Electronic Shelf Labels Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Electronic Shelf Labels Market
The electronic shelf labels market size was valued at USD 630.8 million in 2019, and the market is now projected to grow to USD 2,857.6 million by 2027, exhibiting a CAGR of 6.3% during the forecast period of 2019-2027.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the electronic shelf labels market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. The pandemic has also had a negative impact on facial recognition door lock manufacturing and production facilities. The disruption in the supply chain and the decreased availability of labor, staff, and resources are the causes of this. The market is expected to grow slowly. However, subject to the treatment segment returning to its regular operations, the product demand will gradually revert to its historical estimations as lockdown requirements are gradually relaxed.
Increasing demand for ESL-enabled inventory management to promote electronic shelf labels market growth during forecast period. The growing challenges of operating large warehouses or retail locations are driving up demand for smart inventory management. Advanced ESLs coupled with users' cellphones and powered by advanced analytics are expected to improve smart inventory management operations. Similarly, increased adoption of vendor managed inventory (VMI) and stock keeping units (SKU) is expected to open up new prospects for industry players.
Rising popularity of In-Store Internet of Things (IoT) to create traction in the market during forecast period. In-store Internet of Things is expected to grow significantly in the next years. For instance, in January 2020, SES-imagotag collaborated with Qualcomm Technologies International Limited. The firms' collaboration aims to build an improved high performance, ultra-low power, and enhanced security connection solution to promote the widespread use of IoT technology in retail establishments. Such alliances and partnerships are anticipated to help retailers by allowing them to rebuild in-store infrastructure using digital and IoT technologies, as well as construct automated and data-driven business operations.
Comprehensive Analysis of Electronic Shelf Labels Market
The electronic shelf labels market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types, By Technology and by end users. The Type segmentations include LCD based and E-paper based, By Technology segmentations include Vendor Facing Technology and Consumer Facing Technology, By End-use Industry segmentations include Hypermarket/ Supermarket, Non-food Retail Stores, Specialty Stores, and Others.
The North America region lead the electronic shelf labels market by benefitting a market size of USD 304.0 million in 2019 due to Increasing demand for ESL-enabled inventory management and Rising Popularity of In-Store Internet of Things (IoT).
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, Pricer AB (Sweden), SES-imagotag (France), Displaydata Limited (United Kingdom), Zhejiang Hanshow Technology Co., Ltd (Jiaxing, China), Opticon Sensors Europe B.V. (Hoofddorp, Netherlands), Altierre Corporation (San Francisco, United States), Teraoka Seiko Co., Ltd (Tokyo, Japan), E Ink Holdings Inc. (Hsinchu, Taiwan), Cest Co., Ltd. (Daegu, South Korea), LG Innotek (South Korea), Retail Solutions Pro DBA (Florida, United States) and Diebold Nixdorf, Inc. (Ohio, United States) these market players provide a level-playing competitive landscape.
In July 2020, E Ink Holdings and Yiwu Qing Yue Optoelectronic collaborated on an e-paper project. E Ink Holdings made an announcement that Optoelectronic has joined its e-Paper ecosystem, making it one of the market's major suppliers of ESL modules.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million)
Segmentation Type; Technology; End-use industry; and Geography
By Type
LCD Based
E-Paper Based
Segment E-Paper
Graphic E-Paper
By Technology
Vendor Facing Technology
Infrared
Radio Frequency
Consumer Facing Technology
Bluetooth Low Energy (BLE)
Near Field Communication (NFC)
By End-use Industry
Hypermarket/ Supermarket
Non-food Retail Stores
Specialty Stores
Others
By Geography
North America
By Type
By Technology
By End-use Industry
By Country
The U.S.
