E-paper Display Market Outlook 2031
The global e-paper display market size was valued at USD 2.20 Billion in 2022 and is expected to reach USD 9.25 Billion by 2023 anticipated to expand at a robust CAGR 17.3% during the forecast period, 2023-2031. The growth of the market is attributed to increasing Internet penetration along with growing demand for consumer electronics such as tablets, laptops, and smartphones.
An Electronic Paper (E-paper) Display is also known as EPD. It is a display device that possesses high contrast appearance and has ultra-low power consumption Moreover, it is light-weight, which makes it handy for people. It provides the viewer a similar experience of reading from a paper while having the capacity to add more information.
Electronic ink or e-ink is a technology innovation that is utilized to mimic the presence of ordinary ink on e-paper. Unlike a traditional flat-panel board that uses a backdrop illumination to enlighten its pixels, e-paper mirrors lights similar to common paper and is capable for storing text and pictures without drawing power or using processor power.
One significant element that is required in the e-paper is that its pixels should be maintained stable without a consistent stockpile of force. Currently, the most used technology in the market is E Ink, a brand by E Ink Holdings, which holds a market share of over 90% and is used in e-readers, shelf labels, wearables, and e-notebook. E-paper displays are lightweight, battery-fueled, and can be mounted & moved at most places.
E-paper Display Market Trends, Drivers, Restraints, and Opportunities
- Increasing technological advancements is anticipated to boost the market during the forecast period.
- The COVID-19 pandemic had disrupted the supply chain activities.
- The global uncertainty in export shipments owing to trade war between the US and China hindered the market growth.
- Increasing penetration of smartphones, tablets, and laptops is powering the development in the customer gadgets industry. This, in turn, is proliferating the requirement of advanced displays. For instance, E-ink innovation is significantly utilized as it offers low eye strain and improved battery life.
- Low transfer speed of data and electrochemical intricacy may create challenges in the E-paper display market. Moreover, High assembly costs can restrain the market growth.
- Rising investments in the electronics industry, especially in the developing countries is expected to create opportunities for the E-paper display market.
Scope of E-paper Display Market Report
The report on the E-paper display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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E-paper Display Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Electrophoretic Display (EPD), Electrowetting Display (EWD), Electrofluidic Display (EFD), and Interferometric Modulator Display (IMOD)), Applications (E-Readers, Electronic Shelf Labels, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends.
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Key Players Covered in the Report
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Samsung Display Co. Ltd., Pervasive Display Inc., E Ink Holdings Inc., Cambrios Technologies Corporation, Visionect, LG Display Co. Ltd, CLEAR ink Displays, Sony Corporation, Bridgestone Corporation, and Plastic Logic GmbH
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E-paper Display Market Segment Insights
Type Segment Analysis
Based on types, the market is segmented into the electrophoretic display (EPD), electrowetting display (EWD), electro fluidic display (EFD), and interferometric modulator display (IMOD). The EPD and EWD segments are the key segments of the global e-paper display market.
EPDs are ideal for products where the reading experience is crucial. Increasing demand for e-readers across the globe is propelling the growth of the EWD segment. On the other hand, the EFD segment is anticipated to grow at a healthy rate during the forecast period.
Application Segment Analysis
In terms of applications, the market is divided into e-readers, electronic shelf labels, and others. The other segment is anticipated to exhibit a high CAGR owing to the growing use of e-paper displays for indoor signage; for instance, in event venues, hospitals, and hotels.
Conversely, the e-readers segment is anticipated to exhibit a high CAGR owing to the shift of people from conventional books to e-books owing to the portability and strain-free reading experience.
Regional Outlook
On the basis of regions, the market is classified as North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is anticipated to dominate during the forecast period due to the increasing government investment in smart city developments in emerging countries such as India and China.
North America accounted for a large share of the market in 2020 and is anticipated to grow at a steady rate in the coming years. The COVID-19 pandemic has encouraged people to read books, which in turn, has increased the demand for e-books in regions such as Asia Pacific and North America.
Segments
The global E-paper market has been segmented on the basis of
Types
- Electrophoretic Display (EPD)
- Electrowetting Display (EWD)
- Electrofluidic Display (EFD)
- Interferometric Modulator Display (IMOD)
Applications
- E-Readers
- Electronic Shelf Labels
- Others
Regions
- The Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Samsung Display Co. Ltd
- Pervasive Display Inc
- E Ink Holdings Inc
- Cambrios Technologies Corporation
- Visionect
- LG Display Co. Ltd
- CLEAR ink Displays
- Sony Corporation
- Bridgestone Corporation
- Plastic Logic GmbH
Competitive Landscape
Major players of the market are Samsung Display Co. Ltd., Pervasive Display Inc., E Ink Holdings Inc., Cambrios Technologies Corporation, Visionect, LG Display Co. Ltd, CLEAR ink Displays, Sony Corporation, Bridgestone Corporation, and Plastic Logic GmbH.
- In January 2020, E Ink Holdings announced the expansion of its color e-Paper offerings to expand its applications within retail, education, signage, and consumer electronics sector.
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