Global E-Paper Display Market is predicted to touch USD 10 Billion at a stellar 17% CAGR between 2020- 2030
The e-paper display market is projected to reach approximately USD 10 billion by 2030, at a CAGR of 17% from 2020 to 2030. E-paper display represents a significant advancement in display technology due to its superior qualities, including readability in direct light, low power consumption, flexibility, durability, lightweight, and convenient construction, the retention of content on the screen even when the power is off is referred to as bistable display. As per the market research, the growth of the e-paper display market across various applications can be attributed to factors such as ongoing technological advancements in e-paper screens, a positive environmental impact due to very low energy consumption when compared to other display technologies, and an increase in the application areas of large e-paper displays. Though, low refresh rate, and absence of wide color pallet, along with video output limitation, restrict the growth of the market.
COVID-19 Impact Analysis
According to the market report, the electronics and semiconductor industries were heavily impacted by the COVID-19 epidemic. Due to a rise in COVID-19 cases, businesses and manufacturing facilities worldwide were shut down, and it is anticipated that they will remain shut in 2021. Additionally, a full or partial shutdown impacted the world's supply chains, making it difficult for manufacturers to reach their customers. The COVID-19 pandemic had an effect on the electronics industry because the production facility was shut down, which in turn caused a drop in the demand for semiconductor and electronics products in several industries. Two of its significant effects, which are anticipated to limit the market opportunity for e-paper displays, are the cessation of large-scale manufacturing across Europe and the export of Chinese parts.
The e-paper display market dynamics include significant influencing elements like technical innovation and continued progress, expanding application areas, and environmental effects, all of which have an impact on market growth. Conversely, a boost in major player engagement and expansion in the retail automation industry are expected to provide lucrative e-paper display market prospects. These factors are expected to influence market growth in the coming years significantly. Moreover, increasing demand for electronic devices such as smartphones, tablets, and wearable devices is anticipated to drive market growth in the next few years.
The growing concern about saving the environment and saving trees is expected to boost the e-paper display market size over the forecast period. People are increasingly using digital technologies to reduce their reliance on paper for documentation and reading. Thus, it acts as a market driver over the forecast period.
Technological advancements in the e-paper
The low refresh rate of the e-paper display is hampering the market growth in the coming years. This is majorly due to low refresh rates, which can cause your screen to flicker. As a result, the consumers of the industry are changing their preference over e-paper to physical paper. Therefore, it is expected to impede product sales in the market.
As per the market overview, the future of the e-paper displays market is expected to be promising due to various research and development efforts by entry system manufacturers. Manufacturers of e-paper Displays are always working to create and incorporate durable technologies into their products. Energy-efficient industrial doors are a significant focus of manufacturers to produce products with cutting-edge technology. Nowadays, industrial doors operate solely with motors, but manufacturers are integrating variable speed drives alongside the motor, which is highly effective in energy savings, and the introduction of adjustable or variable speed drives the market growth in the future.
E-Paper Display Segmentation
Product Type Insights
Based on product type, the e-paper display market segmentation has been divided into auxiliary display, electronic shelf labels, e-readers & others. The e-readers category accounted for the majority of revenue share in 2021 and is estimated to sustain its dominance over the coming years. The low cost of the devices, the advent of feature-rich e-readers, discounts on e-books, and the growing acceptance of the online learning paradigm boost product demand in the market.
Based on application vertical, the e-paper display market segmentation is divided into consumer and wearable electronics, institutional, media and entertainment, retail & others. The media & entertainment held the largest market share in 2021. The need for potential technology-driven solutions in the media and entertainment business is increasing as content is consumed more swiftly and in more diverse ways. Because of quick internet access and the ease of contacting clients, the interaction between users and content providers has entirely shifted.
Global E-Paper Display Market Share, By Region, 2021 (%)
As per the forecast, the e-paper display market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America dominated the market with the largest revenue share in 2021. Asia-Pacific is to register a significant growth rate over the forecast period.
According to market research, North America held the largest share of the e-paper displays market in 2021. This growth is majorly due to the rising penetration of smartphones and tablets across the region. Further, increasing technological advancements and a beneficial environmental effect from using significantly less energy than other display technologies are anticipated to fuel the product demand in the market.
The Asia-Pacific market size is expected to grow rapidly during the projected period due to the increasing adoption of e-paper display technology in various end-use applications across emerging economies such as China, India, Japan, and other Asian countries. Moreover, the improved internet connectivity and the introduction of 4G and 5G technology are expected to boost market growth in the coming years.
The competitive market landscape includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as Liquavista B.V., Samsung Electronics Co. Ltd., Cambrios Technologies Corporation, and LG Electronics Inc. dominate the e-paper display market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are concentrating on supporting research and development. Furthermore, they embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base. For instance, in March 2022, E Ink Corporation launched E Ink Gallery Plus, the newest iteration of their Advanced Color ePaper (ACeP) platform. The color range of this next-generation, full-color e-paper module is 60,000, which is an improvement over the previous edition. This launch will expand the product portfolio as well as the customer base of the company.
Prominent players in the e-paper display market include Liquavista B.V., Samsung Electronics Co. Ltd., Cambrios Technologies Corporation, CLEARink Displays, Inc., E Ink Corporation, Guangzhou OED Technology Inc., GDS Holding S.r.l., Plastic Logic, LG Electronics Inc., and Pervasive Displays Inc.
Scope of the Report
E-Paper Display Market, Product Outlook
E-Paper Display Market, Application Outlook
E-Paper Display Market, Region Outlook
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
Market Size and Forecast:
To identify and estimate the market size for the e-paper display market segmented by product type and application value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of e-paper display between 2022 and 2030
Market Landscape and Trends:
To identify and infer the drivers, restraints, opportunities, and challenges for the e-paper display market
Market Influencing Factors:
To find out the factors which are affecting the sales of e-paper display among consumers
Impact of COVID-19:
To identify and understand the various factors involved in the e-paper display market affected by the pandemic
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
|Market Size||USD 10 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||North America, Europe, Asia-Pacific, and the Rest of the World (RoW)|
|Segments Covered||Growth in the retail automation industry|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Pervasive Display Inc. (Taiwan), E Ink Holdings Inc. (Taiwan), Sony Corporation (Japan), Plastic Logic GmbH (Germany), Samsung Display Co. Ltd. (South Korea), LG Display Co. Ltd. (South Korea), Visionect (Slovenia), Cambrios Technologies Corporation (U.S.), CLEARink Displays (U.S.), and Bridgestone Corporation (Japan)|
|Key Market Opportunities||Development of Smart Cities.|
|Key Market Drivers||
The global market of E-paper display is expected to thrive at 17% during the forecast period and value at USD 10 BilliThe global market of E-paper display is expected to thrive at 17% during the forecast period and value at USD 10 Billion by 2030.on by 2030.
The e-paper display market is growing at a CAGR of 17% over the next 10 years.
Asia-Pacific is expected to register the highest CAGR during 2022 - 2030
North America held the largest share in 2021
The major companies operating in the e-paper display market include Liquavista B.V., Samsung Electronics Co. Ltd., Cambrios Technologies Corporation, CLEARink Displays, Inc., E Ink Corporation, and Guangzhou OED Technology Inc., among others.