The global electronic shelf label market is anticipated to grow at a CAGR of around 10.5% during the forecast period 2020 to 2027 and to reach around US$ 2.7Bn by 2027.
Market Dynamics
Inclination towards automation in the retail sector and demand for electronic shelf label solution in order to provide better transparency, accuracy and flexibility to players and gain a competitive edge are major factors expected to drive the growth of the global market. Manufacturers are providing various reliable communication solution with the help of ESL, the players are effectively communicating with the consumers, it also help them to optimize price, provide promotional opportunities, and enable to manage the in-store traffic.
Major players focus on collaborative work in order to provide better solution is another factor expected to further support the growth of target market. Players are inclining towards emerging economies in order to increase the customer base and enhance the profit ratio.
- In 2019, Wirecard partnered with SES-imagotag in order to develop an electronic shelf labeled mobile payment solution for in-store shoppers. By scanning an ESL with their smartphones, shoppers will have access to customer reviews, rich content and other marketing and loyalty programs.
- In 2019, Panasonic partnered with E Ink a technology company in order to launch ESL and provide innovative display technology solutions for the retail industry in India. The company launched an all-new Electronic Shelf Labelling (ESL) solution in order to support retailers to improve operational efficiency and customer experience over traditional paper-based price labels. This will help the company to strengthen its position in India.
With the advent of IoT in the retail sector and introduction of various analytical solutions in order to increase customer loyalty, boost sales, and offer personalized experience is another factor expected to impact the growth of the global market.
However, factors such as high cost of operation for unorganized retailers and lack of skilled labor are expected to hamper the growth of the global market. In addition, high preference of e-commerce is lowering the consumer interest for retail shopping this is another factor expected to challenge the growth of the target market
Inclination of major players towards emerging economies and approach towards increasing the customer base is expected to create new opportunities for player over the forecast period.
Electronic Shelf Label Market Segment Analysis, 2019
The global market is segmented in to product, technology, and application. The product segment is further bifurcated into LCD ESL, Segmented e-paper ESL, and Full graphic e-paper ESL. Among application the commercial sector is expected witness faster growth over the forecast period.
Segment Analysis by Region
The market in North America is expected to account for major revenue share owing to rising automation approach among the retailers. In addition, availability of advanced infrastructure in order to support the adoption of advanced solutions is expected to further support the growth of target market in this region.
Asia Pacific is expected to witness faster growth in the near future owing to stringent government regulation related to product pricing. In addition, rising approach towards automation in retail sector and high spending by the government for development of infrastructure is expected to further support the growth of regional market.
Competitive Landscape
The market is highly competitive due to presence of large number of players. In addition, new product launches and high investment for R&D activities is expected to further increase the competition in the market.
Report coverage
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Market
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Global Electronic Shelf Label Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Product, Technology, Application and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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The market research study on “Electronic Shelf Label Market (Product Type: LCD ESL, Segmented e-paper ESL, and Full graphic e-paper ESL; Technology: RF, IR, NFC, and Others; Application: Industrial and Commercial) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global electronic shelf label market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global electronic shelf label market segment by product, technology, application and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global electronic shelf label market size and segment markets by product, technology, application and geography along with the information on companies operating in the market. The electronic shelf label market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Advantech Inc., Altierre Corporation, Displaydata Limited, E Ink Holdings Inc., Teraoka Seiko Co., Ltd., Hanshow Technology Co., Ltd, LG Innotek, Diebold Nixdorf Incorporated, M2COMM, Opticon Sensors Europe B.V., New Zealand Electronic Shelf Labelling Ltd., and Herbert Retail Limited.
