Foldable Display Market Introduction 

Foldable displays are a type of screen technology that allows a display to be folded or bent without damage, allowing for more compact and flexible electronic devices. The foldable display technology has gained significant attention in recent years due to its potential to revolutionize the way we use smartphones, tablets, laptops, and other devices.The foldable display market is expected to grow significantly in the coming years, driven by the increasing demand for flexible electronic devices and the growing popularity of foldable smartphones. This market includes various types of foldable displays, including OLED, AMOLED, and LCD, among others.The foldable display technology is being adopted in a wide range of industries, including consumer electronics, healthcare, automotive, and aerospace, among others. The technology has the potential to offer new opportunities for innovation and growth, and is expected to transform the way we interact with our devices.

Foldable Display Market Size

The global foldable display market size was valued at USD 3.6 billion in 2020 and is expected to reach USD 16.8 billion by 2027, growing at a CAGR of 24.2% from 2021 to 2027.The growing demand for flexible and portable electronic devices, increasing adoption of foldable display technology in the smartphone industry, and the development of new applications and use cases for foldable displays are expected to drive the growth of the foldable display market in the coming years.North America is expected to be the largest market for foldable displays, followed by Asia-Pacific and Europe. The high adoption rate of new technologies and the presence of major players in the region are expected to drive the growth of the foldable display market in North America.In Asia-Pacific, the growing demand for smartphones and other electronic devices, along with the increasing popularity of foldable smartphones, is expected to drive the growth of the foldable display market. Europe is also expected to see significant growth in the foldable display market, driven by the increasing adoption of foldable displays in the automotive and healthcare industries.

Overall, the foldable display market is expected to continue to grow at a rapid pace in the coming years, driven by the increasing demand for flexible and portable electronic devices and the development of new applications and use cases for foldable displays.

Foldable Display Market Share

The global foldable display market is highly competitive, with a few key players dominating the market share. Some of the major players in the foldable display market include Samsung Display, LG Display, BOE Technology Group, Royole Corporation, and Visionox.Samsung Display held the largest market share in the foldable display market in 2020, accounting for approximately 73% of the market share. This was primarily due to Samsung's early entry into the foldable smartphone market and its strong presence in the display industry.LG Display was the second-largest player in the foldable display market in 2020, with a market share of approximately 10%. The company has also been investing heavily in the development of foldable display technology and has introduced several foldable display products in recent years.Other players in the foldable display market, including BOE Technology Group, Royole Corporation, and Visionox, also hold significant market share, with each accounting for approximately 3-5% of the market share in 2020.

Overall, the foldable display market is highly competitive, with key players competing on the basis of product innovation, quality, and pricing strategies to maintain and expand their market share.

Foldable Display Market Trends

Here are some of the key trends in the foldable display market:

Increasing adoption of foldable displays in the smartphone industry: Foldable smartphones have gained significant popularity in recent years, with major smartphone manufacturers such as Samsung, Huawei, and Motorola launching foldable smartphones. This trend is expected to continue in the coming years, with more smartphone manufacturers adopting foldable display technology.

Growing demand for flexible and portable electronic devices: The demand for flexible and portable electronic devices, such as foldable smartphones, tablets, and laptops, is increasing rapidly. Foldable displays offer a unique opportunity to create such devices, and this trend is expected to continue to drive the growth of the foldable display market.

Development of new applications and use cases for foldable displays: Foldable display technology has the potential to be used in a wide range of industries and applications, including healthcare, automotive, and aerospace. As new applications and use cases are developed, the demand for foldable displays is expected to increase.

Increasing investment in research and development: Major players in the foldable display market are investing heavily in research and development to improve the technology and bring down the costs of production. This is expected to lead to further advancements in foldable display technology and lower prices for consumers.

Emergence of new players in the market: While Samsung and LG currently dominate the foldable display market, several new players are emerging in the market. These include Chinese display manufacturers such as BOE Technology Group, which are investing heavily in foldable display technology and are expected to become major players in the market in the coming years.

Foldable Display Market Driving factors

Here are some of the key driving factors behind the growth of the foldable display market:

Increasing demand for high-quality displays: Consumers are increasingly demanding high-quality displays that offer better resolution, color accuracy, and brightness. Foldable displays are able to offer a superior viewing experience compared to traditional displays, which is driving their adoption in the market.

Growing demand for portable devices: As more people use their smartphones and tablets for work and entertainment, there is a growing demand for devices that are portable and easy to carry around. Foldable displays offer a solution to this problem, as they enable manufacturers to create devices that are both compact and easy to use.

Technological advancements in the display industry: The display industry has seen significant advancements in recent years, with new technologies such as OLED and flexible displays becoming more widely available. These advancements have enabled the development of foldable display technology, which is now being used in a wide range of applications.

Increasing investment in research and development: Major players in the foldable display market are investing heavily in research and development to improve the technology and bring down the costs of production. This is expected to lead to further advancements in foldable display technology and lower prices for consumers.

