Market Trends of Paper-thin Display Industry
This section covers the major market trends shaping the Paper-thin Display Market according to our research experts:
Smartphones and Tablets to Witness Significant Growth
- The smartphone and tablet segment is expected to witness significant growth during the forecast period primarily owing to the demand for the paper-thin display that is rising in the smartphone market as these displays consume comparatively less energy and provide high specification display.
- Vendors in the market are currently investing in R&D and patenting their technology. For instance, LG Electronics in 2018, successfully patented its trifold smartphone design with the World Intellectual Property Organization.
- Moreover, Royole Corp, a prominent player in the advanced flexible displays showcased its fully flexible display at the IFA 2018 consumer electronics show in Berlin. The company's patented flexible displays are lightweight, thin, and bendable, that creates unique functionality and new applications. The thickness of the display is approximately one-fifth of the diameter of the human hair, and when it bends, its radius is less than 1 mm, which is even thinner than a pen refill.
- With an increase in smartphone adoption, globally, the demand for high definition thin, flexible, and ultra-high displays is rapidly increasing as well.
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Asia Pacific is Expected to Witness Highest Growth
- The Asia-Pacific region is expected to register the highest growth in the display technology and is expected to occupy a significant share of the market over the forecast period. The region within the last decade has witnessed many technological advancements and high adoption of display technologies.
- The market in this region is driven by the rapidly increasing number of consumer electronics manufacturers and manufacturing facilities in several of its emerging economies. The increasing focus of vendors towards the flexible and thin displays primarily owing to the benefits they offer against traditional displays has increased the investments for this technology in this region.
- Most of the leading manufacturers of display technologies, such as Samsung Electronics, Panasonic Corporation, LG Display, and Sony Corporation, among others, have manufacturing units and are headquartered in the Asia-Pacific region.
- Moreover, High demand for portable electronic displays along with the rising disposable incomes of consumers in developing countries of the Asia-Pacific region such as China, India among others has helped to improve the market.
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