SEMICONDUCTOR & ELECTRONICS
Global Electronic Shelf Label Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Electronic Shelf Label Market, By Component (Displays, Batteries, Transceivers, Microprocessors, and Others), Product Type (LCDs, Segmented E-paper Displays, and Fully Graphic E-paper Displays), Communication Technology (Radio Frequency, Infrared, Near-field Communication, and Others), Display Size (Less than 3 Inches, 3 to 7 Inches, 7 to 10 Inches, and More than 10 Inches), Store Type (Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores, and Others), Application (Retail and Industrial), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global electronic shelf label market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Electronic Shelf Labels (ESL) are digital display systems that are used in retail businesses to replace traditional paper price tags on store shelves. These labels make use of electronic paper (e-paper) or comparable technology to create a digital display that can be remotely updated. ESL systems are often linked to a central management system, allowing retailers to dynamically change product information, prices, and promotions across all labels throughout the shop in real-time.
Overall, Electronic Shelf Labels help to make retail pricing and information management systems more efficient and flexible.
Market Dynamics
DRIVERS
- Technological advancements
- Growing trend of retail automation
RESTRAINTS
- High installation cost
- Complex infrastructure design
OPPORTUNITIES
- Growth of retail sector
- Enhanced customer experience
CHALLENGES
- Low labour costs in emerging economies
- Compatibility challenges
SEGMENTATION
MARKET SEGMENTATION
- Component
- Displays
- Batteries
- Transceivers
- Microprocessors
- Others
- Product Type
- LCDs
- Segmented E-paper Displays
- Fully Graphic E-paper Displays
- Communication Technology
- Radio Frequency
- Infrared
- Near-field Communication
- Others
- Display Size
- Less than 3 Inches
- 3 to 7 Inches
- 7 to 10 Inches
- More than 10 Inches
- Store Type
- Hypermarkets
- Supermarkets
- Non-Food Retail Stores
- Specialty Stores
- Others
- Application
- Retail
- Industrial
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- SES-imagotag
- E Ink Holdings Inc.
- Diebold Nixdorf, Incorporated
- CLEARink Displays, Inc.
- NCR Corporation
- SoluM Co., Ltd.
- Displaydata Limited.
- Pricer AB
- Samsung Electro-Mechanics Co Ltd
- Panasonic Corporation
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Electronic Shelf Label Market, by Component
- 3.2 Global Electronic Shelf Label Market, by Product Type
- 3.3 Global Electronic Shelf Label Market, by Communication Technology
- 3.4 Global Electronic Shelf Label Market, by Display Size
- 3.5 Global Electronic Shelf Label Market, by Store Type
- 3.6 Global Electronic Shelf Label Market, by Application
- 3.7 Global Electronic Shelf Label Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Trend 1
- 5.1.2 Trend 2
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Technological Advancements
- 5.2.2 Growing trend of retail automation
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High installation cost
- 5.3.2 Complex infrastructure design
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growth of retail sector
- 5.4.2 Enhanced customer experience
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Low labour costs in emerging economies
- 5.5.2 Compatibility Challenges
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL ELECTRONIC SHELF LABEL MARKET, BY COMPONENT
- 6.1 Component Summary
- 6.2 Market Attractive Index
- 6.3 Global Electronic Shelf Label Market, by Component (2019-2032)
- SECTION 7 - GLOBAL ELECTRONIC SHELF LABEL MARKET, BY PRODUCT TYPE
- 7.1 Product Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Electronic Shelf Label Market, by Product Type (2019-2032)
- SECTION 8 - GLOBAL ELECTRONIC SHELF LABEL MARKET, BY COMMUNICATION TECHNOLOGY
- 8.1 Communication Technology Summary
- 8.2 Market Attractive Index
- 8.3 Global Electronic Shelf Label Market, by Communication Technology (2019-2032)
- SECTION 9 - GLOBAL ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE
- 9.1 Display Size Summary
- 9.2 Market Attractive Index
- 9.3 Global Electronic Shelf Label Market, by Display Size (2019-2032)
- SECTION 10 - GLOBAL ELECTRONIC SHELF LABEL MARKET, BY STORE TYPE
- 10.1 Store Type Summary
- 10.2 Market Attractive Index
- 10.3 Global Electronic Shelf Label Market, by Store Type (2019-2032)
- SECTION 11 - GLOBAL ELECTRONIC SHELF LABEL MARKET, BY APPLICATION
- 11.1 Application Summary
- 11.2 Market Attractive Index
- 11.3 Global Electronic Shelf Label Market, by Application (2019-2032)
- SECTION 12 - GLOBAL ELECTRONIC SHELF LABEL MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Electronic Shelf Label Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA ELECTRONIC SHELF LABEL MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Electronic Shelf Label Market, by Component (2019-2032)
- 13.4 North America Electronic Shelf Label Market, by Product Type (2019-2032)
- 13.5 North America Electronic Shelf Label Market, by Communication Technology (2019-2032)
- 13.6 North America Electronic Shelf Label Market, by Display Size (2019-2032)
- 13.7 North America Electronic Shelf Label Market, by Store Type (2019-2032)
- 13.8 North America Electronic Shelf Label Market, by Application (2019-2032)
- 13.9 North America Electronic Shelf Label Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE ELECTRONIC SHELF LABEL MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Electronic Shelf Label Market, by Component (2019-2032)
- 14.4 Europe Electronic Shelf Label Market, by Product Type (2019-2032)
- 14.5 Europe Electronic Shelf Label Market, by Communication Technology (2019-2032)
- 14.6 Europe Electronic Shelf Label Market, by Display Size (2019-2032)
- 14.7 Europe Electronic Shelf Label Market, by Store Type (2019-2032)
- 14.8 Europe Electronic Shelf Label Market, by Application (2019-2032)
- 14.9 Europe Electronic Shelf Label Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC ELECTRONIC SHELF LABEL MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Electronic Shelf Label Market, by Component (2019-2032)
- 15.4 Asia-Pacific Electronic Shelf Label Market, by Product Type (2019-2032)
- 15.5 Asia-Pacific Electronic Shelf Label Market, by Communication Technology (2019-2032)
- 15.6 Asia-Pacific Electronic Shelf Label Market, by Display Size (2019-2032)
- 15.7 Asia-Pacific Electronic Shelf Label Market, by Store Type (2019-2032)
- 15.8 Asia-Pacific Electronic Shelf Label Market, by Application (2019-2032)
- 15.9 Asia-Pacific Electronic Shelf Label Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA ELECTRONIC SHELF LABEL MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Electronic Shelf Label Market, by Component (2019-2032)
- 16.4 South America Electronic Shelf Label Market, by Product Type (2019-2032)
- 16.5 South America Electronic Shelf Label Market, by Communication Technology (2019-2032)
- 16.6 South America Electronic Shelf Label Market, by Display Size (2019-2032)
- 16.7 South America Electronic Shelf Label Market, by Store Type (2019-2032)
- 16.8 South America Electronic Shelf Label Market, by Application (2019-2032)
- 16.9 South America Electronic Shelf Label Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA ELECTRONIC SHELF LABEL MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Electronic Shelf Label Market, by Component (2019-2032)
- 17.4 Middle East and Africa Electronic Shelf Label Market, by Product Type (2019-2032)
- 17.5 Middle East and Africa Electronic Shelf Label Market, by Communication Technology (2019-2032)
- 17.6 Middle East and Africa Electronic Shelf Label Market, by Display Size (2019-2032)
- 17.7 Middle East and Africa Electronic Shelf Label Market, by Store Type (2019-2032)
- 17.8 Middle East and Africa Electronic Shelf Label Market, by Application (2019-2032)
- 17.9 Middle East and Africa Electronic Shelf Label Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Electronic Shelf Label Market, Company Share Analysis
- 18.2 North America Electronic Shelf Label Market, Company Share Analysis
- 18.3 Europe Electronic Shelf Label Market, Company Share Analysis
- 18.4 Asia-Pacific Electronic Shelf Label Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 SES-imagotag
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 E Ink Holdings Inc.
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 Diebold Nixdorf, Incorporated
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 CLEARink Displays, Inc.
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 NCR Corporation
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 SoluM Co., Ltd.
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Displaydata Limited.
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Pricer AB
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 Samsung Electro-Mechanics Co Ltd
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Panasonic Corporation
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.