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3. Foldable Display Companies - Samsung Electronics Co., Ltd. (South Korea) and BOE Technology Group Co., Ltd. (China) are the Key Players

The Foldable Display market is estimated to be worth USD 4.6 billion in 2024 and is projected to reach USD 13.2 billion by 2029, at a CAGR of 23.6% during the forecast period. The worldwide foldable display market is primarily driven by the growing need for foldable display panels in smartphone applications.  Other key drivers include the rise in demand for multifunctional devices across various applications, such as laptops, tablets, large format displays, and digital signage, coupled with technological advancement.

Companies that majorly operate in foldable display market are Samsung Electronics Co., Ltd. (South Korea), BOE Technology Group Co., Ltd. (China), Visionox Company (China), Royole Corporation (China), and TCL China Star Optoelectronics Co., Ltd. (China). Some of the key strategies adopted by players in the foldable display market include product launches, partnerships, collaborations, and expansions. The organic and inorganic strategies have better placed market players in the foldable display industry in a position to adapt to the changing consumer preference, technology, and competitive landscapes and achieve sustainable growth with market leadership.

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Major Foldable Display companies include:

• Samsung Electronics Co., Ltd. (South Korea)
• BOE Technology Group Co., Ltd. (China)
• Visionox Company (China)
• Royole Corporation (China)
• TCL China Star Optoelectronics Co., Ltd. (China)
• AUO Corporation (Taiwan)
• Tianma (China)
• Huawei Technologies Co. Ltd. (China)
• Motorola Mobility LLC (US)
• Honor Device Co., Ltd. (China)

Samsung Electronics Co., Ltd. (South Korea) is a leading player in the consumer electronics and technology. The company offers OLED foldable display panels and foldable smartphones. Samsung Electronics Co. Ltd. focuses on both organic and inorganic growth strategies such as product launches and partnerships to strengthen its position in the foldable display market. For instance, in January 2023, the company launched the Flex Hybrid model, with a foldable and slidable display for foldable smartphones in order to bring the small tablet experience that expands.

BOE Technology Group Co., Ltd. (China) is a company that dominates the foldable display market worldwide. The company mainly deals with OLED displays designed for ultra-thin foldable solutions. It is eyeing on inorganic growth strategies such as partnerships to increase their foldable display market share. For example, in August 2021, the company partnered with Honor Device Co., Ltd. (China) to supply flexible full-screens for the newly launched Honor Magic 3 series of smartphones.

Visionox Company (China) designs and fabricates display panels using OLED technology. The foldable display panel products are used in smartphones, tablets, and other consumer electronics. The company has inorganic growth strategies, including partnerships and expansions. For instance, in July 2023, Visionox Company partnered with Honor Device Co., Ltd. of China to provide it with screens for foldable smartphones—Honor Magic V2 and Honor V Purse.

Royole Corporation (China) leading manufacturer of fully flexible displays (FFD) and fully flexible sensors (FFS). The company channels its products from Shenzhen, Beijing, Hongkong, California, Netherlands, and Japan. The company focuses on both organic and inorganic growth strategies such as product launches and collaborations. For instance, in March 2020, Royole launched a foldable smartphone with 5G network access, FlexPai 2.

TCL China Star Optoelectronics Co., Ltd. (China) is  a subsidiary of TCL Corporation (China). It various display technologies like LCD, OLED, and micro-LED. The company has a wide range of product applications in foldable displays used within TVs, smartphones, and commercial information displays. The company focuses on both organic and inorganic growth strategies such as product launches and collaborations. For instance, in May 2023, TCL CSOT unveiled  a 65-inch 8K inkjet printing flexible OLED display. It realizes an excellent picture quality, flexibility, and durability, based on inkjet printing and IGZO TFT backplane technology.

Related Reports:

Foldable Display Market by Technology (OLED, Direct-view LED), Panel Size (Up to 20”, Above 20”), Application (Smartphones, Laptops and Tablets, Large Format Displays and Digital Signage), Material, Resolution, Type and Region - Global Forecast to 2029

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