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Electronic Shelf Label Market - Global Forecast to 2025
- May, 2019
- Domain: Electronics & Semiconductors - Electronics & Semiconductors
Pages:
81
Tables:
58
Charts:
43
Regions/Countries:
4 / 14
Companies:
10
Enquiry Hours:
10
- Get Free 10% Customization in this Report
Electronic Shelf Label Market Overview:
The global electronic shelf label (ESL) market is projected to witness significant growth during the forecast period. In terms of responding better to the increasing competition from the online retail channels, traditional retailers (i.e., brick-and-mortar) are focusing on developing strategies that utilize the cutting-edge technologies (IoT) to close the gap, specifically arising from the difference between store price and online price. Closing the price gap in real time will remain a key factor contributing to the growth of the global electronic shelf label market during the forecast period. Other factors contributing to the growth of the market include increasing focus on real-time price automation in retail stores, optimizing the retail workflow, government regulations on commodity pricing, and rising labor cost. The brick-and-mortar retail segment is witnessing a major shift toward digital technologies to offer superior shopping experience to the customers. The retailers are focusing on expanding their IT capabilities that offer seemingly enhanced shopping experience for customers right from the product identification to the contactless payment.
Additionally, the companies operating in the retail sector, particularly in developed economies, are mandated to meet certain guidelines and standards to eliminate the misleading product price and other information of the product, which is further accelerating the demand for electronic shelf labels.
Electronic shelf label (ESL) is a technology solution predominantly used in retail settings to display and modify the price of items in the store with limited human intervention. The electronic shelf label system makes use of the IoT technology, which automatically reflects the information/data when there are any changes made in the central server.
Market Revenue and Segmentation Analysis
The global electronic shelf label (ESL) market is anticipated to grow at a CAGR of 20.9% during the forecast period 2019–2025.
The global electronic shelf label market is segmented based on product type, component, end-user type, and region & country. In terms of the product type, the market is segmented into LCD electronic shelf label and e-paper electronic shelf label. The e-paper electronic shelf label was the dominant segment in 2018 and is projected to remain dominant during the forecast period; anticipated to register a CAGR of 22.2% during the forecast period 2019–2025. By component, the global electronic shelf label market is segmented into software and services. The services segment includes professional service, software, and maintenance. In terms of end-users, the market is segmented into hypermarket/supermarket, departmental/convenience stores, and others.
Regional Analysis
In 2018, Europe was the dominant region in the global electronic shelf label market followed by the Americas. Asia Pacific is identified as the fastest growing region in the electronic shelf label market, i.e., CAGR of 29.0% during the forecast period 2019–2025. This is mainly due to rapid urbanization and expanding retail sector along with the increasing adoption of digital technologies, such as IoT, by vendors operating in the brick-and-mortar retail segment.
The report also covers the country-wise analysis of the ESL market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).
Benefits and Vendors
The report contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include SES-imagotag, Pricer AB, LG INNOTEK, Displaydata Limited, Teraoka Seiko Co. Ltd. (DIGI), SoluM, Hanshow, Altierre, Opticon, and SUNPAI INDUSTRIES LIMITED.
