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Flexible OLED Market to Reach $117.7 Billion, Globally, By 2031 at 40.4% CAGR: Allied Market Research

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Allied Market Research published a report, titled, “Flexible OLED Market By Type (AMOLED, and PMOLED), Application (Smartphones and Tablets, Televisions, Laptops and Monitors, Wearables, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031″, according to the report, the global flexible OLED industry was valued at $4.1 billion in 2021 and is estimated to generate $117.7 billion by 2031, witnessing a CAGR of 40.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/7236

Drivers, Restraints, and Opportunities

The rise in demand for low-energy consumer electronics, rapid technological advancements in electronic devices, and an increase in the use of flexible OLED screen in a variety of consumer electronics, including television displays, smartphones, smart watches, tablets, and others fuel the growth of the global flexible OLED market. However, high cost of manufacturing, lower performance, and low temperature tolerance of flexible OLED panels are likely to hinder the global market growth. On the other hand, advances in autonomous and electric vehicles and growing demand for smartphones with large displays and flexible design features will present new growth opportunities for the global flexible OLED market in the coming years.

Report Coverage and Details:

Report Coverage

Details

Forecast Period

2022–2031

Base Year

2021

Market Size in 2021

$4.1 billion

Market Size in 2031

$117.7 billion

CAGR

40.4 %

No. of Pages in Report

327

Segments Covered

Type, Application, and Region

Drivers

Growing use of smartphones and new innovative products

Opportunities

Growing rivalry between OLED and LCD technology 

Restraints

High manufacturing cost

COVID-19 Scenario:

  • The outbreak of the COVID-19 pandemic significantly affected the flexible OLED market. Due to lockdowns in several countries, production and manufacturing facilities around the world were shut down due to labor shortages globally.
  • In addition, the pandemic disrupted the global supply chain, creating a significant gap in the supply chain. The players operating in the industry faced challenges due to a lack of skilled specialists to develop flexible OLED solutions, which led to a reduced turnover during the period, 2020-2021.
  • However, the market recovered after 2021 and will remain in the growth phase during the forecast period.

The AMOLED segment to dominate the market during the forecast period

Based on type, the AMOLED segment contributed to the largest share of nearly two-thirds of the global flexible OLED market in 2021, and is expected to rule the roost during the forecast period. The same segment is projected to witness the fastest CAGR of 41.02% from 2022 to 2031. This is due to the increasing need for faster reference rates for better viewing angles and smoother interactions. Moreover, AMOLED technology can be easily integrated into displays of any size, which facilitates the application of flexible organic light-emitting diodes in various devices such as smartphones, TVs, monitors, and wearables. Moreover, due to its unique properties such as ultra-flexibility and shatter resistance, AMOLED technology is widely used in industrial applications and expected to drive revenue growth of the segment.

The smartphones and tablets segment to maintain its leadership in terms of revenue during the forecast period

Based on application, the smartphones and tablets segment held the largest share of more than one-third of the global flexible OLED market in 2021, and is expected to maintain a prominent revenue during the forecast period. This is attributed to the increasing adoption of flexible OLED in mobile phone and tablet screens due to its many advantages, such as excellent image quality and ultra-high contrast ratio; a wider range of colors; faster refresh rates; wide viewing angles; lighter, thinner, more durable compared to glass-based screens; and a foldable OLED screen. However, the laptops and monitors segment is expected to exhibit the highest CAGR of 41.35% in 2031. This is due to the need for portable and lightweight devices where flexible OLED displays are used to offer improved visual quality compared to traditional LCD displays as well as wider viewing angles, brighter colors and more.

North America to garner the largest revenue by 2031

Based on region, the market in North America was the largest in 2021, accounting for nearly two-fifths of the global flexible OLED market and is expected to maintain its dominance during the forecast period. This is due to the rising disposable incomes of consumers in the region that encourage them to purchase high-end electronics such as curved display televisions and luxury smartphones. Also, the demand for flexible OLED in the region is anticipated to increase due to rising corporate presence, which will increase the deployment of curved displays for multitasking by employees. However, the market in Asia-Pacific is likely to show the fastest CAGR of 42.39% during the forecast period. This is attributed to the presence of big companies such as Sony Group Corporation, LG Display, and Samsung Electronics in the region. Moreover, the launch of innovative products by these players and rapid growth of consumer electronics, especially in countries such as ChinaIndia, and Japan, are expected to boost the growth of the market.

Interested to Procure the Data? Inquire Here (Get Full Insights in PDF – 327 Pages): https://www.alliedmarketresearch.com/purchase-enquiry/7236

Leading Market Players:

  • OSRAM GmbH.
  • Sony Group Corporation
  • Corning Inc.
  • Universal Display Corporation
  • Visionox Company
  • LG Display Co., Ltd.
  • BOE Technology UK Limited
  • AU Optronics Corp
  • Ritdisplay Corporation
  • Samsung Electronics Co. Ltd.

Key Benefits For Stakeholders:

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the flexible OLED market analysis from 2021 to 2031 to identify the prevailing flexible OLED market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the flexible OLED market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global flexible OLED market trends, key players, market segments, application areas, and market growth strategies.

Flexible OLED Market Key Segments:

By Type:

  • AMOLED
  • PMOLED

By Application:

  • Smartphones and Tablets
  • Televisions
  • Laptops and Monitors
  • Wearables
  • Others

By Region:

  • North America (U.S., Canada, and Mexico)
  • Europe (U.K., GermanyFranceItalySpainRussiaNetherlandsBelgiumPoland, and Rest of Europe)
  • Asia-Pacific (ChinaJapanIndiaSouth KoreaAustraliaMalaysiaThailandPhilippinesIndonesia, and Rest of Asia-Pacific)
  • LAMEA (Latin AmericaMiddle East and Africa)

Buy this Research Report at Discounted Price @ https://bit.ly/3JY4iWu

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Organic LED Market By Product Type (Display and Lighting), Technology (PMOLED, AMOLED, Transparent OLED, Top-Emitting OLED, Foldable OLED, and White OLED) and End Use (Consumer Electronics, Automotive, Retail, Industrial, Commercial, Aerospace & Defense, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

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Artificial Intelligence

Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

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Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
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Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

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ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

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Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
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