The global e-paper market is valued at $ 1,767. 1 million in 2021 and is expected to reach $ 3,926. 7 million by 2027 with a CAGR of 14. 32% over the projected period of 2022-2027.
New York, February 18, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “Global e-Paper Market – Growth, Trends, Impact of COVID-19 and Forecasts (2022 – 2027)” – https: / /www.reportlinker.com/p06231641/?utm_source=GNW
The COVID-19 outbreak has significantly affected the electronic devices segment, as China is a major supplier of raw materials and finished products. The industry continues to face declining production, supply chain disruptions and price fluctuations. It is expected that in the near future will affect the sales of well-known electronic companies.
An electronic paper display is an electrically charged surface that replicates the appearance of ink on paper. Electronic paper display (EPD or electronic ink (electronic ink) or electrophoretic display) is used for applications such as e-books, e-newspapers, portable signs and sophisticated displays.
EPDs are a significant advancement in display technology due to their advanced features such as indirect reading light (both indoors and outdoors), low power consumption, light weight, durability and convenient composition. The main advantages of e-paper over traditional LCD screens are paper-like readability and extremely low power consumption.
The growing demand for information while driving, the growing number of electronic readers and the development of easy-to-use display devices are significant factors driving the demand for the electronic paper display market.
EPDs are also currently being deployed for many applications, including retail and transportation, such as bus stops and train information boards. For example, in Japan, E Ink Holdings and Papercast have released electronic paper technology to display solar passenger information for a smart bus stop project, and the Jerusalem Transport Master Plan Group (JTMT) has improved passenger information systems at bus stops with an electronic paper display. .
Companies like E ink Holdings offer e-paper mapping technology for use in ESL. This is an advantage in very wide viewing angles, mono- and tricolor options, as well as readability on paper under any store lighting conditions. ESL-based E Ink is widely used in retail areas such as grocers, electric retailers, pharmacies, cosmetics, department stores and clothing stores.
In addition to e-readers and ESL, the increasing use of electronic paper displays has been for indoor signage, such as at venues, hospitals and hotels. They are lightweight, battery-powered, can be installed almost anywhere, are easy to move and integrate with calendar systems for automatic updates. Other new e-paper apps that have been tested include menu boards, public transport signs, luggage tags.
Major market trends
It is expected that the consumer electronics industry will stimulate market growth
EPD is an integral part of consumer electronics as well as wear. The growth in demand for consumer electronics over the forecast period is mainly driven by market growth due to the constant need for display technology.
The intense penetration of mobile phones, tablets and smartphones is contributing to the growth of the consumer electronics industry, requiring more efficient display technologies. Electronic ink technology is mainly used in most consumer electronics to provide low eye strain and extended battery life.
It is expected that the increase in the availability of free e-books online, as well as a shift in benefits among technology-savvy users from traditional books to portable e-readers, is expected to stimulate the EPD market. Most American adults own a tablet, smartphone, or e-book reader, with most using e-book tablets. Electronic ink technology produces low-power paper-like display that is mainly used in e-book readers such as Amazon’s Kindle.
Electronic paper displays are common in the wearable industry. Wearing devices, such as fitness trackers, have gained considerable popularity due to the boom in fitness trends among consumers. Ultra-thin and flexible displays for Plastic Logic e-paper have become more widespread, given the huge opportunities they open up in wearable device applications, such as watches and devices, for mobile health monitoring.
However, the COVID-19 outbreak is expected to significantly affect electronic devices, as China is a major supplier of raw materials and finished products. The industry is facing declining production, supply chain disruptions and price fluctuations. It is expected that sales of well-known electronic companies will be reflected in the near future.
North America holds a significant market share
North America is one of the largest markets for electronic paper displays due to the high penetration rate of tablets. Factors such as technological advances and the positive impact on the environment due to much lower energy consumption compared to other display technologies and growing applications are gaining momentum in the electronic paper display market in North America.
With the added benefit of being easily readable in bright sunlight, electronic paper can become an attractive addition to the smartwatch industry, especially for outdoor use. According to the Consumer Technology Association, smartwatch sales in 2020 in the United States are 22.6 million. It is projected that the supply of smart watches in the country will grow by 8% under the guidance of consumers who are knowledgeable in technology and fashion.
In addition, smartphones accept EPD. According to the Consumer Technology Sales and Forecasting Study in the United States conducted by the Consumer Technology Association (CTA) in July 2021, total smartphone shipments in the United States will increase by 10% to 154 million units, earning $ 73 billion. revenue grew by 15%. These cases are likely to stimulate market growth in the region.
Electronic Paper display remains a niche market. There are several major players fully dedicated to the development of electronic paper display technologies, such as CLEARink Displays, Inc., Pervasive Displays Inc., E Ink Holdings Inc. (YFY Group), among others. Major players are taking strategic initiatives such as mergers and acquisitions, partnerships and new product development to maintain their market share.
June 2021 – Plastic Logic announces that Leitners has chosen it to provide e-paper display technology for a new hybrid smartwatch from a Czech startup. The smartwatch includes an electronic paper dial from Plastic Logic. The display combines convenient readability at any angle with ultra-low power consumption, and the segmented bezel around the dial allows you to use countdown and other innovative features.
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