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Flexible Display Market Size to Grow USD 28130 Million by 2030 at a CAGR of 27.9% | Valuates Reports

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BANGALORE, India, July 8, 2024 /PRNewswire/ — Flexible Display Market is Segmented by Type (Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Electronic Paper Display (EPD)), by Application (Smartphone, Tablet, Laptop, Smartcard, TV, Wearable Display): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Flexible Display Market was valued at USD 4882 million in 2023 and is anticipated to reach USD 28130 million by 2030, witnessing a CAGR of 27.9% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Flexible Display Market:

The market for flexible displays is expanding quickly as a result of developments in display technology and rising consumer desire for creative and adaptable electronics. Compared to conventional rigid displays, flexible displays—which can be twisted, rolled, or folded—offer a number of benefits, such as increased durability and new design options. Their use in smartphones, wearable technology, televisions, and other consumer electronics has increased as a result. The market is further driven by consumers’ increasing inclination for small, stylish gadgets and by major industry players’ ongoing expenditures in R&D to enhance the functionality and productivity of flexible displays.

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TRENDS INFLUENCING THE GROWTH OF THE FLEXIBLE DISPLAY MARKET

The market for flexible displays is expanding at a substantial rate because of Organic Light Emitting Diode (OLED) technology, especially in the smartphone and tablet segments. When compared to typical LCD displays, OLED displays are preferred due to its greater image quality, which includes higher contrast ratios, faster reaction times, and better color accuracy. Their small, light weight, and flexibility enable the creation of cutting-edge gadget designs, such curved and folding screens, which are becoming more and more well-liked by users. Since OLED technology satisfies customer desire for svelte, highly functional, and aesthetically beautiful gadgets, its adoption by top manufacturers in flagship smartphones and high-end tablets is driving market expansion.

The flexible display industry is expanding at a substantial rate thanks to the usage of flexible screens in wearable technology. The development of lightweight, robust, and flexible screens that can follow the curves of the human body has been made possible by flexible OLED and e-paper technologies, which improves the wearable devices’ use and comfort. These displays may be easily integrated into a variety of form factors, such as smartwatches, fitness trackers, and medical monitors. They also have excellent image quality and low battery consumption. Flexible display usage is speeding up and the market is developing as a result of customer desire for wearable technology that is both innovative and visually beautiful, as well as the increased emphasis on health and fitness monitoring.

Another important element propelling market expansion is the deployment of flexible displays by the automobile industry. Advanced infotainment, dashboard, and head-up display systems are becoming more and more common in modern cars. Flexible screens provide automakers the chance to create creative, curved, and ergonomic interfaces that improve the look and feel of their vehicles. Flexible displays are in high demand as a result of the rising trend towards connected and autonomous vehicles. These displays offer adaptable and aesthetically pleasing ways to integrate cutting-edge technologies into the interior of automobiles.

The market for flexible displays is being greatly impacted by the growing popularity of foldable smartphones. Leading smartphone makers are introducing foldable versions that provide bigger screens in smaller form factors by utilizing flexible display technology. Customers looking for rich viewing experiences and multitasking capabilities may find these devices appealing. Flexible display demand is being driven by the creative design and improved functionality of foldable smartphones, which are generating consumer attention and acceptance. The rivalry grows as more companies join the foldable smartphone space, which accelerates the development of flexible display technology.

The rising demand for foldable smartphones is having a significant effect on the flexible display business. Prominent manufacturers of smartphones are releasing foldable models that use flexible display technology to give larger screens in smaller form factors. These gadgets may be intriguing to customers who are searching for multitasking capabilities and rich viewing experiences. The need for flexible displays is being fueled by foldable smartphones’ innovative designs and enhanced functionality, which are drawing interest and acceptance from consumers. The competition intensifies as more businesses enter the foldable smartphone market, hastening the advancement of flexible display technology.

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FLEXIBLE DISPLAY MARKET SHARE ANALYSIS

Because of the strong consumer electronics industry and the presence of large electronics manufacturers, the flexible display market in Asia-Pacific is expanding significantly. Leading nations in the creation and manufacturing of flexible display technology include China, Japan, and South Korea.

The fast commercialization of flexible displays is facilitated by the region’s robust manufacturing base and significant expenditures in research and development. The use of cutting-edge display technology in products like smartphones, wearables, and televisions, together with the strong demand for cutting-edge consumer electronics, are further factors propelling market expansion in this area.

