SELBYVILLE, Del., Jan. 28, 2019 /PRNewswire/ -- The foldable display market is expected to grow from USD 65 million in 2018 to USD 18 billion by 2025 when the global industry shipments are predicted to witness a whopping growth rate of 85 percent, according to a 2019 Global Market Insights, Inc. report.
Foldable display market size is anticipated to grow at an exponential rate owing to the increasing inclination of smartphone manufacturers to integrate this novel innovation into their product offerings. Companies are foreseeing the technology as the next big thing for key differentiation in their products. Many companies have filed patents for their devices that will enable them to stabilize the falling smartphone market and captivate the attention of tech-savvy consumers creating growth opportunities for the market.
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The key driver for the foldable display market is the growing support to this new technology from the industry players. There are various technical solutions that need to be worked upon to provide unprecedented experience to consumers.
Browse key industry insights spread across 150 pages with 62 market data tables & 23 figures & charts from the report, "Foldable Display Market Size By Application (Smartphones/Tablets, Notebooks), Industry Analysis Report, Regional Outlook (U.S., Canada, U.K., Germany, France, Italy, Spain, Switzerland, Netherlands, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, Argentina, Saudi Arabia, UAE), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
The commercialization of smartphones set by two major players in 2019 will further create enormous growth prospects for the market. There is an intense competition among companies to launch their devices early in the industry. Some are working rigorously in eliminating the drawbacks from their device prototypes. With the companies launching their products in the future, the foldable display market will witness lucrative growth. The smartphones are the initial step for the technology; which is further expected to explore its potential in other markets such as notebooks, wearables, TVs, etc. The market will be fueled by the technical capabilities of companies to incorporate them in their products with different designs, confirming their practicality and usefulness.
North America is the major market owing to the adoption of technological advancements and high disposable incomes of consumers, etc. The U.S. smartphone industry is one of the biggest industries in the world. The presence of major companies, which are at the forefront of integrating these displays, is contributing to the foldable display market regional growth.
The Asia Pacific foldable display market is expected to grow at a modest rate owing to the high associated cost. It will limit the adoption in low-income countries. As most of the consumers in these regions fall under the middle class, there will be a slow adoption for such devices.
The industry is consolidated, and the players have been focusing on developing technologically-advanced products by investing in R&D. Companies are also collaborating with smartphone manufacturers to commercialize their devices.
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