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A01574 | Pages: 199 | Charts: 54 | Tables: 114 |
The global e-paper display market size was valued at $1.6 billion in 2020, and is projected to reach $9.5 billion by 2030, growing at a CAGR of 17.3% from 2021 to 2030.
Electronic paper display (EPD) is a significant development in display technology owing to its advanced features, such as readability in direct light (indoor as well as outdoor ambience), low power consumption, flexibility, durability, lightweight, and convenient composition. It is also known as a bistable display, which refers to the retention of content on the screen even when the power is turned off.
Electronic paper display presents itself as a practical fusion of physics, chemistry, and electronics. The ink utilized in this display technology is termed e-ink, with a chemical composition similar to the pigment used in the conventional printing industry. Instead of being deposited on paper, this ink takes the form of tiny capsules (about the diameter of a human hair sandwiched between two electrodes) to produce a monochrome result or sometimes a result with limited colors. Two-pigment ink system is used for monochromatic EPDs, whereas for applications using multiple colors, like electronic shelf labels, a three-pigment ink system is used.
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The e-paper display market growth across various applications is attributed to factors such as ongoing technological advancements in e-paper screens, positive environmental impact owing to very little energy consumption as compared to other display technologies, and an increase in application areas of large e-paper displays. The advantages offered by these papers displays in terms of readability, user experience, energy consumption, and manufacturing cost, are some of the factors that drive the global electronic paper display market. However, lack of awareness, low refresh rate, and absence of a wide color palette, along with video output limitations, restrict the overall e-paper display industry growth.
The e-paper display market is segmented on the basis of product, application, and geography.
The products segment is classified into auxiliary displays, e-readers, electronic shelf labels, and others.
[PRODUCTGRAPH]
The application segment includes consumer & wearable electronics, institutional, media & entertainment, retail, and others.
[APPLICATIONGRAPH]
Geographically, the e-paper display market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA.
[REGIONGRAPH]
The significant impacting factors in the e-paper display industry include technological innovation and ongoing advancement, growing application areas, and environmental impact, which impact the growth of the market. However, limitations related to color palette and video output, and the low refresh rate of e-paper displays are expected to hinder the growth of the e-paper display market. Conversely, an increase in participation of key players and growth in the retail automation industry are projected to offer remunerative e-paper display market opportunities. Each of these factors is anticipated to have a definite impact on the market during the forecast period.
The outbreak of COVID-19 significantly affected the electronics and semiconductor sectors. Businesses and manufacturing units across various countries were closed, owing to an increase in COVID-19 cases, and were estimated to remain closed in 2021. Furthermore, partial or complete lockdowns disrupted global supply chains, posing challenges for manufacturers to reach customers.
The COVID-19 pandemic impacts society and the overall economy across the globe. The impact of this outbreak grows day by day, affecting the overall business globally. The crisis is creating uncertainty in the stock market, falling business confidence, massive slowing of the supply chain, and increasing panic among customer segments.
Asian and European countries under lockdowns suffered major losses of business and revenue due to the shutdown of manufacturing units. The operations of the production and manufacturing industries were heavily impacted by the outbreak of the COVID-19 pandemic, which negatively impacted the growth of the e-paper display market outlook.
The COVID-19 pandemic impacted the electronics sector, as the production facility halted, which, in turn, resulted in a decrease in demand for electronics and semiconductor products in various industries. Its major impacts include large-scale manufacturing interruption across Europe and interruption in Chinese parts exports, which are expected to hinder the e-paper display market opportunity.
The key players profiled in the report include Liquavista B.V. (Amazon), Cambrios Technologies Corporation, CLEARink Displays, Inc., E Ink Corporation, Guangzhou OED Technology Inc., GDS Holding S.r.l., Plastic Logic, LG Electronics Inc., Pervasive Displays Inc., Samsung Electronics Co. Ltd., Ynvisible Interactive Inc. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in the e-paper display market.
Key Market Segments
Key Market Players
Other Players In The Value Chain Include