The study offers a comprehensive analysis of the “global electronic shelf label market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand the revenue opportunities across different segments to take better decisions.
1 Executive Summary
2 Industry Outlook
2.1 Industry Overview
2.1.1 Industry Trend
2.1.1.1 Retailers inclination towards dynamic pricing
2.1.1.2 Rising focus on leveraging IoT technologies in retail environments
3 Market Snapshot
3.1 Overview
3.1.1 PEST Analysis
3.1.2 Porter’s Five Force Analysis
3.2 Related Markets
4 Market Characteristics
4.1 Market Distribution Structure
4.2 Market Trends
4.3 Market Segmentation
4.4 Market Dynamics
4.4.1 Drivers
4.4.1.1 Increasing focus on real-time price automation in Retail Settings
4.4.1.2 Rising focus on optimizing retail workflow
4.4.1.3 Government regulations of commodity pricing coupled with rising labor cost
4.4.2 Restraints
4.4.2.1 High capital investment along with complexity in integrating with the existing infrastructure
4.4.2.2 Concerns related to return on investment
4.4.3 Opportunities
4.4.3.1 Increasing Internet of Things (IoT) applications
4.4.3.2 Expanding retail sector in developing economies
4.4.4 DRO – Impact Analysis
5 Electronic Shelf Label (ESL) Market, By Product Type
5.1 Overview
5.2 LCD ESL
5.3 E-paper ESL
6 Global ELECTRONIC SHELF LABEL (ESL) Market, By Component
6.1 Overview
6.2 Hardware
6.3 Services
7 Global Electronic Shelf Label (ESL) Market, By End-User Type
7.1 Overview
7.2 Hypermarket & Supermarket
7.3 Departmental Stores
7.4 Others
8 Global Electronic Shelf Label (ESL) Market, By Region
8.1 Overview
8.2 Europe
8.2.1 Overview
8.2.2 Europe Electronic Shelf Label (ESL) Market, By Country – Market Size and Analysis
8.2.3 By Product Type – Market Size and Analysis
8.2.4 By Component – Market Size and Analysis
8.3 Americas
8.3.1 Overview
8.3.2 By Country – Market Size and Analysis
8.3.3 By Product Type – Market Size and Analysis
8.3.4 By Component – Market Size and Analysis
8.4 Asia Pacific
8.4.1 Overview
8.4.2 By Country – Market Size and Analysis
8.4.3 By Product Type – Market Size and Analysis
8.4.4 By Component – Market Size and Analysis
8.5 Middle East & Africa (MEA)
8.5.1 Overview
8.5.2 By Product Type – Market Size and Analysis
8.5.3 By Component – Market Size and Analysis
9 Competitive Landscape
9.1 Product/Offerings Portfolio Analysis
10 Vendor Profiles
10.1 SES-imagotag
10.1.1 Analyst Opinion
10.1.2 Business Analysis
10.1.2.1 Strategic Snapshot
10.1.2.2 Business Impact Analysis
10.1.2.3 Operational Snapshot
10.1.2.4 Product/Service Portfolio
10.2 Pricer AB
10.2.1 Analyst Opinion
10.2.2 Business Analysis
10.2.2.1 Strategic Snapshot
10.2.2.2 Business Impact Analysis
10.2.2.3 Operational Snapshot
10.2.2.4 Product/Service Portfolio
10.3 LG INNOTEK
10.3.1 Analyst Opinion
10.3.2 Business Analysis
10.3.2.1 Strategic Snapshot
10.3.2.2 Business Impact Analysis
10.3.2.3 Operational Snapshot
10.3.2.4 Product/Service Portfolio
10.4 Displaydata Limited
10.4.1 Analyst Opinion
10.4.2 Business Analysis
10.4.2.1 Strategic Snapshot
10.4.2.2 Business Impact Analysis
10.4.2.3 Operational Snapshot
10.4.2.4 Product/Service Portfolio
10.5 Teraoka Seiko Co., Ltd.(DIGI)
10.5.1 Company Description
10.5.2 Business Analysis
10.5.2.1 Strategic Snapshot
10.5.2.2 Operational Snapshot
10.5.2.3 Product/Service Portfolio
10.6 SoulM
10.6.1 Analyst Opinion
10.6.2 Business Analysis
10.6.2.1 Strategic Snapshot
10.6.2.2 Business Impact Analysis
10.6.2.3 Operational Snapshot
10.6.2.4 Product/Service Portfolio
11 Companies to Watch for
11.1 Hanshow
11.1.1 Analyst Opinion
11.1.2 Business Analysis
11.1.2.1 Strategic Snapshot
11.1.2.2 Operational Snapshot
11.1.2.3 Product/Service Portfolio
11.2 Altierre Corporation
11.2.1 Analyst Opinion
11.2.2 Business Analysis
11.2.2.1 Strategic Snapshot
11.2.2.2 Operational Snapshot
11.2.2.3 Product/Service Portfolio
11.3 Opticon
11.3.1 Analyst Opinion
11.4 SUNPAI INDUSTRIES LIMITED
11.4.1 Analyst Opinion
11.4.1.1 Product/Service Portfolio
12 Annexure
12.1 Report Scope
12.2 Research Methodology
