Electronic Paper Display Market - Forecast(2024 - 2030)

Electronic Paper Display Market Overview

The Electronic Paper Display market size is forecast to reach $8.43 billion by 2027, growing at CAGR of around 8.2% from 2022 to 2027. The growth of the Electronic Paper Display market is mainly driven by the increasing demand for various consumer electronics including smart watchers, laptops, wearables, and others; as well as its suitability for replacing the paper usage, which will create a positive impact on the environment. Furthermore, the growing popularity of e-readers, e-newspapers, e-books and others plays a major role in driving the growth of electronic paper display industry. Apart from that, Electrophoretic Display, Electrowetting Display, Cholesteric Display and other technology based electronic paper display product offers better battery life, enhanced readability, higher durability compared to other display technologies including liquid crystal displays, thin film transistor LCD and others. Additionally, this technology is also being used across various industries such as automotive, transportation, healthcare and others. For instance, in March 2020, Papercast deployed e-paper bus stop displays, powered by solar energy at two bus stops in London. Hence, the above-mentioned factors are fuelling the growth of Electronic Paper Display industry during the forecast period 2022-2027.

Report Coverage

The report: “Electronic Paper Display Market– Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Electronic Paper Display Market.

Key Takeaways

• North America held the major market share in 2021 and is estimated to witness the significant growth during 2022-2027, owning to increasing demand for consumer electronics and high usage rate of this technology.
• The market of Electronic Paper Display is estimated to witness significant upsurge during the forecast period, owing to the growing adoption rate of smart gadgets across the world.
• This industry is consolidated with top market players including Pervasive Display Inc., E Ink Holdings Inc., Sony Corporation, Plastic Logic GmbH, Samsung Display Co. Ltd. among others.

Electronic Paper Display Market Segment Analysis - By Product Type

By Product, the Electronic Paper Display market is segmented into E-readers, Mobile devices, Smart cards, Poster and Signage, Auxiliary displays, electronic shelf label, Wearable Devices and Others. Wearable devices segment is analysed to grow with a CAGR of around 9.5%, during the forecast period 2022-2027. The growth of this market is mainly driven by the increasing demand for smart wearable devices such as smart-watches, and others, due to its various health benefits and integration of more effective display technology into those smart devices is one of the major drivers, accelerating the market growth during the forecast period 2022-2027. With technological advancement and economic development, the demand for smart wearable devices is rising and to fulfil such demands major market players are strategically taking several steps. In November 2019, Fossil unveiled its new generation of hybrid smartwatches, with advance features such as e-ink display, which allows the watch to display more information like your heart rate, number of steps, weather information, and notifications. Hence these types of developments of are analysed to drive the market in the forecast period 2022-2027.

Electronic Paper Display Market Segment Analysis - By End User Industry

Based on end-user industry, Electronic Paper Display Market is segmented into Automotive, Packaging and logistics, Consumer Electronics, Institutional, Retail, Healthcare, Media and Entertainment and Others. According to Electronic Paper Display Market report of IndustryARC, Electronic Paper Display market size for consumer electronics industry is analysed to grow with a CAGR of 8.8% during 2022-2027, owing to increasing purchasing power and popularity of advanced smart gadgets. Growing demand for consumer electronics is one of the major driving factors behind the growth of electronic paper display market, as this product is highly being used in various types of consumer electronic products as an efficient and effective display technology. This technology also offers various health benefits such as low eye strain. Hence, the above-mentioned factors provide incentives to the market players to take various strategic steps. In April 2020, Hisense announced about the launch of its two new A5C and A5Pro CC phones, equipped with a color e-ink screen that can display 4096 kinds of rich colors. Such developments create a positive impact on the growth of this market. Therefore, with such increasing demand for various consumer electronics such as headsets, smartphones, wearables and others, the demand for electronic paper display is also witnessing an exponential growth, thereby driving the growth of this market.

Electronic Paper Display Market Segment Analysis - By Geography

North America dominated the market with around 33% Electronic Paper Display market share in 2021, and is estimated to grow, with a CAGR of around 6.5% during the forecast period 2022-2027, due to the increasing demand for technologically advanced consumer electronics such as smart-phones, laptops, wearable devices as well as e-readers, e-notebook, e-newspapers among the people and various prominent developments regarding the use of this technology across industries including transportation, retail, media and entertainment, automotive and others. In July 2019, CLEARink Displays and FLEx Lighting collaborated to create the next generation e-Paper display solution with unique features including reflective, low power consuming, color, video capable, sunlight and night-time readable display solutions, based on ePaper 2.0 of CLEARink and ultra-thin front light of FLEx, which will be highly suitable for various consumer products such as Tablets, Laptops, Wearables, as well as Automotive, IoT and Signage. Such developments drive the growth of this market. Furthermore, the usage of e-paper display technology is more eco-friendly than paper, as e-paper is reusable, has a longer life than paper, which assists in reducing the amount of paper consumption and paper wastage. This in turn, helps in reducing the carbon footprint across the world, which fuels the growth of this market. Apart from that, increasing popularity of wearable devices in this region affects the growth this market positively, as the advanced wearable devices are being equipped with the e-paper display technology. According to a survey report of Pew Research Center (2019), approximately one-in-five U.S. adults (21%) regularly wear a smart watch or wearable fitness tracker for improving their health. Such high demand for these products drives the market growth significantly. Hence, the above-mentioned factors are poised to create tremendous growth opportunities for Electronic Paper Display market from 2022 to 2027.

