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Electronic Shelf Label Market worth $3.74 billion by 2030, growing at a CAGR of 13.20% - Exclusive Report by 360iResearch
Electronic Shelf Label Market | 360iResearch
The Global Electronic Shelf Label Market to grow from USD 1.57 billion in 2023 to USD 3.74 billion by 2030, at a CAGR of 13.20%.
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Retail stores use electronic shelf labels (ESLs) to display the prices of their products. Electronic shelf labels are designed to display product information such as the name, price, description, and other relevant data, and they can be easily updated wirelessly and in real time. ESLs consist of a small, battery-powered display attached to the edge of a shelf or a fixture and are controlled by a central server or a cloud-based platform communicating with the labels through wireless technologies, such as Wi-Fi or Bluetooth Low Energy (BLE). Stringent environmental regulation on the usage of paper and plastic is driving retailers worldwide to adopt electronic shelf labels that help in enhancing sales and brand value. The ongoing automation in the retail sector is expanding the adoption of electronic shelf labels across retail stores, such as appliance stores, convenience stores, department stores, and supermarkets. However, high installation and limited supportive infrastructure hamper electronic shelf labels market growth. Increasing the introduction of wireless standards for the electronic shelf label (ESL) is expected to create opportunities for the growth of the market.
The increasing adaptation of automation and Internet of Things (IoT) services in retail sectors with favorable governmental rules and regulations across the United States, Canada, Mexico, and Brazil has boosted the need for electronic shelf labels. The Asia-Pacific region's retail sector is revamping its business operations by adopting cutting-edge technologies such as artificial intelligence, big data analytics, augmented reality, virtual reality, and robots to play in the digital transformation of retail stores across emerging nations. Gofrugal's marketing team, a cloud ERP company for retail businesses currently working with over 40000 Kirana stores across India, announced 5,000+ businesses in the next six months in July 2021 with the entire Kirana ecosystem adaptation such as a perpetual inventory management solution, the first step toward creating a supply chain equilibrium. Thus, an increase in efforts for retail automation is expected to create a platform for electronic shelf labels in Asia-Pacific.
Market Segmentation & Coverage:
This research report categorizes the Electronic Shelf Label Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Batteries, E-ink Display, Microcontroller, Microprocessors, Radio, and Transceiver. The Transceiver is projected to witness significant market share during forecast period.
Based on Product Type, market is studied across Full Graphic E-paper ESLs, LCD ESLs, and Segmented E-paper ESLs. The LCD ESLs is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Infrared, Near Field Communication, and Radio Frequency. The Infrared is projected to witness significant market share during forecast period.
Based on Display Size, market is studied across 3 to 7 Inches, 7 to 10 Inches, Less than 3 Inches, and More than 10 Inches. The 3 to 7 Inches is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Convenience Stores, Hypermarkets, Non-Food Retail Stores, and Specialty Stores. The Specialty Stores is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Electronic Shelf Label Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Electronic Shelf Label Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Electronic Shelf Label Market, highlighting leading vendors and their innovative profiles. These include ADVANTECH AE, Diebold Nixdorf, Incorporated, Digety UG (limited liability) & Co. KG, Displaydata Limited, Epishine AB, Guangzhou Mengbian Information Technology Co., Ltd., Hangzhou Ontime I.T. Co., Ltd., Hangzhou Zkong Network Technology Co., Ltd., Hanshow Technology Co., Ltd., LabelNest, LANCOM Systems GmbH, MOKOsmart, NZ Electronic Shelf Labelling, Opticon Sensors Europe B.V., Panasonic Connect Europe GmbH, Pricer AB, Retail Solutions Pro DBA, S&K Solutions GmbH & Co. KG, Sen Security Solutions, Ses-Imagotag, Shanghai Sunmi Technology Co., Ltd., Shenzhen Minew Technologies Co., Ltd., Silicon Laboratories, Inc., SoluM Europe GmbH, SureSolutions by Deki Electronics Ltd, Teraoka Seiko Co., Ltd., TroniTAG GmbH, YalaTech Co., Ltd., and ZhSunyco.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Electronic Shelf Label Market, by Component
7. Electronic Shelf Label Market, by Product Type
8. Electronic Shelf Label Market, by Technology
9. Electronic Shelf Label Market, by Display Size
10. Electronic Shelf Label Market, by Distribution Channel
11. Americas Electronic Shelf Label Market
12. Asia-Pacific Electronic Shelf Label Market
13. Europe, Middle East & Africa Electronic Shelf Label Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Electronic Shelf Label Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Electronic Shelf Label Market?
3. What is the competitive strategic window for opportunities in the Electronic Shelf Label Market?
4. What are the technology trends and regulatory frameworks in the Electronic Shelf Label Market?
5. What is the market share of the leading vendors in the Electronic Shelf Label Market?
6. What modes and strategic moves are considered suitable for entering the Electronic Shelf Label Market?
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