The global paper-based electronic display market is expected to register a CAGR of 14.32% during the forecast period 2022-2027

DUBLIN, February 21, 2022 /PRNewswire/ — The “Global Paper-based Electronic Display Market – Growth, Trends, Impact of COVID-19 and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer.

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The global paper-based electronic display market has been valued at $1,767.1 million in 2021 and is expected to reach $3,926.7 million by 2027, registering a CAGR of 14.32% during the forecast period 2022-2027.

The electronic devices segment was strongly impacted by the COVID-19 outbreak, as China is one of the main suppliers of raw materials and finished products. The industry is still facing reduced production, supply chain disruption and fluctuating prices. Sales of leading electronic companies are also expected to be affected in the near future.

Highlights

  • An electronic paper display is an electrically charged surface that reproduces the appearance of ink on paper. Paper-based electronic display (EPD or electronic ink (e-ink) or electrophoretic display) is used for applications such as e-books, e-journals, portable signs and foldable displays.

  • EPDs represent a significant development in display technology due to their advanced features, such as indirect light readability (indoor and outdoor ambience), low power consumption, light weight, durability, and convenient composition. . The main advantages of e-paper over traditional LCD displays are paper-like readability and extremely low power consumption.

  • Growing demand for mobile information, growing number of e-readers, and development of easy-to-use display devices are significant factors driving the demand for electronic paper display market.

  • EPDs are also currently being deployed for many applications, including retail and transportation, such as bus stops and rail information signs. For example, in JapanE Ink Holdings and Papercast produced solar-powered paper-based electronic passenger information display technology for a smart bus stop project, and the Jerusalem Transportation Master Plan (JTMT) team made advance passenger information systems at bus stops with paper e-displays.

  • Companies, such as E ink Holdings, offer electronic paper display technology for use in ESL. It has the advantage of very wide viewing angles, monochrome and tri-color options and paper-like readability in all store lighting conditions. E-ink based ESL is actively used in retail fields, such as grocery stores, electrical retailers, drugstores, cosmetics, department stores, and clothing stores.

  • In addition to e-readers and ESLs, the growing use of e-paper displays is for indoor signage, for example, in event venues, hospitals and hotels. They’re lightweight, battery-powered, can be mounted virtually anywhere, moved easily, and can be integrated with calendar systems for automatic updating. Other new e-paper applications being tested include menu boards, transit signs and luggage tags.

Main market trends

Consumer electronics industry expected to drive market growth

  • The EPD is an integral part of consumer electronics as well as portable devices. The growing demand for consumer electronics over the forecast period is mainly contributing to the growth of the market due to the constant need for display technologies.

  • The intense penetration of cellphones, tablets and smartphones is fueling the growth of the consumer electronics industry, demanding more efficient display technologies. E-ink technology is primarily used for most consumer electronics to reduce eye strain and improve battery life.

  • The increasing availability of free e-books on the internet, along with a shift in preference among tech-savvy users from traditional books to portable e-reading devices, is expected to drive the EPD market. Most American adults own a tablet, smartphone or e-reader, with the majority using tablets to read e-books. E-ink technology produces energy-efficient paper, like the display primarily used in e-book readers, such as Amazon’s Kindle.

  • Electronic paper displays are widely adopted in the apparel industry. Wearable devices, such as fitness trackers, have grown in popularity, due to the rise of fitness trends among consumers. Plastic Logic’s ultra-thin and flexible electronic paper displays are gaining widespread adoption, given the tremendous opportunities they open up in wearable device applications, such as watches and devices, for monitoring the mobile health.

  • However, electronic devices are expected to be significantly impacted by the COVID-19 outbreak, as China is one of the main suppliers of raw materials and finished products. The industry faces reduced production, supply chain disruption and fluctuating prices. Sales of leading electronic companies are expected to be affected in the near future.

North America holds a large market share

  • North America is one of the largest markets for e-paper screens due to the high penetration rate of tablets. Factors such as advancements in technology and positive environmental impact due to significantly lower power consumption than other display technologies and growth in application areas are gaining momentum in the market of e-paper display in North America.

  • With the added benefit of being easily readable in direct sunlight, e-paper could be an interesting addition to the smartwatch industry, especially for outdoor use. According to the Consumer Technology Association, smartwatch unit sales were estimated at 22.6 million in 2020 in United States. Smartwatches are expected to rise 8% in unit shipments in the country, driven by tech-savvy and fashion-conscious consumers.

  • In addition, smartphones adopt EPD. According to United StatesConsumer Technology Sales and Forecast study conducted by the Consumer Technology Association (CTA) July 2021 report, global smartphone shipments in United States are expected to increase by 10% to reach 154 million units, $73 billion in turnover, up 15%. These cases are likely to propel the market growth in the region.

Competitive landscape

Electronic paper display remains a niche market. There are a few major players fully dedicated to the development of electronic paper display technologies like CLEARink Displays, Inc., Pervasive Displays Inc., E Ink Holdings Inc. (YFY Group), among others.

Major players are taking strategic initiatives like mergers and acquisitions, partnerships, and new product development to maintain their market share.

Companies cited

  • Plastic Logic GmbH

  • E-Ink Holdings Inc.

  • Clear ink displays

  • Pervasive Displays Inc.

  • Toppan Printing Co.,Ltd.

  • LANCOM Systems GmbH

  • Adafruit Industries

  • Guangzhou Oed Technologies Co.Ltd

  • Microtip Technology

For more information on this report, visit https://www.researchandmarkets.com/r/x64g57

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