Zion Market Research, the market research group announced the analysis report titled ‘Flexible OLED Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Flexible OLED Market: Overview
Flexible OLED stands for a flexible organic light emitting diode. Flexible OLEDs are manufactured on flexible substrates and works on the same. These flexible OLEDs are more flexible, lighter, and thinner as compared to conventional glass-based displays. Flexible OLEDs are generally seen in Apple Watch or Samsung Galaxy S7 Edge. They accommodate thin films of organic semiconductors of thickness about 100 nanometers, emitting light. Flexible OLEDs use a flexible plastic as the substrate, which is made up of polyethylene terephthalate (PET). For instance, Apple is launching ”Revolutionary” iPad with flexible OLED display in 2018. The design will come up with radical changes along with flexible AMOLED panel. This is anticipated to increase the overall sale of Apple.
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Global Flexible OLED Market: Segmentation
The global flexible OLED market is segmented on the basis of materials used as amorphous and solution-castable amorphous flexible OLEDs, and crystalline flexible OLEDs. The crystalline flexible OLEDs segment is further sub-segmented as poly-ether-ether-ketone (PEEK), PET, and polyethylene naphthoate (PEN). Amorphous and solution-castable amorphous segment is further sub-segmented as polyethersulphone and polycarbonate. Based on the technology, the flexible OLED market is bifurcated as AM-OLED, SM-OLED, PM OLED, PH OLED, and P-OLED. On the basis of application, the global market is divided as micro-displays, mobile phones, televisions, tablets and notebooks, automotive and aerospace, industrial, wearable electronics, and others. The automotive and aerospace application segment is the leading segment in the global market.
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Global Flexible OLED Market: Growth Factors
Technological advancement is the major driving factor of the global flexible OLED market. Moreover, rising disposal income and growing electronics industries are also impacting the global market growth in a positive way. Changing customer preferences for electronic products with new technology is expected to boost the flexible OLED market in the near future. Huge investment in research and development (R&D) by many companies in order to improve the production is also anticipated to impact the global market in a positive way. Conversely, the device may lose its brightness owing to pressure on organic layers. This is expected to restrain the flexible OLED market growth to some extent. Furthermore, encapsulation is also the biggest challenge before the flexible OLED market.
Global Flexible OLED Market: Regional Analysis
North America is the dominating region for flexible OLED market owing to rise in the global sale. Europe is another emerging market for the flexible OLED mainly owing to developing electronics network. In addition, Asia Pacific shows a significant growth in the flexible OLED market due to the skilled workforce and rising talent.
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Global Flexible OLED Market: Competitive Players
Some of the key players in the flexible OLED market are Plastic Logic, Inc., Sony Corporation, Atmel Corporation, Corning, Inc., Delta Electronics, Delta Electronics, Inc., Hewlett-Packard Company, Dupont Display, Philips Electronics, and Nokia.