The electrowetting display global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electrowetting Display Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The electrowetting display market size has grown rapidly in recent years. It will grow from $1.76 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to growing demand for energy-efficient displays, research and development investments, growing demand for high-resolution displays, increasing adoption of electronic paper displays in e-readers and signage applications, and increasing applications in electronic devices.
The electrowetting display market size is expected to see rapid growth in the next few years. It will grow to $4.12 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to rising adoption of wearable devices, continuous improvements in manufacturing processes, a shift towards eco-friendly and sustainable display technologies, rising demand for flexible and foldable display solutions, and the and the expansion of applications in automotive. Major trends in the forecast period include adoption of e-readers, innovations enhancing color reproduction and response times, technological advancements, the expansion of augmented reality (AR) and virtual reality (VR) applications, and innovations in materials and manufacturing processes.
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Scope Of Electrowetting Display Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electrowetting Display Market Overview
Market Drivers –
The increasing use of wearable devices is expected to propel the growth of the electrowetting display market going forward. Wearable devices are electronic gadgets designed to be worn on the body. Wearable devices offer a wide range of functionalities, such as fitness tracking, health monitoring, and connectivity, which cater to the increasing health consciousness and need for digital ecosystems to enhance utility and user experience. Electrowetting displays offer high brightness and excellent visibility in various lighting conditions, including direct sunlight, making it ideal for outdoor use, which is typical for wearable devices. For instance, in September 2023, in a survey of 8019 respondents conducted by Huawei Technologies Co.Ltd., a China-based digital technology company, over 49% currently use wearable devices, with more than 36% specifically owning smartwatches. Therefore, the increasing use of wearable devices will drive the growth of the electrowetting display market.
Market Trends –
Major companies operating in the electrowetting display market are focused on innovating full-color display panels to enhance visual performance and expand applications across various industries. Full-color display panels employ advanced electrowetting technology to manipulate colored oil droplets for vibrant, energy-efficient visual displays. For instance, in January 2021, Etulipa, a Netherlands-based company specializing in display technology, launched a full-color electrowetting display (EWD) panel. It features six-pixel tiles stacked such as roof tiles; it utilizes cyan, magenta, and yellow cells for vibrant color reproduction. These displays consume just 7 watts per square meter on average, are suitable for off-grid installations, and leverage ambient light for excellent readability without emitting light, ensuring zero light pollution and emissions.
The electrowetting display market covered in this report is segmented –
1) By Product Type: Electronic Readers, Mobile Devices, Smart Cards, Poster And Signage, Auxiliary Displays, Electronic Shelf Label, Wearables
2) By Display Type: Flat, Curved, Flexible, Foldable
3) By End-User Industry: Automotive, Packaging And Logistics, Consumer Electronics, Institutional, Retail, Healthcare, Media And Entertainment, Other End User Industries
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Regional Insights –
North America was the largest region in the electrowetting display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electrowetting display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the electrowetting display market are Samsung Electronics Co. Ltd., Sony Corporation, Qualcomm Technologies Inc., LG Display Co. Ltd., Sharp Corporation, Koninklijke Philips N.V., Kyocera Corporation, TCL Corporation, AU Optronics Corporation, Xerox Holdings Corporation, AdvanTech Co. Ltd., E Ink Holdings Inc., Orient Display, HannStar Display Corporation, LANCOM Systems GmbH, CLEARink Displays Inc., Kent Displays Inc., PERVASIVE DISPLAYS INC., IDTechEx Ltd, FlexEnable Limited, Displaydata Ltd., Plastic Logic Germany Limited, Zikon Inc., Gamma Dynamics LLC, Tianma Microelectronics Co. Ltd.
Table of Contents
1. Executive Summary
2. Electrowetting Display Market Report Structure
3. Electrowetting Display Market Trends And Strategies
4. Electrowetting Display Market – Macro Economic Scenario
5. Electrowetting Display Market Size And Growth
…..
27. Electrowetting Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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