E-Paper is an advanced display technology that allows the development of modern electronic displays. This technology is perceived as a disruptive technology in the industry of displays, on account of its durability, high flexibility, lightweight, ability to support readability in direct sunlight, as well as comparatively low production costs. The global e-Paper display market is anticipated to reach USD 4 billion by 2022.
It is driven by promising new incredible applications in a variety of outdoor and indoor displays such as digital signage, traffic lights, electronic shelf labels etc. Moreover, the benefits offered by the product, such as enhanced performance and low power consumption, are also anticipated to boost the global market over the forecast period (from 2015 to 2022). Also, factors such as various technological advancements and rising environmental awareness have positively affected the global market.
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E-paper displays are extensively utilized in e-readers due to their high readability qualities. However, this technology is now finding new applications in mobile handsets, public signage displays, smart watches, smart-shelf labels, smart cards, smart packaging, information displays etc. This is also likely to boost the market in the near future.
Various manufacturing companies focus on expanding the application base for the technology by manufacturing advanced level and low-priced e-paper displays. In addition, rising usage of the internet coupled with the increasing demands for smartphones and tablets are also anticipated to augment the demand during the estimated years. However, the global e-paper display market may face a challenge due to the electrochemical complexity and low switching speed of the products.
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Geographically, the United States dominated the global market. Asia-Pacific is said to be the fastest growing regional market with a healthy CAGR of over 17 % over the forecast period.
Some of the key companies in the global e-paper display market are NEC LCD Technologies Ltd.; LG Display Co. Ltd.; Sony Corp.; Delta Electronics Inc.; Hanvon Technology Co. Ltd.; Qualcomm MEMS Technologies Inc.; and E Ink Holdings Inc. These manufacturers focus on new e-paper displays so as to fulfill the user requirements as well as to expand into fresh market applications. In addition, major companies such as E Ink Holdings Inc. emphasize on strengthening global cooperation in production, technology, and resources in order to develop new low-cost and low-power display technologies for sustainable development.
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