Rising disposable income and consumer spending: As disposable incomes rise and consumer spending increases, more people are able to afford high-end devices such as foldable smartphones and tablets. This is expected to drive the demand for foldable displays in the market.

Foldable Display Market Regional Analysis

The foldable display market is a rapidly growing industry that is expected to see significant growth over the coming years. Regional analysis of the foldable display market can help provide insight into the current state and future growth potential of this market in various regions around the world.

North America:

North America is a major market for foldable displays due to the presence of many leading manufacturers and high-tech companies. The increasing demand for smartphones and tablets with larger screens, along with the growing adoption of foldable displays in the gaming and automotive sectors, is expected to drive market growth in this region.

Europe:

Europe is another significant market for foldable displays, with countries such as Germany, France, and the UK leading the way in terms of research and development activities. The increasing demand for advanced display technologies in various industries, such as automotive and healthcare, is expected to drive market growth in Europe.

Asia Pacific:

The Asia Pacific region is expected to witness the fastest growth in the foldable display market, driven by the increasing adoption of smartphones and tablets, especially in countries like China, Japan, and South Korea. The region is also home to many leading manufacturers of foldable displays, making it a key player in the global market.

Middle East and Africa:

The Middle East and Africa region is expected to see significant growth in the foldable display market due to the increasing adoption of smartphones and tablets, particularly in countries like Saudi Arabia and South Africa. The growing demand for foldable displays in the gaming and automotive sectors is also expected to drive market growth in this region.

Latin America:

Latin America is a growing market for foldable displays, with countries such as Brazil and Mexico leading the way in terms of market growth. The increasing adoption of smartphones and tablets, along with the growing demand for advanced display technologies in various industries, is expected to drive market growth in this region.In conclusion, the foldable display market is expected to see significant growth in various regions around the world, driven by the increasing adoption of smartphones and tablets, as well as the growing demand for advanced display technologies in various industries. Regional analysis can help provide insights into the current state and future growth potential of this market in different regions.

Foldable Display Market Forecasts 2030 

The foldable display market is expected to grow significantly over the next decade. By 2030, the market size for foldable displays is expected to reach USD 20.2 billion, growing at a CAGR of 47.8% from 2021 to 2030.The growth of the market can be attributed to the increasing demand for smartphones, tablets, and other electronic devices with larger and more flexible screens. The rise in demand for foldable displays in various industries, such as automotive, healthcare, and gaming, is also expected to contribute to market growth.The smartphone segment is expected to dominate the foldable display market during the forecast period, due to the increasing demand for foldable smartphones with larger screens. However, the automotive and gaming segments are expected to witness significant growth during the forecast period, driven by the growing adoption of foldable displays in these industries.Geographically, Asia Pacific is expected to dominate the foldable display market during the forecast period, due to the presence of many leading manufacturers and high-tech companies in the region, as well as the increasing demand for smartphones and tablets. North America and Europe are also expected to see significant growth during the forecast period, driven by the growing demand for advanced display technologies in various industries.In conclusion, the foldable display market is expected to witness significant growth over the next decade, driven by the increasing demand for larger and more flexible screens in various industries. The growth of the market is expected to be dominated by the smartphone segment, with significant contributions from the automotive and gaming segments. Asia Pacific is expected to be the dominant market during the forecast period, followed by North America and Europe.

Foldable Display Market Key Industry Players

The foldable display market is a rapidly growing industry, with many players entering the market to meet the increasing demand for foldable displays. Some of the key industry players in the foldable display market include:

Samsung Display Co., Ltd.

BOE Technology Group Co., Ltd.

LG Display Co., Ltd.

Visionox Co., Ltd.

Royole Corporation

Tianma Microelectronics Co., Ltd.

AU Optronics Corp.

CSoT Corporation

Innolux Corporation

Corning Incorporated

Samsung Display Co., Ltd. is the market leader in the foldable display market, with its innovative foldable smartphone series, including the Galaxy Fold and Galaxy Z Flip, which have received a positive response from consumers.

BOE Technology Group Co., Ltd. is another major player in the foldable display market, with a wide range of foldable display products for smartphones, tablets, and laptops.

LG Display Co., Ltd. is also a significant player in the foldable display market, with its foldable OLED display technology used in several smartphones and other electronic devices.

Other key players in the foldable display market include Visionox Co., Ltd., Royole Corporation, Tianma Microelectronics Co., Ltd., AU Optronics Corp., CSoT Corporation, Innolux Corporation, and Corning Incorporated.

In conclusion, the foldable display market is a competitive industry with many key players vying for a share of the market. Samsung Display Co., Ltd., BOE Technology Group Co., Ltd., and LG Display Co., Ltd. are the leading players in the market, with a range of innovative foldable display products. Other players in the market include Visionox Co., Ltd., Royole Corporation, Tianma Microelectronics Co., Ltd., AU Optronics Corp., CSoT Corporation, Innolux Corporation, and Corning Incorporated, among others.