Electronic Paper Display Market Drivers

On-line education creates a positive impact on the usage rate of e-readers, smart-phone and others, across the world, which in turn drives the growth of this market

With technological advancement and growing popularity of online education system across the world, the demand as well as the adoption rate for various smart consumer electronics including smart-phones, e-readers, e-notebook is growing. The online education system requires smart gadgets, which forces the market players to launch advanced products, in order to expand their market share. For instance, in December 2020, Hisense unveiled the world’s first E-ink display smartphone with 5G connectivity handset, Hisense A7 5G as in China. Similarly, in August 2020, E Ink made an announcement regarding the launch of a 10.3-inch flexible ePaper display, which will be highly suitable for e-Readers, e-ink notebooks, e-Newspapers, and even small-sized signage boards. This in turn creates a positive impact on the growth of electronic paper display market, as this technology works as an efficient and more effective display technology. Hence, high penetration of online courses will drive the growth for the smart gadgets market, thereby creating significant amount of opportunities for e-paper display market. Furthermore, rising popularity of e-books, e-readers, e-newspapers and others plays a major role in accelerating the growth of this market, by driving the demand for various smart gadgets. During the breakout of Covid-19, the popularity of online education and adoption rate increased at a increasing rate, which in turn affected the market positively. Hence, the growing adoption of smart gadgets will drive the market during the forecast period 2022-2027.

Strategic steps taken by the market players will fuel the growth:

Over the years, the popularity of electronic paper display-based e-readers, e-notebook, smart cards, electronic shelf label, Wearable Devices and others is growing, due to its various positive benefits including environmental as well as health benefits. This in turn, creates a huge demand for such products. To fulfil such high demand and to expand their market share, the players of this market are taking various strategic steps such as new product launches, acquisition, investments and others, which is set to drive the market growth during the forecast period 2022-2027. In November 2021, E Ink, leading provider of in digital paper technology, made an announcement regarding its partnership with TPV Technology, the world's leading manufacturer of PC monitors and LCD TVs, to bring the world’s first 25.3-inch E Ink Spectra 3100 display to the transportation and smart retail industries. Hence, these types of strategic developments taken by the market players are analysed to boost the growth rate of this market during the forecast period 2022-2027.

Electronic Paper Display Market Challenges

High penetration rate of Liquid crystal displays harming the growth of this market

All though the Electronic Paper Display market is growing over the years, but the presence of liquid crystal displays (LCDs) is creating hurdles for the growth of this market. Compared to electronic paper display, LCDs are more cost effective and offer various other advanced features including more dynamics, colour richness, faster refresh rate, backlit screen and others. Furthermore, LCDs are more suitable for being used in the dark or during night-time. E-readers with liquid crystal display screens also offers functionalities such as video and web browsing. The above-mentioned factors create demand for LCDs, which creates difficulties for the growth of this market and drives the consumers towards more cost-effective solution. This challenge is poised to impede the Electronic Paper Display market growth during the forecast period 2022-2027.

Electronic Paper Display Market Outlook

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Electronic Paper Display Market. As of 2021, the market for Electronic Paper Display industry outlook is consolidated with the top market players. Electronic Paper Display top 10 companies are

1. Pervasive Display Inc.
2. E Ink Holdings Inc.
3. Sony Corporation
4. Plastic Logic GmbH
5. Samsung Display Co. Ltd.
6. LG Display Co. Ltd.
7. Visionect
8. Cambrios Technologies Corporation
9. CLEARink Displays
10. Bridgestone Corporation

Recent Developments

• In February 2022, Crowd supply, a US based company, launched a new Versatile, Easy-To-Use, Wi-Fi-Enabled E-Paper COLOR Display board Inkplate 6COLOR, which supports a Wi-Fi microcontroller, microSD slot, extra input as well as output pins, Real Time Clock (RTC), Li-ion battery charger, and many more features.
• In June 2021, Plastic Logic, a leader in the design and manufacture of flexible, glass-free electrophoretic displays (EPDs), announced that, it had been selected as a provider of innovative e-paper display technology to a Czech Republic-based start-up company named, Leitners, for a new hybrid smartwatch.
• In May 2021, E Ink, the global provider of electronic ink technology, announced about the launch of the world's first On-Cell Touch e-Paper module, which supports both the E Ink Kaleido Plus Print Color technology platform and the E Ink Carta black as well as white e-Paper technology platform.

Relevant Report Titles:

E Paper Display Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: ESR 90804

Electronic Films Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 14165

Industrial Films Market – Forecast (2022 - 2027)

Report Code: CMR 62653

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