Foldable displays are rapidly gaining traction in the tech market, with new predictions indicating a significant uptick in shipments. According to market research firm Omdia, shipments of foldable displays are expected to rise by a remarkable 44% this year, following a previous decrease of 12% last year.
Projected Shipment Numbers
This year, it's anticipated that around 29 million foldable displays will be shipped. It's important to note that this figure pertains specifically to the internal displays of foldable devices, rather than the devices themselves. This means that while the components are being prepared for shipment, there might be a lag before the final products reach consumers.
Growth of Wide Foldables
In a noteworthy trend, displays designed for wide foldables are predicted to account for 44% of total shipments this year. This emerging form factor is poised to capture nearly half of the market share, overshadowing both the larger book-style and smaller flip-style foldables. The popularity of devices like the Samsung Galaxy Z Fold8 and the Apple iPhone Duo has significantly contributed to this trend.
Market Dynamics and Competitors
Samsung Display is expected to benefit greatly from this surge, commanding a substantial 66% market share in the foldable display sector. Conversely, rival manufacturers such as BOE, China Star, Tianma, and Visionox may experience a decline in their market shares as Samsung solidifies its dominance. Notably, the demand for foldables in China is currently subdued, although interest in wide foldables is on the rise, suggesting potential growth in that market segment.
Technological Preferences in Manufacturing
For the year, most foldable displays produced will be of the LTPO variety. While these displays are more costly, their advanced refresh rate control makes them highly desirable compared to the LTPS alternatives. Given the premium pricing of foldable devices, manufacturers are inclined to equip them with the highest quality displays available.
Overall, the foldable display market is set for an exciting year ahead, with strong demand largely driven by innovative devices and changing consumer preferences.
Source: https://www.gsmarena.com/omdia_foldable_displays_shipments_will_increase_44_this_year_with_a_focus_on_wide_foldables-news-75142.php
