Flexible display market set for record growth
Demand for flexible displays is projected to soar over the next seven years, driving a nearly 250 times expansion in shipments from 2013 through 2020.
IHS iSuppli says global shipments of flexible displays will soar to 792million units in 2020, up from 3.2m in 2013. Market revenue is expected to rise to $41.3billion, up from just $100,000 during the same period.
Vinita Jakhanwal, director for mobile and emerging displays and technology at IHS, said: "Flexible displays hold enormous potential, creating whole new classes of products and enabling exciting new applications that were impractical or impossible before.
"From smartphones with displays that curve around the sides, to smart watches with wraparound screens and pcs with roll out displays, the potential uses for flexible displays will be limited only by the imagination of designers."
IHS predicts oleds will be the leading flexible display technology during every year for the foreseeable future, accounting for 64% of shipments in 2020.
