New York, United States, July 19, 2022 (GLOBE NEWSWIRE) — The global flexible display market had a market share of USD 13.34 billion in 2019, according to the new report of Straits Research. It is predicted to grow at a CAGR of 34.83% from 2022 to 2030. The global flexible display market is expected to grow owing to the rising innovations in consumer electronics and increased demand for a high-quality picture. Integrating smart sensors into residential devices has lengthened the replacement cycle for new consumer electronics. Displays are increasingly being used to control and communicate with devices.
Aside from that, home appliances such as televisions are undergoing radical transformations. For example, the global demand for new TVs is expected to be solely for smart TVs; as more people access high-speed internet, demand for smart TVs with better picture quality rises.
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Key Highlight:
- The global flexible display is predicted to grow at a CAGR of 34.83% generating a revenue of USD 220.75 Billion by 2030.
- Based on display type, OLED accounted for the largest market share of 73.65% in 2020. The OLED segment is predicted to grow at a CAGR of 35.87%, generating revenue of USD 175.95 billion by 2030.
- Based of application, the smartphone and tablets segment accounted for the largest market share of 70.34% in 2020.
- Based on geography,…
