The flexible display market is estimated to grow at a CAGR of 33.1% during the forecast period, observes TMR study

The growing use of flexible displays in the consumer electronics industry for smartphones, wearables, laptops and its peripherals is expected to boost the category.

Rising middle class income and consumer adoption of smart gadgets in automobiles to increase enjoyment and safety are prominent reasons that are likely to drive the global market in the near future

ALBANY, NY, June 27, 2022 /PRNewswire/ — The global flexible display market was valued at US$14.9 billion in 2021. The market is expected to expand at a CAGR of 33.1% during the forecast period, 2022 to 2031. The global flexible display market is expected to exceed the valuation of US$242.6 billion by 2031. Flexible displays include characteristics such as thinness, lightness and durability, as well as the flexibility to be bent with precision and used in a variety of smart devices. Flexible display manufacturers and suppliers are also focusing on modern electronic breakthroughs such as miniaturization, organic electronics, and improved materials. In order to diversify their revenue streams, they can take advantage of the additional opportunities of flexible display technologies.

Due to their increasing use in flexible displays, portable electronic devices, smart cards and various other applications, flexible batteries are gaining popularity. A flexible display is also a rapidly growing technology, with flexible display applications in areas such as media, aircraft and transportation. Flexible display research foresees an increasing use of this display technology in medical display systems.

Rising demand for flexible display technologies for a variety of applications such as digital signage, smartphones and tablets, and smart wearable devices is likely to drive the global flexible display market. The growing importance of quantum dot (QD) display technology offers manufacturers new revenue opportunities and is likely to emerge as one of the important types of display technology.

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Key Findings of the Market Report

  • Over the next few years, the market is expected to be driven by the increasing use of flexible displays in different industries such as consumer electronics, automotive and transportation, media and entertainment, aviation and army. The future of flexible display phone design is bright in the development of mobile devices and smart displays is also expected to propel the flexible display market over the forecast period. In addition to this, the global market has been propelled by the increase in spending on the development of sophisticated displays.
  • Due to the increase in the use of curved displays in the consumer electronics sector for the manufacture of televisions and smartphones, the curved display category is expected to hold a major share of the market during the forecast period. A flexible display is basically the same as any other display, except it’s built on a flexible substrate.
  • OLED is a rapidly growing category of the global flexible electronics market in terms of technology. Due to the layer of glass used in the manufacture of the screens, smartphone screens are traditionally rigid. However, the latest OLED-based technology has eliminated the requirement by replacing a thin film of flexible glass with a thin layer of OLED-based technology. The OLED display, which is made up of organic components that generate light when energy is transmitted between them, is now prominent due to its versatility.

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Global Flexible Display Market: Growth Drivers

  • Automakers are focusing on integrating flexible displays into car interiors. Over the next few years, a significantly larger section of a car’s interior surfaces will likely become interactive, and the amount of space given to displays in vehicle interiors is already expanding.
  • By value, the Asia-Pacific region held 34% of the global flexible display market in 2021. The high use of flexible displays in consumer electronics, which accounted for a significant share of overall consumption in 2021. Asia Pacific, was largely responsible for the considerable share. In Asia Pacific, China represented a significant portion of the flexible display business.

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Global Flexible Display Market: Key Players

Some of the major players in the market are

  • Microchip Technology Inc.
  • Koninklijke Philips NV
  • Sony Company
  • Sharp Corporation
  • Japan Display Inc.
  • Delta Electronics, Inc.

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Global Flexible Display Market: Segmentation


  • Curved display
  • Collapsible and collapsible display
  • Roll-up display



  • Smartphone
  • Computer and peripherals
  • Portable devices
  • Television
  • In vehicle display
  • Digital display


  • Automotive and transportation
  • Aeronautics and Defense
  • Media and Entertainment
  • Consumer electronics
  • IT and Telecommunications
  • Sports and fashion

Browse the latest electronics and semiconductor market research reports by TMR:

Fine Pixel Pitch LED Display Market – The Fine Pixel Pitch LED Display Market is expected to reach a value of US$7.5 billion by the end of 2031, grow at a CAGR of 17.4% from 2022 to 2031.

POP Display Market – The POP Display Market is expected to exceed the value of US$979.2 million by the end of 2031, it is estimated to grow at a CAGR of 5.4% from 2022 to 2031

Touch Screen Display Market – The Touch Screen Display Market is Expected to Reach US$121.1 billion by 2027

Display Driver IC Market – Display Driver IC Market is expected to expand at a CAGR of 8.0% over the forecast period and reach a value of US$6,842.2 million by 2027

Industrial Touch Screen Display Market – The Industrial Touch Screen Display Market is expected to reach the value of US$1,462.5 million by 2026, expanding at a significant growth rate of 6.5%.

Quantum Dot (QD) Display Market – The Quantum Dot (QD) Display market was valued at around US$1,176.2 million in 2017 and is expected to record a stable CAGR of over 23%

Flexible OLED Display Market – Flexible OLED Display Market is expected to experience an exponential CAGR of 35% from 2017 to 2026

Head-Mounted Display Market – Global Head-Mounted Display Market is expected to reach US$46,530.7 million by 2027 from US$9,275.4 million in 2019

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