Press release
Electrowetting Display Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | Sony Corporation, LG Display Co. Ltd., Sharp Corporation, Koninklijke Philips N.V., Kyocera Corporation
"The Business Research Company recently released a comprehensive report on the Global Electrowetting Display Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18348&type=smp
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
Electrowetting Display Market 2024 Key Insights:
• 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%.
• Rising Wearable Device Usage Drives Demand For Electrowetting Displays
• Innovative Design And Material Advances In The Electrowetting Display Market
• North America was the largest region in the electrowetting display market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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