The global flexible glass market is expected to post a CAGR of almost
47% during the period 2019-2023, according to the latest market research
report by Technavio.
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The global flexible glass market will post a CAGR of almost 47% during the period 2019-2023 (Graphic: Business Wire)
Flat panel displays used in televisions, monitors, and other display
devices comprise thin panels instead of the traditional cathode ray tube
(CRT). Flat panel display screens are lightweight, portable, and offer
high resolution. Globally, the increasing demand for flat panel displays
is driving the consumption of flexible glass as they provide dimensional
stability, structural component cost reduction, high resolution and
brightness, low color shift, and an exceptional couple efficiency.
Moreover, the automotive sector also widely uses flat panel displays for
large central information displays (CIDs). Flexible glass is used in
advanced driver assistance systems (ADAS) of smart cars. Therefore, the
demand for flexible glass is expected to rise due to the high adoption
of flat panel displays and the growth of other end-user industries.
As per Technavio, the growing popularity of wearable technology will
have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
flexible glass market research report also analyzes other
important trends and market drivers that will affect market growth
Global flexible glass market:
Growing popularity of wearable technology
Wearable technologies are increasing in popularity across the world. The
demand for wearable electronics is primarily driven by their ability to
connect with the internet and exchange data between networks and
devices. Wearable devices are popularly used for gaming, entertainment,
sports, and health and fitness. Flexible glass is extremely durable and
is used in displays, sensors, and other electronic systems in wearable
technologies. Flexible displays and sensors are used to produce
lightweight, thin, robust, and portable wearable electronics.
Technological advances and improved user experience of these devices
will, therefore, increase the consumption of flexible glass during the
“Apart from the popularity of wearable technology, the rising global
demand for smartphones is a key contributor to the global flexible glass
market. The increase in smartphone usage can be attributed to improved
internet connectivity as mobile devices account for more than
three-fourths of the total internet usage. Factors such as portability
and affordability will drive the demand for smartphones, thereby driving
the market for flexible glass,” says a senior analyst at Technavio.
Global flexible glass market: Segmentation
This market research report segments the global flexible glass market by
application (displays, OLED, photovoltaic, and others) and geographical
regions (APAC, North America, Europe, South America, and MEA).
The APAC region led the market in 2018, followed by North America,
Europe, South America, and MEA, respectively. During the forecast
period, the APAC region is expected to continue dominating as well as
register the highest incremental growth due to the rising number of
photovoltaic installations at airports, buildings, and open areas.
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Five Forces Analysis
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