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

  • ID: 4449337
  • Report
  • Region: Global
  • 137 Pages
  • Markets and Markets
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ESL Market Expected to be Worth USD 392.3 Million in 2017 and USD 1,424.8 Million by 2023, at a CAGR of 23.98%

FEATURED COMPANIES

  • Advantech U.S.
  • Diebold Nixdorf
  • E Ink Holdings
  • Lancom Systems
  • Opticon Sensors Europe
  • Samsung Electro-Mechanics
  • MORE

"The electronic shelf label (ESL) market is projected to grow at a CAGR of 23.98% between 2017 and 2023"

The 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 growth of the overall market can be attributed to driving factors such as increasing operational efficiency with real-time product positioning, more cost-efficient and less time-consuming alternative to paper labels, and trending retail automation. However, high expenses of installation and supporting infrastructure restrain the growth of the ESL market.

"The ESL market for display components is likely to grow at the highest CAGR during the forecast period"

The highest CAGR of the market for displays is attributed to the inclusion of various liquid crystal displays (LCDs) and full-graphic e-paper displays. The rapid adoption of full graphics and LCD ESLs is also propelling the demand for the display components among the end users. Information on LCDs are clearly visible, and even in narrow shelves, ESLs with small LCD screens are being installed for better visibility of products. A full-graphic e-paper ESL displays the price, QR code, barcode, and other messages on a single screen. These advantages of displays are accelerating the adoption of ESLs in the market.

"Full-graphic e-paper ESL held the largest share of the ESL market in 2016"

The largest market size and highest CAGR for full-graphic e-paper ESL are attributed to the growing demand for price automation from Tier I and Tier II retailers that rely on these ESLs to a large extent, as these ESLs support the graphic content and information. In addition, full graphical e-paper ESLs are a key to gain customer attention and make the in-store communication dynamic.
 
"The ESL market in APAC is expected to grow at the highest CAGR during the forecast period"

The globalization and development of organized retail in APAC are likely to contribute to the highest CAGR of the market in APAC during the forecast period. Additionally, the readiness of retailers (i.e., ESL end users) in APAC to follow the ongoing trends of the retail market also leads to the growth of the ESL market in this region. Moreover, Japan is the major adopter of ESLs in APAC, thus contributing the growth of the overall market in APAC. In Australia, the labor costs are high, and the Australian retailers are spending a great deal of money on price management to maximize the promotional activities for various products.

In the process of determining and verifying the market size for several segments and subsegments obtained through secondary research, extensive primary interviews have been conducted with officials from the key players.

The break-up of the profile of primaries has been given below:

  • By Company Type: Tier 1 = 25 %, Tier 2 = 35%, and Tier 3 = 40%
  • By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
  • By Region: Europe = 43%, APAC = 29%, North America = 14%, and RoW = 14%

The key players in the ESL market profiled in the report are as follows:
1. Pricer (Sweden)
2. SES-imagotag (France)
3. Samsung Electro-Mechanics (South Korea)
4. E Ink Holdings (Taiwan)
5. Displaydata (UK)
6. M2Communication (Taiwan)
7. Diebold Nixdorf (Germany)
8. Opticon Sensors Europe (Netherlands)
9. Teraoka Seiko (Japan)
10. NZ Electronic Shelf Labelling (New Zealand)

Research Coverage:

The report studies the ESL market segmented on the basis of component, product type, communication technology, and store type. It also includes the forecast of the market size, in terms of value, with respect to 4 main regions, namely, North America, Europe, APAC, and RoW. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and challenges for the market. It also profiles the key players operating in ESL market as well as describes the overall value chain of the market.
 
Reasons to Buy the Report:

1. The report would help the stakeholders to understand the pulse of the market and provides them the information on key market drivers, restraints, challenges, and opportunities.
2. This report would help stakeholders to understand their competitors better and gain more insights to strengthen their position in the market. The competitive landscape section includes competitor ecosystem and the recent development strategies adopted by the key players in the market, which include product launches and developments, partnerships, and mergers and acquisitions.

