ENGLEWOOD, Colo. (July 5, 2016) – As the popularity and penetration of wearable and mobile devices increase, so too will demand for innovative flexible displays. In fact, revenue from flexible displays is expected to increase more than 300 percent, from just $3.7 billion in 2016 to $15.5 billion in 2022. Flexible displays will comprise 13 percent of total display market revenue in 2020, according to IHS Inc. (NYSE: IHS), the leading global source of critical informational and insight.
Samsung Electronics and LG Electronics launched the first smartphones with flexible active-matrix organic light-emitting diode (AMOLED) displays in 2013, and both companies continue to adapt flexible AMOLED displays for their smartphones, smartwatches and fitness trackers. Inspired by these successes, other mobile manufacturers are now developing their own flexible-display devices.
“The varieties of flexible displays include screens that are bendable, curved and edge-curved, but fully foldable form factors are expected within the next two years,” said Jerry Kang, principal analyst of display research for IHS Technology. “Only a few suppliers — including Samsung Display, LG Display, E-ink and Futaba — are now regularly supplying flexible displays to the market. However, many more panel makers are now attempting to build flexible display capacity, leveraging the latest AMOLED display technology.”
According to the IHS Flexible Display Market Tracker, flexible displays are primarily used in smartphones and smartwatches in 2016; however, use in other applications, including tablet PCs, near-eye virtual reality devices, automotive monitors and OLED TVs is expected by 2022. “Consumer device manufacturers will eventually need to innovate their conventionally designed flat, rectangular form-factors to make way for the latest curved, foldable and rollable screens,” Kang said.
The semi-annual IHS Flexible Display Market Tracker covers the latest flexible display market forecast and panel manufacturers’ strategies, technologies and patent trends. For information about purchasing this report, contact the sales department at IHS in the Americas at (844) 301-7334 or AmericasLeads@ihs.com; in Europe, Middle East and Africa (EMEA) at +44 1344 328 300 or email@example.com; or Asia-Pacific (APAC) at +604 291 3600 or technology_APAC@ihs.com.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of insight, analytics and expertise in critical areas that shape today’s business landscape. Businesses and governments in more than 140 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs nearly 9,000 people in 33 countries around the world.
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