Market Segmentation
Market By Product Type
- LCD ESL
- Segmented e-paper ESL
- Full graphic e-paper ESL
Market By Technology
Market By Application
Industrial
Commercial
- Hypermarket
- Supermarket
- Non-food retail
- Others
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Electronic Shelf Label
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Electronic Shelf Label Market By Product Type
1.2.2.1. Global Electronic Shelf Label Market Revenue and Growth Rate Comparison By Product Type (2016-2027)
1.2.2.2. Global Electronic Shelf Label Market Revenue Share By Product Type in 2019
1.2.2.2.1. LCD ESL
1.2.2.2.2. Segmented e-paper ESL
1.2.2.2.3. Full graphic e-paper ESL
1.2.3. Electronic Shelf Label Market By Technology
1.2.3.1. Global Electronic Shelf Label Market Revenue and Growth Rate Comparison By Technology (2016-2027)
1.2.3.1.1. RF
1.2.3.1.2. IR
1.2.3.1.3. NFC
1.2.3.1.4. Others
1.2.4. Electronic Shelf Label Market By Application
1.2.4.1. Global Electronic Shelf Label Market Revenue and Growth Rate Comparison By Application (2016-2027)
1.2.4.2. Industrial
1.2.4.3. Commercial
1.2.4.3.1. Hypermarket
1.2.4.3.2. Supermarket
1.2.4.3.3. Non-food retail
1.2.4.3.4. Others
1.2.5. Electronic Shelf Label Market By Geography
1.2.5.1. Global Electronic Shelf Label Market Revenue and Growth Rate Comparison By Geography (2016-2027)
1.2.5.2. North America Electronic Shelf Label Market Revenue and Growth Rate(2016-2027)
1.2.5.3. Europe Electronic Shelf Label Market Revenue and Growth Rate(2016-2027)
1.2.5.4. Asia-Pacific Electronic Shelf Label Market Revenue and Growth Rate(2016-2027)
1.2.5.5. Latin America Electronic Shelf Label Market Revenue and Growth Rate(2016-2027)
1.2.5.6. Middle East and Africa (MEA)Electronic Shelf Label Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Electronic Shelf Label Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Electronic Shelf Label Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Electronic Shelf Label Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Electronic Shelf Label Major Manufacturers in 2019
CHAPTER 4. ELECTRONIC SHELF LABEL MARKET BY PRODUCT TYPE
4.1. Global Electronic Shelf Label Revenue By Product Type
4.2. LCD ESL
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Segmented e-paper ESL
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Full graphic e-paper ESL
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. ELECTRONIC SHELF LABEL MARKET BY TECHNOLOGY
5.1. Global Electronic Shelf Label Revenue By Technology
5.2. RF
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. IR
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. NFC
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.5. Others
5.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. ELECTRONIC SHELF LABEL MARKET BY APPLICATION
6.1. Global Electronic Shelf Label Revenue By Application
6.2. Industrial
6.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3. Commercial
6.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
6.3.3. Hypermarket
6.3.4. Supermarket
6.3.5. Non-food retail
6.3.6. Others
CHAPTER 7. NORTH AMERICA ELECTRONIC SHELF LABEL MARKET BY COUNTRY
7.1. North America Electronic Shelf Label Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. North America Electronic Shelf Label Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. U.S.
7.3.1. U.S. Electronic Shelf Label Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 8. EUROPE ELECTRONIC SHELF LABEL MARKET BY COUNTRY
8.1. Europe Electronic Shelf Label Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Europe Electronic Shelf Label Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 9. ASIA-PACIFIC ELECTRONIC SHELF LABEL MARKET BY COUNTRY
9.1. Asia-Pacific Electronic Shelf Label Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Asia-Pacific Electronic Shelf Label Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.8.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 10. LATIN AMERICA ELECTRONIC SHELF LABEL MARKET BY COUNTRY
10.1. Latin America Electronic Shelf Label Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Latin America Electronic Shelf Label Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA ELECTRONIC SHELF LABEL MARKET BY COUNTRY
11.1. Middle East & AFRICA Electronic Shelf Label Market Revenue and Growth Rate, 2016 - 2027 ($Million)
11.2. Middle East & AFRICA Electronic Shelf Label Market Revenue Share Comparison, 2016 & 2027 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Technology, 2016 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2016 - 2027 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Advantech Inc.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Altierre Corporation
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Displaydata Limited
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. E Ink Holdings Inc.
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Teraoka Seiko Co., Ltd.
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Hanshow Technology Co., Ltd
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. LG Innotek
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Diebold Nixdorf Incorporated
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. M2COMM
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
![Electronic Shelf Label Market (By Product Type: LCD ESL, Segmented e-paper ESL, Full graphic e-paper ESL; By Technology: RF, IR, NFC, Others; By Application: Industrial, Commercial [Hypermarket, Supermarket, Non-food retail, Others]) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027](assets/images/format-png.png "Electronic Shelf Label Market (By Product Type: LCD ESL, Segmented e-paper ESL, Full graphic e-paper ESL; By Technology: RF, IR, NFC, Others; By Application: Industrial, Commercial [Hypermarket, Supermarket, Non-food retail, Others]) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027")
