Analysts at Transparency Market Research (TMR) evaluated the prospects for the flexible display market. This is stated in the company’s report.

According to experts, the complex and flexible OLED display market expects significant growth. It is estimated that from 2022 to 2031 the volume of this segment will reach $ 243 billion. For comparison: In 2021, the market volume was $14.9 billion. Analysts believe that these components will become widespread in the manufacture of smartphones, wearables, laptops, cars.

“The future of flexible screen phones promises the development of mobile devices, and smart screens are expected to contribute to the evolution of the flexible screen market during the forecast period,” TMR authors wrote. Said. It is stated that automakers will focus on integrating flexible displays into car showrooms. In this context, the automotive sector will become one of the engines of the market.

Researchers noted that flexible displays have features such as compactness, lightness and durability. Due to their design, the screens can be used on a variety of devices.