DSCC Sees Foldable Displays Market Approaching $9 Billion Globally in 2022

Display Supply Chain Consultants forecasts the display industry will ship 3.1 million foldable units globally next year after Q1 debut of foldable smartphones from Samsung and Huawei, said the company Wednesday, publicizing release of what it called the industry’s first report dedicated to foldable display technology. By 2022, DSCC sees the foldable market for all applications at 63 million units, based on a 173 percent compound annual growth rate, it said. Most display brands and panel suppliers “are quite excited about the long-term prospects for foldable displays,” said CEO Ross Young. “They are hoping the innovative form factor and ability to incorporate larger displays into smaller form factors will drive ASPs and revenues higher,” he said of average selling prices. DSCC sees foldable displays becoming nearly a $9 billion global market in 2022, based on a 151 percent CAGR in revenue, it said.