High Growth Expected in European Markets
| Source: BCC Research
WELLESLEY, Mass., Nov. 12, 2018 (GLOBE NEWSWIRE) — As the demand for diverse electronics increases, the market for a technology-enhanced, flexible glass solution that can be incorporated in various devices, such as smartphones, smartwatches, tablets, signage and billboards, and others has emerged.
According to the BCC Research report European Markets, Technologies and Applications for Flexible Displays, European markets are expected to benefit first from such technological advancements, as there is a greater consumer awareness of smart devices and wearable technology in Europe than in most other regions.
The European flexible display market is driven by various business development strategies by companies including: Aixtron (AIXXF), Henkel Corp.(VitrifleX), Samsung SDI (Novaled GmbH), Universal Display Corp. (OLED), Meyer Burger (MYBUF), Applied Materials, Veeco Instruments Inc (VECO), BASF (Rolic AG) and many others.
- Flexible OLED displays dominated, accounting for 55% of the overall market in 2017. The same market is expected to grow at a CAGR of 32.7% and is expected to reach $2.5 billion by 2023.
- The FlexiDis project includes the development of an advanced flexible display interface for future application needs, including creating optimized manufacturing technologies and cost-effective methods of production, and fast prototyping centers within the European Union.
- The FlexiDis project is partially funded by EU member states and the top- 20 European universities, manufacturers and research institutes, showing Europe’s commitment to market growth and providing optimal conditions for market development.
“The European flexible displays market is experiencing various joint programs and research and development funding from the industry participant as well as the European Union,” the report states. “Flexible displays promise to blend flexibility in shape and alignment to the display technology. Flexibility of displays will catapult product engineering to a completely new level. It will formulate new usage scenarios while lending considerable value to existing display applications.”
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