Display Supply Chain Consultants has released a report dedicated to the foldable display market and its technology. The report projects that the foldable display market will start out slow, reaching 3.1 million units in 2019, with Samsung Electronics and Huawei expected to launch foldable smartphones in the first quarter of 2019.
After 2019, growth will accelerate as costs and prices fall, availability improves and competition increases, enabling foldable displays to expand into tablets, notebook PCs and other market segments. By 2022, DSCC predicts that the foldable market for all applications will reach 63 million units, a CAGR of 173%. Revenue is set to hit $8.9 billion in 2022, a CAGR of 151%. DSCC CEO Ross Young commented:
“We met with many brands and panel suppliers and discussed their roadmaps. Most are quite excited about the long-term prospects for foldable displays. They are hoping the innovative form factor and ability to incorporate larger displays into smaller form factors will drive ASPs and revenues higher”.