Global Electronic Shelf Label Market 2018-2023 - Promising Growth in Emerging Economies Due to Growing Retail Automation - ResearchAndMarkets.com

DUBLIN--()--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.

Market Dynamics

Drivers

  • Trending Retail Automation
  • More Cost-Efficient and Less Time-Consuming Alternative to Paper Labels
  • Increased Operational Efficiency With Real-Time Product Positioning

Restraints

  • High Expenses of Installation and Supporting Infrastructure

Opportunities

  • Transformation of the Retail Industry From Manual to Automated Operations
  • Promising Growth in Emerging Economies Due to Growing Retail Automation

Challenges

  • Low Labor Cost in Economically Developing Countries

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/k9b27m/global_electronic?w=4

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Related Topics: Retail

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Retail