast period also observed many technological progressions and high adoption of display technologies. High demand for electronic display along with disposable income helps to improve the market.
Key Industry Players
"Key players focus on partnerships to gain competitive advantage."
The key players are enthusiastically contributing in strategic events that are aimed at upholding strong market position and growing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They outlay strictly on research and development in order to arise with more new technology so that they can maintain and progress their existing market. The market modifications are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- Polytronix (U.S.)
- DMDisplay (Korea)
- Smart Films International (Israel)
- Toppan Printing (Japan)
- Inno Glass (Malaysia)
Report Coverage
The report provides examination and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent expansion analysis are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers nationwide and regional level market size and forecast. The report gives businesses the ability to research new outlook in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 4285.1 Million in 2022 |
Market Size Value By |
US$ 62975.52 Million by 2031 |
Growth Rate |
CAGR of 34.8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the paper-thin displays(PTDs) market expected to touch by 2031?
Paper-thin displays (PTDs) market is expected to touch USD 62975.52 million by 2031.
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What CAGR is the paper-thin displays(PTDs) market expected to exhibit during 2024-2031?
Paper-thin displays (PTDs) market is expected to exhibit a CAGR of 34.8% during 2024-2031.
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What are the driving factors of the Paper-Thin Displays (PTDs) Market?
The increasing demand for thinner, lightweight, and flexible displays and technological advancements in display technology are boosting the growth of the paper-thin displays (PTDs) market.
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Which are the key players or most dominating companies functioning in the Paper-Thin Displays (PTDs) market?
The dominating companies in the Paper-Thin Displays (PTDs) market are Polytronix, DMDisplay, IRISFILM, Smart Films International, Unite Glass, and Inno Glass.
