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Flexible Display Market Size to Grow USD 28130 Million by 2030 at a CAGR of 27.9% | Valuates Reports

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BANGALORE, India, July 8, 2024 /PRNewswire/ — Flexible Display Market is Segmented by Type (Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Electronic Paper Display (EPD)), by Application (Smartphone, Tablet, Laptop, Smartcard, TV, Wearable Display): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Flexible Display Market was valued at USD 4882 million in 2023 and is anticipated to reach USD 28130 million by 2030, witnessing a CAGR of 27.9% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Flexible Display Market:

The market for flexible displays is expanding quickly as a result of developments in display technology and rising consumer desire for creative and adaptable electronics. Compared to conventional rigid displays, flexible displays—which can be twisted, rolled, or folded—offer a number of benefits, such as increased durability and new design options. Their use in smartphones, wearable technology, televisions, and other consumer electronics has increased as a result. The market is further driven by consumers’ increasing inclination for small, stylish gadgets and by major industry players’ ongoing expenditures in R&D to enhance the functionality and productivity of flexible displays.

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TRENDS INFLUENCING THE GROWTH OF THE FLEXIBLE DISPLAY MARKET

The market for flexible displays is expanding at a substantial rate because of Organic Light Emitting Diode (OLED) technology, especially in the smartphone and tablet segments. When compared to typical LCD displays, OLED displays are preferred due to its greater image quality, which includes higher contrast ratios, faster reaction times, and better color accuracy. Their small, light weight, and flexibility enable the creation of cutting-edge gadget designs, such curved and folding screens, which are becoming more and more well-liked by users. Since OLED technology satisfies customer desire for svelte, highly functional, and aesthetically beautiful gadgets, its adoption by top manufacturers in flagship smartphones and high-end tablets is driving market expansion.

The flexible display industry is expanding at a substantial rate thanks to the usage of flexible screens in wearable technology. The development of lightweight, robust, and flexible screens that can follow the curves of the human body has been made possible by flexible OLED and e-paper technologies, which improves the wearable devices’ use and comfort. These displays may be easily integrated into a variety of form factors, such as smartwatches, fitness trackers, and medical monitors. They also have excellent image quality and low battery consumption. Flexible display usage is speeding up and the market is developing as a result of customer desire for wearable technology that is both innovative and visually beautiful, as well as the increased emphasis on health and fitness monitoring.

Another important element propelling market expansion is the deployment of flexible displays by the automobile industry. Advanced infotainment, dashboard, and head-up display systems are becoming more and more common in modern cars. Flexible screens provide automakers the chance to create creative, curved, and ergonomic interfaces that improve the look and feel of their vehicles. Flexible displays are in high demand as a result of the rising trend towards connected and autonomous vehicles. These displays offer adaptable and aesthetically pleasing ways to integrate cutting-edge technologies into the interior of automobiles.

The market for flexible displays is being greatly impacted by the growing popularity of foldable smartphones. Leading smartphone makers are introducing foldable versions that provide bigger screens in smaller form factors by utilizing flexible display technology. Customers looking for rich viewing experiences and multitasking capabilities may find these devices appealing. Flexible display demand is being driven by the creative design and improved functionality of foldable smartphones, which are generating consumer attention and acceptance. The rivalry grows as more companies join the foldable smartphone space, which accelerates the development of flexible display technology.

The rising demand for foldable smartphones is having a significant effect on the flexible display business. Prominent manufacturers of smartphones are releasing foldable models that use flexible display technology to give larger screens in smaller form factors. These gadgets may be intriguing to customers who are searching for multitasking capabilities and rich viewing experiences. The need for flexible displays is being fueled by foldable smartphones’ innovative designs and enhanced functionality, which are drawing interest and acceptance from consumers. The competition intensifies as more businesses enter the foldable smartphone market, hastening the advancement of flexible display technology.