Canada
Europe
By Type
By Technology
By End-use Industry
By Country
UK
Germany
France
Italy
Scandinavia
Rest of Europe
Asia Pacific
By Type
By Technology
By End-use Industry
By Country
China
Japan
Korea
Australia
Southeast Asia
Rest of APAC
The Middle East & Africa
By Type
By Technology
By End-use Industry
By Country
GCC
South Africa
Rest of the Middle East & Africa
Latin America
By Type
By Technology
By End-use Industry
By Country
Mexico
Brazil
Rest of Latin America
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Key Takeaways
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Force Analysis
- 4.4. Supply chain Analysis
- 4.5. Global Market Share Analysis and Matrix, 2019
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Key Financials
- 6.3.2.1. Past and Current Revenue
- 6.3.2.2. Gross Margin
- 6.3.2.3. Geographical Share
- 6.3.2.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 8.1. Global Electronic Shelf Label Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.1.1. By Type (Value)
- 8.1.1.1. LCD Based
- 8.1.1.2. E-Paper Based
- 8.1.1.2.1. Segment E-Paper
- 8.1.1.2.2. Graphic E-Paper
- 8.1.2. By Technology (Value)
- 8.1.2.1. Vendor Facing Technology
- 8.1.2.1.1. Infrared
- 8.1.2.1.2. Radio Frequency
- 8.1.2.2. Consumer Facing Technology (Value)
- 8.1.2.2.1. Bluetooth Low Energy (BLE)
- 8.1.2.2.2. Near Field Communication (NFC)
- 8.1.3. By End-use Industry (Value)
- 8.1.3.1. Hypermarket/ Supermarket
- 8.1.3.2. Non-food Retail Stores
- 8.1.3.3. Specialty Stores
- 8.1.3.4. Others
- 8.1.4. By Region (Value)
- 8.1.4.1. North America
- 8.1.4.2. South America
- 8.1.4.3. Europe
- 8.1.4.4. Middle East & Africa
- 8.1.4.5. Asia Pacific
- 8.2. North America Electronic Shelf Label Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.2.1. By Type (Value)
- 8.2.1.1. LCD Based
- 8.2.1.2. E-Paper Based
- 8.2.1.2.1. Segment E-Paper
- 8.2.1.2.2. Graphic E-Paper
- 8.2.2. By Technology (Value)
- 8.2.2.1. Vendor Facing Technology
- 8.2.2.1.1. Infrared
- 8.2.2.1.2. Radio Frequency
- 8.2.2.2. Consumer Facing Technology (Value)
- 8.2.2.2.1. Bluetooth Low Energy (BLE)
- 8.2.2.2.2. Near Field Communication (NFC)
- 8.2.3. By End-use Industry (Value)
- 8.2.3.1. Hypermarket/ Supermarket
- 8.2.3.2. Non-food Retail Stores
- 8.2.3.3. Specialty Stores
- 8.2.3.4. Others
- 8.2.4. By Country (Value)
- 8.2.4.1. United States
- 8.2.4.2. Canada
- 8.3. Europe Electronic Shelf Label Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.3.1. By Type (Value)
- 8.3.1.1. LCD Based
- 8.3.1.2. E-Paper Based
- 8.3.1.2.1. Segment E-Paper
- 8.3.1.2.2. Graphic E-Paper
- 8.3.2. By Technology (Value)
- 8.3.2.1. Vendor Facing Technology
- 8.3.2.1.1. Infrared
- 8.3.2.1.2. Radio Frequency
- 8.3.2.2. Consumer Facing Technology (Value)
- 8.3.2.2.1. Bluetooth Low Energy (BLE)
- 8.3.2.2.2. Near Field Communication (NFC)
- 8.3.3. By End-use Industry (Value)
- 8.3.3.1. Hypermarket/ Supermarket
- 8.3.3.2. Non-food Retail Stores
- 8.3.3.3. Specialty Stores
- 8.3.3.4. Others
- 8.3.4. By Country (Value)
- 8.3.4.1. UK
- 8.3.4.2. Germany
- 8.3.4.3. France
