Several benefits including low power consumption and enhanced performance are expected to favorably impact the e-paper display market over the forecast period. Technological proliferation, growing environmental awareness and matured display technologies are also expected to drive market growth. Advancements in manufacturing technologies have led to the development of a product portfolio that includes high resolution, colored, flexible and large format display. Product development for varied market applications such as e-readers, advertising billboards, electronic tags, smart cards, etc. has been owing to all the aforementioned product features. A wide range of applications including portable signs, e-books, e-newspapers and digital displays make use of these displays, which is also expected to spur e-paper display market growth over the forecast period. Manufacturers emphasize on expanding application area for this technology through innovation and finding ways to manufacture low-cost and advanced displays.
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The e-paper display market is also expected to witness substantial growth owing to its high flexibility and wide viewing angle. Surging demand for smartphones and tablets along with increasing internet usage may also drive e-paper display market growth over the next few years. However, factors including electrochemical complexity and low-switching speed may pose challenge to market growth. Additionally, high cost of manufacturing may also hamper market growth. Increasing investments coupled with potential to explore untapped market provides opportunities for e-paper display market growth.
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Key market participants include Hanvon Technology Co., Ltd, LG Display, NEC LCD Technologies Ltd, Delta Electronics Inc., Sony Corp, Qualcomm MEMS Technologies Inc. and E Ink Holdings Inc. Manufacturers aim to offer new e-paper display modules so as to meet customer requirements and expand across new market applications. Furthermore, key industry player including E-Ink focus on strengthening international co-operation in technology, manufacturing and resources in order to develop new low-cost and low-power display technologies and form a basis for sustainable product development.
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