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FLEXIBLE DISPLAY MARKET SHARE ANALYSIS

Because of the strong consumer electronics industry and the presence of large electronics manufacturers, the flexible display market in Asia-Pacific is expanding significantly. Leading nations in the creation and manufacturing of flexible display technology include China, Japan, and South Korea.

The fast commercialization of flexible displays is facilitated by the region’s robust manufacturing base and significant expenditures in research and development. The use of cutting-edge display technology in products like smartphones, wearables, and televisions, together with the strong demand for cutting-edge consumer electronics, are further factors propelling market expansion in this area.

Key Players:

Samsung Display (Korea)LG Display(South Korea)Hewlett-Packard Company (US)Atmel Corporation (US)Kent Displays (US)Universal Display Corporation (US)Novaled AG (Germany)DuPontCorning (US)Philips Electronics (Netherlands)Materion Corporation (US)AU Optronics (Taiwan)E Ink Holdings (Taiwan)

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global Tablet & Notebook Display market was valued at USD 17200 million in 2023 and is anticipated to reach USD 23550 million by 2030, witnessing a CAGR of 4.5% during the forecast period 2024-2030.

–  The global Interactive Display Screens market was valued at USD 1014 million in 2023 and is anticipated to reach USD 1546.5 million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.

–  Commercial Display Cabinet Market

–  Digital Display System Market

–  Intelligent Display System Market

–  The global Display Inspection Equipment market was valued at USD 2633.8 million in 2023 and is anticipated to reach USD 3502.6 million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.

–  The global Paper-like Display market was valued at USD 431 million in 2023 and is anticipated to reach USD 1844.3 million by 2030, witnessing a CAGR of 23.1% during the forecast period 2024-2030.

–  The global Flexible Electronic Paper Display market was valued at USD 870 million in 2023 and is anticipated to reach USD 1319.2 million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.

–  Field Emission Display Market

–  Flexible LCD Display Market

–  Movable Imaging Display Market

–  Large Size Display Panel Market

–  Medium-Small Display Market

–  The global On-camera Monitor market is projected to reach USD 113.5 million in 2029, increasing from USD 86 million in 2022, with the CAGR of 4.2% during the period of 2023 to 2029.

–  Next Generation Display Market

–  The global Passive-Matrix OLED Display market was valued at USD 360 million in 2023 and is anticipated to reach USD 802.8 million by 2030, witnessing a CAGR of 12.5% during the forecast period 2024-2030.

–  Curved Screen Display Market

–  Expended Reality Display Market

–  Consumer Electronics Display Devices Market

–  The global Display Test Equipment market was valued at USD 2633.8 million in 2023 and is anticipated to reach USD 3502.6 million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.

–  The global market for LED Display Screen was estimated to be worth USD 7725.1 million in 2023 and is forecast to a readjusted size of USD 10840 million by 2030 with a CAGR of 4.9% during the forecast period 2024-2030

–  LED Interactive Display Market

–  Smart Display Market

–  OLED Displays and Accessories Market

–  The global market for OLED was estimated to be worth USD 20860 million in 2023 and is forecast to a readjusted size of USD 51130 million by 2030 with a CAGR of 13.5% during the forecast period 2024-2030

–  The global OLED Display Panel Luminescent Material market is projected to reach USD 1909 million in 2029, increasing from USD 593 million in 2022, with the CAGR of 18.2% during the period of 2023 to 2029.

–  Organic Light-emitting Diodes (OLEDs) Microdisplay Market

–  OLED Encapsulation System Market

–  The global Coater and Developer for Large Size OLED market was valued at USD 64 million in 2023 and is anticipated to reach USD 93 million by 2030, witnessing a CAGR of 7.5% during the forecast period 2024-2030.

–  Flexible Transparent OLED Displays Market

–  OLED Digital Signage Market

–  Foldable Flexible OLED Panel Market

–  The global Automotive OLED Lighting market is projected to reach USD 66 million by 2030 from an estimated USD 18 million in 2024, at a CAGR of 24.5% during 2024 and 2030.

