Foldable Display Market by Technology (OLED, Direct-view LED), Panel Size (Up to 20", Above 20"), Application (Smartphones, Laptops and Tablets, Large Format Displays and Digital Signage), Material, Resolution, Type and Region - Global Forecast to 2029
TCL CHINA STAR OPTOELECTRONICS TECHNOLOGY CO., LTD.
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ROYOLE CORPORATION
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HUAWEI TECHNOLOGIES CO., LTD.
MOTOROLA MOBILITY LLC
HONOR DEVICE CO., LTD.
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TECNO MOBILE
VIVO MOBILE COMMUNICATION CO., LTD.
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VIEWSONIC CORPORATION
ASUSTEK COMPUTER INC.
E INK HOLDINGS INC.
ONEPLUS
CORNING INCORPORATED
ONUMEN TECHNOLOGY CO., LTD.
3M
SCHOTT GROUP
APPLIED MATERIALS, INC.
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The foldable display market is projected to reach USD 13.2 billion by 2029 from USD 4.6 billion in 2024, at a CAGR of 23.6% from 2024 to 2029. The major factors driving the market growth of the foldable display market include the rising demand for large screen in smartphones, impact of 5G rollout, increasing interest in consumer innovations and multifunctional devices, and expansion of applications areas. Moreover, technological advancement and emerging applications in foldable displays is expected to provide several growth opportunities for market players in the foldable display market.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Technology, Panel Size, Application, Material, Resolution, Type and Region
Regions covered
North America, Europe, APAC, RoW
Smartphone application are anticipated to dominate the market share of the foldable display market during the forecast period
The consumer preference for larger screens in smartphones is evident in the increasing popularity of this device without compromising on portability. Improvements to the technologies of both display materials and hinge mechanisms increase durability and reliability, making foldable screens more interesting for consumers. Starting from multitasking to media consumption, laptops and tablets are fitted with foldable displays for multiple scenarios. Unlike large format displays and digital signage, foldable technology can bring an immersive and customized view, perfect for public spaces, retail environments, and advertising applications. Thus, this transformative ability through the offer of unrivaled flexibility and functionality acts as a major fuel in the adoption foldable displays in smartphone applications.
Panels sized above 20 inches are projected to experience the highest CAGR in the foldable display market during the forecast period.
Applications of foldable displays greater than 20 inches are going ahead in large-scale environments like monitors, televisions, and digital signage. The need or demand of a larger foldable display currently basically relies on the fact that all these sectors, from home entertainment to corporate setups, and commercial displays, require such devices for compact area management. These displays could convert into manageable storage format from their large interactive figure, thus providing more productivity and efficiency to the meeting environments. Foldable digital signage is a dynamic advertising solution applied to retail and public spaces because it can be adapted to numerous promotional campaigns or spatial constraints. The foldable or rollable nature of such displays makes it easy to install and maintain them for a smooth advertising experience. Improvements in manufacturing and materials are also driving adoption of larger foldable display sizes for different end-use industries.
North America is expected to grow at the second highest CAGR during the forecast period.
North America is one of the major markets in terms of foldable displays due to the presence of a strong consumer class with a huge demand for advanced technology and large disposable incomes. The presence of tech giants and a technologically savvy consumer base, this accelerates the adoption in foldable devices of smartphones, laptops, and tablets, thereby adding consistent growth to the foldable display industry through increased demand for high-resolution AMOLED and POLED screens. Besides, the regulatory bodies ensure safety and efficiency of the products, thereby rising in demand. Some of the companies operating in the North American foldable display market are Alphabet, Inc. (US), ViewSonic Corporation (US), and Motorola Mobility LLC (US), which continue dominating the industry through in-house production of quality foldable devices.
The break-up of profile of primary participants in the foldable display market-
By Company Type: Tier 1 - 10%, Tier 2 - 20%, Tier 3 - 70%
By Designation Type: C Level - 40%, Director Level - 30%, Others - 30%
By Region Type: North America - 30%, : Asia Pacific - 40%, Europe - 20%, Rest of the World (RoW) - 10%
The major players of foldable display market are Samsung Electronics Co., Ltd. (South Korea), BOE Technology Group Co., Ltd. (China), Visionox Company (China), Royole Corporation (China), and TCL China Star Optoelectronics Co., Ltd. (China), among others.
