Global Electronic Shelf Label Market is Expected to Reach USD 3.18 billion by 2027

Electronic shelf label is expected to rise at annual rate of 19.84% in the forecast period of 2020 to 2027 and is anticipated to reach USD 3.18 billion by 2027 due to accelerating growth of retail automation along with rising demand of business process optimisation are driving the market growth during the forecast period of 2020 to 2027.

Increasing development in real time data analysis and expanding demand of e-paper technology will further cater new and ample opportunities for the electronic shelf label market in the above mentioned forecast period.

Electronic Shelf Label Market Scenario

According to Data Bridge Market Research, the market for electronic shelf label is accelerating owing to rising the operational effectiveness with real time product positioning and occurrence of cost efficient alternative. Increasing capital expenses on supporting infrastructure will act as restraints to the market growth in the forecast period of 2020 to 2027.

Now the question is which are the other regions that electronic shelf label market is targeting? Data Bridge Market Research has forecast large growth in Asia-pacific in the forecast period of 2020-2027 unpaid to the availability of labor at low price along with accurateness of price labeling. On the contrary, Europe is seen to dominate the electronic shelf label market because of the occurrence of majority of electronics manufacturers in the region.

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Electronic Shelf Label Market Development

  • In May 2019, E Ink, one of the leading innovators of electronic ink technology, displayed its latest innovations in writing films, color displays and new light transferring films at SID Display Week in San Jose. It allows electronic shelf labels to react to customer traffic patterns in a correct manner.

Electronic Shelf Label Market Scope

Electronic shelf label  market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of electronic shelf label market is further analyzed based on maximum granularity into further segmentation. Electronic shelf label market on the basis of component has been segmented as displays, batteries, transceivers, microprocessors, and others. Based on product type, electronic shelf label market has been segmented into LCD ESL, segmented e-paper ESL, and full-graphic e-paper ESL. On the basis of store type, electronic shelf label market has been segmented into hypermarkets, supermarkets, non-food retail stores, specialty stores, and other store types. On the basis of communication technology, electronic shelf label market has been segmented into radio frequency, infrared, near field communication, and other communication technologies.
  • Electronic shelf label are the systems which are used in the retail store to enhance work effectiveness, lessen labor cost helps in increasing retailer's profit margin. It eradicates the physical work of changing pricing labels of the products and automatically updates the pricing labels.

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Key Pointers Covered in the Electronic Shelf Label Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • SES-imagotag
  • Pricer AB
  • Samsung Electronics Co. Ltd
  • E Ink Holdings Inc
  • Displaydata Limited
  • M2COMM
  • Diebold Nixdorf, Incorporated
  • Opticon Sensors Europe B.V
  • Altierre Corporation
  • Advantech Co., Ltd
  • FORBIX SEMICON India Pvt Ltd
  • LANCOM Systems GmbH
  • Solum
  • troniTAG GmbH
  • Cicor Management AG
  • CSY Retail Systems Ltd

Above are the key players covered in the report, to know about more and exhaustive list of electronic shelf label companies’ contact us

Research Methodology of Electronic Shelf Label Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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