–  OLED Deposition Equipment – Market

–  Biomedical-grade Polymer OLED Materials Market

–  The global Passive-Matrix OLED Display market was valued at USD 360 million in 2023 and is anticipated to reach USD 802.8 million by 2030, witnessing a CAGR of 12.5% during the forecast period 2024-2030.

–  AR and VR Silicon-Based OLED Panel Market

–  The global LCD TV Panel market is projected to reach USD 62410 million by 2030 from an estimated USD 54770 million in 2024, at a CAGR of 2.2% during 2024 and 2030.

–  The global TFT-LCD market is projected to reach USD 90020 million by 2030 from an estimated USD 102250 million in 2024, at a CAGR of -2.1% during 2024 and 2030.

–  The global LCD Touch Screens market was valued at USD 142 million in 2023 and is anticipated to reach USD 244.9 million by 2030, witnessing a CAGR of 8.1% during the forecast period 2024-2030.

–  Transparent LCD Display Market

–  LCD Splicing Screens Market

–  Flexible LCD Display Market

–  Flat Panel LCD Controller Market

–  Full LCD Instrument Cluster Market

–  Military LCD Display Market

–  LCD Diffusion Film Market

–  LCD Digitizer Market

–  LCD Panel Sealant Market

–  PCBs for Automotive LCD Market

–  LCD Screen Charging Pile Market

–  The global LCD Photoresists revenue was USD 1242.8 million in 2022 and is forecast to a readjusted size of USD 1449.9 million by 2029 with a CAGR of 2.2% during the forecast period (2023-2029).

–  LCD Reflective Film Market

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Top-Notch B2B Sellers from South and Southeast Asia Crowned Champions at Alibaba.com’s KEL Award Grand Finale

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HO CHI MINH CITY, Vietnam, Nov. 15, 2024 /PRNewswire/ — Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, yesterday hosted the Key E-Commerce Leader Award (KEL) Grand Finale in Ho Chi Minh City, Vietnam. The event celebrated the achievements and contributions of outstanding B2B e-commerce sellers from across South and Southeast Asia, reflecting Alibaba.com’s commitment to fostering the growth of small and medium-sized enterprises (SMEs) in the global e-commerce sector.

The event brought together 10 top-notch e-commerce sellers from Vietnam, India, Pakistan, Thailand, Malaysia and Indonesia in one of the region’s most vibrant cities, Ho Chi Minh City. These exceptional sellers exemplify the transformative power of Alibaba.com’s platform, which enables local businesses to grow into global players by providing access to international markets and digital tools. The KEL Award spotlighted their achievements, resilience and leadership, inspiring other SMEs to embrace cross-border opportunities and reach international markets.

After hours of intense business case pitching by the top 10 finalists and careful deliberation by the judging panel, Alibaba.com announced the top 3 Key E-Commerce Leaders for KEL Award 2024 went to Ms. Xuan Hai Yen (Yanni), Deputy Director at Proline Vietnam Manufacture and Trading from Vietnam; Ms. Natasha Gogna, Managing Director of Shri Krishna International from India and Mr. Tayyub Hussnain, Founder of Norwich Streetwear from Pakistan. Additionally, the event awarded Mr. Tayyub Hussnain as the winner of the People’s Choice Award, determined by audience votes.

The judging panel included distinguished Alibaba.com leaders and experts: Mr. Shawn Yang (General Manager of Global Business Development at Alibaba.com), Mr. Roger Luo (Head of South and Southeast Asia at Alibaba.com), Ms. Ella Xie (Director of Global Business Development at Alibaba.com), and Ms. Savannah Zheng (CEO of CGCH & Awins).

Mr. Shawn Yang, General Manager of Global Business Development at Alibaba.com, shared: “Through the inspiring stories shared by the sellers at the KEL Award, Alibaba.com aims to motivate businesses across South and Southeast Asia to engage actively in the high-potential arena of global digital trade. For those who have already embarked on their digital trade journeys, we hope these success stories offer valuable insights and strategies for breakthrough, innovation, and diversified growth to succeed on a global scale.”

