Global Electronic Paper Display Market Size, Trends and Growth Opportunity, By End User Industry Consumer Electronics (Wearable, E-readers, Mobile Devices, etc.) Institutional (Signage, Posters, etc.), Retail (Dividers and Electronic Shelf Displays), Other End Users (Media and Entertainment, Transportation, Healthcare, Industrial/Smart Packaging, and Architectural Applications). By Region and Forecast Till 2027.
Global Electronic Paper Display Market
The global electronic paper display market size was worth USD 1,767 million in 2021. It is expected to reach a market value of USD 5,220 million by 2027, growing at a CAGR of 19.31% during the forecast period (2021–2027).Increasing demand for information that can be read while on the go, an increase in the number of electronic readers, and the creation of user-friendly display technology are just a few of the key reasons boosting the market for electronic paper display.
Currently, EPDs are being used for a variety of purposes, such as retail and transportation, such bus stops and rail information boards. For a smart bus stop project in Japan, for instance, E Ink Holdings and Papercast developed a solar-powered electronic paper passenger information display technology. Advanced passenger information systems with solar-powered e-paper displays are installed at bus stops by the Jerusalem Transportation Master Plan Team (JTMT).
Market Drivers
Over the forecast period, there is likely to be growth in the e-paper display market due to rising global concerns about the environment and the preservation of trees. To reduce the amount of paper used for reading and documenting chores, people are embracing digital technology more and more. Diverse application areas, vendors offering specialised e-paper display services, cheaper than LED or LCD displays, used as an alternative technology to LED or LCD display, alluring features like allow readability during daylight, cause less eye fatigue, are light-weight and consume less power than other display technologies, demand for on-the-go information, and increase in electronic reading, among others, are contributing factors to the e-paper display market revenue.
Market Restraints
During the projected period, the market share of e-paper displays is likely to be constrained by the low video capability.
Market Segmentation
The Global Electronic Paper Display Market segmented into the end-user industry that is Consumer Electronics (Wearable, E-readers, Mobile Devices, etc.) Institutional (Signage, Posters, etc.), Retail (Dividers and Electronic Shelf Displays), Other End Users (Media and Entertainment, Transportation, Healthcare, Industrial/Smart Packaging, and Architectural Applications). The Consumer Electronics Industry is Expected to Drive the Market Growth. EPD is an integral part of consumer electronics as well as wearable. Growing demand for consumer electronics over the forecast period majorly contributes to the market growth owing to the constant need for display technologies. Furthermore, the intense penetration of mobile phones, tablets, and smartphones fuels growth in the consumer electronics industry, which demands more effective display technologies. Additionally, E-ink technology is majorly used for most consumer electronics to provide low eye strain and enhanced battery life.
Regional Analysis
The Global Electronic Paper Display Market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North America is one of the most important markets for e-paper displays because of the rising popularity of tablets. Due to factors including technological advancements, a positive environmental impact from using far less energy than other display technologies, and an expansion of application areas, the e-paper display industry in North America is on the upswing.
Key Players
Various key players are listed in this report such as Plastic Logic GmbH, Toppan Printing Co. Ltd, Pervasive Displays Inc., E-Ink Holdings Inc., Clear Ink Displays, Inc.
Market Taxonomy
By End User Industry
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