Global Flexible & Transparent Displays Market to Cross $480 Million in 2015 Says TechSci Research

Burnaby, British Columbia, Canada, December 09, 2015 --(PR.com)-- 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 signage’s, 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 fuelled 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.