Press release
Electronic Shelf Label Market projected to achieve a value of USD 993.6 million in 2023 and is anticipated to soar to USD 3623.3 million by 2029, reflecting a robust CAGR of 20.3 Parcentage
Electronic Shelf Label Market
The comprehensive report on the Electronic Shelf Label Market provides valuable insights into the impact of the COVID-19 lockdown on market leaders, followers, and disruptors. As the lockdown measures varied across regions and countries, the market's revenue was affected differently by segments and geographical locations. The report extensively covers the short-term and long-term effects on the market, assisting decision-makers in formulating strategies and plans for companies on a regional basis.
To obtain reliable and accurate data, the research for the Electronic Shelf Label Market report employed a well-defined research methodology. The analysis incorporates various factors such as market drivers, restraints, and regional insights. The data was gathered from reputable sources and analyzed meticulously to present an in-depth understanding of the market.
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What are Electronic Shelf Label Market Dynamics:
Electronic Shelf Label Market Dynamics refer to the factors and forces that drive the growth and changes in the market for electronic shelf labels. These dynamics include various internal and external elements that influence the demand, supply, and overall performance of electronic shelf labels in the market. Some of the key dynamics include:
Increasing Retail Automation: The rising adoption of automation in the retail sector to enhance operational efficiency and improve customer experience is driving the demand for electronic shelf labels. These labels enable retailers to update product information and prices in real-time, leading to better inventory management and reduced manual efforts.
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Electronic Shelf Label Market Regional Insights:
Europe held the largest share of the Electronic Shelf Label Market, accounting for 33% in 2023, and is expected to maintain its dominance during the forecast period. The strong presence of domestic and multinational retailers in the region, with the launch of ESL solutions in France in 1991, has contributed to Europe's head start in the ESL market.
Following Europe, the APAC region is anticipated to capture a 28% market share over the forecast period due to globalization and the development of the organized retail sector in the region. China, Japan, Australia, Singapore, South Korea, and the rest of the APAC region are the prominent countries with significant market potential, driven by the expansion of large-scale retailers.
North America held a 22% market share in 2023 and is projected to maintain its dominance. The inclusion of IoT technology in the retail industry, with over 79% of retailers in North America investing in ESL and People counter, is expected to accelerate the market growth of ESL.
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What is Electronic Shelf Label Market Segmentation:
by Component
• Displays
• Batteries
• Transceiver
• Microprocessors
• Others
by Product Type
• LCD ESL
• Segmented E-Paper ESL
• Full-Graphic E-Paper ESL
by Communication Technology
• Radio Frequency (RF)
• Infrared (IR)
• Near Field Communication (NFC)
• Other Communication Technologies
• Displays
• Batteries
• Transceiver
• Microprocessors
• Others
by Store Type
• Hypermarkets
• Supermarkets
• Non-Food Retail Stores
• Specialty Stores
• Other Store Types
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Who are Electronic Shelf Label Market Key Players:
• Pricer (Sweden)
• SES-imagotag (France)
• Samsung Electro-Mechanics (South Korea)
• E Ink Holdings (Taiwan)
• Displaydata (UK)
• M2Communication (Taiwan)
• Diebold Nixdorf (Germany)
• Opticon Sensors Europe (Netherlands)
• Teraoka Seiko (Japan)
• NZ Electronic Shelf Labelling (New Zealand)
• Advantech Inc.,
• Altierre Corporation,
• Displaydata Limited,
• Herbert Retail Limited,
• M2COMM
• Opticon Sensors Europe B.V.
• SoluM,
• SES-imagotag
• Pricer AB.
• NZ Electronic Shelf Labelling (New Zealand)
Table of content for the Electronic Shelf Label Market includes:
Global Electronic Shelf Label Market: Research Methodology
Global Electronic Shelf Label Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Electronic Shelf Label Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Electronic Shelf Label Market Segmentation
Global Market, by Component (2023-2029)
Global Market, by Product Type (2023-2029)
Global Market, by Communication Technology (2023-2029)
Global Market, by Store Type (2023-2029)
Regional Electronic Shelf Label Market (2023-2029)
Regional Market, by Component (2023-2029)
Regional Market, by Product Type (2023-2029)
Regional Market, by Communication Technology (2023-2029)
Regional Market, by Store Type (2023-2029)
Regional Market, by Country (2023-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Component , Product Type , Communication Technology and Store Type
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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