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Samsung Display Co., Ltd and BOE Technology Group Co., Ltd. hold a significant share of over 20% in the market. Samsung Display Co., Ltd. leads the market, benefiting from its early entry and pioneering role in foldable OLED technology. The company's strong brand reputation, coupled with continuous innovation in display technology, solidifies its dominant position.
BOE Technology Group Co., Ltd. and LG Display Co., Ltd. are also significant players, with BOE making rapid strides in expanding its foldable display portfolio, particularly in the Chinese market, and LG focusing on leveraging its expertise in flexible displays to cater to both consumer electronics and automotive industries.
Other notable competitors, such as AUO Corporation, Innolux Corporation, and Visionox Technology, Inc., are actively enhancing their R&D efforts to develop advanced foldable displays, aiming to increase their market presence. These companies are focusing on improving durability, reducing costs, and exploring new applications for foldable technology to differentiate themselves in the market. TCL China Star Optoelectronics Technology Co., Ltd. is also emerging as a strong contender, capitalizing on its robust production capabilities and aggressive expansion strategies to gain a foothold in the market.
Major players operating in the foldable display industry are: