The report, by Data Bridge Market Research, said the global foldable display market is expected to register a healthy CAGR of 69 percent in the forecast period 2019 to 2026.

The prediction is based on a study of Samsung, LG, BOE Technology, Applied Materials and Royole Corporation's work developing the tech.

It said that the rising smartphone ownership and huge demand for new and advanced smartphone displays are driving market growth. Technological advancements in OLED display technology is one of the major drivers for the foldable display market.

The cost of the new phones is not an issue because the world is apparently swimming in cash at the moment with nothing to spend it on.

"Increasing disposable income & spending capacity of the American citizens for the consumption of costly electronic devices may propel the growth of the market", the report said,

However, the high costs of introducing the tech may restrain the market growth as are incompatibility issues of the hardware and software.

The report said that the top players in the Global Foldable Display Market are Samsung Electronics, LG Display and BOE Technology Group.