Electronic Shelf Label Market – Industry Trends, Technology, Applications and Growth Drivers to 2024

The technological segments are radio frequency and infrared. RF communication dominated the ESL market in 2015 owing to considerable ease of communication. The infrared sector will grow considerably owing to its features such as increased security and low cost. The segments based on application are hypermarkets, supermarkets and non-food retail stores. Hypermarkets dominated the revenue share in 2015 due to its growing demand for automated products.

"Electronic Shelf Label Market is forecast to be valued at over USD 1.2 billion by 2024. Increasing demand for retail automation products will drive industry revenue. Rising applications of these labels across numerous retail sectors, such as supermarkets, hypermarkets, non-food retail stores, and other small kiosks to replace conventional paper is expected to drive the industry demand.

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Electronic shelf labels are integrated with several technologies to enable and expand their usability in the retail stores. These assist users in enhancing sales, strategizing product pricing, and providing a better customer experience. Increasing population across the globe has supplemented to the availability of labor force. Slow rates of increasing labor wages are also likely to hinder the adoption rates of digital and automated products, such as ESL systems over the next few years.

Emergence of interactive stores will be an opportunity for the electronic shelf label market participants. The real time positioning of the products will enable such interactive stores. These stores will enhance the customer experience and will improve the functionality and profitability of retail outlets.

Regulations regarding consumer protection by various authorities across the globe have laid down guidelines for informing the price of the product to the consumer, which will drive the ESL market. Electrical and electronic waste generated at different stages of the life cycle of an equipment is recognized as a critical issue across the globe owing to its impact on the environment and humans. To overcome this, different regulatory bodies, such as ROHS and WEEE EU have developed directives to tackle the issue. ESL market manufacturers along with other electronic industrial segments are mandated to increasingly invest for the compliance to these regulations.

LCD electronic shelf label market led the global revenue in 2015 due to rising demand in Asia Pacific and MEA. Full graphic e-paper product demand is set to witness rapid growth and led the global sales in 2015. In addition to lower power consumption, these products also have multi-color display.

The ESL market is fairly consolidated with few players dominating the overall share. Some of the key players include SES-Imagotag, Pricer AB, Solu-M, E Ink Corp., Altierre, LG Innotek, Displaydata, M2Communication, Wincor Nixdorf, etc. The players are focusing on mergers and acquisitions for growth.
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Browse key industry insights spread across 90 pages with 93 market data tables & 68 figures & charts from the report, “Electronic Shelf Label (ESL) Market Size By Product (LCD, Segmented e-paper, Full Graphic e-paper), By Technology (Radio Frequency, Infrared), By Application (Hypermarkets, Supermarkets, Non-food Retail Stores), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Russia, France, India, China, Japan, Mexico, Brazil), Growth Potential, Competitive Market Share & Forecast, 2016 – 2024 ” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/electronic-shelf-label-esl-market

Glimpse of Table of Content (ToC)

Chapter 3. Electronic Shelf Label Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2012 - 2024

3.3. Industry ecosystem analysis

3.3.1. Vendor matrix

3.3.2. Distribution channel analysis

3.4. Technology & innovation landscape

3.5. Retail industry landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.6. Regulatory landscape

3.6.1. U.S.

3.6.2. EU

3.7. Industry impact forces

3.7.1. Growth drivers

3.7.1.1. Rising applicability due to the real-time product positioning

3.7.1.2. High ROI and rising demands for retail automation

3.7.1.3. Precise product pricing norms in developed countries

3.7.2. Industry pitfalls & challenges

3.7.2.1. High initial investment

3.7.2.2. Low labor wages and lack of skilled labor force

3.8. Growth potential analysis

3.8.1. Business models

3.9. Porter's analysis

3.10. Company market share analysis, 2015

3.10.1. Strategy dashboard

3.11. PESTEL analysis

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