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.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190422005075/en/
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
during 2019-2023.
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
forecast period.
“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
analysis
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.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190422005075/en/