Global Electronic Shelf Label Market Surges to US$ 6.51 Billion by 2031
Author : Neeraj Kumar | Published On : 26 Apr 2024
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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List of Key Companies 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
Market Overview
This report offers a meticulously researched evaluation of the market, emphasizing the strategic insights that enterprises need to navigate the competitive environment effectively. The study includes a detailed market valuation that quantifies the market's worth, helping stakeholders understand the financial dimensions and potential growth opportunities.
Market Dynamics
The global Electronic Shelf Label Market report identifies several key drivers that are propelling market growth, which include technological advancements, shifts in consumer preferences, and regulatory changes across various industries. It also highlights emerging trends that are shaping the industry, providing businesses with the knowledge to stay ahead of the curve.
Regional Insights
The global Electronic Shelf Label Market report provides in-depth insights into various regional markets, presenting a granular analysis of local trends, economic shifts, and cultural influences that affect market dynamics. This regional analysis ensures that businesses can tailor their strategies to fit different geographic locales, maximizing their market reach and efficacy.
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Segmentation Outlook?
The global Electronic Shelf Label Market report segmentation insights break down the market into manageable segments based on type, application, and geography, allowing businesses to focus their efforts on the most relevant and profitable areas.
Segmentation Overview
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
- Western 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
This latest report reflects the commitment to provide the deepest insights and most actionable intelligence available. The global Electronic Shelf Label Market report empowers businesses with the knowledge they need to make informed decisions and drive sustainable growth. In addition, the report is designed for a wide array of stakeholders, including business executives, investors, policymakers, and academic researchers, who will find the data and insights provided to be of exceptional value.
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