Key Players:

Samsung Display (Korea)LG Display(South Korea)Hewlett-Packard Company (US)Atmel Corporation (US)Kent Displays (US)Universal Display Corporation (US)Novaled AG (Germany)DuPontCorning (US)Philips Electronics (Netherlands)Materion Corporation (US)AU Optronics (Taiwan)E Ink Holdings (Taiwan)

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global Tablet & Notebook Display market was valued at USD 17200 million in 2023 and is anticipated to reach USD 23550 million by 2030, witnessing a CAGR of 4.5% during the forecast period 2024-2030.

–  The global Interactive Display Screens market was valued at USD 1014 million in 2023 and is anticipated to reach USD 1546.5 million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.

–  Commercial Display Cabinet Market

–  Digital Display System Market

–  Intelligent Display System Market

–  The global Display Inspection Equipment market was valued at USD 2633.8 million in 2023 and is anticipated to reach USD 3502.6 million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.

–  The global Paper-like Display market was valued at USD 431 million in 2023 and is anticipated to reach USD 1844.3 million by 2030, witnessing a CAGR of 23.1% during the forecast period 2024-2030.

–  The global Flexible Electronic Paper Display market was valued at USD 870 million in 2023 and is anticipated to reach USD 1319.2 million by 2030, witnessing a CAGR of 6.0% during the forecast period 2024-2030.

–  Field Emission Display Market

–  Flexible LCD Display Market

–  Movable Imaging Display Market

–  Large Size Display Panel Market

–  Medium-Small Display Market

–  The global On-camera Monitor market is projected to reach USD 113.5 million in 2029, increasing from USD 86 million in 2022, with the CAGR of 4.2% during the period of 2023 to 2029.

–  Next Generation Display Market

–  The global Passive-Matrix OLED Display market was valued at USD 360 million in 2023 and is anticipated to reach USD 802.8 million by 2030, witnessing a CAGR of 12.5% during the forecast period 2024-2030.

–  Curved Screen Display Market

–  Expended Reality Display Market

–  Consumer Electronics Display Devices Market

–  The global Display Test Equipment market was valued at USD 2633.8 million in 2023 and is anticipated to reach USD 3502.6 million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.

–  The global market for LED Display Screen was estimated to be worth USD 7725.1 million in 2023 and is forecast to a readjusted size of USD 10840 million by 2030 with a CAGR of 4.9% during the forecast period 2024-2030

–  LED Interactive Display Market

–  Smart Display Market

–  OLED Displays and Accessories Market

–  The global market for OLED was estimated to be worth USD 20860 million in 2023 and is forecast to a readjusted size of USD 51130 million by 2030 with a CAGR of 13.5% during the forecast period 2024-2030

–  The global OLED Display Panel Luminescent Material market is projected to reach USD 1909 million in 2029, increasing from USD 593 million in 2022, with the CAGR of 18.2% during the period of 2023 to 2029.

–  Organic Light-emitting Diodes (OLEDs) Microdisplay Market

–  OLED Encapsulation System Market

–  The global Coater and Developer for Large Size OLED market was valued at USD 64 million in 2023 and is anticipated to reach USD 93 million by 2030, witnessing a CAGR of 7.5% during the forecast period 2024-2030.

–  Flexible Transparent OLED Displays Market

–  OLED Digital Signage Market

–  Foldable Flexible OLED Panel Market

–  The global Automotive OLED Lighting market is projected to reach USD 66 million by 2030 from an estimated USD 18 million in 2024, at a CAGR of 24.5% during 2024 and 2030.

–  OLED Deposition Equipment – Market

–  Biomedical-grade Polymer OLED Materials Market

–  The global Passive-Matrix OLED Display market was valued at USD 360 million in 2023 and is anticipated to reach USD 802.8 million by 2030, witnessing a CAGR of 12.5% during the forecast period 2024-2030.

–  AR and VR Silicon-Based OLED Panel Market

–  The global LCD TV Panel market is projected to reach USD 62410 million by 2030 from an estimated USD 54770 million in 2024, at a CAGR of 2.2% during 2024 and 2030.

–  The global TFT-LCD market is projected to reach USD 90020 million by 2030 from an estimated USD 102250 million in 2024, at a CAGR of -2.1% during 2024 and 2030.

–  The global LCD Touch Screens market was valued at USD 142 million in 2023 and is anticipated to reach USD 244.9 million by 2030, witnessing a CAGR of 8.1% during the forecast period 2024-2030.

