Rapidly Increasing Environmental Awareness Drive the Demand for Electrowetting Display Market

The electrowetting display (EWD) is a new type of reflective optoelectronic device that displays such as paper. It is considered second generation of e-paper display technology. These electronic-paper (e-paper) displays help ambient light which falls on the display surface and reflects back to the observer's eye, providing good readability in all lighting circumstances. Reflective displays produce nearly no light pollution and are unobtrusive because they do not emit light but reflect it. Electrowetting display is widely used in many smart city projects, because of its energy efficiency and daylight readability, such as smart signage for transportation, retail, and architecture. This will provide ample new opportunities for the electrowetting display market to grow in the forecasted period.

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Data Bridge Market Research analyses that the electrowetting display market is expected to grow at a CAGR of 35.3% in the forecast period of 2021 to 2028 and is expected to reach USD 8,796.51 million by 2028. The rapidly increasing environmental awareness about the cutting down of trees for paper production directly impacts the growth of the electrowetting display market. The electrowetting display industry is also thriving due to the increased implementation of this technology in e-readers. Also, rising urbanization and industrialization and people's increased adoption of digital technology to reduce their reliance on paper for reading and documenting activities are positively boosting market growth. 

Electrowetting Display Market

Surging environmental concern is expected to drive the market's growth rate during the forecast period

Over the forecast period, rising environmental and tree-saving concerns are expected to boost the electrowetting display market. People are increasingly turning to digital tools to reduce their reliance on paper for things such as documentation and reading. Diverse application areas, vendors offering customized electrowetting display services, cost-effective than LED or LCD displays, used as an alternative technology to LED or LCD displays, alluring features such as allow readability during daylight, cause less eye fatigue, are light-weight and consume less power than other display technologies, demand for on-the-go information, and increase in electronic readers are all contributing to the electrowetting display market revenue.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2021 to 2028

Base Year

2020

Historic Years

2019 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Return Type (Returns, End-Of-Life, Remanufacturing, Refurbishing, Unsold Goods, Rentals and Leasing, Repairs and Maintenance, Delivery Failure, Returns Avoidance, Packaging and Others), Component (Return Policy And Procedure (RPP), Remanufacturing Or Refurbishment (ROR) and Waste Disposal (WAD)), Service Type (Transportation, Warehousing, Replacement Management, Reselling, Refund Management Authorization and Others), End-User (E-Commerce, Retail, Automotive, Consumer Electronics, Pharmaceutical, Reusable Packaging, Textile And Garments, Luxury Goods and Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America

Market Players Covered

CLEARink Displays, Inc. (U.S.), E Ink Holdings Inc. (Taiwan), Xerox Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), LG Display Co., Ltd. (South Korea), IDTechEx Ltd (U.K.), GUANGZHOU OED TECHNOLOGIES CO., LTD (China), PERVASIVE DISPLAYS, INC. (Taiwan), Plastic Logic HK Ltd (Hong Kong), GDS S.p.a (Italy), Zikon Inc. (U.S.), GDS Holding S.r.l. (Italy), SAMSUNG (South Korea), Epson Europe Electronics GmbH (Germany), Kent Displays, Inc (U.S.), Sony Corporation (Japan), Bridgestone Corporation (Japan), LANCOM Systems GmbH (Germany), Omni-ID (U.S.), Radiant Vision Systems, LLC (U.S.), Plextek (U.K.), Solomon Systech Limited (Hong Kong), Visionect (Slovenia)

Data Pointers Covered in Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Segment Analysis:

The electrowetting display market is segmented on the basis of product type, application and end user.

  • The product type segment of the electrowetting display market is segmented into e-readers, mobile devices, smart cards, poster and signage, auxiliary displays and electronic shelf label and wearables.
  • On the basis of application, the electrowetting display market is segmented into mobile phones, smartcards, smart watches and poster devices.
  • The end user segment of the electrowetting display market is segmented into automotive, consumer electronics, retail, healthcare and media and entertainment.

Major Players

Data Bridge Market Research recognizes the following companies as the major electrowetting display market players in electrowetting display market are CLEARink Displays, Inc. (U.S.), E Ink Holdings Inc. (Taiwan), Xerox Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), LG Display Co., Ltd. (South Korea), IDTechEx Ltd (U.K.), GUANGZHOU OED TECHNOLOGIES CO., LTD (China), PERVASIVE DISPLAYS, INC. (Taiwan).

Electrowetting Display Market

Market Development - 

  • In November 2020, Under the supervision of Professor Guofu Zhou and Professor Alex Henzen, the newest achievements in colour video electronic paper displays jointly developed and manufactured by South China Normal University (SCNU) and Shenzhen Guohua Optoelectronics Ltd. are shown. The achievements are based on the team's research and development efforts in colour video electronic paper displays, which are among the most advanced.

Regional Analysis

Geographically, the countries covered in the electrowetting display market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in electrowetting display market during the forecast period 2021 - 2028

North America will continue to dominate the electrowetting display market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the presence of major key players in this region. Additionally, the rapid technological advancements in the region is estimated to propel the market’s growth rate during the forecast period of 2021-2028.

Asia-Pacific is estimated to be the fastest-growing region in electrowetting display market the forecast period 2021 - 2028

Asia-Pacific region is anticipated to grow at the highest rate during the forecast period of 2021-2028 due to the growing demand of smart city infrastructure within this region.

COVID-19 Impact Analysis

COVID-19, a new coronavirus, was identified as the causal agent in pneumonia cases. This virus spread quickly over the world, killing a large number of people. COVID-19 was labelled a global pandemic by the World Health Organization (WHO) in March 2020, and rigorous measures to prevent the disease's spread were recommended. Since then, the pandemic has delayed the expansion of the semiconductor sector and disrupted the supply chain. Furthermore, governments in many nations had imposed nationwide lockdowns to halt the spread of COVID-19. Similarly, organizations in numerous nations throughout the world were having difficulty continuing their supply chain activities. The supply chain slowness hampered the electrowetting display market. On the bright side, the electrowetting display market is likely to improve as respective government bodies lifted the enforced lockdown restrictions. Various sectors are anticipated to rebound quickly post COVID-19 pandemic due to the wide number of applications they serve. As a result, the market is projected to stabilize in the future.

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