DUBLIN--(BUSINESS WIRE)--The "Electronic Shelf Label Market by Product Type (LCD, Segmented E-Paper, Full-Graphic E-Paper), Communication Technology (RF, IR, NFC), Store Type (Hypermarkets, Supermarkets, Others), Component, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The ESL market is expected to be worth USD 392.3 million in 2017 and USD 1,424.8 million by 2023, at a CAGR of 23.98% between 2017 and 2023.
The growth of the overall market can be attributed to driving factors such as increasing operational efficiency with real-time product positioning, more cost-efficient and less time-consuming alternative to paper labels, and trending retail automation. However, high expenses of installation and supporting infrastructure restrain the growth of the ESL market.
The highest CAGR of the market for displays is attributed to the inclusion of various liquid crystal displays (LCDs) and full-graphic e-paper displays. The rapid adoption of full graphics and LCD ESLs is also propelling the demand for the display components among the end users. Information on LCDs are clearly visible, and even in narrow shelves, ESLs with small LCD screens are being installed for better visibility of products. A full-graphic e-paper ESL displays the price, QR code, barcode, and other messages on a single screen. These advantages of displays are accelerating the adoption of ESLs in the market.
The largest market size and highest CAGR for full-graphic e-paper ESL are attributed to the growing demand for price automation from Tier I and Tier II retailers that rely on these ESLs to a large extent, as these ESLs support the graphic content and information. In addition, full graphical e-paper ESLs are a key to gain customer attention and make the in-store communication dynamic.
The globalization and development of organized retail in APAC are likely to contribute to the highest CAGR of the market in APAC during the forecast period. Additionally, the readiness of retailers (i.e., ESL end users) in APAC to follow the ongoing trends of the retail market also leads to the growth of the ESL market in this region. Moreover, Japan is the major adopter of ESLs in APAC, thus contributing the growth of the overall market in APAC. In Australia, the labor costs are high, and the Australian retailers are spending a great deal of money on price management to maximize the promotional activities for various products.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Electronic Shelf Label Market, By Component
8 Electronic Shelf Label Market, By Product Type
9 Electronic Shelf Label Market, By Store Type
10 Electronic Shelf Label Market, By Communication Technology
11 Electronic Shelf Label Market, By Region
12 Competitive Landscape
13 Company Profiles
- Advantech U.S.
- Altierre
- Diebold Nixdorf
- Displaydata
- E Ink Holdings
- Forbix Semicon
- Lancom Systems
- M2communication
- NZ Electronic Shelf Labelling
- Opticon Sensors Europe
- Pricer
- Samsung Electro-Mechanics
- Ses-Imagotag
- Solum
- Teraoka Seiko
For more information about this report visit https://www.researchandmarkets.com/research/cj7h7z/global_electronic?w=4