One such inspiring story comes from Ravin Sadh, founder of Conifer Handmades, whose journey demonstrates the immense potential of digital trade through Alibaba.com. He has spent the past two decades building a successful export business in the gifts and crafts industry without ever stepping into a traditional trade expo or needing to travel abroad. Since joining Alibaba.com in 1999, when the platform was newly established, Ravin has relied exclusively on it to reach customers worldwide. Today, 100% of Conifer Handmades’ business comes from Alibaba.com, with exports spanning over 35 countries. Focused on sustainable gift bags and crafts, Ravin’s business has grown exponentially through Alibaba.com’s digital platform, allowing him to connect with international buyers without the typical need for in-person networking or overseas travel. In fact, he only acquired a passport to attend the KEL Award Grand Finale, marking his first journey abroad as a testament to his commitment and success through Alibaba.com alone.

One of the 10 finalists, Tayyub Hussnain from Norwich Streetwear, shared a compelling story that underscores the transformative power of ambition and innovation in e-commerce. After graduating from Govt. Murray College in Sialkot in 2014, he embarked on his career with a modest monthly salary of 16,000 PKR. His entrepreneurial journey in the apparel industry was catalyzed when he received a laptop from the Chief Minister of Punjab, which introduced him to Alibaba.com. Through this platform, he secured his first major order of 770 pieces of clothing, an accomplishment that significantly boosted his confidence. This newfound assurance led Hussnain to leave his stable job and devote himself fully to building his business on Alibaba.com.

Xuan Hai Yen, Deputy Director of Proline Vietnam Manufacture and Trading, is a dynamic leader who has turned her family’s business into a multimillion-dollar enterprise with double-digit revenue growth over the past nine years. With 15 years of experience in the import-export and e-commerce sector, Yen exemplifies how resilience and a forward-thinking approach can drive transformative growth.

Yen took charge of the company during challenging times, crafting digital strategies to modernize operations and expand into global markets. Her vision to embrace digital solutions, particularly through Alibaba.com, helped revive the company, leading to an impressive 30% growth rate. Today, Proline exports a diverse range of products, including food bags, ESD anti-static bags and more. Under her leadership, Proline successfully expanded its reach to over 15 countries, including the U.S., UK, Malaysia, India, Thailand, Russia, Cambodia and Australia. Within just four months of joining Alibaba.com, the company secured its first U.S. order, a significant milestone in its growth journey. These success stories illustrate the transformative potential of e-commerce, with Alibaba.com serving as a vital growth engine, connecting businesses to the global market and maximizing their potential.

The Top 10 Finalists of the 2024 KEL Award Grand Finale included:

Ms. Xuan Hai Yen (Yanni), Deputy Director at Proline Vietnam Manufacture and Trading Limited Company, VietnamMr. Can Quang Sang, Marketing Manager of VIHABA Co., LTD, VietnamMs. Nguyen Thi Loan, Founder and CEO of Centic Vietnam JSC, VietnamMr. Ravin Sadh, Founder of Conifer Handmades, IndiaMs. Natasha Gogna, Managing Director of Shri Krishna International, IndiaMr. Muzafar Hussain, Overseas Marketing Head of JNM Leather Safety Gloves, PakistanMr. Tayyub Hussnain, Founder of Norwich Streetwear, PakistanMs. Nitcharee Ujjin, Co-founder of Thumbinthai Co., Ltd., ThailandMr. Nicholas Tee Kai Xuen, Vice President of L.K.Tee Enterprise Sdn Bhd, MalaysiaMr. Fahmi Zaenal, Co-founder of PT Pohacee Cartens International, Indonesia

About Alibaba.com

Launched in 1999, Alibaba.com is a leading platform for global business-to-business (B2B) e-commerce that serves buyers and suppliers from over 200 countries and regions around the world. It is engaged in services covering various aspects of commerce, including providing businesses with tools that help them reach a global audience for their products and helping buyers discover products, find suppliers and place orders online fast and efficiently. Alibaba.com is part of Alibaba International Digital Commerce Group.

