The global demand for Electronic Shelf Label Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Electronic shelf label system used by the retailer to enhance work efficiency, reduce labor cost, and increase retailer's profit margin. It removes the manual task of changing pricing labels of the products on shelves. The electronic shelf label robotically updates the pricing tags. It has made significant changes in the retail stores and has enriched the overall management process. It uses LCD or electronic paper to display product prices to the buyers. This system works on wireless communication networks, including infrared technology and radio for communicating with the backend database.
Market Dynamics
The market is mainly driven by changing lifestyles, growth of the retail sector resulted in higher demand for store automation systems, which gradually raised the demand for electronic shelf labels. In addition to this, other advantages of using this system are it is cost-effective, fast, and secure. Apart from this, retailers are focusing on improving customer experiences for reliable and accurate pricing is expected to boost the market. Also, the rising deployment of the electronic shelf labels in the retail store catalyzed the market growth. The increasing adoption of this system globally creates a new opportunity to grow in the upcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electronic shelf label. The growth and trends of electronic shelf label industry provide a holistic approach to this study.
Market Segmentation
This section of the electronic shelf label market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- LCD
- Segmented E-Paper
- Full-Graphic E-Paper
By Component
- Displays
- Batteries
- Transceiver
- Microprocessors
- Others
By Display Size
- Less than 3 Inch
- 3 Inch to 7 Inch
- 7 Inch to 10 Inch
- More than 10 Inch
By Communication Technology
- Radio Frequency
- Infrared
- Near Field Communication
- Others
By Store Type
- Hypermarkets
- Supermarkets
- Non-Food Retail Stores
- Specialty Stores
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Electronic Shelf Label market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electronic Shelf Label Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electronic shelf label market include Pricer, Displaydata, E Ink Holdings, Samsung Electro- Mechanic, Diebold Nixdorf, Altieer, SES-imagotag, Clearink Display, Panasonic Corporation, NCR Corporation and SoluM Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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