ID: MRFR/SEM/1625-CR | February 2020 | Region: Global | 100 pages
E-Paper Display Market Study
Global E-Paper Display Market is predicted to touch USD 5,734.0 Million at a stellar 37.2% CAGR between 2017- 2023, reveals the current Market Research Future’s (MRFR) e-paper display market forecast report. The strong demand is due to growing concerns to save the environment by replacing papers with e-paper display devices.
The on-going COVID-19 pandemic has cast its spell on almost every industry, with the e-paper display industry being no exception. Electronic devices have been significantly impacted by the pandemic, with China being a major supplier for finished products and raw materials. The industry is experiencing a fall in production, supply chain disruption, and price fluctuations. The sales of leading electronic companies are likely to be impacted in the future. Major manufacturers such as Xiaomi, LG Display, and Samsung have suspended their manufacturing operations in South Korea, India, China, and European countries. Besides, this outbreak has also had an impact on the consumer demand for devices that are display integrated exacerbated by the government imposed lockdown across major countries.
On the brighter side, increased demand for e-paper displays in medical equipment such as respirators and ventilators are likely to have a positive impact on the global electronic paper display market growth. With healthcare entities laying emphasis on digital technologies that support physical distancing measures fully along with improving workflow efficiency, risk mitigation, and patient experience, and accuracy of communications, these display systems are experiencing huge gains in the healthcare domain. Digital notepads, patient care signs, patient room door signs, and patient communication boards are few healthcare setting applications where e-paper displays have made noteworthy progress.
Electronic shelf labels have gained immense traction among retailers that plan to curb prospective virus transmission routes, especially in their premises as well augment the delivery efficacy. In fact, retailers are relying on signs and menus made with e-paper display because they offer a unique aesthetic which seamlessly overtakes other digital display types.
Besides, there has been a new found interest in laptop PCs, tablet PCs, wearables, and e-readers for remote learning, entertainment, and support work-from-home desks with people staying confined in homes and keeping away from unnecessary outdoor activities. The growing demand for fitness wearables is also contributing to the burgeoning demand for e-paper displays.
E-paper displays are also supporting smart city & green mobility concepts that are also adding to the market growth. Leading e-paper display manufacturer, E Ink Holdings Inc, has experienced positive growth for its products, which also includes the latest unveiled Kaleido color e-paper display, and has decided to boost the capacity by 10-fold to suffice the needs of the growing market.
The increasing concerns to save the environment and save trees worldwide is likely to bolster the e-paper display market size over the forecast period. People are adopting digital technologies increasingly to minimize the use of papers for documentation tasks and reading.
Additional factors adding to the e-paper display market revenue include diverse application areas, vendors offering customized e-paper display services, cost-effective than LED or LCD displays, used as an alternative technology to LED or LCD display, alluring features such as allow readability during daylight, cause less fatigue to eyes, are light-weight and consume less power over other display technologies, demand for on-the-move information, increase in electronic readers, availability of easy-to-use display devices, rising penetration of smartphones, tablets, and mobile phones, and demand for effective display technologies. Besides, increasing accessibility of free e-books online and shift in tech-savvy users to portable electronic reading devices from traditional books are also adding market growth.
Development of Smart Cities to Offer Robust Opportunities
The development of smart cities is likely to offer robust opportunities to market players in the future.
The limited video capability is likely to limit the e-paper display market share during the forecast period.
The limited color richness may act as a major challenge for market players in the future.
Global E-Paper Display Market has been bifurcated based on End User, Technology, and Product.
By product, the e-paper display market is segmented into wearables, electronic shelf label, auxiliary displays, poster and signage, smart cards, mobile devices, and e-readers. Of these, the e-readers segment will lead the market over the forecast period.
By technology, the global e-paper display market is segmented into modular interferometric display, cholesteric display, electrowetting display, electrophoretic display, and others.
By end user, the global e-paper display market is segmented into media and entertainment, healthcare, retail, consumer electronics, and automotive. Among these, the consumer electronics segment will dominate the market over the forecast period.
