SAN FRANCISCO, A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “E-Paper Display – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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ABSTRACT–
Global E-Paper Display Market to Reach $14.3 Billion by 2026
Electronic paper technology has moved from the traditional domain of eReaders into few unexpected end-use devices, such as smart watches, smartphones and signage. All this indicate that there is enormous potential for the technology which is yet to be realized fully, ushering in a completely new chapter in its usage and extending the technology’s adoption potential. In future, ePaper displays would be literally everywhere, including tickets, binders, drug labels, food containers, office walls, and walls of houses among others, displaying up-to-date information and transforming even architectural items into designs offering information. Sectors, such as healthcare, retailing and hospitality among others, are fast embracing wireless ePaper for displays. The major advantage of ePaper displays is their feature of being controlled wirelessly. A number of screens, sometimes even running into hundreds, can be controlled using a single computer. The major attribute of allowing central control, and also the versatility of the displays are expected to further the adoption of the technology to several new applications in future.
Amid the COVID-19 crisis, the global market for E-Paper Display estimated at US$4.8 Billion in the year 2022, is projected to reach a revised size of US$14.3 Billion by 2026, growing at a CAGR of 29.9% over the analysis period. e-Reading Devices, one of the segments analyzed in the report, is projected to grow at a 28.8% CAGR to reach US$7.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mobile Devices segment is readjusted to a revised 15.2% CAGR for the next 7-year period.
This segment currently accounts for a 22.9% share of the global E-Paper Display market. Meanwhile, the ongoing COVID-19 pandemic triggered a robust surge in demand for e-paper display solutions. Demand for e-readers and electronic shelf labels grew noticeably around the world during the pandemic period, accelerating the overall shipments of e-paper display solutions. As COVID-19 transmission rates continue to surge in the US and Europe, electronic shelf labels are gaining huge traction among retailers seeking to curb potential virus transmission routes in their premises and also enhance the delivery efficiency.
Retailers are leaning towards menus and signs made with e-paper display as these solutions deliver a unique aesthetic that seamlessly overtakes other forms of digital displays. At the same time, there has been a newfound interest for e-readers, wearables, tablet PCs, and laptop PCs for entertainment, remote learning, and also to support their work-from-home desks, as people across the world are preferring to remain confined at home while avoiding unnecessary outdoor activities. Increased demand for fitness wearables during the current crisis period is also contributing to higher demand for consumer-grade e-paper display solutions.
The U.S. Market is Estimated at $1.7 Billion in 2022, While China is Forecast to Reach $2.5 Billion by 2026
The E-Paper Display market in the U.S. is estimated at US$1.7 Billion in the year 2022. The country currently accounts for a 35.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.5 Billion in the year 2026 trailing a CAGR of 32.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.4% and 27% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 29.5% CAGR while Rest of European market (as defined in the study) will reach US$3.4 Billion by the close of the analysis period.
The e-paper display market is slated to register considerable gains from increasing demand for consumer electronics along with wearable devices, pushing the need for advanced displays to deliver enhanced user experience. E-paper displays are witnessing increasing acceptance among provider of consumer electronics and wearable devices. The increasing proliferation of smart phones and tablets holds positive implications for consumer electronics, creating strong demand for e-paper displays that extend battery life and reduce eye strain. The market is propelled by increasing access to free e-books along with transition of tech-savvy consumers from traditional toward e-books. A large number of adults in developed countries such as the US use tablets, smart phones or e-readers to read e-books. The trend is prompting various companies to offer low-power devices for e-book readers. E-paper displays are also finding increasing acceptance among smartphone makers.
Signage/Poster Devices Segment to Reach $4.2 Billion by 2026
In the global Signage/Poster Devices segment, USA, Canada, Japan, China and Europe will drive the 39.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$460.4 Million. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$351.3 Million by the year 2026, while Latin America will expand at a 40.9% CAGR through the analysis period. More
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