Research Coverage
The report segments the foldable display market and forecasts its size based on technology, panel size, application, material, resolution, type, and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall foldable display market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
Analysis of key drivers (rising demand for large screens in smartphones, impact of 5G rollout, increasing consumer interest in innovations and multifunctional devices, and expansion of applications areas), restraints (high production costs of foldable displays, and long-term durability and reliability), opportunities (emerging applications in foldable displays, and advancements in technology), and challenges (design and engineering complexities, and limited use of foldable displays) influencing the growth of the foldable display market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the foldable display market.
Market Development: Comprehensive information about lucrative markets - the report analyses the foldable display market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the foldable display market
Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like Samsung Electronics Co., Ltd. (South Korea), BOE Technology Group Co., Ltd. (China), Visionox Company (China), Royole Corporation (China), and TCL China Star Optoelectronics Co., Ltd. (China).
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 MARKETS COVERED AND REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary participants
2.1.2.2 Breakdown of primary interviews
2.1.2.3 Key data from primary sources
2.1.2.4 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis
2.3 FACTOR ANALYSIS
2.3.1 DEMAND-SIDE ANALYSIS
2.3.2 SUPPLY-SIDE ANALYSIS
2.3.3 FORECAST ASSUMPTIONS
2.4 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FOLDABLE DISPLAY MARKET
4.2 FOLDABLE DISPLAY MARKET, BY TECHNOLOGY
4.3 FOLDABLE DISPLAY MARKET, BY APPLICATION
4.4 FOLDABLE DISPLAY MARKET, BY PANEL SIZE
4.5 FOLDABLE DISPLAY MARKET, BY REGION
4.6 FOLDABLE DISPLAY MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Consumer preference for smartphones with larger screens
5.2.1.2 Widespread rollout of 5G networks
5.2.1.3 High adoption of innovative and multifunctional devices by consumers
5.2.1.4 Revolutionizing industries by extending foldable displays beyond smartphones
5.2.2 RESTRAINTS
5.2.2.1 High production costs and poor yields
5.2.2.2 Longevity and reliability issues
5.2.3 OPPORTUNITIES
5.2.3.1 Growing demand for gaming, healthcare, and education applications
5.2.3.2 Enhancing quality through advanced technologies
5.2.4 CHALLENGES
5.2.4.1 Complexities associated with display designing and fabrication
5.2.4.2 Limited use of foldable displays
5.3 SUPPLY CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
5.5 INVESTMENT AND FUNDING SCENARIO
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 AMOLED
5.7.2 COMPLEMENTARY TECHNOLOGIES
5.7.2.1 5G
5.7.3 ADJACENT TECHNOLOGIES
5.7.3.1 Wearables
5.8 PRICING ANALYSIS
5.8.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TECHNOLOGY
5.8.2 AVERAGE SELLING PRICE TREND, BY REGION
5.9 PORTER'S FIVE FORCES ANALYSIS
5.9.1 THREAT OF NEW ENTRANTS
5.9.2 THREAT OF SUBSTITUTES
5.9.3 BARGAINING POWER OF SUPPLIERS
5.9.4 BARGAINING POWER OF BUYERS
5.9.5 INTENSITY OF COMPETITIVE RIVALRY
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.10.2 BUYING CRITERIA
5.11 CASE STUDY ANALYSIS
5.11.1 SAMSUNG'S CAMPAIGN TO REIGNITE SMARTPHONE SALES WITH GALAXY FOLD 5G
5.11.2 UNIFIED INFOTECH STRATEGIES TO OVERCOME DESIGN AND FUNCTIONAL CHALLENGES
5.11.3 OWENS REVOLUTIONIZES FLEXIBLE OLED DISPLAY PRODUCTION THROUGH INNOVATIVE ENGINEERING AND PARTNERSHIP
5.12 TRADE ANALYSIS
5.12.1 IMPORT SCENARIO (HS CODE 8524)
5.12.2 EXPORT SCENARIO (HS CODE 8524)
5.13 PATENT ANALYSIS
5.14 REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS
