Newark, Aug. 08, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global flexible display market is expected to grow from USD 11.54 billion in 2021 to USD 88.04 billion by 2030, at a CAGR of 25.33% during the forecast period 2022-2030.
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With new companies with better smartphones and improved features, each player’s market share in the highly segmented smartphone market is dwindling. Because of the accelerated pace of innovation, the product life cycle of smartphones is also shortening, allowing market players to release improved versions of smartphones within months. Industry participants are investing resources in research and development of improved technologies that can improve their products to retain and extend their consumer base in the smartphone market. Flexible display technology is an example of an energy-efficient and attractive technology, as well as lightweight, resilient, bendable, and rugged. Flexible displays allow manufacturers to create a wide range of electronic products previously impossible to achieve with rigid flat-screen technology. The global market will be driven by the growing use of flexible displays in smartphones. The ever-increasing need for wearable smart devices to track a person’s health would give market players significant opportunities to adopt flexible display technology in the wearable devices category….