–  Transparent LCD Display Market

–  LCD Splicing Screens Market

–  Flexible LCD Display Market

–  Flat Panel LCD Controller Market

–  Full LCD Instrument Cluster Market

–  Military LCD Display Market

–  LCD Diffusion Film Market

–  LCD Digitizer Market

–  LCD Panel Sealant Market

–  PCBs for Automotive LCD Market

–  LCD Screen Charging Pile Market

–  The global LCD Photoresists revenue was USD 1242.8 million in 2022 and is forecast to a readjusted size of USD 1449.9 million by 2029 with a CAGR of 2.2% during the forecast period (2023-2029).

–  LCD Reflective Film Market

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tKash Celebrates 1st Anniversary with Major Milestones and Exciting Promotions

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Achieving 100,000 Registrations, International Reach, and Celebratory Promotions Highlight tKash’s Remarkable First Year

KUALA LUMPUR, Malaysia, July 19, 2024 /PRNewswire/ — tKash, a pioneering financial services app, is celebrating its first anniversary with notable achievements and exciting promotions. Launched with a vision to simplify financial transactions, tKash has reached impressive milestones, including 100,000 registrations and up to 10,000 daily active users.

Since its inception, tKash has been dedicated to providing seamless and secure financial services. The app has enabled users to transfer up to RM 1 million across borders, offering peace of mind with its reliable and efficient service. In addition to money transfers, tKash provides convenient currency exchange services for up to 10 countries’ currencies, including Bangladesh, Indonesia, India, the Philippines, Pakistan, Singapore, Vietnam, Thailand, and Myanmar.

One of the standout features of tKash is its Live FC (foreign currency) Rates, which allows users to track currency fluctuations in real time, ensuring they make informed decisions when exchanging currencies.

The company’s growth and success have not gone unnoticed. tKash proudly featured its video on the iconic New York Times Square billboard and displayed billboards in Kuala Lumpur, enhancing its brand visibility on an international scale. Influencers from countries such as Thailand have shared positive reviews on social media, further boosting tKash’s presence on social media.

To celebrate its first anniversary, tKash is running a special promotion where users who refer their friends have the chance to share in a RM100,000 prize pool, making it even more rewarding to engage with the app. The company continues to innovate, with regular updates to its app, which are available for download on both the PlayStore and AppStore. In January 2024, tKash launched its official website, providing users another platform to access its services.

In just one year, tKash has proven to be a game-changer in the financial services industry, making everyday transactions smoother and more accessible. With its tech-savvy team and commitment to customer satisfaction, tKash is poised for continued growth and success.

tKash is a leading financial services app committed to making financial transactions easier and more accessible. With secure money transfers, real-time currency exchange rates, and a user-friendly interface, tKash transforms how people manage their finances. For more information, visit tKash.co.

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Saronic Raises $175 Million in Series B Funding, Valuing Company at $1 Billion

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Funding will accelerate Saronic’s growth and further scale production of its autonomous surface vessels for the U.S. Navy and its allies

AUSTIN, Texas, July 19, 2024 /PRNewswire/ — Saronic, a defense technology leader that designs and manufactures autonomous surface vessels (ASVs), today announced a $175 million Series B raise placing the company’s valuation at $1 billion. The funding round was led by Andreessen Horowitz (a16z), with participation from both new and existing investors, including 8VC, Caffeinated Capital, Elad Gil, and NightDragon, among others.

Saronic is redefining maritime superiority for the U.S. Navy and its allies by delivering the most effective and advanced ASVs at the speed and scale needed to meet the rapidly growing needs of the Joint Force. Saronic’s ASVs are designed to serve as a force multiplier for the existing Fleet, working alongside manned systems to allow naval forces to go farther and do more with less risk to life and mission. 

“We are creating an entirely new capability for the maritime domain, one that delivers naval power without the costs and delays of a shipyard,” said Saronic CEO Dino Mavrookas. “As the future of naval warfare will rely on manned and unmanned teaming, we must build solutions that easily integrate into the existing fleet and can be produced at scale to meet any emerging threat. We are grateful to our investment partners who believe so strongly in Saronic’s ability to meet that need.”

Saronic’s investor group is composed of firms committed to ensuring that the U.S. military maintains its decisive advantage in the face of an increasingly complex and competitive global threat landscape through the integration of advanced technology and innovative capabilities that truly meet the needs of the warfighter. 

