Digitization of stores and prevalence of retail automation trend to proliferate electronic shelf label (ESL) market

NOIDA, India, September 26, 2022 /PRNewswire/ — According to a new report published by UnivDatos Markets Insights, the The Electronic Label (ESL) Market is expected to grow at a CAGR of over 20% during the period 2021-2027, reaching $2.2 billion by 2027. The analysis was segmented into product type (fully graphic electronic paper, segmented electronic paper, liquid crystal displays); Component (screens, batteries, transceivers, microprocessors, others); Communication (radio frequency, infrared, near field communication, others.); Display Size (Less than 3 inch, 3-7 inch, 7-10 inch, Over 10 inch); Region/Country.

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https://univdatos.com/report/electronic-shelf-label-market/

The Electronic Shelf Label (ESL) Market report has been aggregated by collecting informative data about various dynamics such as market drivers, restraints, and opportunities. This innovative report uses several analyzes to get a clearer view of the Electronic Shelf Labels (ESL) market. The Electronic Shelf Label (ESL) Market report offers a detailed analysis of the latest industry developments and market trending factors influencing market growth. Additionally, this statistical market research repository examines and estimates the Electronic Label (ESL) market at the global as well as regional level.

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Market overview

An electronic shelf label (ESL) system is used by retailers to display product prices on shelves. The product price is automatically updated whenever a price is changed under the control of a central server. The growth of the grocery, hardware, sports equipment, furniture, consumer appliances and electronic gadgets market leads to the growth of the electronic shelf labels market

Rising demand for retail automation products across the globe is one of the major drivers for the growth of the retail automation market. Increasing adoption of retail automation due to the many benefits it offers such as low cost, accuracy, speed, and high quality performance, as well as implementation high level of automated technologies in the retail sector, is accelerating the growth of the market. The increase in the use of automation to automate various manual processes such as inventory management, bookkeeping and accounting in the retail sector, as well as the increase in demand for quality and service fast influence the market more. Additionally, increasing digitalization, expansion of the end-use industry, concerns about security risks, such as theft and loss of inventory, and the emergence of Industry 4.0 are positively affecting the retail automation market. Furthermore, increasing adoption of cloud-based POS systems provides profitable opportunities for market players during the forecast period of 2021 to 2028.

Click here to view the report description and table of contents

https://univdatos.com/report/electronic-shelf-label-market/

The report on the global Electronic Shelf Label (ESL) market is extensively studied with several aspects which would help the stakeholders to make their decisions more carefully.

  • Based on communication, the market is categorized into radio frequency, infrared, near field communication and others. Despite the growth of the wireless radio frequency system, infrared communication has long dominated electronic tag applications that require speed, durability, reliability, and advanced functionality. RF technology uses radio waves to transmit the audio signal, while IR technology is a type of light that cannot be seen by the naked eye and uses this infrared light to carry the audio signal, allowing the signal to remain in the room.

  • Based on screen size, the market is categorized into under 3 inch, 3-7 inch, 7-10 inch and over 10 inch. . Among these 7-10 inch segments, the highest CAGR is expected to be recorded during the forecast period. The revival of the commercial sector after the COVID pandemic is helping the growth of the market.

Take a look at the chapters – https://univdatos.com/report/electronic-shelf-label-market/

Geographical segmentation of the Electronic Shelf Labels (ESL) market includes:

  • North America (United States, Canadaand Rest of North America)

  • Europe (Germany, UK, Spain, Italy, Franceand the rest of Europe)

  • Asia Pacific (China, Japan, India, Australiaand the rest of Asia Pacific)

  • Rest of the world

For a better understanding of the market adoption of the Electronic Label (ESL) industry, the market is analyzed based on its global presence in countries such as North America (WE, CanadaRest of North America); Europe (GermanyUK, France, Italy, Spainand the rest of Europe); Asia Pacific (China, Japan, India, AustraliaRest of Asia Pacific); and the rest of the world. Europe is expected to witness the highest CAGR during the forecast period as the region is characterized by the presence of numerous service providers, especially in the UK., Franceand Germany. Large market retailers can leverage the benefits of IoT-based ESLs to change product prices across a chain of stores located in different locations quickly and efficiently using a single piece of software. The expanding e-commerce market will further boost the popularity of IoT-based LECs.

Key players targeting the market include

Competitive landscape

The degree of competition between major global companies has been worked out by analyzing several key players operating across the globe. The specialized team of research analysts sheds light on various traits such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by leading companies in the Electronic Shelf Label (ESL) Market. Major players have been analyzed using research methodologies to get an overview of the global competition.

Key questions answered through this analytical market research report include:

  • What are the latest trends, patterns, and technological advancements in the Electronic Shelf Label (ESL) market?

  • What factors are influencing the Electronic Shelf Label (ESL) Market during the forecast period?

  • What are the Global Challenges, Threats, and Risks in the Electronic Shelf Label (ESL) Market?

  • What factors are driving and restraining the Electronic Shelf Label (ESL) market?

  • – Which are the demanding global regions of the Electronic Shelf Label (ESL) Market?

  • What will be the size of the global market in the coming years?

  • What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirements of different businesses, regions and countries, we offer customized reports as per your business nature and geography requirements. Please let us know if you have any custom requirements.

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Electronic Shelf Label (ESL) Market Report cover

Report attributee

Details

Year of reference

2020

Forecast period

2021-2027

Growth dynamics

Accelerate at a CAGR of over 20%

Market size 2027

$2.2 billion

Regional analysis

North America, Europe, APAC, Rest of the World

Major contributing region

Europe to dominate the Electronic Shelf Label (ESL) Market

Main countries covered

United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India and Australia

Profiled companies

SES-imagotag, Pricer, E Ink Holdings, Displaydata, M2Communication, Samsung Display Solutions, Diebold Nixdorf, Opticon Sensors Europe, Teraoka Seiko, NZ Electronic Shelf Labeling LLC, etc.

Report scope

Market trends, drivers and restraints; Revenue estimation and forecasting; segmentation analysis; impact of COVID-19; Analysis of supply and demand; VScompetitive landscape; Company profiling

Segments Covered

By type of product; By Component; By Communications; By display size; By region/country


About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing information through market intelligence reports, custom business research and primary research. Our research studies are spread across topics across the globe, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis and custom reports that help shape winning business strategies for our clients.

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UnivDatos Market Overview
Ankita Gupta
Director of Operations
Phone: +91-7838604911
Email: [email protected]
Website: https://univdatos.com/

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