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FEATURED COMPANIES

  • Advantech U.S.
  • Diebold Nixdorf
  • E Ink Holdings
  • Lancom Systems
  • Opticon Sensors Europe
  • Samsung Electro-Mechanics
  • MORE

1 Introduction
    1.1 Objectives of Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
    1.4 Years Considered for Study
    1.5 Currency
    1.6 Package Size
    1.7 Limitations
    1.8 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
                    2.1.2.4 Key Data From Primary Sources
    2.2 Secondary and Primary Research
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.3.2 Top-Down Approach
                    2.3.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities in the Electronic Shelf Label Market
    4.2 Electronic Shelf Label Market, By Product
    4.3 Asia Pacific: Electronic Shelf Label Market, By Store Type and Country
    4.4 Electronic Shelf Label Market, By Country (2017)
    4.5 Electronic Shelf Label Market, By Communication Technology

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Trending Retail Automation
                    5.2.1.2 More Cost-Efficient and Less Time-Consuming Alternative to Paper Labels
                    5.2.1.3 Increased Operational Efficiency With Real-Time Product Positioning
           5.2.2 Restraints
                    5.2.2.1 High Expenses of Installation and Supporting Infrastructure
           5.2.3 Opportunities
                    5.2.3.1 Transformation of the Retail Industry From Manual to Automated Operations
                    5.2.3.2 Promising Growth in Emerging Economies Due to Growing Retail Automation
           5.2.4 Challenges
                    5.2.4.1 Low Labor Cost in Economically Developing Countries

6 Industry Trends
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Component/Raw Material Suppliers
           6.2.2 ESL Vendors
           6.2.3 Distributors
           6.2.4 End Users
    6.3 Key Industry Trends

7 Electronic Shelf Label Market, By Component
    7.1 Introduction
    7.2 Displays
    7.3 Batteries
    7.4 Transceivers
    7.5 Microprocessors
    7.6 Others

8 Electronic Shelf Label Market, By Product Type
    8.1 Introduction
    8.2 LCD ESL
    8.3 Segmented E-Paper ESL
    8.4 Full-Graphic E-Paper ESL

9 Electronic Shelf Label Market, By Store Type
    9.1 Introduction
    9.2 Hypermarkets
    9.3 Supermarkets
    9.4 Non-Food Retail Stores
    9.5 Specialty Stores
    9.6 Other Store Types

10 Electronic Shelf Label Market, By Communication Technology
     10.1 Introduction
     10.2 Radio Frequency
     10.3 Infrared
     10.4 Near Field Communication
     10.5 Other Communication Technologies

11 Electronic Shelf Label Market, By Region
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 France
             11.3.2 Germany
             11.3.3 UK
             11.3.4 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 Rest of APAC
     11.5 RoW
             11.5.1 Middle East & Africa
             11.5.2 South America

12 Competitive Landscape
     12.1 Introduction
     12.2 Electronic Shelf Label Market Ranking, 2016

13 Company Profiles
     13.1 Introduction
Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships
     13.2 Ses-Imagotag
     13.3 Pricer
     13.4 Samsung Electro-Mechanics
     13.5 E Ink Holdings
     13.6 Displaydata
     13.7 M2communication
     13.8 Diebold Nixdorf
     13.9 Opticon Sensors Europe
     13.10 Teraoka Seiko
     13.11 NZ Electronic Shelf Labelling
*Details Might Not Be Captured in Case of Unlisted Companies.
     13.12 Key Innovators
             13.12.1 Altierre
             13.12.2 Advantech U.S.
             13.12.3 Forbix Semicon
             13.12.4 Lancom Systems
             13.12.5 Solum