- 8.3.4.4. Italy
- 8.3.4.5. Scandinavia
- 8.3.4.6. Rest of Europe
- 8.4. Asia Pacific Electronic Shelf Label Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.4.1. By Type (Value)
- 8.4.1.1. LCD Based
- 8.4.1.2. E-Paper Based
- 8.4.1.2.1. Segment E-Paper
- 8.4.1.2.2. Graphic E-Paper
- 8.4.2. By Technology (Value)
- 8.4.2.1. Vendor Facing Technology
- 8.4.2.1.1. Infrared
- 8.4.2.1.2. Radio Frequency
- 8.4.2.2. Consumer Facing Technology (Value)
- 8.4.2.2.1. Bluetooth Low Energy (BLE)
- 8.4.2.2.2. Near Field Communication (NFC)
- 8.4.3. By End-use Industry (Value)
- 8.4.3.1. Hypermarket/ Supermarket
- 8.4.3.2. Non-food Retail Stores
- 8.4.3.3. Specialty Stores
- 8.4.3.4. Others
- 8.4.4. By Country (Value)
- 8.4.4.1. China
- 8.4.4.2. Japan
- 8.4.4.3. Korea
- 8.4.4.4. Australia
- 8.4.4.5. Southeast Asia
- 8.4.4.6. Rest Of APAC
- 8.5. Middle East & Africa Electronic Shelf Label Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.5.1. By Type (Value)
- 8.5.1.1. LCD Based
- 8.5.1.2. E-Paper Based
- 8.5.1.2.1. Segment E-Paper
- 8.5.1.2.2. Graphic E-Paper
- 8.5.2. By Technology (Value)
- 8.5.2.1. Vendor Facing Technology
- 8.5.2.1.1. Infrared
- 8.5.2.1.2. Radio Frequency
- 8.5.2.2. Consumer Facing Technology (Value)
- 8.5.2.2.1. Bluetooth Low Energy (BLE)
- 8.5.2.2.2. Near Field Communication (NFC)
- 8.5.3. By End-use Industry (Value)
- 8.5.3.1. Hypermarket/ Supermarket
- 8.5.3.2. Non-food Retail Stores
- 8.5.3.3. Specialty Stores
- 8.5.3.4. Others
- 8.5.4. By Country (Value)
- 8.5.4.1. GCC
- 8.5.4.2. South Africa
- 8.5.4.3. Rest of MEA
- 8.6. Latin America Electronic Shelf Label Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.6.1. By Type (Value)
- 8.6.1.1. LCD Based
- 8.6.1.2. E-Paper Based
- 8.6.1.2.1. Segment E-Paper
- 8.6.1.2.2. Graphic E-Paper
- 8.6.2. By Technology (Value)
- 8.6.2.1. Vendor Facing Technology
- 8.6.2.1.1. Infrared
- 8.6.2.1.2. Radio Frequency
- 8.6.2.2. Consumer Facing Technology (Value)
- 8.6.2.2.1. Bluetooth Low Energy (BLE)
- 8.6.2.2.2. Near Field Communication (NFC)
- 8.6.3. By End-use Industry (Value)
- 8.6.3.1. Hypermarket/ Supermarket
- 8.6.3.2. Non-food Retail Stores
- 8.6.3.3. Specialty Stores
- 8.6.3.4. Others
- 8.6.4. By Country (Value)
- 8.6.4.1. Brazil
- 8.6.4.2. Mexico
- 8.6.4.3. Rest of LATAM
- 9. Following are some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain.
- 10. Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope.
- 11. However, at the same, we are open to profile additional company(s) on specific request
- 12. Altierre Corporation
- 13. ARKSCAN, LLC
- 14. CEST Ltd
- 15. CLEARink Displays, Inc.
- 16. Diebold Nixdorf, Inc.
- 17. DIGI
- 18. Displaydata Ltd.
- 19. E-Ink Holdings Inc.
- 20. Hanshow Technology
- 21. LG Innotak
- 22. M2COMM
- 23. NCR Corporation
- 24. NXP Semiconductors
- 25. NZ Electronic shelf label
- 26. Opticon Inc.
- 27. Pervasive Displays Inc.
- 28. Pricer AB
- 29. Retail Solutions Pro DBA
- 30. SES – Imagotag
- 31. SoluM ESL
- 32. Teraoka Seiko Co., Ltd
- 33. TroniTAG GmbH
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