From a modest figure of $34 million this year, the market for flexible displays is set to grow to be worth $2.4 billion in 2015 and as much as $30 billion in 2020.
That’s according to a research report from Displaybank, and the main driver of growth in the market will be e-books and advertising until 2011.
But after that date, flexible displays will have an alternative use in mobile phones, according to the research outfit.
The figures, however, are predicated on companies successfully developing display devices, backplanes, substrate, material, process technology and manufacturing equipment, said Displaybank.
The ideal specs for flexible displays includes e-paper which is thin, light, rugged, flexible, foldable, and bendable. Many vendors are already working on such specifications. Earlier this year, Plastic Logic said that it was readying a colour version of its flexible product, the QUE ProReader.
The following chart is courtesy of Displaybank, and shows the phenomenal growth in flexible displays it forecasts.