List of Tables
Table 1 Electronic Shelf Label Market, By Component, 2014-2023 (USD Million)
Table 2 Electronic Shelf Label Market for Displays, By Type, 2014-2023 (USD Million)
Table 3 Electronic Shelf Label Market for E-Papers, By Region, 2014-2023 (USD Million)
Table 4 Electronic Shelf Label Market for LCDs, By Region, 2014-2023 (USD Million)
Table 5 Electronic Shelf Label Market for Other Displays, By Region, 2014-2023 (USD Million)
Table 6 Electronic Shelf Label Market, By Product Type, 2014-2023 (USD Million)
Table 7 Electronic Shelf Label Market for LCD ESL, By Store Type, 2014-2023 (USD Million)
Table 8 Electronic Shelf Label Market for LCD ESL, By Communication Technology, 2014-2023 (USD Million)
Table 9 Electronic Shelf Label Market for LCD ESL, By Region, 2014-2023 (USD Million)
Table 10 Electronic Shelf Label Market for Segmented E-Paper ESL, By Store Type, 2014-2023 (USD Million)
Table 11 Electronic Shelf Label Market for Segmented E-Paper ESL, By Communication Technology, 2014-2023 (USD Million)
Table 12 Electronic Shelf Label Market for Segmented E-Paper ESL, By Region, 2014-2023 (USD Million)
Table 13 Electronic Shelf Label Market for Full-Graphic E-Paper ESL, By Store Type, 2014-2023 (USD Million)
Table 14 Electronic Shelf Label Market for Full-Graphic E-Paper ESL, By Communication Technology, 2014-2023 (USD Million)
Table 15 Electronic Shelf Label Market for Full-Graphic E-Paper ESL, By Region, 2014-2023 (USD Million)
Table 16 Electronic Shelf Label Market, By Store Type, 2014-2023 (USD Million)
Table 17 Electronic Shelf Label Market for Hypermarkets, By Product Type, 2014-2023 (USD Million)
Table 18 Electronic Shelf Label Market for Hypermarkets, By Communication Technology, 2014-2023 (USD Million)
Table 19 Electronic Shelf Label Market for Hypermarkets, By Region, 2014-2023 (USD Million)
Table 20 Electronic Shelf Label Market for Supermarkets, By Product Type, 2014-2023 (USD Million)
Table 21 Electronic Shelf Label Market for Supermarkets, By Communication Technology, 2014-2023 (USD Million)
Table 22 Electronic Shelf Label Market for Supermarkets, By Region, 2014-2023 (USD Million)
Table 23 Electronic Shelf Label Market for Non-Food Retail Stores, By Product Type, 2014-2023 (USD Million)
Table 24 Electronic Shelf Label Market for Non-Food Retail Stores, By Communication Technology, 2014-2023 (USD Million)
Table 25 Electronic Shelf Label Market for Non-Food Retail Stores, By Region, 2014-2023 (USD Million)
Table 26 Electronic Shelf Label Market for Specialty Stores, By Product Type, 2014-2023 (USD Million)
Table 27 Electronic Shelf Label Market for Specialty Stores, By Communication Technology, 2014-2023 (USD Million)
Table 28 Electronic Shelf Label Market for Specialty Stores, By Region, 2014-2023 (USD Million)
Table 29 Electronic Shelf Label Market for Other Store Types, By Product Type, 2014-2023 (USD Million)
Table 30 Electronic Shelf Label Market for Other Store Types, By Communication Technology, 2014-2023 (USD Million)
Table 31 Electronic Shelf Label Market for Other Store Types, By Region, 2014-2023 (USD Million)
Table 32 Electronic Shelf Label Market, By Communication Technology, 2014-2023 (USD Million)
Table 33 Electronic Shelf Label Market for Radio Frequency, By Product Type, 2014-2023 (USD Million)
Table 34 Electronic Shelf Label Market for Radio Frequency, By Store Type, 2014-2023 (USD Million)
Table 35 Electronic Shelf Label Market for Infrared, By Product Type, 2014-2023 (USD Million)
Table 36 Electronic Shelf Label Market for Infrared, By Store Type, 2014-2023 (USD Million)
Table 37 Electronic Shelf Label Market for Near Field Communication, By Product Type, 2014-2023 (USD Million)
Table 38 Electronic Shelf Label Market for Near Field Communication, By Store Type, 2014-2023 (USD Million)
Table 39 Electronic Shelf Label Market for Other Communication Technologies, By Product Type, 2014-2023 (USD Million)
Table 40 Electronic Shelf Label Market for Other Communication Technologies, By Store Type, 2014-2023 (USD Million)
Table 41 Electronic Shelf Label Market, By Region, 2014-2023 (USD Million)
Table 42 Electronic Shelf Label Market, By Region, 2014-2023 (Million Units)
Table 43 Electronic Shelf Label Market in North America, By Country, 2014-2023 (USD Million)
Table 44 Electronic Shelf Label Market in North America, By Country, 2014-2023 (Million Units)
Table 45 Electronic Shelf Label Market in North America, By Product Type, 2014-2023 (USD Million)
Table 46 Electronic Shelf Label Market in North America, By Store Type, 2014-2023 (USD Million)
Table 47 Electronic Shelf Label Market for Displays in North America, By Display Type, 2014-2023 (USD Million)
Table 48 Electronic Shelf Label Market in Europe, By Country, 2014-2023 (USD Million)
Table 49 Electronic Shelf Label Market in Europe, By Country, 2014-2023 (Million Units)
Table 50 Electronic Shelf Label Market in Europe, By Product Type, 2014-2023 (USD Million)
Table 51 Electronic Shelf Label Market in Europe, By Store Type, 2014-2023 (USD Million)
Table 52 Electronic Shelf Label Market for Displays in Europe, By Display Type, 2014-2023 (USD Million)
Table 53 Electronic Shelf Label Market in APAC, By Country, 2014-2023 (USD Million)
Table 54 Electronic Shelf Label Market in APAC, By Country, 2014-2023 (Million Units)
Table 55 Electronic Shelf Label Market in APAC, By Product Type, 2014-2023 (USD Million)
Table 56 Electronic Shelf Label Market in APAC, By Store Type, 2014-2023 (USD Million)
Table 57 Electronic Shelf Label Market for Displays in APAC, By Display Type, 2014-2023 (USD Million)
Table 58 Electronic Shelf Label Market in RoW, By Region, 2014-2023 (USD Million)
Table 59 Electronic Shelf Label Market in RoW, By Region, 2014-2023 (Million Units)
Table 60 Electronic Shelf Label Market in RoW, By Product Type, 2014-2023 (USD Million)
Table 61 Electronic Shelf Label Market in RoW, By Store Type, 2014-2023 (USD Million)
Table 62 Electronic Shelf Label Market for Displays in RoW, By Display Type, 2014-2023 (USD Million)
Table 63 Market Ranking for Electronic Shelf Label Market, 2016

