E paper Display Market Overview
Electronic paper has gained significance owing to concerns of environmental damage and the breakthroughs in devices and inks. It is also known as E-paper or radio paper. Development of various mediums for displaying e-paper and the proliferation of portable devices is likely to lionize its scope in the coming years. The global e-paper display market report by Market Research Future (MRFR) takes a look at developments of the burgeoning technology, applications, and various drivers and challenges for the period of 2022 to 2030 (forecast period). The COVID-19 pandemic and its impact on the industry is analyzed with perspective to different countries.
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Market Scope
The global e-paper display market is expected to grow from USD 898.8 million in 2020 to USD 5,734.0 million by 2030, at a compound annual growth rate (CAGR) of 37.2% during the forecast period.
Alternative technologies to LCDs and LEDs, growing concerns for the environment, and large application areas are major drivers of the market. The affordable e-paper display technology owing to being lightweight, causing less fatigue to eyes, and exceptional reading facility even at night can bode well for the market. Initiatives for development of smart cities and smart homes and procurement of smart devices can fuel the global e-paper display market growth. Smart signage for architecture, retail, and transportation owing to its energy-efficiency can be lucrative for the market.
Investments in colored e-display technologies can expand the scope of the market. This is exemplified by the launch of a new color e-paper made by the collaboration of Wacom and E Ink Holdings in 2019. But recurring problems during refreshing can lead to viable product being launched only by 2021.
The COVID-19 pandemic has led to a decline in Ad revenue with print publishing houses experiencing heavy losses. The market may face threats from printing houses due to the dissemination of e-papers in PDF formats on messaging applications. To this regard, digital publishing firms have agreed to partner with media houses for releasing e-papers to regain their customer base and sustain during this period.
Regional Analysis
By region, the market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America accounted for the largest market share in the e-paper display market, owing to the technological advancements in the region. It can reach a value of USD 1,885.5 million by 2023. The success of e-school tablets, uptick in sales of smart devices, and developments in display technologies an fuel the market growth.
APAC is expected to grow at a significant rate over the forecast period to reach a valuation of USD 1,569.1 million by 2023. The decline of print media houses and shift to electronic formats of reading can drive the market growth in the region.
Segmentation
The e-paper display market has been segmented on the basis of product, technology, and end-user.
On the basis of product, the market has been segmented into e-readers, mobile devices, wearables, smart cards, auxiliary displays, poster & signage, and electronic shelf label. E-readers are likely to hold the largest market share owing to the popularity of the devices, whole mobile devices can display a stellar growth rate during the forecast period.
By technology, the market has been segmented into cholesteric display, modular interferometric display, electrophoretic display, electrowetting display, and others. The electrophoretic display segment is expected to garner huge revenues for the global e-paper display market owing to the use of e-inks for digital publications and e-readers such as Amazon Kindle. Applications in digital and transport signage can sustain the segment growth till 2023.
By end-user, the market has been segmented into media & entertainment, retail, automotive, consumer electronics, and healthcare. Consumer electronics is projected to hold the largest market share till 2023.
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Competitive Outlook
Plastic Logic GmbH, CLEARink Displays, Samsung Display Co. Ltd, Cambrios Technologies Corporation, Bridgestone Corporation, E-Ink Holdings Inc., Sony Corporation, Visionect, Pervasive Displays Inc., and LG Display Co. Ltd are key players of the global voice over IP market. Market players are expected to expand their hold over the market by improving the current technology and applications as well as indulging in mergers and acquisitions.