Paper-thin Display Market Size

Paper-thin Display Market Analysis

Thepaper-thin display market was valued at USD 4.3 billion in 2019 and is expected to reach a value of USD 13.1billion by 2025, registering a CAGR of 20.65% during the forecast period (2020 - 2025).Various ongoing trends, such as higher portability, good quality, user-friendliness, and much more power-saving are aiding the growth of the paper-thin display market.

• The ongoing demand for paper-thin displays iscurrently concentrated on the portable electronic devices sector, primarily for use in smartphones, tablets, and e-readers, among others. The increasing demand for thinner, lightweight, and flexible displays and technological advancements in display technology are boosting the growth of the paper-thin display market.
• The rising trend of miniaturizationis driving the manufacturers to decrease the overall thickness of the displays. This is increasing the interest of several manufacturers to produce paper-thin displays, with changes in materials, design, and fabrication.
• Major vendors in the market, such as Samsung and LG, are primarily focusing on manufacturing flexible OLED displays, which are ultra-thin and can be bent, rolled, and stretched. The need for flexible and thinner displays is more in the consumer electronics sector, including smartphones, tablets, display screens, and various others.
• The market is also expected to witness strong growth during the forecast period, driven by the rapidly increasing adoption of smart wearable devices across various regions. However, the competition with the existing display technologiesis expected to act as a restraint to the market growth.