LONDON--(BUSINESS WIRE)--Apr 22, 2019--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 driv ing 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 [email protected].

View source version on businesswire.com:https://www.businesswire.com/news/home/20190422005075/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS MOBILE/WIRELESS MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING AUTOMOTIVE AFTERMARKET RETAIL FASHION

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 04/22/2019 10:00 AM/DISC: 04/22/2019 10:00 AM

http://www.businesswire.com/news/home/20190422005075/en