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Global E-Paper Display Market Was Valued At US$ 1.2 Bn In 2019 And It Is Expected To Reach More Than US$ XX Bn By 2028, Likely To Grow With The CAGR Of 30.7% During The Forecast Period.
E-paper displays is also known as the biostable display that refers to the retention of content on the screen even when the power is turned off. The E-paper displays are reusable storage and display medium. E-paper displays are readable in direct sunlight with a wide viewing angle, lightweight, and durable.
The benefits of these displays such as low power consumption and enhanced performance are expected to drive e-paper display market growth over the forecast period. The major factors driving the growth of the E-Paper Display market include factors such as ongoing technological advancements, less energy consumption as compared to other display technologies and an increase in application areas.
Rapid Urbanization And Smart City Growth Initiatives Is A Vital Driver Of The Market
The E-paper display technology is accessible in the form of e-reading devices their use is expected to increase in the future smart cities such as bus stations, smart signage for transportation, e-paper license plates, etc. Moreover, the electronic paper display market growth across various applications is attributed to factors such as positive environmental impact with less energy consumption as compared to other display technologies and endeavors to reduce paper wastage. Businesses across the globe are now committed to protecting the environment and paper waste is one of the key contributors to environmental issues, has observed a reduction in paper usage chiefly. E-paper offers the advantage of being eco-friendly and are widely adopted. Free internet access in e-readers has also helped in popularizing e-paper displays which would lead to market expansion in future
The Growing Demand For Tablets And Smartphones Along With Increasing Internet Usage Is Expected To Drive Demand Over The Forecast Period.
The rising rate of Internet usage is leading to the popularity of paperless operations in offices and institutes. In addition, the introduction of unique file formats wished-for reading and sharing documents on the internet further promotes the concept of a paperless office. E-paper is expected to develop new markets for novel devices such as Amazon Kindle and Barns & Nobel Nook. The use of e-paper displays across many applications including digital displays, e-books, portable signs, and E-papers is also expected to drive the market growth
Low switching speed and high manufacturing costs will restrain the e-paper display market. However, the potential to explore untapped markets and a rise in investment is expected to provide avenues for market growth.
E-Readers Segment Is Expected To Dominate The E-Paper Display Market
Based on the product, the e-readers segment accounted for the largest market share with a value of around 310.5 million in 2019; it is projected to register a CAGR of xx% during the forecast period.
The E-readers segment is dominating this market due to the increasing number of E-readers in major economies such as the U.S, U.K, China, and others. Also, an E-book reader is portable, high capacity for storage and others.
While by End-use application, the consumer electronics segment is expected to witness the highest growth in the E-paper display market across the globe. This segment was the largest in 2019 with a market value of 345.3 million. it is projected to exhibit a CAGR of xx% over the forecast period.
North America To Dominate The E-Paper Display Market During The Forecast Period
North America was the highest contributor to the global electronic paper display market with around 45% of the total market share in 2019 and is estimated to dominate until the end of the forecast period. In 2019, North America dominated the global market; the regional market was valued at US$ 434.6 million and is expected to register a CAGR of xx % during the forecast period. The major factors driving the growth of the North American E-Paper Display market are the high penetration of smartphone and tablets by the consumers. In addition, the investment opportunities across various applications have been identified by analyzing parameters such as ongoing developments, product availability, technological viability, growth in the revenue in the future, and the rate of adoption.
However, the market in Asia-Pacific is expected to be the fastest-growing at the highest CAGR around 41.2% during the forecast period.
The key players in E-paper display market are E Ink Holdings Inc., Amazon Liquavista, Clearink Display,Cambrios Technologies Corporation,Guangzhou Oed Technologies Co. Ltd, Inkcase, LG Electronics, Pervasive Displays, Plastic Logic, and Samsung. Some of the other players in the value chain include DisplayData, Solomon Systech Limited,DKE Co. Ltd Motion Display, and Ubiik.
Global E-Paper Display Market Key segments:
Global E-Paper Display Market, By Product Type
- Electronic Shelf Labels
- Auxiliary Displays
Global E-Paper Display Market, By Application
- Automotive & Transportation
- Media & Entertainment
- Consumer & Wearable Electronics
- Retail & Enterprise
Global E-Paper Display Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America