E-paper Display Market Size to Rise to $5,734 Mn by Forecast 2023

Pune, India, December, 2018 /press release/- Market Research Future Published a Cooked Research Report on E-Paper Display Market Research Report - Global forecast to 2023.Market Research Future (MRFR) has announced a new release on the global e-paper displays market. The report takes into account the historical movement of the market and the current standing of the market’s various segments to come up with reliable forecasts regarding the market’s growth trajectory over the coming years. According to the report, the global e-Paper Display Market was valued at USD 898.8 million in 2017 and is expected to rise to a valuation of USD 5,734 million by 2023 at a staggering CAGR of 37.2% over the forecast period (2018-2023).

E-paper devices are display devices that imitate the appearance of ink on paper. They are highly popular in displaying static text, for example in digital signage. The development of smart city infrastructure across the world is likely to be a major driver for the global e-paper display market over the coming years. Smart cities are likely to incorporate digital signage on a wide scale due to the benefits they present in terms of environmental viability. The transportation and retail sectors are likely to become major adopters of e-paper displays over the forecast period, with public transportation signage playing a leading role in the development of the global e-paper display market. The growing support to smart city development by governments across the world is likely to remain a major driver for the e-paper display market over the forecast period.

While e-paper displays have come very close to combining the luminosity and contrast ratio of conventional displays with the readability of paper, they lag behind badly when it comes to displaying color. Rudimentary multi-color display has only been incorporated into e-paper displays in the last few years (2017-18), and matching the color palette of either conventional displays or paper remains outside the boundaries of current e-paper technology. This is likely to emerge as a major research avenue for players in the global e-paper display market in the coming years, especially as consumer electronics are the leading end user of e-paper displays and are likely to remain the leading sales channel for the e-paper display market over the forecast period. Increasing the clarity, i.e. resolution, of e-paper displays is also likely to be a major R&D avenue for players in the e-paper display market over the forecast period.

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Segmentation

The report segments the global e-paper display market by product, technology, and end-use.

By product, the global e-paper display market is segmented into e-readers, mobile devices, smart cards, posters and signage, auxiliary displays, electronic shelf labels, wearables, and others. E-readers hold the highest share in the global e-paper displays market at present, while the mobile devices segment is expected to exhibit the highest CAGR over the forecast period. E-readers accounted for close to 30% of the global e-paper display market in 2017 and likely to exhibit a strong 40.8% CAGR over the forecast period, comfortably remaining the major contributor to the global e-paper display market. The mobile devices, smart cards, and posters and signage segments are also expected to exhibit stellar CAGRs of 40.9%, 40%, and 38.7%, respectively, over the forecast period.

By technology, the e-paper display market is segmented into electrophoretic display, electrowetting display, cholesteric display, interferometric modular display, and others. Electrophoretic and electrowetting displays are the key segments of the global e-paper displays market; the former holds the largest share in the global e-paper displays market of more than 34%, while the latter is likely to exhibit the highest CAGR of 41.6% over the forecast period.

By end-use, the e-paper display market is segmented into automotive, retail, consumer electronics, healthcare, media and entertainment, and others. Consumer electronics is likely to remain by far the dominant contributor to the global e-paper displays market over the forecast period. The consumer electronics and retail segments are expected to rise to a valuation of USD 2,386.2 million and USD 1,629.6 million, respectively, by 2023.

Regional Analysis

Regionally, the global e-paper display market is segmented into North America, Europe, Asia Pacific, and rest of the world. Asia Pacific is likely to be the major regional market for e-paper displays over the forecast period due to the growing demand for smart city infrastructure in the region’s developing countries. The Asia Pacific market for e-paper displays is expected to exhibit a stellar 42.1% CAGR over the forecast period, rising to a valuation of USD 1,569.1 million by 2023. In contrast, the slightly more matured markets of North America and Europe are expected to rise to valuations of USD 1,885.5 million and USD 1,844 million, respectively, by 2023.

Competitive Analysis

The leading players profiled in the report include Samsung Display Co. Ltd. (South Korea), Plastic Logic GmbH (Germany), Cambrios Technologies Corporation (U.S.), Visionect (Slovenia), E Ink Holdings Inc. (Taiwan), Pervasive Display Inc. (Taiwan), LG Display Co. Ltd. (South Korea), Bridgestone Corporation (Japan), Sony Corporation (Japan), and CLEARink Displays (U.S.).

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