Market Size of Paper-thin Display Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 20.65 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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.
Paper-thin Display Industry Segmentation
A paper-thin display is very thin as compared to a traditional display screen. These displays are used for various applications such as television and digital signage, smartphones and tablets, smart wearable devices among others, and are based on various display technologies like LCD, OLED, electronic paper display technology among others.
By Display Technology | |
Liquid Crystal Display | |
Thin Film Transistor- Liquid Crystal Display (TFT-LCD) | |
OLED | |
Electronic Paper Display Technology | |
Other Technologies |
By Application | |
Television and Digital Signage | |
Smart Phones and Tablets | |
Vehicles and Public Transport | |
Smart Wearable Devices | |
Other Applications |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Rest of the World |
Paper-thin Display Market Size Summary
The paper-thin display market is experiencing significant growth, driven by the increasing demand for portable electronic devices such as smartphones, tablets, and e-readers. This demand is fueled by trends towards higher portability, improved quality, user-friendliness, and energy efficiency. Technological advancements in display technology, particularly in flexible OLED displays, are further propelling market expansion. Major industry players like Samsung and LG are focusing on developing ultra-thin, bendable displays, which are particularly sought after in the consumer electronics sector. The trend of miniaturization is encouraging manufacturers to innovate in materials, design, and fabrication, enhancing the appeal of paper-thin displays. However, competition with existing display technologies poses a challenge to market growth.
The Asia-Pacific region is anticipated to lead the market growth, supported by a surge in consumer electronics manufacturing and technological advancements. The region's market is bolstered by the presence of leading manufacturers such as Samsung, Panasonic, LG Display, and Sony, who are investing heavily in flexible and thin display technologies. The rising disposable incomes and demand for portable electronic displays in countries like China and India are also contributing to market expansion. The competitive landscape of the paper-thin display market is moderately fragmented, with key players engaging in product innovation and strategic mergers and acquisitions to strengthen their market positions.
Paper-thin Display Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Demand of Paper-Thin Displays in Smartphone and Television
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1.2.2 Advancements in Display Technologies
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1.3 Market Restraints
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1.3.1 Competition with Existing Display Technologies
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Display Technology
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2.1.1 Liquid Crystal Display
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2.1.2 Thin Film Transistor- Liquid Crystal Display (TFT-LCD)
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2.1.3 OLED
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2.1.4 Electronic Paper Display Technology
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2.1.5 Other Technologies
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2.2 By Application
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2.2.1 Television and Digital Signage
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2.2.2 Smart Phones and Tablets
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2.2.3 Vehicles and Public Transport
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2.2.4 Smart Wearable Devices
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2.2.5 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Rest of the World
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Paper-thin Display Market Size FAQs
What is the current Paper-thin Display Market size?
The Paper-thin Display Market is projected to register a CAGR of 20.65% during the forecast period (2024-2029)
Who are the key players in Paper-thin Display Market?
LG Display Co. Ltd, Samsung Electronics Co. Ltd, AU Optronics Corp., Innolux Corporation and Panasonic Corporation are the major companies operating in the Paper-thin Display Market.