PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437524
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437524
E-Paper Display Market size was valued at USD 3,318.5 Million in 2023, expanding at a CAGR of 13.5% from 2024 to 2032.
Electronic paper, often known as e-paper, is a unique kind of display that runs on electricity-free energy to show text and images. The projected image seems like ink on paper, much like actual paper. It reflects light instead of emitting it, as opposed to conventional LCD or OLED displays. Because of this feature, reading on an e-paper display is quite pleasant, even in bright sunshine. Furthermore, e-paper does not require a backlight, in contrast to LCD or TFT displays.
E-Paper Display Market- Market Dynamics
Expansion of the E-Reader industry drives market growth
E-readers, including the Kindle from Amazon and the Kobo from Rakuten, have been crucial in making E-Paper Display technology widely used. The market for e-readers has been steadily expanding due to features like portability, ease of use, and a large online library. E-paper technology has also played a significant role in producing screens that mimic the feel of a real book, being easy on the eyes and legible in a variety of lighting settings. E-readers are made even more appealing by the fact that they are lightweight devices that can store hundreds of books. The need for e-paper displays is predicted to increase in tandem with the evolution of e-readers, which are likely to include features like color screens and waterproof construction. To get a bigger piece of this expanding market, companies in the e-paper sector are always coming out with new and faster refresh rates, and color-enabled, high-resolution screens.
E-Paper Display Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 13.5% over the forecast period (2024-2032)
Based on product segmentation, the E-readers segment dominates the market
Based on application segmentation, the retail segment is expected to hold the largest market share during the forecast period
Based on region, North America held the largest market share in 2023
The Global E-Paper Display Market is segmented based on Product, Application and Region.
The market is divided into four categories based on product: E-Readers, Electronic Shelf Labels, Auxiliary Display and Others. The E-Readers segment dominates the market and is likely to maintain its dominance during the forecast period. The ability to store hundreds of books on a single lightweight, portable device makes these gadgets perfect for travelers and voracious readers. Technological developments have also led to the development of E-Readers with longer battery lives, better screens, and quicker refresh rates. This improves the user experience as a whole and increases the rate of customer adoption.
The market is divided into five categories based on application: Media and Entertainment, Retail, Consumer and Wearable Electronics, Institutional and Others. The retail segment is expected to hold the largest market share during the forecast period. Electronic Shelf Labels are one of the main applications of E-Paper displays in retail (ESL). ESLs use digital displays that can be updated remotely to replace conventional paper labels. This eliminates the need for manual label replacement and enables shops to easily conduct promotions, update product information, and adjust prices.
E-Paper Display Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America held the largest market share in 2023 and is expected to continue the same pattern during the forecast period because of the growing need for EPDs across several industries, including wearables, retail, e-readers, and signs. The market is driven by factors such as the rising popularity of smart devices, the demand for energy-efficient display solutions, and the requirement for e-books.
The key players operating in the market are GDS Holding S.r.l., Guangzhou OED Technology Inc., Pervasive Displays Inc., Samsung Electronics Co. Ltd., Liquavista B.V., CLEARink Displays, Inc., Cambrios Technologies Corporation, E Ink Corporation, LG Electronics Inc. and Plastic Logic. These players adopted various types of strategies to remain competitive in the market such as product launches, acquisitions, expansion, approvals, agreements and others.
In March 2023, E Ink Holdings Inc., a prominent worldwide company in the digital signage industry, and Sharp Corporation, a pioneer and developer of ePaper technology, announced a collaboration to commercialize ePaper posters using E Ink's technology.
GLOBAL E-PAPER DISPLAY MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
GDS Holding S.r.l.
Guangzhou OED Technology Inc.
Pervasive Displays Inc.
Samsung Electronics Co. Ltd.
Liquavista B.V.
CLEARink Displays, Inc.
Cambrios Technologies Corporation
E Ink Corporation
LG Electronics Inc.
Plastic Logic