The global e ink materials market is expected to register a steady revenue CAGR during the forecast period. E-paper displays provide high visibility while using very little power. Furthermore, since these provide users with paper-like readability, they have been used in a variety of applications such as phones, accessories, and digital signs. Furthermore, they are bi-stable, which means they can function even when there is no power supply. These are factors driving market revenue growth during the forecast period.
To maintain their revenue shares, the major players are pursuing strategic initiatives such as mergers and acquisitions, partnerships, and new product development. Since China is a major supplier of raw materials and finished products, the COVID-19 outbreak is expected to have a significant impact on electronic devices, further impacting the market. Production is being reduced, the supply chain is being disrupted, and prices are fluctuating. Leading electronic sales of companies are expected to suffer in the near future.
Top Companies Operating 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)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
E-ink has become a critical component of consumer electronics and wearables due to increased demand for electronic paper displays. Rising demand for consumer electronics significantly contributes to revenue growth of the market due to constant demand for display technologies. Mobile phone, tablet, and smartphone penetration is driving revenue growth in the consumer electronics industry, necessitating more effective display technologies. Most consumer electronics use this technology to reduce eye strain and increase battery life. They are widely used in the wearables industry. Wearables such as fitness trackers have gained significant traction due to surge in fitness trends among consumers. Plastic Logic's ultra-thin and flexible e-paper displays are gaining popularity due to the enormous opportunities they open up in wearable device applications such as watches and mobile health monitoring devices.
When compared to other electronic displays, e-paper displays have a low rate. As a result, ability of vendors to implement interactive applications is limited since e-paper displays require a high frame rate to operate. These are some of the factors limiting revenue growth of the market. Furthermore, after refreshing the screen, a shadow may be visible in some areas of the screen, causing ghosting globally. This is another factor restricting the adoption of e-ink.
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
E Ink Market Segmentation
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
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