What is 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.
The market study is broken down by Type (LCD, Segmented E-Paper and Full-Graphic E-Paper) and major geographies with country level break-up.
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), Opticon Sensors Europe (Netherlands), Diebold Nixdorf (United States) and Panasonic Corporation (Japan) 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) and Clearink Display (United States).
AdvanceMarketAnalytics has segmented the market of Global Electronic Shelf Label (ESL) market by Type, Application 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.
Market Leaders and their expansionary development strategies
In 2019, Panasonic Corporation, a Japanese Multinational Electric and Technology giant has announced launch of its first Electronic Shelf Labelling (ESL) solution. The key feature of the product enables the retailer to change the figures on the label wirelessly. This data is encrypted and is passed on to device through radio frequency.
Adoption of Digital Tech. based solutions is set to drive the demand of ESL in market. This allow efficient retail operations wirelessly as well as contribute to sustainability. SES-imagotag and SoluM are two major players in the market, along with others.
- Largest End Users of Electronic Shelf Label are Hyper Markets
- Rising Adoption of Digital Solutions
- Emergence of IoT and Faster Connectivity Technology in Retail
- RF and NFCs Present Huge Opportunities to Grow
- Expensive compared to Regular Paper based Shelf Labels
- Regular Maintenance and Integration of Electronic Shelf Labels with Existing IT Infrastructure of the Store
Key Target AudienceElectronic 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 ApproachTo 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Pricer (Sweden), SES-imagotag (France), Displaydata (United Kingdom), SoluM (South Korea), NZ Electronic Shelf Labelling (New Zealand), E Ink Holdings (Taiwan), M2Communication (Taiwan), Opticon Sensors Europe (Netherlands), Diebold Nixdorf (United States) and Panasonic Corporation (Japan) etc.
2. What would be the Market Size of Electronic Shelf Label (ESL) Market by 2026?
Analysts at AMA estimates Electronic Shelf Label (ESL) Market to reach USDXXX by 2026.
3. Can we have customized study for Electronic Shelf Label (ESL) Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.