Electronic Shelf Labels Market In The Us to Witness Exponential Growth by 2021

Summary

Orbis Research Presents Electronic Shelf Labels Market in the US 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts.

Description

Recent Study Report – Electronic Shelf Labels Market in the US 2017-2021
The Following Companies As The Key Players In The Electronic Shelf Labels Market In The US: Altierre, Displaydata.com, Pricer, SES-imagetag, and Teraoka Seiko.

Other Prominent Vendors in the market are: ESL market include Advantech, E Ink, Eltrade, LG Innotek, NZ Electronic Shelf Labeling, SAMSUNG ELECTRO-MECHANICS, S o l u M Toshiba Global Commerce Solutions, and Wuxi Wei Feng Technology.

Commenting on the report, “One trend in market is growing demand for smart ESLs. The demand for smart ESLs is growing across the world, which provides an opportunity for ESL players in the US to sell their smart ESLs to retailers operating in the country. For instance, Pricer offers smart ESLs. Smart ESLs enable retailers to add more data to the labels, including promotional messages, promotional discounts, and stock information that boost the sales and improve the in-store experience.”

According to the report, one driver in market is premiumization through product and feature innovation. With the rapid growth of the retail market in the US, players operating in the country's ESL market are now focusing on developing ESLs with innovative features. For instance, retailers are adding NFC-enabled labels or QR codes to link customers to respective sites, online marketing campaigns, reviews, or social media. The growing internet reach and smartphone penetration rates are transforming the way retailers operate. Due to the emergence of various digital channels, consumers today are more connected, better informed, and demand for better services. To adapt to these changes and leverage them, retail stores need to reinvent themselves by adopting digital technology and assist consumers at the POS. Adopting the omni-channel strategy might also prove to be beneficial for retailers.

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Further, the report states that one challenges in market is industry moving toward affordable solutions. The price of ESLs has come down drastically. The average cost of an ESL is $6. Many players in the market are investing in R&D for the development of low-cost ESLs due to the growing competition among the existing players in the market. The revenue model of most vendors is dependent on partnerships. If any player in the market is entering a partnership with retailers, then that player has the potential to make a profit. The players should sell high-quality ESLs to make profit, as the price of ESLs is low. This creates a price challenge for players. Profit will happen only through the partnerships with the leading retailers in the US.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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