Electronic Shelf Label Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product (Segmented Label, Full-Graphic Label, LCD Label), By Technology (Infrared, Near Field Communication, Radio Frequency, Bluetooth), By Component (Display, Battery, Software, Others), By End User (Supermarket, Hypermarket, Pharmacy, Others), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061610179 Pages: 114

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.

DRIVERS

A growing number of supermarkets.

Rising adoption of automation in the retail sector.

RESTRAINTS

High installation costs.

INDUSTRY UPDATES

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. 

Electronic Shelf Label Market Scope:

Report Metric Details
 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
 Base year  2018
 Forecast period  2019–2024
 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

 

Segmentation

The Electronic Shelf Label market has been analyzed through the following segments:

By Product

Segmented Label

Full-Graphic Label

LCD Label

 

By Technology

Infrared

Near Field Communication

Radio Frequency

Bluetooth

 

By Component

Display

Battery

Software

Others 

 

By End User

Supermarket

Hypermarket

Pharmacy

Others

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others


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. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

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

6.1. Infrared

6.2. Near Field Communication

6.3. Radio Frequency

6.4. Bluetooth

7. ELECTRONIC SHELF LABEL MARKET BY COMPONENT

7.1. Display

7.2. Batteries

7.3. Software

7.4. Others

8. ELECTRONIC SHELF LABEL MARKET BY END USER

8.1. Supermarket

8.2. Hypermarket

8.3. Pharmacy

8.4. Others

9. ELECTRONIC SHELF LABEL MARKET BY GEOGRAPHY

9.1. North America

9.1.1. USA

9.1.2. Canada

9.1.3. Mexico

9.2. South America

9.2.1. Brazil

9.2.2. Argentina

9.2.3. Others

9.3. Europe

9.3.1. Germany

9.3.2. France

9.3.3. United Kingdom

9.3.4. Spain

9.3.5. Others

9.4. Middle East and Africa

9.4.1. Saudi Arabia

9.4.2. Israel

9.4.3. Others

9.5. Asia Pacific

9.5.1. China

9.5.2. Japan

9.5.3. South Korea

9.5.4. India

9.5.5. Others

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

11.3. SES-imagotag

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

11.9. M2COMM,

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

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.

Dana Industries

Hanshow Technology Co. Ltd.

Huawei Technologies Co. Ltd. 

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