5.14.3 REGULATIONS
5.15 KEY CONFERENCES AND EVENTS, 2024-2025
5.16 IMPACT OF AI/GEN AI ON FOLDABLE DISPLAY MARKET
6 MATERIALS USED IN FOLDABLE DISPLAYS
6.1 INTRODUCTION
6.2 GLASS
6.3 METAL
6.4 PLASTIC
6.5 OTHER MATERIALS
7 DISPLAY RESOLUTION FOR FOLDABLE SCREENS
7.1 INTRODUCTION
7.2 LESS THAN HD
7.3 HD
7.4 MORE THAN HD
8 TYPES OF FLEXIBLE DISPLAYS
8.1 INTRODUCTION
8.2 CURVED DISPLAY
8.3 BENDABLE DISPLAY
8.4 ROLLABLE DISPLAY
9 FOLDABLE DISPLAY MARKET, BY TECHNOLOGY
9.1 INTRODUCTION
9.2 OLED
9.2.1 CONTINUOUS INVESTMENTS IN RESEARCH & DEVELOPMENT TO SUPPORT MARKET GROWTH
9.3 OTHER TECHNOLOGIES
9.3.1 MICRO-LED
9.3.1.1 Overcoming manufacturing challenges and improving display durability to fuel market
9.3.2 DIRECT-VIEW LED
9.3.2.1 Increasing need for high-performance and large-format displays to spike demand
10 FOLDABLE DISPLAY MARKET, BY PANEL SIZE
10.1 INTRODUCTION
10.2 UP TO 20 INCHES
10.2.1 UP TO 8 INCHES
10.2.1.1 Improved functionality and user experience to foster market growth
10.2.2 8 - 20 INCHES
10.2.2.1 Surging demand for bigger workspaces and devices with flexible screens to drive segmental growth
10.3 ABOVE 20 INCHES
10.3.1 VERSATILE SOLUTIONS FOR OFFICES, PUBLIC SPACES, AND HOME ENTERTAINMENT TO SPUR DEMAND
11 FOLDABLE DISPLAY MARKET, BY APPLICATION
11.1 INTRODUCTION
11.2 SMARTPHONES
11.2.1 ENHANCED VERSATILITY AND MULTITASKING TO FOSTER MARKET GROWTH
11.3 LAPTOPS AND TABLETS
11.3.1 RISE OF REMOTE WORKING TRENDS, FLEXIBLE WORK ARRANGEMENTS, AND TELECOMMUTING TO SPUR DEMAND
11.4 DIGITAL SIGNAGE AND OTHER LARGE DISPLAY DEVICES
11.4.1 DYNAMIC AND ADAPTABLE INSTALLATION OPTIONS TO FUEL MARKET GROWTH
12 FOLDABLE DISPLAY MARKET, BY REGION
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
12.2.2 US
12.2.2.1 Increasing demand for video streaming services with rising number of online gamers to accelerate market growth
12.2.3 CANADA
12.2.3.1 Digitally literate population and high standard of living to create growth opportunities
12.2.4 MEXICO
12.2.4.1 Growing inclination of youth toward adoption of innovative technology to boost demand
12.3 EUROPE
12.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
12.3.2 UK
12.3.2.1 Widespread availability of premium electronics due to strong retail infrastructure to support market growth
12.3.3 GERMANY
12.3.3.1 Significant presence of manufacturers and suppliers of key components and materials to foster market growth
12.3.4 FRANCE
12.3.4.1 Robust retail network to contribute to market growth
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
12.4.2 CHINA
12.4.2.1 Advanced manufacturing capabilities and supportive environment for innovation to accelerate market
12.4.3 JAPAN
12.4.3.1 Constant innovations in display technologies and robust consumer base to augment market growth
12.4.4 SOUTH KOREA
12.4.4.1 Constant advancements in display technology by giant companies to create opportunities
12.4.5 REST OF ASIA PACIFIC
12.5 ROW
12.5.1 MACROECONOMIC OUTLOOK FOR ROW
12.5.2 MIDDLE EAST & AFRICA
12.5.2.1 Increasing demand for versatile and advanced electronic devices from educational institutions to drive market
12.5.2.2 Gulf cooperation council (GCC)
12.5.2.3 Rest of Middle East & Africa
12.5.3 SOUTH AMERICA
12.5.3.1 Growing middle-class and tech-savvy youth to boost demand
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019-2024
13.3 MARKET SHARE ANALYSIS, 2023
13.4 REVENUE ANALYSIS, 2019-2023
13.5 COMPANY VALUATION AND FINANCIAL METRICS
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
13.6.1 STARS
13.6.2 EMERGING LEADERS
13.6.3 PERVASIVE PLAYERS
13.6.4 PARTICIPANTS
13.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
13.6.5.1 Company footprint
13.6.5.2 Technology footprint
13.6.5.3 Panel size footprint
13.6.5.4 Application footprint
13.6.5.5 Region footprint
13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023