About Electronic Shelf Label (ESL)
Electronic Shelf Label is an electronic device which can be used to display prices, quantity and other related information of the product in the respect shelf. There are three major types of electronic shelf labels which are LCD, segmented E-Paper and Full Graphic E-Paper. These devices are equipped with a variety of communication technology. Few versions use Radiofrequency, while the others are adopting IR or NFC and other such technologies. The emergence of IoT will set to drive the acceleration of Electronic Shelf Label Market. Currently the key hindrance to the growth of ESL is the expensive price of ESL compared to regular paper based shelf labels. Rising Adoption of Digital Solutions has also led to increasing using of ESL. Geographically, Europe is expected to be major market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The ESL market is a competitive space with various players offering diverse solutions. Choosing the right provider depends on specific needs, budget, and regional considerations. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pricer (Sweden), SES-imagotag (France), Displaydata (United Kingdom), SoluM (South Korea), NZ Electronic Shelf Labelling (New Zealand), E Ink Holdings (Taiwan), M2Communication (Taiwan) and Opticon Sensors Europe (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Teraoka Seiko (Japan), Altierre Corp. (United States), Clearink Display (United States), Diebold Nixdorf (United States) and Panasonic Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Electronic Shelf Label (ESL) market by Type (LCD, Segmented E-Paper and Full-Graphic E-Paper) and Region.
On the basis of geography, the market of Electronic Shelf Label (ESL) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Electronic Shelf Label (ESL) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Largest End Users of Electronic Shelf Label are Hyper Markets
Market Growth Drivers:
Rising Adoption of Digital Solutions and Emergence of IoT and Faster Connectivity Technology in Retail
Challenges:
Regular Maintenance and Integration of Electronic Shelf Labels with Existing IT Infrastructure of the Store
Restraints:
Expensive compared to Regular Paper based Shelf Labels
Opportunities:
RF and NFCs Present Huge Opportunities to Grow
Market Leaders and their expansionary development strategies
In June 2023, ESL tech company E Ink partners with Amazon AWS This collaboration aimed to simplify cloud-based ESL solutions for businesses.
In September 2023, Pricer Launches Next-Gen CENTUVISION ESLs Centuvision introduces improved functionality and reduced reliance on servers, utilizing Bluetooth, Wi-Fi, and cloud technology.
Key Target Audience
Electronic Shelf Label Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.