The global electronic shelf label market was valued at US$391.578 million in 2018 and is projected to expand at a CAGR of 16.85% over the forecast period to reach US$973.012 million by 2024. A number of retail stores are investing in electronic shelf label solutions in order to improve customer satisfaction, reduce costs, and remain competitive. These labels also help retailers to change product prices remotely, leading to enhanced business process efficiency. Factors that are driving the market for electronic shelf labels include augmenting demand for real-time product positioning coupled with stringent government regulations regarding accurate label pricing. Additionally, rising disposable income coupled with a growing preference to shop from hyper and supermarkets is further boosting the market for electronic shelf labels. Technological advancement in the coming years will provide growth opportunities for the electronic shelf label market. However, the high initial investment is likely to hamper the market growth for the labels. The electronic shelf label market has been segmented on the basis of product, technology, component, end-user, and geography. In the product segment, the full graphic label is anticipated to grow at a significant rate owing to its ability to project graphical logos along with low power consumption features. Further, in the end-user segment hypermarkets are projected to grow at a substantial rate on account of the rising adoption of these labels due to complicated manual management of hypermarkets. Geographically, the Asia-Pacific region is anticipated to witness the fastest growth in the electronic shelf market during the forecast period owing to the growing demand for retail automation and expansion of organized retail chains in emerging economies such as China and India.
A growing number of supermarkets.
Rising adoption of automation in the retail sector.
High installation costs.
In April 2018, ltierre Corp and Sirqul announced a strategic global alliance at Retail World Congress in Madrid with an aim to bring together Altierre’s leading Internet of Things (IoT) platform and Electronic Shelf Labels (ESL) with Sirqul’s IoT platform and location-based Edysen Technology to give retailers a smart, efficient solution for locating items and shoppers in their stores.
In January 2017, Pricer, the global leader in digital shelf-edge solutions, announced a partnership with ECRS, a leading supplier of value-added Point of Sale (POS) solutions to provide an integrated, high-end Electronic Shelf Labeling (ESL) system.
The major players profiled in the Electronic Shelf Label market include Altierre Corporation, Pricer AB, SES-imagotag, Diebold Nixdorf, Incorporated, Displaydata Ltd, E ink Holdings, Samsung Electro-Mechanics, Opticon Sensors Europe B.V, M2COMM and Teraoka Seiko Co. Ltd., and Dana Industries among others.
|Market size value in 2018||US$391.578 million|
|Market size value in 2024||US$973.012 million|
|Growth Rate||CAGR of 16.85% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Product, Technology, Component, End-User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Altierre Corporation, Pricer AB, SES-imagotag, Diebold Nixdorf Incorporated, Displaydata Ltd., E ink Holdings, Samsung Electro-Mechanics, Opticon Sensors Europe B.V, M2COMM, Teraoka Seiko Co., Ltd.|
|Customization scope||Free report customization with purchase|
The Electronic Shelf Label market has been analyzed through the following segments:
Near Field Communication
By End User
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the electronic shelf label market size by 2024?
A1. The global electronic shelf label market is projected to reach a total market size of US$973.012 million in 2024.
Q2. What are the growth prospects for the global electronic shelf label market?
A2. Electronic Shelf Label Market is projected to expand at a CAGR of 16.85% during the forecast.
Q3. Who are the major players in the electronic shelf label market report?
A3. The major players profiled in the Electronic Shelf Label market include Altierre Corporation, Pricer AB, SES-imagotag, Diebold Nixdorf, Incorporated, Displaydata Ltd, E ink Holdings, Samsung Electro-Mechanics, Opticon Sensors Europe B.V, M2COMM and Teraoka Seiko Co. Ltd., and Dana Industries among others.
Q4. Which region holds the largest market share in the electronic shelf label market?
A4. Asia-Pacific region is anticipated to witness the fastest growth in the electronic shelf market during the forecast period.
Q5. What factors are anticipated to drive the electronic shelf label market growth?
A5. Technological advancement in the coming years will provide growth opportunities for the electronic shelf label market.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. ELECTRONIC SHELF LABEL MARKET BY PRODUCT
5.1. Segmented Label
5.2. Full-Graphic Label
5.3. LCD Label
6. ELECTRONIC SHELF LABEL MARKET BY TECHNOLOGY
6.2. Near Field Communication
6.3. Radio Frequency
7. ELECTRONIC SHELF LABEL MARKET BY COMPONENT
8. ELECTRONIC SHELF LABEL MARKET BY END USER
9. ELECTRONIC SHELF LABEL MARKET BY GEOGRAPHY
9.1. North America
9.2. South America
9.3.3. United Kingdom
9.4. Middle East and Africa
9.4.1. Saudi Arabia
9.5. Asia Pacific
9.5.3. South Korea
10. COMPETITIVE INTELLIGENCE
10.1. Company Benchmarking and Analysis
10.2. Recent Investment and Deals
10.3. Strategies of Key Players
11. COMPANY PROFILES
11.1. Altierre Corporation
11.2. Pricer AB
11.4. Diebold Nixdorf Incorporated
11.5. Displaydata Ltd.
11.6. E Ink Holdings
11.7. Samsung Electro-Mechanics
11.8. Opticon Sensors Europe B.V
11.10. Teraoka Seiko Co., Ltd.
11.11. Dana Industries
11.12. Hanshow Technology Co. Ltd.
11.13. Huawei Technologies Co. Ltd.
LIST OF FIGURES
LIST OF TABLES
E ink Holdings
Opticon Sensors Europe B.V
Teraoka Seiko Co., Ltd.
Hanshow Technology Co. Ltd.
Huawei Technologies Co. Ltd.
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