The Surge in E-Reader Adoption is Driven by Shifting Reading Patterns and Digitization of Books
According to the latest SNS Insider report, the E-Reader Market, valued at USD 9.62 billion in 2022, is poised to reach an impressive USD 16.69 billion by 2030. The market is expected to experience a robust compound annual growth rate (CAGR) of 7.13% during the forecast period from 2023 to 2030.
E-Reader Market Report Scope
E-readers are undergoing significant advancements in screen technology, featuring high-resolution displays that mimic print books for a more comfortable reading experience. Adjustable color temperature and interactive features such as online book clubs enhance user engagement. Social reading is becoming integral to the e-reading landscape, marking a notable trend. This trajectory is expected to persist as e-readers continue to evolve.
E-Reader Market Analysis
Global changes in reading habits, particularly during the COVID-19 pandemic, have driven the e-reader market, with e-book demand rising significantly. The release of new e-books by internet publishers and traditional publishing companies is a major factor in the growth of the market. The user experience is improved by advanced screen technologies, such as interactive elements and high-resolution screens.
Because of their excellent text visibility and low power consumption, e-ink panels are widely used. The market for Wi-Fi and 3/4G connectivity is expanding significantly, which is helping to promote the usage of e-readers widely. The market is dynamic, with rising demand driving North America’s leadership while robust growth is witnessed in the Asia-Pacific area due to expanding e-reader sales in China and India.
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Major Key Players Included in the Report are:
- Hanvon Technology
- Arta Tech
- Pocketbook International SA
- Wexler Flex
- Onyx International
- Barnes & Noble
- Innovative technology
Market Segmentation Analysis
In terms of screen type, E-ink is projected to dominate the market due to its low power consumption and superior text visibility. The 3/4G & Wi-Fi connectivity segment is anticipated to witness substantial growth, facilitating widespread use of e-readers. Currently, the kids’ segment is leading in application, but the student segment is expected to take the forefront as educational materials shift toward e-books.
Market Segmentation and Sub-Segmentation Included Are:
On The Basis of Screen
On The Basis of Connectivity
- 3/4G & WI-FI
On The Basis of Distribution Channel
- Specialty Stores
On The Basis of Application
- Senior people
Key Regional Development
North America is set to emerge as a leading market, driven by the rising demand in the United States. The Asia-Pacific region, particularly China and India, is expected to witness robust growth, attributed to increasing e-reader sales and growing popularity. The availability of e-books is transforming the publishing industry globally, with the nature and scope of e-books evolving dynamically.
Key Takeaways from the E-Reader Market Study
- The E-Reader Market is on a trajectory to surpass USD 16.69 billion by 2030, driven by the digitizationof books and changing reading habits.
- E-ink screens and 3/4G & Wi-Fi connectivity are poised to dominate their respective segments, shaping the market’s future.
- North America and the Asia-Pacific region, particularly China and India, are key drivers of the market, with a surge in e-reader sales and popularity.
- June 2023: Onyx introduces the BOOX Page, featuring a 7-inch E-Paper touchscreen display and a powerful Qualcomm octa-core CPU.
- September 2022: Amazon unveils its 11th-generation Kindle e-reader in India, boasting a 6-inch LCD, 300 ppi pixel density, 16 GB storage, and USB-C charging compatibility.
Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- COVID-19 Impact Analysis
- Impact of Ukraine- Russia war
- Impact of ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- E-reader Market Segmentation, by Screen
- E-reader Market Segmentation, by Connectivity
- E-reader Market Segmentation, by Distribution Channel
- E-reader Market Segmentation, by Application
- Regional Analysis
- Company Profiles
- Competitive Landscape
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