Flexible Display Technology Market Skyrockets to $173.09 Billion by 2031
The rise of smart and flexible displays opens up significant prospects for display panel producers, technology developers, and OEMs. Many applications already use these technologies, including touchscreen phones, wearable electronics, automotive displays, and ultra-thin electronics. Further, Autonomous driving, AI/AR, and big data are revolutionizing several segments of the automotive business. One vertical that incorporates these technologies is the in-vehicle display, which includes onboard navigation, infotainment systems, touchscreen and gesture controls, and others. Thus, From seamless dashboards to immersive infotainment systems and interactive interfaces, flexible displays are redefining the in-car experience and enabling the next wave of automotive innovation.
Technological developments in OLED and AMOLED displays: Advanced OLED (Organic Light Emitting Diode) and AMOLED (Active Matrix OLED) technologies are driving the expansion of flexible screens. AMOLED continues to have huge potential for the future. Other intriguing technologies are emerging in addition to advancements in material research, such as TADF (thermally activated delayed fluorescence) and hyperfluorescence, which have the potential to increase OLED efficiency. Printed OLEDs, for example, allow big and flexible displays to be mass-produced at a low cost utilizing contemporary printing techniques. OLED and AMOLED panels' quality, resolution, and lifespan are constantly improving, making them more appropriate for a wide range of flexible display applications, from smartphones to vehicle interfaces.
As consumers and businesses alike seek lighter, more durable, more versatile gadgets, flexible screens are emerging as a viable option. The fully rollable phone became a reality at CES 2021 when TCL and LG showed prototypes for phones with rolling screens. The concept expands displays beyond the typical fixed display size and makes them more portable. For convenience, some users prefer a rollable phone with a tiny form factor and a huge display for the best viewing experience. Another significant advantage of flexible displays in smartphones is that they increase the device's durability. Phones with this type of surface lighting technology may flex under the impact, unlike the readily shatterable glass displays we're used to.
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