The global e-paper display market geographically has been segmented into Europe, the Asia Pacific (APAC), North America, & Rest of the World (RoW). Of these, North America will remain the forerunner in the market over the forecast period. It will touch USD 1,885.5 million by 2023. Technological advances, rising investments transpired into the products development, market players developing cutting-edge display technologies, increasing uptake of such displays, high penetration of tablets, rise in application areas, and a positive environmental impact owing to less energy consumption over other display technologies, are adding to the global e-paper display market growth in the region.
The global e-paper display market in the APAC region is predicted to grow at the fastest pace over the forecast period. It will touch USD 1,561.1 million at a 42.1% CAGR by 2023. The presence of several key players, growing smart city infrastructure projects in China and India, growing investments in R&D in display technology, and rising retail industry is adding to the global e-paper display market demand in the region.
The global e-paper display market is competitive and fragmented in nature with the presence of several key players. These industry players have encompassed several strategies to remain at the forefront, such as acquisitions and mergers, partnerships and collaborations, strategic alliances, and more.
Prominent players profiled in the e-paper display market report include Bridgestone Corporation, CLEARink Displays, Pervasive Displays Inc., Cambrios Technologies Corporation, Sony Corporation, Visionect, Plastic Logic GmbH, Samsung Display Co. Ltd, LG Display Co. Ltd, and E-Ink Holdings Inc.
The e-paper display market report by Market Research Future throws light on the current trends and niches in the industry. The report also lays emphasis on the various market drivers, opportunities, market restraints, and challenges, as well as offers insights for the forecast period. It also throws light on the different market segments for a comprehensive understanding of the reader.
|Market Size||USD 5,734.0 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Technology, End-User|
|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||
Frequently Asked Questions (FAQ) :
The global market of E-paper display is expected to thrive at 37.2% during the forecast period and value at USD 5,734.0 Million by 2023.
In 2017, the global market of e-paper display market was valued at USD 898.8 million.
CLEARink Displays, Bridgestone Corporation, and Pervasive Displays Inc. are some major player of the E-paper display market.
E-readers, smart cards, mobile devices, auxiliary displays, poster & signage, wearables, and electronic shelf label are E-paper display products. E-readers are expected to gain substantial traction.
The North America e-paper display market is expected to lead globally due to the presence of disruptive technologies.
E-paper devices are display devices that imitate the appearance of ink on paper. The e-paper display market has grown primarily due to the growing demand for alternatives to LCD or LED technologies, particularly alternatives that incorporate reflectivity rather than backlighting as the means to visibility. The growing demand to protect the environment by reducing the use of paper is also likely to be a major driver for the global e-paper display market over the forecast period, as a number of private agencies have come up with innovative solutions that are likely to be popular among environment-conscious consumers, while governments are also likely to promote minimally energy-intensive digital signage to make it less taxing on the environment as well as longer-lasting.
The development of smart city infrastructure across the world is likely to be a major driver for the global e-paper display market over the coming years. Smart cities are likely to incorporate digital signage on a wide scale due to the benefits they present in terms of environmental viability. The transportation and retail sectors are likely to become major adopters of e-paper displays over the forecast period, with public transportation signage playing a leading role in the development of the global e-paper display market. The growing support to smart city development by governments across the world is likely to remain a major driver for the e-paper display market over the forecast period.
While e-paper displays have come very close to combining the luminosity and contrast ratio of conventional displays with the readability of paper, they lag behind when it comes to color displays. Rudimentary multi-color display has only been incorporated into e-paper displays in the last few years (2017-18), and matching the color palette of either conventional displays or paper remains outside the boundaries of current e-paper technology. This is likely to emerge as a major research avenue for players in the global e-paper display market in the coming years, especially as consumer electronics are the leading end user of e-paper displays and are likely to remain the leading sales channel for the e-paper display market over the forecast period. Increasing the clarity, i.e. resolution, of e-paper displays is also likely to be a major R&D avenue for players in the e-paper display market over the forecast period.
The report segments the global e-paper display market by product, technology, end use, and region.
By product, the global e-paper display market is segmented into e-readers, mobile devices, smart cards, posters and signage, auxiliary displays, electronic shelf labels, wearables, and others. E-readers hold the highest share in the global e-paper displays market at present, while the mobile devices segment is expected to exhibit the highest CAGR over the forecast period.