12.2.1 Data Collation & In-house Estimation
12.2.2 Market Triangulation
12.2.3 Forecasting
12.3 Study Declarations
12.4 Report Assumptions
12.5 Abbreviations
TABLE 1 GLOBAL ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY PRODUCT TYPE, 2018–2025 ($MILLION) 30
TABLE 2 GLOBAL ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COMPONENT, 2018–2025 ($MILLION) 33
TABLE 3 ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, END-USER TYPE, 2018–2025 ($MILLION) 36
TABLE 4 ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY REGION, 2018–2025 ($MILLION) 40
TABLE 5 EUROPE ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COUNTRY, 2018–2025 ($MILLION) 42
TABLE 6 EUROPE ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY PRODUCT, 2018–2025 ($MILLION) 43
TABLE 7 EUROPE ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COMPONENT, 2018–2025 ($MILLION) 44
TABLE 8 AMERICAS ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COUNTRY, 2018–2025 ($MILLION) 46
TABLE 9 AMERICAS ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY TECHNOLOGY, 2018–2025 ($MILLION) 47
TABLE 10 AMERICAS ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COMPONENT, 2018–2025 ($MILLION) 48
TABLE 11 ASIA PACIFIC ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COUNTRY, 2018–2025 ($MILLION) 50
TABLE 12 ASIA PACIFIC ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY PRODUCT TYPE, 2017–2024 ($MILLION) 52
TABLE 13 ASIA PACIFIC ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COMPONENT, 2017–2024 ($MILLION) 53
TABLE 14 MEA ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY PRODUCT TYPE, 2017–2024 ($MILLION) 55
TABLE 15 MEA ELECTRONIC SHELF LABEL (ESL) MARKET VALUE, BY COMPONENT, 2018–2025 ($MILLION) 56
TABLE 16 PRODUCT/OFFERINGS PORTFOLIO ANALYSIS: ELECTRONIC SHELF LABEL (ESL) MARKET 58
TABLE 17 SES-IMAGOTAG: OVERVIEW 59
TABLE 18 SES-IMAGOTAG: STRATEGIC SNAPSHOT 59
TABLE 19 SES-IMAGOTAG: BUSINESS OPPORTUNITIES AND OUTLOOK 60
TABLE 20 SES-IMAGOTAG: OPERATIONAL SNAPSHOT 60
TABLE 21 SES-IMAGOTAG: PRODUCT/SERVICE PORTFOLIO 61
TABLE 22 PRICER AB: OVERVIEW 61
TABLE 23 PRICER AB: STRATEGIC SNAPSHOT 62
TABLE 24 PRICER AB: BUSINESS OPPORTUNITIES AND OUTLOOK 62
TABLE 25 PRICER AB: OPERATIONAL SNAPSHOT 62
TABLE 26 PRICER AB: PRODUCT/SERVICE PORTFOLIO 63
TABLE 27 LG INNOTEK: OVERVIEW 63
TABLE 28 LG INNOTEK: STRATEGIC SNAPSHOT 64
TABLE 29 LG INNOTEK: BUSINESS OPPORTUNITIES AND OUTLOOK 64
TABLE 30 LG INNOTEK: OPERATIONAL SNAPSHOT 64
TABLE 31 LG INNOTEK: PRODUCT/SERVICE PORTFOLIO 64
TABLE 32 DISPLAYDATA LIMITED: OVERVIEW 65
TABLE 33 DISPLAYDATA LIMITED: STRATEGIC SNAPSHOT 66
TABLE 34 DISPLAYDATA LIMITED: BUSINESS OPPORTUNITIES AND OUTLOOK 66
TABLE 35 DISPLAYDATA LIMITED: OPERATIONAL SNAPSHOT 66
TABLE 36 DISPLAYDATA LIMITED: PRODUCT/SERVICE PORTFOLIO 67
TABLE 37 TERAOKA SEIKO CO., LTD.: OVERVIEW 67
TABLE 38 TERAOKA SEIKO CO., LTD: STRATEGIC SNAPSHOT 67
TABLE 39 TERAOKA SEIKO CO., LTD: OPERATIONAL SNAPSHOT 68
TABLE 40 TERAOKA SEIKO CO., LTD: PRODUCT/SERVICE PORTFOLIO 68
TABLE 41 SOLUM: OVERVIEW 68
TABLE 42 SOLUM: STRATEGIC SNAPSHOT 69
TABLE 43 SOLUM: BUSINESS OPPORTUNITIES AND OUTLOOK 69
TABLE 44 SOLUM: OPERATIONAL SNAPSHOT 69
TABLE 45 SOLUM: PRODUCT/SERVICE PORTFOLIO 70
TABLE 46 SWOT ANALYSIS 71
TABLE 47 HANSHOW: OVERVIEW 74
TABLE 48 HANSHOW: STRATEGIC SNAPSHOT 74
TABLE 49 HANSHOW: OPERATIONAL SNAPSHOT 75
TABLE 50 HANSHOW: PRODUCT/SERVICE PORTFOLIO 75
TABLE 51 ALTIERRE CORPORATION: OVERVIEW 75
TABLE 52 ALTIERRE CORPORATION: STRATEGIC SNAPSHOT 76
TABLE 53 ALTIERRE CORPORATION: OPERATIONAL SNAPSHOT 76
TABLE 54 ALTIERRE CORPORATION: PRODUCT/SERVICE PORTFOLIO 76
TABLE 55 OPTICON INC: OVERVIEW 77
TABLE 56 OPTICON: PRODUCT/SERVICE PORTFOLIO 77
TABLE 57 SUNPAI INDUSTRIES LIMITED: OVERVIEW 78
TABLE 58 ALTIERRE CORPORATION: PRODUCT/SERVICE PORTFOLIO 78
Research Framework
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
- Forecasting
Market related information is congregated from both primary and secondary sources.
Primary sources
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.