“Our nation’s future depends on us continuing to build and deploy the best, most innovative technology” said Katherine Boyle, General Partner at a16z. “Saronic is developing the solutions we need to protect the warfighter and stay ahead of our adversaries, and we are proud to support their continued growth.”

This new investment will accelerate Saronic’s growth both domestically and internationally. At home, it will allow further expansion of Saronic’s in-house manufacturing capabilities and enable increased production of all its ASV models. Additionally, it will advance the research and development of new autonomous capabilities for naval and maritime forces, including increased technology and payload integration with government and commercial partners. Internationally, this investment will support Saronic’s expansion to more fully serve U.S. allies and partners in key markets.

“To deter China and other adversaries, the United States and our allies must bring intelligent, autonomous new capabilities to naval warfare,” said Alex Moore, Partner at 8VC. “Saronic delivers these capabilities on a relevant scale and timeline, and has enlisted the top engineers and operators in the industry.”

Saronic’s family of ASVs includes Spyglass (6′), Cutlass (14′) and Corsair, its largest model, which is currently in development and testing. Each vessel features integrated autonomous capabilities to meet a customer’s specific requirements and can carry diverse payloads in communication- and GPS-denied environments. Through the vertical integration of hardware and software as well as the use of a Modular Open Systems Architecture (MOSA), Saronic’s ASVs deliver greater interoperability at a price point that makes them attritable. Having a cost-effective capability that can be deployed without putting human operators in harm’s way increases the survivability of the fleet and enables commanders to engage in situations where the risk is too high to deploy a traditional manned system.

For more information about Saronic, please visit: https://www.saronic.com.  

Media Contact: Press@saronic.com 

 

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Summit-Friendship Solar Village Receives Reuters’ Global Energy Transition Awards 2024

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SINGAPORE, July 19, 2024 /PRNewswire/ — The ‘Summit-Friendship Solar Village’ project, located in Kabilpur within the Gaibandha district of Bangladesh, has received the prestigious Reuters’ Global Energy Transition Awards 2024 under the ‘Projects of Impact’ category in New York, USA on 25th June 2024. Among 500 entries this year from around the globe, this project was nominated for its concrete results in terms of improved energy affordability, and compensation for losses to improve local resilience for climate change.

This 57.6 kW scalable solar microgrid now benefits the 3,000 inhabitants of Kabilpur, Gaibandha. Kabilpur itself is a char—a remote sedimentary landmass found within a river—but finds itself ideally placed to act as hub for neighbouring chars within the Jamuna River, upon which it is situated.

“Summit wants to serve 100% of Bangladesh with infrastructure such as electricity and communication. Most chars fall outside the national grid. I believe these chars, like the rest of Bangladesh, deserve electricity. The award-winning NGO, Friendship, has done wonders. It’s a privilege to provide solar energy to the 3,000 people of Kabilpur Char in association with Friendship,” remarked Muhammed Aziz Khan, Chairman of Summit Power International.

“Anyone who has seen the Jamuna River in its full might will understand that mainline power grids are not really possible here. On the other hand, this solar grid will provide income-generating opportunities and livelihoods, as well as opportunities for children’s education in order for hope and dignity to thrive. We want to thank Summit for its support,” said Runa Khan, the founder of Friendship.

The solar village plays an integral role in allowing people from these isolated communities to have access to “modern” amenities, and have longer operational hours for both business and commerce, alongside academics and home use. Additionally, renewable solar energy also equates to less reliance on traditional kerosene lamps, which burn fossil fuels with toxic consequences.

About Summit Power International 

Summit Group is the largest infrastructure conglomerate in Bangladesh. Summit Power International Ltd (SPI), headquartered in Singapore, is the largest Independent Power Producer (IPP) in Bangladesh reflecting 17% of Bangladesh’s total private installed capacity and 7% of nation’s total installed capacity. In addition, it owns and operates a Floating Storage and Regasification Unit (FSRU) vessel and supplies 500 million cubic feet per day (mmcfd) of regasified LNG to Bangladesh. In 2019, Summit’s FSRU received equity investment from Mitsubishi Corporation. In 2019, JERA Co., Inc. (JERA), had acquired a 22% stake in Summit Power International. Recently, it has proposed the development of the country’s third FSRU and the Cabinet Committee on Economic Affairs has provided in-principle approval of the proposal in mid-June 2023. Most notably, the Meghnaghat II, which is a dual-fuel CCGT GE H Class plant with gross capacity of 590 MW on LNG, achieved the commercial operation date milestone on 26 April 2024.

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