By technology, the e-paper display market is segmented into electrophoretic display, electrowetting display, cholesteric display, interferometric modular display, and others. Electrophoretic and electrowetting displays are the key segments of the global e-paper displays market; the former holds the largest share in the global e-paper displays market, while the latter is likely to exhibit the highest CAGR over the forecast period.
By end use, the global e-paper display market is segmented into automotive, retail, consumer electronics, healthcare, media and entertainment, and others. Consumer electronics is likely to remain the dominant contributor to the global e-paper displays market over the forecast period.
Regionally, the global e-paper display market is segmented into North America, Europe, Asia Pacific, and rest of the world. Asia Pacific is likely to be the major regional market for e-paper displays over the forecast period due to the growing demand for smart city infrastructure in the region’s developing countries.
The leading players profiled in the report include Samsung Display Co. Ltd. (South Korea), Pervasive Display Inc. (Taiwan), E Ink Holdings Inc. (Taiwan), Cambrios Technologies Corporation (U.S.), Visionect (Slovenia), LG Display Co. Ltd. (South Korea), CLEARink Displays (U.S.), Sony Corporation (Japan), Bridgestone Corporation (Japan), and Plastic Logic GmbH (Germany).
The global E-paper display market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology, and frequent changes in government policies are key factors that confront market growth. The vendors compete based on quality of service, pricing, and reliability. It is crucial for the vendors to provide advanced technology and value-added services for E-paper display vendors to survive and succeed in an intensely competitive market environment.
The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and advancement in digital services. E Ink Holdings Inc, Sony Corporation, Pervasive Display Inc, Samsung Display Co, Ltd., LG Display Co Ltd., Plastic Logic GmbH, Cambrios Technologies Corporation, Bridgestone Corporation, Visionect, and CLEARink Displays are major companies in the market that compete in terms of services offered, pricing of IPN devices, and availability of components from suppliers. These companies primarily focus on the replacing papers with e-paper display devices. Although the global players are dominating the market, regional players with small market shares also have a presence in the market. The global players are expected to strengthen their presence worldwide through organic and inorganic growth during the forecast period.
The vendors with better technical and financial resources can develop innovative product that render the competitors' products, obsolete and non-competitive even before they are launched, or costs are recovered. Therefore, vendors must develop new technologies and stay in touch with emerging technologies that could affect the continuing competitiveness of their product lines in the market.
Samsung Display is one of the leading providers of display solutions with specialization in LCD and OLED display technologies. Samsung Display is a subsidiary of Samsung Electronics Co., Ltd. The company offers various types of display products such as mobile displays, TV display, PID, and IT displays. Samsung pursues the strategy of expansion and product diversification. The company primarily focuses on R&D projects and joint investments as a part of their key strategy to meet its digital vision. The company concentrates on streamlining inventories. The company focuses on smart devices and strengthening its operational capabilities.
LG Display Co Ltd engages in the manufacture and sale of thin film transistors and organic light-emitting diode display (OLED) products. LG Display’s product portfolio includes television, commercial, monitor, notebook, mobile, auto, and OLED display. LG Display is a world leader in the development and production of OLED panels and has the largest global market share for large-sized TFT-LCD panels. As one of the leading providers of display technology, LG Display Co Ltd focuses on continuous R&D and investment in next-generation displays such as Flexible and Transparent displays. The company uses product differentiation strategy to develop and market specialty products.
Plastic Logic GmbH specializes in the development and manufacturing of flexible, glass-free electrophoretic displays, for smart cards, mobile devices, signage, and wearables. Its parent company is FlexEnable Limited. Plastic Logic partnered with E Ink Holdings to develop new technologies to produce flexible e-paper displays. Plastic Logic continuously develops new technologies related to e-paper displays for producing flexible, glass-free electrophoretic displays. The company also focuses on making strategic partnerships with market giants to expand its expertise for better research and development.
Bridgestone Corporation engages in the manufacture and sale of tires and rubber products. It operates through the following segments: tires and diversified products. The tires segment manufactures and sells tires, tubes, wheels, and accessories. It also offers retread material and services, and auto maintenance. The company operates in Asia-Pacific, Europe, the America, and rest of the world. The company focuses on maintaining optimum balance between short term management measures and mid-to-long term management measures with a focus on lean manufacturing as a part of the short-term development.
These companies contributed a major proportion towards market revenue of E-paper display market.