Global Electronic Shelf Label Market, By Product Type (LCD Electronic Shelf Label and E-paper Electr

Published Date: | Report Code : PK1954228

The Electronic Shelf Label Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Supermarket, Departmental Stores, Electronics & Appliance, Home Furnishing Stores, Specialty Stores, and Others during the forecast period. 

An Electronic Shelf Label (ESL) system is utilized by retailers for showing items valuing on racks. These labels are a technological arrangement extensively utilized in retail settings to show and adjust the cost of things in the store with restricted human intervention. The electronic shelf label system uses IoT innovation, which consequently mirrors the information when progressions are made in the local server.

It is expected that the worldwide market for electronic shelf label will grow during the forecast period due to developing interest for ongoing cost mechanization in retail settings, expanding interests in advancing the retail work process, government guidelines on institutionalizing item valuing, and inclination for ‘human-less retail’ in the midst of the rising work cost.

Segment Analysis:

Computerization in the retail segment is one of the main reasons for the growth of the electronic shelf label market. These price automation arrangements offer precision and value adaptability at the shelf edge, empowering retailers.

The LCD electronic shelf label product type segment is expected to account for the largest share of the electronic shelf label, as LCD electronic shelf label products are being adopted by small retailers due to their low maintenance requirements and low cost.

Key Factors Impacting Market Growth:

  • Growing demand from retailers
  • Rising adoption of store automation in retail stores
  • Lack of awareness about the benefits of ESL systems
  • High initial investment 

Regional Analysis:

The electronic shelf label market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for the electronic shelf label market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is key to the growth of the electronic shelf label market in this region. In addition to this development of cold chain systems to cater perishable goods and government regulations on packaging waste disposal is also governing the demand for the electronic shelf label market in this region. Major industries in these regions are estimated to be Supermarket, Departmental Stores, Electronics & Appliance, Home Furnishing Stores, Specialty Stores, and Others. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for electronic shelf label market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: NZ Electronic Shelf Labelling, Teraoka Seiko, Pricer,  SES-imagotag, Samsung Electro-Mechanics, E Ink Holdings, Displaydata, Diebold Nixdorf, M2Communication, and Opticon Sensors Europe 

Market Segmentation:

By Product Type:

  • LCD Electronic Shelf Label
  • E-paper Electronic Shelf Label

By Component:

  • Transceiver
  • Microprocessors
  • Displays
  • Batteries
  • Others

By End User:

  • Supermarket
  • Departmental Stores
  • Electronics & Appliance
  • Home Furnishing Stores
  • Specialty Stores
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Component
    • By End User
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Product Type
    • By Component
    • By End User
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By Component
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Product Type
    • By Component
    • By End User
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Product Type
    • By Component
    • By End User
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Product Type
    • By Component
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global electronic shelf label market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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