E Ink Market Report Analysis, Growth, Trends and Top key Players By...

E Ink Market Report Analysis, Growth, Trends and Top key Players By 2030

Posted 2023-09-05 09:08:09

Market Dynamics: The global market for e-ink materials is anticipated to exhibit a steady Compound Annual Growth Rate (CAGR) in terms of revenue during the projected period. E-paper displays offer exceptional visibility while consuming minimal power. Additionally, due to their paper-like readability, they find application in various domains such as smartphones, accessories, and digital signs. Moreover, their bi-stable nature allows them to function even without a power source, contributing to market revenue growth in the forecast period.

To uphold their market shares, major players are pursuing strategic initiatives like mergers and acquisitions, partnerships, and developing new products. The COVID-19 outbreak, given China's significant role as a supplier of raw materials and finished products, is expected to substantially affect the electronic devices industry, further impacting the e-ink market. Reduced production, disrupted supply chains, and price fluctuations are some challenges expected to impact leading electronic sales companies in the near future.

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Key Drivers of Global E Ink Market Revenue Growth: E-ink has become an essential component in consumer electronics and wearable devices due to the growing demand for electronic paper displays. The rising demand for consumer electronics plays a significant role in driving market revenue due to the constant need for advanced display technologies. The widespread adoption of mobile phones, tablets, and smartphones fuels growth in the consumer electronics sector, necessitating more efficient display technologies. E-ink technology is widely used to reduce eye strain and extend battery life in these devices. Moreover, wearables like fitness trackers are gaining popularity, driven by the increasing fitness trends among consumers. The ultra-thin and flexible e-paper displays offered by Plastic Logic are gaining favor, especially in wearable applications like watches and mobile health monitoring devices.

Factors Restraining Global E Ink Market Revenue Growth: Compared to other electronic displays, e-paper displays have a lower refresh rate, limiting vendors' ability to implement interactive applications, as they require a high frame rate to function effectively. Additionally, after screen refreshing, some areas may exhibit shadowing or ghosting, hampering the adoption of e-ink technology.

Opportunities in the Global E Ink Market: In January 2020, E Ink Holdings unveiled its color ePaper solutions for use in retail, education, signage, and consumer electronics. The company introduced "Print Color," a new technology for eReader and eNote applications. In August 2020, Toppan Printing Co. Ltd. began selling the Near Cross D 2.9, an RFID battery-free tag capable of displaying graphics without being connected to a power source. The rapid information updating and flexibility of this technology are valuable for product management, streamlining processes, relabeling, and providing logistics instructions.

Global E Ink Market Revenue Growth by Type Segment: The segment characterized by the two-colored system is expected to register a rapid revenue growth rate during the forecast period. This ink system, known as e-ink, shares its composition with conventional printing pigments and forms tiny capsules to produce monochrome or limited-color results. While two-pigment ink systems have been used for monochromatic Electronic Paper Displays (EPDs), the trend now leans towards multiple colors like the three-pigment ink system, especially in electronic shelf labels and other applications.

Leading Application Segment in the Global E Ink Market: In terms of application, the E-Readers segment is anticipated to experience rapid growth during the forecast period. This is due to its adoption in the retail sector, enabling retailers to quickly and efficiently update content on shelving signage wirelessly. The availability of free e-books on the internet and the preference shift among tech-savvy users from traditional books to portable electronic reading devices are expected to drive the market. Many adults own tablets, smartphones, or e-readers, with tablets being the preferred choice for reading e-books. Electronic ink technology provides a low-power, paper-like display, primarily used in e-book readers such as Amazon's Kindle.

North America Leading in Global E Ink Market Revenue Share: The North American market is poised to record the highest revenue CAGR, driven by the increased demand for tablets, technological advancements, and the unique advantages of e-ink technology, including paper-like readability and minimal energy consumption compared to other display technologies. Increased internet connectivity adoption, technological advancements, and the demand for on-the-go information will fuel market growth. The growth of electronic readers and the development of straightforward display devices are significant factors driving revenue growth in the North American region.

Asia Pacific Continues to Lead in Terms of Revenue CAGR: Japan, known for its technological advancements, has been a pioneer in introducing innovative textile concepts. Meanwhile, China is witnessing strong demand for flexible packaging, particularly for food, pharmaceuticals, tobacco, and other products. Digital inks find widespread use in the textile and packaging industries, with industrial development in China and India boosting their adoption.

Key Players in the Global E Ink Market:

Pervasive Display Inc. (Taiwan)
E Ink Holdings Inc. (Taiwan)
Sony Corporation (Japan)
Plastic Logic GmbH (Germany)
Samsung Display Co. Ltd. (South Korea)
LG Display Co. Ltd. (South Korea)
Visionect (Slovenia)
Cambrios Technologies Corporation (U.S.)
CLEARink Displays (U.S.)
Bridgestone Corporation (Japan)

Strategies and Goals of Major Companies:

In June 2020, Yiwu Qing Yue Optoelectronics joined E Ink Holdings' ePaper ecosystem alliance.
In November 2020, Delta completed the acquisition of Trihedral Engineering Limited, a SCADA and IIoT software firm based in Canada.

The global e-ink market segmentation includes:

Type Outlook (Revenue, USD Billion; 2019-2030): Two-color System, Three-color System
Application/End-use Outlook (Revenue, USD Billion; 2019-2030): Electronic Reader, Mobile Phone, Watches, Computer, Others
Regional Outlook (Revenue, USD Billion; 2019-2030): North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, BENELUX, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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