Paper-thin Display Market

Paper-thin Display Market Analysis

The Paper-thin Display Market is expected to register a CAGR of 20.65% during the forecast period.

• The ongoing demand for paper-thin displays iscurrently concentrated on the portable electronic devices sector, primarily for use in smartphones, tablets, and e-readers, among others. The increasing demand for thinner, lightweight, and flexible displays and technological advancements in display technology are boosting the growth of the paper-thin display market.
• The rising trend of miniaturizationis driving the manufacturers to decrease the overall thickness of the displays. This is increasing the interest of several manufacturers to produce paper-thin displays, with changes in materials, design, and fabrication.
• Major vendors in the market, such as Samsung and LG, are primarily focusing on manufacturing flexible OLED displays, which are ultra-thin and can be bent, rolled, and stretched. The need for flexible and thinner displays is more in the consumer electronics sector, including smartphones, tablets, display screens, and various others.
• The market is also expected to witness strong growth during the forecast period, driven by the rapidly increasing adoption of smart wearable devices across various regions. However, the competition with the existing display technologiesis expected to act as a restraint to the market growth.

Paper-thin Display Market Trends

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.

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.

Paper-thin Display Industry Overview

Thepaper-thin display market is highly competitive owing to the presence of various players in the market operating in domestic as well as in the international market. The market appears to be moderately fragmented with the major players adopting strategies like product innovation and mergers and acquisitions. Some of the major players in the market areLG Display Co. Ltd,Samsung Electronics Co. Ltd,AU Optronics Corp., Innolux Corporation among others

• Jan 2020 -Samsung Electronics unveiled its latest lineup ofMicroLED, QLED 8K, and Lifestyle TVsahead of the CES 2020. With the introduction of new display sizes, 8K AI upscaling capabilities, innovative display orientation technology, and more, Samsung showcased its 2020 offerings that can redefine immersion and revolutionize home integration.
• Aug 2019 - LG Display announced the opening of its 8.5thgeneration (2,200mm x 2,500mm) OLED panel production plant in Guangzhou, China, with a production capacity of around10 million large-size OLED panels a year.

Paper-thin Display Market Leaders