The global e-paper market is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. 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.
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.
E-paper Display Market Segment Insights
Based on types, the market is segmented into electrophoretic display (EPD), electrowetting display (EWD), electrofluidic 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 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.
In terms of applications, the market is divided into e-readers, electronic shelf labels, and others. The others 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.
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 the smart city developments in the 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.
About Growth Market Reports:
GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.
Contact:
Growth Market Reports
Phone: +1 909 414 1393
Email: sales@growthmarketreports.com
Web: https://growthmarketreports.com
Follow Us: LinkedIn | Twitter