Flexible displays are mainly used in electronic gadgets and devices that have touch facilities. A rapid demand which has been seen in the market for flexible displays has proved to be a major driving force for the growth of the market. Even though the outbreak of the pandemic had a significant impact, there has been a rapid demand in the market post that.
The CAGR growth is 35.12% for the forecast period 2022 to 2030. Asia Pacific region has contributed the largest market share of over 35% in 2021, while North America region has garnered 25% revenue share in 2021. The OLED segment has captured 64% revenue share in 2021.
Flexible displays are usually very sensitive to rapid changes in temperature which makes it less durable as compared to the rigid display options. Rigid displays provide a better response to stimuli which makes the device faster as compared to the flexible display technology.
