Rising Demand for Devices with Thin and Flexible Displays Drives Growth in the Paper-Thin Displays Market
According to “Paper-Thin Displays: A Global Strategic Business Report” from Global Industry Analysts, Inc. (GIA), the global market for paper-thin displays (PTDs) is projected to reach $19.6 billion by 2020, driven by the increasing consumer demand for thin and flexible displays in portable electronic devices. PTDs refer to a type of ultra-thin displays with thickness equivalent to a sheet of paper. Key benefits of PTDs include lightweight, shatter-proof and bendable features.
The global market for paper-thin displays is witnessing strong growth, driven by the increasing focus on developing devices that are thin, compact and small. The miniaturization trend is exerting increasing pressure on manufacturers to reduce overall display thickness, thus generating significant OEM interest in PTDs. Also benefiting the market are developments in materials, design and fabrication of flexible displays. With consumer demand for portability and convenience continuing to grow strong, interest in displays that are paper-thin and flexible is rising.
Demand for PTDs is currently mainly concentrated in the portable electronic devices sector, primarily for use in smartphones, tablets and E-readers, among others. With technology innovations that facilitate the production of low-cost flexible color displays, penetration in other application areas is expected to gain traction in the coming years. Specifically, PTDs offer enormous potential for use in advertising signage, given their ability to enhance the impact of digital advertising.
Asia-Pacific represents the largest market for PTDs worldwide. Strong demand for a wide range of portable electronics across developing Asian countries is lending traction to market growth in the region, along with growing employment opportunities, rising income levels, and increasing 3G and 4G penetration.
For more information, visit www.strategyr.com.