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Foldable Display Market Trends

  • Report ID: GMI3084
  • Published Date: Aug 2024
  • Report Format: PDF

Foldable Display Market Trends

Foldable displays are expanding beyond smartphones and tablets into new applications, such as automotive dashboards, flexible displays for home appliances, and innovative wearables. This trend reflects the growing versatility of foldable technology and its potential to transform various industries. Additionally, home appliance manufacturers are experimenting with foldable displays for smart home devices that can offer more functionality in a compact form.
 

For instance, in January 2024, LG introduced its next-generation automotive displays, which include slidable, and foldable screens designed to enhance the driving experience. These displays can retract when not in use, providing a cleaner interior aesthetic while maximizing screen real estate when needed.
 

Another key trend is the ongoing improvement in the durability of foldable displays. Early foldable devices faced criticism regarding their longevity and susceptibility to damage, which hindered consumer confidence and adoption. However, manufacturers are increasingly focusing on enhancing the robustness of these displays through advanced materials and engineering techniques. Innovations such as reinforced glass, protective coatings, and better hinge mechanisms are being developed to address durability concerns. These improvements not only enhance the overall user experience by reducing the risk of screen damage but also contribute to greater consumer trust in foldable technology. 
 

For instance, in July 2024, Samsung launched the Galaxy Z Fold6, the latest addition to its foldable smartphone lineup. The Galaxy Z Fold6 boasts the most durable display in the Galaxy Z series, incorporating a new Protect Layer structure that reduces screen creasing. It also utilizes Shear Thickening Fluid (STF) to enhance impact resistance, making the display more resilient to deformation from external pressures.
 

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of foldable display reached USD 5.76 billion in 2023 and is set to register over 24% CAGR between 2024 and 2032, due to innovations in materials and manufacturing processes

The smartphones application segment is likely to witness over 25% CAGR through 2032, as they offer a significant opportunity to enhance user experience through innovative form factors.

Asia Pacific market recorded over 49% share in 2023, owing to the presence of leading technology firms

Samsung Display Co., Ltd, BOE Technology Group Co., Ltd., LG Display Co., Ltd., AUO Corporation, Innolux Corporation, Visionox Technology, Inc., and TCL China Star Optoelectronics Technology Co., Ltd.

Foldable Display Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 367
  • Countries covered: 21
  • Pages: 270
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