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Electronic Shelf Label Market to reach USD 3623.3 Bn by 2029, emerging at a CAGR of 20.3 percent and forecast 2023-2029
Electronic Shelf Label Market
The Electronic Shelf Label Market is poised to achieve significant milestones, reaching USD 993.6 million in 2022 and projecting an impressive growth trajectory to attain USD 3623.3 million by 2029. The market is anticipated to register a robust CAGR of 20.3% during the forecast period.
Maximize Market Research Pvt Ltd's latest report offers a thorough analysis of the Electronic Shelf Label Market, including a comprehensive assessment of the impact of the COVID-19 lockdown on market leaders, followers, and disruptors. The report delves into the short-term and long-term effects across regions and segments, aiding decision-makers in formulating strategic plans tailored to specific regions.
The report employs a rigorous research methodology, providing valuable insights into market dynamics, drivers, restraints, and regional trends. Decision-makers can leverage this data to prepare well-informed strategies for their companies.
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Electronic Shelf Label Market Dynamics:
The growth of the Global Electronic Shelf Label Market is propelled by factors such as increasing operational efficiency, enhanced product positioning, and the rise of retail automation. Electronic shelf labels, with their wireless communication network and energy-efficient displays, find applications across diverse sectors, including groceries, hardware stores, sports equipment, furniture, consumer appliances, and electronics.
Despite the market's promising outlook, the low labor cost in economically developing countries like India, South Korea, Brazil, China, and South Africa poses a restraint to the market's growth during the forecast period.
Electronic Shelf Label Market Regional Insights:
Europe: Holding a dominant 33% share in 2022, Europe is expected to maintain its stronghold, driven by the presence of domestic and multinational retailers. The region witnessed the initial launch of ESL solutions in 1991 in France.
APAC: Anticipated to exhibit a 28% market share, APAC benefits from globalization and the organized retail sector's development. Key countries contributing to market potential include China, India, Japan, Australia, Singapore, and South Korea.
North America: Securing a 22% market share in 2022, North America is poised to continue its dominance. The rapid integration of IoT technology in the retail industry fuels ESL adoption, with over 79% of retailers in the region investing in ESL and People counter.
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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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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)
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Table of content for the Electronic Shelf Label Market includes:
1. Global Electronic Shelf Label Market: Research Methodology
2. 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
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• 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
Contact Maximize Market Research:
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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