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.
According to the forecast, electronic shelf label (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.
Europe dominated the ESL market, in terms of size, in 2016; however, the market in APAC is expected to grow at the highest CAGR during the forecast period. The ESL market in APAC is subsegmented into China, Japan, South Korea, and Rest of APAC. In addition, APAC is not a lucrative market for ESLs currently; only the prominent countries such as China, Japan, Australia, Singapore, and South Korea have a significant market potential. The economy modernization programs conducted in various APAC countries are creating the growth opportunities for the ESL market players. In addition to this, the expansion of large-scale retailers in this region is also responsible for the expected high growth rate of the market in this region.
Low labor cost in economically developing countries may appear as a challenge for manufacturers in ESL market. The major vendors in ESL market are Pricer, SES-imagotag, Samsung Electro-Mechanics, E Ink Holdings, Displaydata, M2Communication, Diebold Nixdorf, Opticon Sensors Europe, Teraoka Seiko, and NZ Electronic Shelf Labelling. These players adopted various strategies such as product launches and developments, contracts, acquisitions, partnerships, and business expansions to cater to the needs of the market.
- Trending Retail Automation
- More Cost-Efficient and Less Time-Consuming Alternative to Paper Labels
- Increased Operational Efficiency With Real-Time Product Positioning
- High Expenses of Installation and Supporting Infrastructure
- Transformation of the Retail Industry From Manual to Automated Operations
- Promising Growth in Emerging Economies Due to Growing Retail Automation
- Low Labor Cost in Economically Developing Countries
Key Topics Covered
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.
- Diebold Nixdorf
- E Ink Holdings
- Forbix Semicon
- Lancom Systems
- NZ Electronic Shelf Labelling
- Opticon Sensors Europe
- Samsung Electro-Mechanics
- Teraoka Seiko
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