Pune, India -- (SBWIRE) -- 09/14/2018 -- Overview
The global e-paper display market is slated to capture a CAGR of 36% and reach USD 3878 Mn by the end of the forecast period of 2018-2022, reveals a research report published by Market Research Future (MRFR). The market has witnessed rapid growth over the years on account of the benefits offered by it such as high performance and low power consumption as compared to conventional display technologies. E-paper provides advantages such as high durability, enhanced readability while addressing the drawbacks of glass displays due to which e-paper displays are finding widespread adoption. They are used in e-book readers, e-paper magazines, and electronic price labels in retail shops, timetables at bus and railway stations and alongside, they are ideal for various other consumer and industrial applications and its application in various industry verticals such as automotive, consumer electronics, medical and retail is a crucial driver of the market. Extensive use of e-paper displays in the retail sector majorly helped in bringing e-paper displays to the mainstream. Blended learning, which is one of the latest trends in learning has supported the growth of the e-paper market. Educational institutions are increasingly turning to new technologies to impart education more dynamically and interactively so that the learning experience becomes efficient. For the same, they are increasingly leveraging hardware technologies such as e-paper displays. Rapid urbanization and growth initiatives to turn cities into smart cities also is a vital driver of the market. Smart city projects deploy e-paper displays in bus stations, smart signage for transportation, e-paper license plates, etc. and their use is expected to increase in future. Endeavors to reduce paper wastage and carbon footprint is also impacting the growth of the market. Businesses across the globe are now committed to protecting the environment and paper waste being one of the key contributors to environmental issues, have observed a reduction in paper usage chiefly. E-paper offers the advantage of being eco-friendly and are widely adopted. Free internet access in e-readers has also helped in popularizing e-paper displays which would lead to market expansion in future. However, lack of awareness regarding this technology is believed to hamper the growth of the market. Other factors include the threat from alternatives such as paper signage, prevailing practice of updating labels in retail manually with the help of cheap workforce and high costs associated with them.
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The global e-paper display market has been segmented based on product, end-user, and technology. By product, the market has been segmented into (Mobile Device, Smart card, and E-readers. By end-user, the market has been segmented into Automotive, Consumer Electronics, Retail, and Medical. By technology, the market has been segmented into Electrophoretic Display, Electrowetting Display, and IMOD.
The global e-paper display market is highly competitive characterized by the presence of local and international vendors. The key players functioning in the market include Plastic Logic (Germany), OED Technologies Co. Ltd. (China), LG Display (South Korea), Cambrios Technologies Corporation (U.S.), Gamma Dynamics (U.S.), E Ink Holdings, Inc. (Taiwan), Qualcomm, Inc. (U.S.), Amazon Liquavista B.V. (The Netherlands), Pervasive Displays, Inc. (Taiwan), Samsung electronics co. Ltd. (South Korea) and others.
The key markets of the global E-Paper Display Market include North America, Europe, and Asia Pacific. North America market is expected to lead the market with the US being the most significant contributor to the market growth. Higher adoption of the technology is facilitating the growth of the market in the region. Europe market is also expected to exhibit substantial growth opportunities owing to growing technological advancement in the region. Furthermore, Asia Pacific is foreseen to emerge as the fastest growing market owing to rising investment by industry players in the region and growth and adoption of technology.
- In March 2018, E Ink Holdings announced a partnership with Papercast Ltd. for crafting e-paper passenger information display at a smart bus stop in the Japanese city of Aizuwakamatsu. Smart bus stops will use Papercast's management solution which would be run on solar-powered e-display technology.
- In May 2018, Plastic Logic, a leader in the field of plastic electronics, announced a new e-paper display that has improved features as compared to its previous technology. The new 500 PPI E-Paper display offers increased resolution and has added advantages over traditional glass displays in terms of power consumption and daylight readability.
- California approved the use of e-paper license plates that are capable of displaying custom messages. The e-paper displays could be updated remotely and are being made by a company called Reviver Auto.
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Table Of Contents
1. Executive Summary
2. Research Methodology
2.1. Scope Of The Study
2.1.2. Research Objective
2.2. Research Process
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Market Size Estimation
2.4. Forecast Model
3. Market Dynamics
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