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Foldable displays forecast to account for 51% of total display shipments by 2020

Foldable displays will grow to become the leading display type in terms of shipments by 2020

18 Sep 2015 | Editor

A recent report from IHS said the market for foldable displays is rising rapidly driven by new applications. With smartphones and tablets expected to adopt foldable displays as early as next year, this display type is forecast to represent more than half of the total display shipments by 2020.

Foldable displays will grow to become the leading display type in terms of shipments by 2020. Foldable displays will begin a massive rise in shipments beginning next year as IHS forecasts its compound annual growth rate (CAGR) to be 58% between 2016 and 2020, reaching 180 million units by 2020.

The benefits of foldable displays such as ruggedness, lighter weight, decreased thickness and greater portability are opening up new opportunities for new applications in the display market.

IHS - Foldable displays will grow to become the leading display type in terms of shipments by 2020<

Figure: IHS - Foldable displays will grow to become the leading display type in terms of shipments by 2020

LG and Samsung have already introduced flexible organic light emitting diode (OLED) displays in their flagship smartphones and the Apple Watch also boasts a flexible OLED display, which has kicked off momentum in the wearable device market for further innovations.

Source: IHS

Jerry Kang, principal analyst for emerging displays at IHS, said, "Foldable displays are leading to innovative new applications and revolutionizing the flexible display market." Jerry added, "In fact, we can expect to see foldable tablets and smartphones as early as next year."
Jerry continued, "Flexible displays are receiving a lot of attention, not only from consumer electronics giants like Samsung and Apple, but also from startup companies experimenting with new and innovative applications."

www.ihs.com   

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