Electronic shelf label market predominantly caters to the retail store businesses to provide electronic product displays instead of paper tags and labels. Electronic shelf labels are featured with relatively high durability, long life cycles, replaceable batteries, and can be updated from time to time with minimum efforts. These ESL system architecture in a store comprises of displays, bi-directional communication systems, central control system, and software to support store-wide management and implementation of the ESL environment. Products are additionally featured with real-time product positioning systems, flash lights to promote high discount products and different forms of wireless communication systems (Bluetooth, infrared, ZigBee, NFC, and Wi-Fi, among few others) based on the requirements.
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Major factor contributing the business dynamics of the electronic shelf label market are the precise product pricing norms existing across economies for the protection of consumer rights and requirement to reduce additional time and cost investments in the conventional paper labeling methods. Moreover, these products are featured with high visibility range and better product promotional ability that enhances the product up-lift probability, merchandising capability, and in-store product pricing strategy to improve its sales. High initial costs of the overall installation and the low skilled workforce availability are the major factors that will continue to hamper the industry growth.
Europe is expected to dominate the overall electronic shelf label market share owing to the large adoption rates
SES Imagotag and Pricer AB that held the significant industry share are based in Europe. Moreover, relatively high penetration in the regional retail business that specifically include France, Italy, Belgium, Germany and other countries in Central Europe, are expected to garner the industry with around 12.8% CAGR over the forecast period. As a matter of fact, SES-imagotag registered annual sales of around US$ 80 million in 2016, in France alone, according to their annual financials. In terms, of market size, Europe will be followed by North America, and Asia Pacific, acquiring second largest and third largest electronic shelf label market share respectively. U.S., Canada, Japan, Australia, China are among the major countries that are expected to present potential growth demand over the next few years. According to Coherent Market Insights analysis, Asia Pacific is expected to witness highest growth rates over the forecast period, primarily owing to the large revenue potential and increasing multi-channel retailing operations in the India, China and the ASEAN countries.
This report segments the global electronic shelf label market on the basis of technology type, product type, end user, and geography.. For comprehensive understanding of market dynamics, the global electronic shelf label market is analyzed across key geographical regions, which are analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
• Global Electronic Shelf Labels Market, By Technology Type:
• Global Electronic Shelf Labels Market, By Product Type:
◦ Full graphic e-paper ESL
◦ Segmented e-paper ESL
• Global Electronic Shelf Labels Market, By End Use:
◦ Supermarket and hypermarket
◦ Convenience stores and departmental stores
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