London, UK, March 17, 2022 (GLOBE NEWSWIRE) — According to market research by Brandessence, the Paper-based electronic display market size reached USD 5415.3 million in 2021. The paper-based electronic display market size is expected to grow at a CAGR of 29.6% during the period 2022-2028 to reach USD 13059.2 million by the end of 2028. Rising number of internet users, rising demand from consumer electronics industry and increasing adoption of wearable devices are the major factors driving the growth of the global paper-based electronic display market
Electronic Paper Display Market: An Overview
The global paper-based electronic display market is expected to witness strong growth in the coming years with significant developments in the world of display technology owing to the advanced features it offers, such as readability in direct indoor and outdoor light, flexibility, lightness. , durability, low power consumption and convenient composition. This has also been called bistable display which refers to the retention of on-screen content when power has been removed.
Rising demand for mobile information, growth in the number of readers and development of easy-to-use display devices are major factors fueling the market demand. EPDs are also currently being deployed for many applications, including transportation and retail, such as bus stops and rail information signs. Also, aside from ESLs and e-readers, the growth in the use of these displays has been for indoor signage like hospitals, hotels, and event venues. They are battery powered, lightweight and can be mounted virtually anywhere, easily moved and also integrated with calendar systems for automatic updating. Other new applications for the new e-paper being tested include transit signs, menu boards and luggage tags.
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Electronic paper display according to the recent development of electronic paper display market, is a fusion of chemistry, physics and electronics. The ink that has been used in display technology is called electronic ink, the composition being the same as the pigmentation used in the conventional printing industry instead of being deposited on the paper. This is an ink that forms the tiny capsules to produce the monochrome result or sometimes a limited color result. The two-pigment ink system was used for monochrome EPDs; however, for applications, multiple colors such as tri-pigment ink system, electronic shelf labels have been used in line with the market trend of electronic paper display.
The global paper-based electronic display market is segmented into numerous applications and is attributed to factors such as ongoing technological advancements, positive environmental impact due to less power consumption as compared to other technologies display and an increase in the application. areas. These are the benefits offered by paper displays with respect to readability, power consumption, user experience and manufacturing costs are some of the factors driving the global market. But there is a lack of awareness, an absence of a wider color palette in addition to the limitation of video output which restricts the overall market growth. The segment that holds the largest market share is the e-reader market owing to the huge amount of readers in the biggest economies like UK, US and China where the adoption of e-books increases, digital reading habits and online reading portals.
There are investment opportunities in many applications which have now been identified by the analysis of parameters such as product availability, ongoing developments, technological viability and revenue growth in the future and growth rate. ‘adoption. ESL or Electronic Shelf Labels are used in the retail industry to provide retailers with the capabilities to update content on the shelves of signage in a fast and efficient manner. The ESL job is something that also facilitates dynamic pricing as well as the ability of promotional pricing to each retailer which was caused by the responses they got from consumer traffic patterns. The electronic paper display market drivers acted positively to drive the market to new heights.
The major players in the market are working hard on research and development. These players are
- Clearlink display
- Azazon Liquavista
- Ubiquitous displays
- Samsung and Plastic Logic
- DKE CO Ltd Motion Display
- Show data
- Salomon Systech Limited
- Qualcomm MEMS Technologies Limited
- E Ink Holdings Incorporated
- Hanvon technology
- NEC LCD Technologies Limited
- LG screen
- Sony Company
- Delta Electronics Incorporated
- Cambrios Technologies Corporation
- Gamma Dynamics
- Ubiquitous displays
- Amazon Liquavista B.V.
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The electronic devices segment has been hit hard by the coronavirus outbreak as one of the main suppliers of this raw material which is China has been affected. This industry has faced major issues such as reduced production, disruption of supply chains and fluctuating prices. All of this has affected the sales of e-businesses and is likely to have a negative impact in the future to come.
Global Electronic Paper Display Market Segmentation:
- Auxiliary display for mobile phones
- Electronic shelf labels
- Automotive and transportation
- Consumer and wearable electronics
- Media and entertainment
- Retail and business
The global paper-based electronic display market survey shows that the North American market has been the largest contributor to the region, accounting for almost a third of the market share and it will continue to grow in the years to come. North America is one of the largest markets for displays, which is due to the higher penetration rate of tablets. There are factors like the positive impact on the environment and advancements in technology that have caused the momentum to grow. There is an added benefit of being easily readable in sunlight. E-paper can also be one of the attractive additions to the smartwatch industry, especially for its outdoor use. The United States is expected to increase sales. These are smartwatches that are expected to grow more in the country as many tech-savvy consumers are also aware of fashion trends.
Another factor that will drive adoption in the region has been increased smartphone shipments for the region. This will propel growth in the United States for years to come and the value will only increase as technology advances. This is followed by the European paper-based electronic display market and the APAC paper-based electronic display market. India’s paper-based electronic signage market is also expected to grow with increasing urbanization.
Region Covered in Paper-Based Electronic Display Market Report:
- Germany, France, United Kingdom, Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
Middle East and Africa
- Saudi Arabia, United Arab Emirates, Egypt, South Africa, Rest of MEA
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