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MTR* advertising Launches Full-Funnel OMO Interactive Branding Campaign for Bank of China (Hong Kong) To Elevate Brand Connection with MTR Passengers

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HONG KONG, Nov. 15, 2024 /PRNewswire/ — MTR* advertising is excited to unveil the Bank of China (Hong Kong) (“BOCHK”) “Connect Every Excitement” branding campaign, designed to deepen brand engagement and foster connections with MTR passengers.  BOCHK leverages the extensive and high-quality passenger base of MTR’s urban lines and features an engaging tennis game to enhance daily commuting experiences while strengthening the BOCHK brand identity.

This innovative Online-Merge-Offline (OMO) campaign represents a pioneering effort to seamlessly integrate digital interactions into the MTR* advertising ecosystem. Utilizing a full-funnel strategy, BOCHK “Connect Every Excitement” creates multiple touchpoints to boost brand awareness and passenger engagement through an interactive tennis game. By bridging the online and offline experience via digital panels, mobile devices, and social media, BOCHK aims to cultivate a vibrant community around its brand.

The campaign harnesses the power of digital media to create an immersive experience targeting MTR passengers, particularly the office workers and Gen Z demographic. With comprehensive coverage across MTR’s extensive digital networks, it features captivating station zone takeovers, incentivized mobile and on-site games, and a cutting-edge programmatic digital out-of-home (pDOOH) advertising strategy.

The centrepiece of the campaign, the BOCHK “Connect Every Excitement” mobile game invites users to enjoy a fun tennis experience anytime, anywhere. Participants can compete for exciting rewards, including MTR Points and a BOC Credit Card HK$1,800 cash rebate. To cater to the fast-paced lifestyle of city dwellers, BOCHK has also introduced on-site versions of the game at the Interactive Iconic Digital Zones of MTR Tsim Sha Tsui and Causeway Bay stations, allowing passengers to stretch and win additional MTR Points during their commute.

With over 480 digital panels across MTR stations, the campaign ensures numerous touchpoints with passengers. The adaptability of digital formats allows real-time content optimization, encouraging participation in the on-site game at MTR Tsim Sha Tsui and Causeway Bay stations. Through the integration of retargeting advertising with MTR Mobile, reinforcing game participation messages for those who have been reached by BOCHK digital advertisements.  Additionally, Digital Ring Zone Domination at MTR Tsim Sha Tsui Station targets diverse demographics to maximize engagement.

Through this dynamic approach, BOCHK not only enhances its brand visibility but also enriches the journey for MTR passengers, making commutes more enjoyable. The BOCHK “Connect Every Excitement” campaign stands as a testament to BOCHK’s commitment to innovative brand engagement, fostering a closer connection with its customers.

“We are thrilled to launch this full-funnel OMO campaign that combines digital and on-site interactions to connect with our customers. The BOCHK “Connect Every Excitement” campaign reflects our dedication to understanding our customers and enhancing their connection with the BOCHK brand through our digital interactive platform.” said Ms. Shirley Chan, Managing Director of Hong Kong and Macau at JCDecaux Transport.

It’s time to dive into the hype of BOC “Connect Every Excitement” for a chance to win MTR points and cash rebates on Bank of China (Hong Kong) credit cards at http://bit.ly/40wZOy2

 

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Reminder: To borrow or not to borrow? Borrow only if you can repay.

