The latest report on Electronic Shelf Label Market by Infinium Global Research gives complete coverage of the Electronic Shelf Label Market by type (LCD, segmented, and full-graphic e-paper ESL), component (batteries, transceivers, microprocessors), communication technology (radio frequency, near field communication), store type (hypermarkets, non-food retail stores) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Electronic Shelf Label such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
Infinium Report evaluates the impact of COVID-19 on Electronic Shelf Label Market over the period of 2020-25
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The Increasing Demand for Cost-Efficient and Less Time-Consuming Alternative to Paper Labels Propels the Growth of the Electronic Shelf Label Industry
Electronic shelf label is used by retailers that display product pricing on shelves. The product pricing is updated from a central control server whenever the rice gets changed. The server uses a wireless communication network to communicate with the electronic shelf label. The ESL is attached to the front edge of a retail shelf. The product pricing and offers related to the product are automatically updated and displayed.
The factors such as high accuracy, minimized labor cost, and reduced risk of human error drive the growth of the electronic shelf label market. The growing adoption of Near Field Communication (NFC) technology in multiple devices such as smartphones and POS systems will augment the expansion of the market. Further, trending automation in the retail industry stimulates the growth of the market.
The increasing demand for cost-efficient and less time-consuming alternative to paper labels propels the growth of the electronic shelf label market. The use of electronic shelf labels promotes operational efficiency with real-time product positioning. Additionally, the electronic shelf label enables flexibility to make immediate price changes. This system has an E-link display or LCD that shows UPC and the price of the product.
In addition, the development of retail digitalization boosts the advancement in the electronic shelf label market. The increasing adoption of electronic shelf label by the retail stores such as supermarkets, hypermarkets, and retail outlets fuel the growth of the market. On the flip side, high cost for installation hinders the growth of the electronic shelf label market. Moreover, technological development creates several opportunities in the global electronic shelf label market.
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The Presence of Retail Giants and the Easy Availability of Processing Machinery in the Asia-Pacific Region Stimulate the Growth of the Electronic Shelf Label Industry
Geographically, the global electronic shelf label market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Europe is expected to have a dominant share in the global electronic shelf label market. The early adoption of electronic shelf labels in Europe led to the growth of the electronic shelf label market in the region. Asia-Pacific region is anticipated to grow in the global electronic shelf label market with a healthy CAGR over the forecast period.
The presence of retail giants and the easy availability of processing machinery in the Asia-Pacific region stimulate the growth of the electronic shelf label market in the Asia-Pacific region. Additionally, the growth of full graphic e-paper display in Asia-Pacific propels the market growth in the region. North America has lucrative growth opportunities in the global electronic shelf label market. The presence of a large number of retail stores and favorable government initiatives in North America drive the growth of the market in the region.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Electronic Shelf Label.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.