Business & Financial Services / Electronic Shelf Label Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players- Displaydata(UK), Pricer, M2Communication, Hanshow Technology
Electronic Shelf Label Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players- Displaydata(UK), Pricer, M2Communication, Hanshow Technology
The global Electronic Shelf Label Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 20.4% during the review period (2022 to 2027)
Electronic Shelf Label Market Overview
Electronic shelf label is a type of dynamic display system used by the retailers to display product info in retail store. This system transmits the product data that is updated in the central server using low power radio frequency (RF) through the gateway. Shelf label is experiencing rapid progress and is an emerging technology globally, which can remove the paper labels and is automatically changed every week. In addition, it also enables flexibility to make immediate price changes. Also, each electronic shelf label (ESL) system has the LCD or E-ink display that shows the price and UPC of the product. The trending automation in the retail industry is the main factor that drives the growth of the electronic shelf label market. Also, the necessity for more cost-efficient and less time-consuming alternative to paper labels fuel the market growth. In addition, improved operational efficiency with real-time product positioning due to utilization of electronic shelf label boosts the market growth. But, high expenses of installation and infrastructure cost restrain the market growth. Also, low return on investment is also expected to impede the electronic shelf label market growth.
Displaydata and Ossia (US) announced a partnership to build wireless power advancements into Displaydata’s electronic shelf labels. This partnership will enable the company to make its systems technologically advanced for the future.
May 2019 - E Ink, the leading innovator of electronic ink technology, displayed its latest innovations in color displays, writing films, and new light transmissive films at SID Display Week 2019 from May 14-16, 2019 in San Jose. It enables electronic shelf labels to respond to customer traffic patterns in an accurate manner.
What are the major Applications, Types and Regions for Electronic Shelf Label Market?
By Type, it is segmented into
Segmented E-paper ESL
Liquid Crystal Display (LCD) ESLs
Full-graphic E-paper ESL
By Applications it is segmented into
Consumer Electronics (Standalone)
Department Stores/Mass Merchandise
Electronic Shelf Label Market Regional Analysis
North America is the main market for electronic shelf labels globally. The huge market in this region can be attributed to the vast presence of retail stores, both small and big, across the region. Also, favorable government initiatives in the US towards technological innovation and integration of automated products across all industry verticals, specifically in retail automation is boosting the demand for the market.
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
The Electronic Shelf Label Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Electronic Shelf Label Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Electronic Shelf Label Market Report Scope?
Forecast Period 2022 to 2027 CAGR
CAGR of 20.4% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Electronic Shelf Label Report
Evaluate Electronic Shelf Label market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Electronic Shelf Label market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
What is the study period of this market?
The Electronic Shelf Label Market is studied from 2017 - 2027.
What is the growth rate of Electronic Shelf Label Market?
The Electronic Shelf Label Market is growing at a CAGR of 20.4% over the next 5 years.
What regions does this Electronic Shelf Label Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SUBJECT MATTER EXPERT ADVICE
GLOBAL ELECTRONIC SHELF LABEL MARKETBY TYPES
GLOBAL ELECTRONIC SHELF LABEL MARKET BY APPLICATIONS
INCREASING DEMAND FOR ELECTRONIC SHELF LABEL
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
ELECTRONIC SHELF LABEL GROWTH
APPLICATION OF ELECTRONIC SHELF LABEL
IMPACT OF COVID 19
GLOBAL ELECTRONIC SHELF LABEL MARKET, BY TYPES
Segmented E-paper ESL
Liquid Crystal Display (LCD) ESLs
Full-graphic E-paper ESL
GLOBAL ELECTRONIC SHELF LABEL MARKET, BY APPLICATION
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.