For further details regarding the promotional campaign of MTR* advertising and BOCHK, please reach out to media inquiries:

About JCDecaux Transport

JCDecaux Transport is the main subsidiary of the JCDecaux Group, the number one outdoor advertising company worldwide. Established since 1976, JCDecaux Transport is the market leader in outdoor advertising in Hong Kong and manages the advertising sales concessions of MTR* and Airport Express for over 45 years. Currently, the company also operates the advertising concessions for Hong Kong International Airport, Macau International Airport and Pacific Place Passages. For more information about JCDecaux Transport, visit

Website: www.jcdecaux-transport.com.hk

LinkedIn: https://www.linkedin.com/company/jcdecaux-transport-hong-kong/ 

*MTR advertising refers to advertising exclusively operated by JCDecaux Transport, including Island Line, South Island Line, Tsuen Wan Line, Kwun Tong Line, Tung Chung Line, Tseung Kwan O Line, Disneyland Resort Line and Airport Express, as well as MTR Mobile advertising.  

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PayerMax Recognized as “Best Payment Service Provider” by MEA Finance

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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — PayerMax, a leading global provider of payment solutions, has been named Best Payments Solutions Provider of 2024 by MEA Finance magazine at an award ceremony hosted on November 12 in Dubai. The award is a testament of PayerMax’s success in providing exceptional financial technology services to clients in the Middle East and Africa, as well as its leadership position in payment solutions.

The annual MEA Finance Industry Awards recognizes the financial institutions, technology solutions providers, fintech companies, service providers and individuals for exceptional achievements, groundbreaking services and inspirational leadership in delivering innovative products and services.

“We’re very honored to receive the award. It not only recognizes the success of our innovative technologies and regional strategies, but also it is the perfect testimonial of how our team thrives to create superior values for our clients, and we look forward to more cooperation with more partners,” said Wang Hu, co-founder of PayerMax. “Looking ahead, PayerMax remains committed to further strengthening our presence and deepening our efforts in the Middle Eastern market. We will continue to empower more businesses and enhance the digital payment ecosystem across regions, driving value and growth for clients around the world.”

In 2024, PayerMax achieved major milestones in the Middle East market. In alignment with Saudi Arabia’s Vision 2030, PayerMax became the first Asian fintech company to establish a regional headquarters in Riyadh and obtained the Payment Technical Service Provider (PTSP) certification from Saudi Payments on behalf of the Saudi Central Bank (SAMA) in September. This certification allows PayerMax to operate seamlessly within Saudi Arabia’s financial ecosystem, providing merchants across the country with secure, flexible, and efficient payment solutions. The company has also formed partnerships with leading banks such as SAB and Emirates NBD, advancing the digital twin ecosystem while supporting financial inclusion, economic diversification, and an enhanced user experience through digital payments in the region. Furthermore, as the first Asian fintech company to secure the UAE’s payment license, PayerMax is strengthening its presence and expanding operations across the Middle East.

Beyond the Middle East, PayerMax’s achievements in 2024 were globally recognized. In May,  PayerMax was awarded the 2024 “Best Payments and Collections Solution” award from The Asset in the prestigious “The Asset Triple A Awards.” With an impressive 95% coverage of mainstream payment methods in emerging markets, PayerMax continues to build on its vision of providing innovative payment solutions worldwide.

PayerMax is committed to providing businesses with one-stop local payment solutions to meet their diverse payment needs. Its extensive network supports a wide range of over 600 payment methods, more than 70 transaction currencies, and over 20 local languages, catering to diverse global user payment preferences. With a vision to drive merchant success on a global scale, PayerMax offers an array of value-added services, including risk management, foreign exchange management, payment marketing (webshop), and finance & tax services, constructing a comprehensive environment for merchants to excel in a competitive global marketplace and handle the intricacies of globalization with ease.

Looking ahead, PayerMax is committed to staying at the forefront of the evolving digital payment landscape. The company will continue to invest in technological innovation and service enhancements to deliver increased value and opportunities to its customers. By doing so, PayerMax aims to empower global business expansion and facilitate the transition to a cashless society. For more information, please visit https://www.payermax.com/.

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