Electronic Shelf Label Market Anticipating the Epic Growth of Market Size in the Years Ahead
Author : kumar shrey | Published On : 19 Dec 2023
Astute Analytica recently released a new research report that delves into the global Electronic Shelf Label market. With the ever-changing landscape of customer needs and technological advancements, industry participants must understand the dynamics of this market.
The global electronic shelf label market is projected to experience substantial growth over the next decade, with revenue expected to increase from US$ 1.13 billion in 2022 to US$ 6.51 billion by 2031, representing a remarkable CAGR of 23.8% during the forecast period of 2023–2031. This market growth is primarily driven by the increasing adoption of automation technologies in retail stores, as well as the growing demand for electronic shelf labels in developed and developing regions.
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Market Overview
The report begins by providing a comprehensive overview of the Electronic Shelf Label market, including its definition, classification, and extensive scope. It aims to facilitate a deep understanding of the market by explaining important industry terms and concepts.
Apart from this, the report explores the factors driving the growth of the Electronic Shelf Label industry in detail. It highlights the complex nature of the market and examines various elements that contribute to its expansion.
About the Electronic Shelf Label Market
In addition, the market is also anticipated to witness a significant increase in volume, with a projected CAGR of 16.0% during the same forecast period. This is largely attributed to the rising trend of digitalization in the retail industry, which has led to an increased demand for innovative and efficient labeling systems that can provide real-time pricing and inventory information to customers.
Electronic shelf labels are an increasingly popular choice among retailers for displaying product information in their stores due to their cost-effectiveness and time-saving benefits. These labels are typically manufactured using a range of materials, including LED screens, batteries, security devices, control systems, and sensors, as well as wire, connectors, switches, and other components.
The LED screens are the most crucial component of electronic shelf labels as they display the product information in a clear and readable format. The batteries are responsible for powering the labels, and the security devices protect the labels from theft or tampering. The control systems and sensors enable the labels to communicate with the store’s inventory management systems and update pricing and product information in real-time.
Unleashing Fierce Ingenuity to Navigate the Competitive Landscape
With meticulous precision, it dissects the strategies, maneuvers, and calculated moves of the industry’s major players, shedding light on their profound impact on the sector’s landscape. By delving into the dynamic dynamics of this cutthroat market and unraveling the cunning tactics employed by these corporate behemoths, stakeholders are bestowed with invaluable insights that can shape their own strategic battles.
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List of Prominent Players Profiled
- SES-imagotag (France)
- Pricer AB (Sweden)
- E Ink Holdings (Taiwan)
- Displaydata (UK)
- M2Communication (Taiwan)
- Samsung Display Solutions (South Korea)
- Diebold Nixdorf (US)
- Opticon Sensors Europe (Netherlands)
- Teraoka Seiko (Japan)
- NZ Electronic Shelf Labelling (New Zealand)
- Panasonic Corporation
- NCR Corporation
- M2Communication
- Diebold Nixdorf
- Other Prominent Players
Unveiling the Dominated Realm — A Geographical Expedition
The report offers a comprehensive regional analysis of the XXX market. It recognizes that regional differences significantly influence market dynamics and emphasizes the importance of understanding nuances in each region. The report explores the performance of the market in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, providing stakeholders with valuable insights.
Decoding the Segmentation Analysis
The report promises to provide a comprehensive view of different market segments. It acknowledges that the market is not a single entity but a combination of multiple sectors. The report offers information on the sizes, potential growth paths, and major trends within these segments. This enables stakeholders to develop specific strategies and make efficient use of resources.
Following are the different segments of the Global Electronic Shelf Label Market:
By Component:
- Hardware
- Communication Station
- Terminal Display (Label)
- RF Module
- Label Management Software
- Services
- Consulting & Training
- Installation & Support
By Display Type:
- LCD
- E-Paper
- Full Graphic E-Paper
By Communication:
- RF
- IR
- NFC
By Power:
- Battery Powered
- Wireless Charge
- Others
By Color:
- Monochrome
- Multi-color
By Display Size:
- 1.5–3 Inches
- 3–6 Inches
- 6–12 Inches
- More than 12 Inches
By Store Type:
- Grocery / General Retail
- Fashion & Apparel
- Pharma Stores
- Electronics
- Hotels & Restaurants
- Fuel Stations
- Others (DIY, Automotive Dealerships)
By Retail Format:
- Hypermarket
- Supermarket
- Specialty Store
- Other Retail Stores
By Region:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of Latin America
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Conclusion
In summary, Astute Analytica’s research report provides a detailed analysis of the global Electronic Shelf Label market. It equips industry participants with valuable insights into market dynamics, competitive strategies, regional variations, and segmentation trends. This information empowers stakeholders to make informed decisions and adapt to the evolving landscape of the keyword market.
About Astute Analytica:
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