e-Paper Display Market Size, COVID-19 Impact Analysis, Regional Analysis, Application Development & Forecast, 2021 – 2027
Report ID: GMI1225
e-Paper Display Market size has gained significant traction over the years and is slated to record substantial traction over 2021-2027. Future trends in the market will be powered by continuous technological developments and expanding application scope of these displays in new areas. One of the key benefits of e-paper displays is that they consume considerably less energy compared to other display technology and thus have a positive environmental impact. Increasing awareness towards these benefits will certainly boost the technology adoption in the future.
An e-paper display, also called e-ink display, is an electrically charged surface that replicates the appearance of ink on paper. Electronic paper displays are being widely used for applications such as e-books, e-newspapers, foldable displays, portable signs, and many others. Benefits such as advanced functionality, excellent readability under direct light, low power consumption, durability, lightweight, and convenience will bolster the global market growth.
With regard to application, mobile displays segment will capture a substantial share of the e-paper display market during the forecast period. The acceptance of mobile devices has surged exponentially around the world with the availability of a wide range of options to choose from depending on price and features. These factors, along with the rising penetration of internet, availability of free e-books, and shifting preference of tech-savvy consumers from traditional books to portable reading devices will drive the demand for mobile e-paper displays.
With the growing popularity of e-ink displays, consumer electronics companies are implementing the technology in new products and devices. In June 2021, for instance, Lenovo had announced that it will incorporate a 12-inch secondary e-paper display in its new ThinkBook Plus 2 laptops.
Considering the regional landscape, the e-paper display market in North America will experience commendable growth by the end of 2027 due to growing penetration of mobile devices, tablets, and laptops. The demand for devices with e-ink displays is increasing as they have a positive effect on the environment and offer benefits such as low energy consumption, superior readability, and convenience.
Sony Corporation, LG Corporation, Gamma Dynamics LLC, LANCOM Systems GmbH (Rohde & Schwarz), Kent Displays, Inc., Xerox Corporation (Fujifilm), Displaydata Ltd., Pervasive Displays, Inc. (SES-imagotag), and Zekon, Inc are some of the prominent names in global market.
Ongoing technological advances will play a critical role in improving the application and performance of these displays. The market players are continuously investing in research and development to design novel solutions powered by e-paper display technology to capitalize on its growing popularity. Citing an instance, in June 2021, Inkplate had unveiled the new 6PLUS ESP32 e-paper display technology with advanced features such as higher resolution, front light, and a touchscreen.
Analyzing the impact of COVID-19 on e-paper display market
The COVID-19 pandemic has had an impact on nearly every industry vertical throughout 2020 and continues to create uncertainties for some businesses. The consumer electronics sector is one such industry which had taken a major hit owing to the pandemic, as government restrictions led to major disruptions affecting the entire supply chain, right from research and development to production and distribution.
Some regions also witnessed declining sales of electronics products. The aforementioned factors have combinedly impacted industry trends to some extent. Gradual easing of restrictions after successful COVID-19 vaccination drives will push manufacturing of electronics to previous levels over time.
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