List of Figures
Figure 1 Research Process
Figure 2 Electronic Shelf Label Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Electronic Shelf Label Market, 2014-2023
Figure 7 Electronic Shelf Label Market for Full-Graphic E-Paper ESL to Grow at Highest CAGR During Forecast Period
Figure 8 Radio Frequency to Hold Largest Share of Electronic Shelf Label Market in 2017
Figure 9 Displays to Dominate Electronic Shelf Label Market in 2017
Figure 10 Hypermarkets to Hold Largest Share of Electronic Shelf Label Market in 2017
Figure 11 Europe Held Largest Share of Electronic Shelf Label Market in 2016
Figure 12 Transformation of the Retail Industry From Manual to Automated Operations is One of the Major Opportunities in Electronic Shelf Label Market
Figure 13 Electronic Shelf Label Market for Full-Graphic E-Paper ESL to Grow at Highest CAGR During Forecast Period
Figure 14 Hypermarkets Held Largest Share of Electronic Shelf Label Market in APAC in 2016
Figure 15 US Held the Largest Share of Global Electronic Shelf Label Market in 2016
Figure 16 Electronic Shelf Label Market for Near Field Communication to Grow at Highest CAGR During Forecast Period
Figure 17 Trending Retail Automation Drives Electronic Shelf Label Market
Figure 18 ESL Market: Value Chain Analysis
Figure 19 Electronic Shelf Label Market, By Component
Figure 20 Displays to Dominate Electronic Shelf Label Market During Forecast Period
Figure 21 Electronic Shelf Label Market, By Product Type
Figure 22 Full-Graphic E-Paper ESL to Lead Electronic Shelf Label Market During Forecast Period
Figure 23 Electronic Shelf Label Market for LCD ESL in APAC to Grow at Highest CAGR During Forecast Period
Figure 24 Full-Graphic E-Paper ESL Market for Non-Food Retail Stores to Grow at Highest CAGR During Forecast Period
Figure 25 Electronic Shelf Label Market, By Store Type
Figure 26 Hypermarkets to Hold Largest Size of Electronic Shelf Label Market in 2017
Figure 27 Radio Frequency to Hold Largest Share of Electronic Shelf Label Market for Hypermarkets in 2017
Figure 28 Europe to Hold Largest Size of Electronic Shelf Label Market for Non-Food Retail Stores in 2017
Figure 29 Electronic Shelf Label Market, By Communication Technology
Figure 30 Electronic Shelf Label Market for Near Field Communication to Grow at Highest CAGR During Forecast Period
Figure 31 Hypermarkets to Hold Largest Size of Electronic Shelf Label Market for Radio Frequency in 2017
Figure 32 Full-Graphic E-Paper ESL to Hold Largest Size of Electronic Shelf Label Market for Near Field Communication in 2017
Figure 33 Electronic Shelf Label Market, By Geography
Figure 34 Geographic Snapshot of Electronic Shelf Label Market, 2017-2023
Figure 35 Electronic Shelf Label Market in North America
Figure 36 Snapshot: Electronic Shelf Label Market in North America
Figure 37 Electronic Shelf Label Market in Europe
Figure 38 Snapshot: Electronic Shelf Label Market in Europe
Figure 39 Electronic Shelf Label Market in APAC
Figure 40 Snapshot: Electronic Shelf Label Market in APAC
Figure 41 Electronic Shelf Label Market in RoW
Figure 42 Key Growth Strategy Adopted By Companies in Electronic Shelf Label Market Between 2014 and 2017
Figure 43 Ses-Imagotag: Company Snapshot
Figure 44 Pricer: Company Snapshot
Figure 45 Samsung Electro-Mechanics: Company Snapshot
Figure 46 E Ink Holdings: Company Snapshot
Figure 47 Diebold Nixdorf : Company Snapshot

Note: Product cover images may vary from those shown
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  • 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
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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