Display Industry Sees Growth in Flexible OLED Technology
2023-06-08
Display Industry Sees Growth in Flexible OLED Technology The display industry has seen a surge in demand for flexible OLED technology, with more manufacturers investing in research and development to produce these innovative displays. Flexible OLEDs offer a range of benefits over traditional displays, including flexibility, durability, and energy efficiency. 
According to a recent report by MarketsandMarkets, the flexible OLED market is expected to grow from $2.7 billion in 2020 to $12.6 billion by 2025, at a compound annual growth rate (CAGR) of 36.7%. This growth is attributed to the increasing demand for flexible displays in smartphones, wearables, and other electronic devices. Samsung, LG, and BOE are among the leading manufacturers of flexible OLED displays, with Samsung dominating the market with its Galaxy Fold and Galaxy Z Flip smartphones. LG has also made significant strides in the flexible display market, with the launch of its LG Wing smartphone featuring a unique swivel design. In addition to smartphones, flexible OLED displays are also being used in the automotive industry, with manufacturers such as Audi and Mercedes-Benz incorporating these displays into their vehicles' dashboards and infotainment systems. 
As the demand for flexible OLED displays continues to grow, manufacturers are expected to invest more in research and development to improve the technology and expand its applications. This trend is expected to drive the growth of the display industry in the coming years.
