E-Paper Display Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


E-Paper Display Market Analysis:

The estimated market size of the Electronic Paper Display (EPD) is projected to be USD 2.28 billion in 2023, with an expected growth to USD 3.97 billion by 2028, representing a compound annual growth rate (CAGR) of 11.76% during the forecast period of 2023–2028. The increasing demand for real-time information and the proliferation of electronic readers, coupled with the development of user-friendly display devices, are key drivers for the growth of the EPD market.

EPDs are currently being utilized in various applications, including retail and transportation sectors, such as bus stops and rail information boards. For example, in Japan, E Ink Holdings and Papercast have collaborated to develop a solar-powered electronic paper passenger information display technology for a smart bus stop project. The Jerusalem Transportation Master Plan Team (JTMT) has also implemented solar-powered e-paper displays to enhance passenger information systems at bus stops.

E-paper displays are extensively used in e-readers and the rapidly expanding Electronic Shelf Label (ESL) segment. Traditional paper labels on store shelves require significant employee time for printing, sticking, and replacement for each product and SKU. By implementing miniature e-paper display labels, retail stores can enable dynamic pricing and free up employees to focus on customer assistance.

Apart from e-readers and ESLs, e-paper displays have found applications in indoor signage, such as event venues, hospitals, and hotels. These displays are lightweight, battery-powered, easily mountable, portable, and can be integrated with calendaring systems for automatic updates. Other emerging e-paper applications include menu boards, public transit signs, and baggage tags.

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