The market for e-readers was projected to be valued USD 10.11 billion in 2023. Forecasts indicate that by 2032, the e-reader market would have grown from USD 10.67 billion in 2024 to USD 18.10 billion, or a compound annual growth rate (CAGR) of 6.82%.
A 350-page thorough research study named "E-reader market" has been added to MRFR. For the benefit of users, every piece of data and information—particularly the numerical data—included in this market study has been expertly depicted using graphs, charts, and tables. With the use of this study, the clients can address any strategic concern, such as new product development, application modeling, product definition, specialized growth potential, and geographic markets. A few more data models used in the research approach are the merchant positioning grid, vendor share analysis, market overview and guide, market time line analysis, company positioning grid, and company market share analysis.
Methods of Research
The report's foundation is unquestionably laid by the comprehensive strategies offered by skilled data analysts. In order to produce meaningful market predictions for the review period, analysts gather data and then carefully examine and filter it. This is known as the research technique. Leading market influencers are interviewed as part of the research process, which adds relevance and usefulness to the primary study. A clear view of the relationship between supply and demand is provided by the secondary technique. The report's market techniques give a comprehensive overview of the market and accurate data analysis. There have been uses of both primary and secondary data collection methods. Furthermore, publicly accessible resources like annual reports and white papers have.
Key Players
Eminent market players profiled in the e reader market report
- Ectacto Inc
- com Inc
- Sony Corporation
- News Corporation
- Barnes & Noble
- Hanvon Technology
- Rakuten Kobo
- Onyx International Inc
- Arta Tech
- Bookeen
- PocketBook International
COVID-19 Analysis
Despite the fact that the COVID-19 epidemic had an impact on many markets throughout the world, the market's impact was somewhat muted since so many schools, universities, and institutions switched to an online education paradigm, which sparked a huge demand for e-readers. And as a result, the share of the E-reader market increased at a respectable rate. Some manufacturers had difficulties during the production process, but they quickly used technology to resolve them.
Regional Analysis
North America to Command E-Reader Market
North America is expected to become a significant regional market because of an increase in demand from the USA. Presently, the North American area has greater market revenue shares. The ubiquity of connected devices like smartphones, iPads, tablets, and other gadgets has raised demand for e-readers, giving North America the market's top spot. Additionally, the market is expected to grow as a result of regional disparities in ITC expenditure and technological advancements. To get a cutthroat edge in the market, major companies in this area are focusing on the release of e-Readers and eBooks.
APAC to Have Admirable Growth in E Reader Market
The forecast timeframe will see a steady increase in the Asia-Pacific market. The primary causes of this include increasing e-reader sales within China and expanding popularity in countries like India. The use of e-learning in today’s curriculum is expanding as a result of technical advancements in the field of education, which will improve each student's experience learning. One of the key factors affecting the market's growth is this. E-book readers may add comments, hyperlinks, & keyword searches to a variety of free e-books, including fiction, classics, and reference resources. Thus, students—especially those in universities—are converting from conventional books to e-books in order to better their entire reading experience.
Key questions answered in the report:
- Which are the five top players of the E-reader market?
- How will the E-reader market change in the next five years?
- Which product and application will take a lion’s share of the E-reader market?
- What are the drivers and restraints of the E-reader market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the E-reader market throughout the forecast period?
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