BURNABY, Canada, December 7, 2015 /PRNewswire/ --
Continuous investments in manufacturing of consumer electronics coupled with new technological advancements has driven the market for flexible and transparent displays
According to a recently released TechSci Research report, "Global Flexible & Transparent Displays Market Forecast & Opportunities, 2020", the global market for flexible and transparent displays is bound to cross $480 Million in 2015. The market is expected to witness tremendous growth over the next five years on account of rising investments by various display manufacturing companies along with introduction of new and advanced technologies. In addition, rising adoption of electronic devices by consumers is also leading to a significant growth in global flexible and transparent displays market. The Americas and Europe were the major markets for flexible & transparent displays in 2014. However, Asia-Pacific is expected to emerge as the fastest growing market for flexible and transparent displays in the coming years due to large consumer base and surging adoption of various consumer electronic devices such as smartphones, LED televisions, etc.
Smartphones and televisions are anticipated to be the major application areas for transparent and flexible displays. Increasing manufacturing of electronic devices, growing purchasing power of consumers and rising adoption of smartphones is projected to contribute significantly to growth of flexible and transparent displays market. In addition, growing demand for digital signages, Head-Up Displays (HUDs), infotainment systems, Head Mounted Displays (HMDs), etc., is expected to fuel consumption of flexible and transparent displays during the forecast period. In 2014, LG Displays and Samsung Displays dominated the global flexible and transparent displays market.
"Various technological advancements have fueled growth in the global market for flexible and transparent displays over the past few years. Adoption of such displays by smartphone manufacturers and other consumer electronics manufacturers, has led to introduction of foldable smartphones and other innovations. With companies increasing their focus on product differentiation, these new technologies are anticipated to revolutionize the consumer electronics landscape over the next few years." said Ms. Neha Tayal, Consultant with TechSci Research, a research based global management consulting firm.
Global Flexible & Transparent Displays Market Forecast & Opportunities, 2020" has evaluated the future growth potential of global flexible and transparent displays market and provided statistics and information on market structure, size, share and future growth of global flexible & transparent displays market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in the global flexible & transparent displays market.
About TechSci Research:
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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