Sarasota, FL -- (SBWIRE) -- 04/06/2019 -- Zion Market Research has published a new report titled "Flexible OLED Market by Technology (AMOLED and PMOLED), by Application (Smartphones & Tablets, TV, Laptops & Monitors, Wearable, Lighting, and Others), by Panel Size (Up to 7 Inches, Between 7 and 20 Inches, Between 20 and 51 Inches, and More Than 51 Inches), and by End-Use Industry (Consumer Electronics, Automotive, Sports & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025". According to the report, the global flexible OLED market accounted for USD 221 million in 2018 and is expected to reach USD 2,581 million by 2025, with a CAGR of around 42% between 2019 and 2025.

Organic light-emitting diodes or OLED's are manufactured by placing numerous organic thin films (substrates) between two conductors. On applying an electric current between these conductors, light is emitted. Flexible OLEDs are the mostly used OLEDs in the market currently.

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The increasing use of OLED display panels in smartphones is anticipated to fuel the flexible OLED market growth in the future. Major smartphone manufacturers, such as Apple, Samsung, Huawei, Xiaomi, and Sony, manufacture smartphones with OLED displays. It is expected that the global smartphone shipments will reach 1.64 billion units by the end of 2022. Manufacturers are also focusing on introducing flexible smartphones by 2020, which is likely to further drive the flexible OLED market globally in the years ahead. Furthermore, the rising demand for OLED displays in laptops is likely to further drive the flexible OLED market in the years ahead. Major laptop manufacturers, such as HP, Apple, Lenovo, Samsung, and Dell, are using OLED displays. In 2017, Lenovo introduced "X1 Yoga", its first OLED display laptop along with "Lenovo Transform", a rollable laptop comprised of a flexible display.

The global flexible OLED market is divided on the basis of technology, application, panel size, and end-user industry. By technology, the global flexible OLED market is segmented into AMOLED and PMOLED. By application, the global flexible OLED market is segmented into smartphones and tablets, TVs, laptops and monitors, wearables, lighting, and others. Wearables are estimated to hold a significant share of the flexible OLED market over the forecast timeframe, owing to the increasing demand for technically advanced smartwatches and fitness bands. By panel size, this market includes up to 7 inches, between 7 and 20 inches, between 20 and 51 inches, and more than 51 inches. Between 7 and 20 inches segment is expected to grow notably in the future, owing to the rising demand for automotive displays. Consumer electronics, automotive, sports and entertainment, and others comprise the end-use industry segment of the global flexible OLED market.

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By region, Asia Pacific is projected to hold a significant share of the global flexible OLED market in the future. This share can be attributed to the rising demand for technically advanced consumer electronics products and the presence of key market players, such as LG Display Co. Ltd., Samsung Electronics Co. Ltd., and Panasonic Corporation, in the region. The Latin American region is anticipated to make a substantial contribution to the global flexible OLED market over the estimated time period, owing to the increasing demand for laptops. Increasing usage of OLEDs in vehicles is likely to drive the European flexible OLED market in the years ahead.

Some noticeable players of the global flexible OLED market include OSRAM GmbH, LG Display Co., Ltd., Panasonic Corporation, Samsung Electronics Co., Ltd., AU Optronics, BOE Technology, Universal Display Corporation, Pioneer OLED, Konica Minolta, and Acuity Brands, among others.

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This report segments the global flexible OLED market into:

Global Flexible OLED Market: Technology Analysis

AMOLED
PMOLED

Global Flexible OLED Market: Application Analysis

Smartphones and Tablets
TVs
Laptops and Monitors
Wearables
Lighting
Others

Global Flexible OLED Market: Panel Size Analysis

Up to 7 Inches
Between 7 and 20 Inches
Between 20 and 51 Inches
More Than 51 Inches

Global Flexible OLED Market: End-Use Industry Analysis

Consumer Electronics
Automotive
Sports and Entertainment
Others

Global Flexible OLED Market: Regional Analysis

The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa