Electronic Shelf Label Market 2017 - Global Forecast to 2023: Transformation of the Retail Industry From Manual to Automated Operations Present $1.42 Bn Opportunities

Dublin, Jan. 15, 2018 -- 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.

The 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. The major drivers for the market include trending retail automation, more cost-efficient and less time-consuming alternative to paper labels, and increased operational efficiency with real-time product positioning.

The report covers the ESL market on the basis of component, product type, communication technology, store type, and geography. The displays component held the largest share of the ESL market in 2016. LCDs and e-paper displays are being used in ESLs. The manufacturers of ESL, such as Displaydata (UK), are integrating the latest electrophoretic display (EPD) technology in labels.

On the basis of product type, full-graphic e-paper ESL held the largest share of the market in 2016, and the market for full-graphic e-paper ESL is expected to grow at the highest CAGR during the forecast period. Full-graphic e-paper ESLs use e-papers as their display component; these are the advanced version of segmented e-paper displays. The major benefit of these labels is the energy-efficiency and its ability to project graphical objects, such as logos and callouts, facilitating real-time product positioning.

The ESL market based on store type was dominated by hypermarkets owing to the complications associated with the manual management of such big stores, leading to the high rate of adoption of these labels. Using ESLs allows hypermarkets to update the prices and other product-related information in much less time. The major benefits of using ESLs in these stores are digital price tagging and superior product management. These uniform electronic labels contribute to the organized and high-quality pharmacies and electronic stores

Electronic Shelf Labels Market

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 (Sweden), SES-imagotag (France), Samsung Electro-Mechanics (South Korea), E Ink Holdings (Taiwan), Displaydata (UK), M2Communication (Taiwan), Diebold Nixdorf (Germany), Opticon Sensors Europe (Netherlands), Teraoka Seiko (Japan), and NZ Electronic Shelf Labelling (New Zealand). 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/qvfmnp/electronic_shelf?w=12

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