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Electronic Shelf Label Market by Product Type, Display Type, Component, Communication Technology, End User, and Geography - Global Forecast to 2028

  • ID: 5464313
  • Report
  • March 2021
  • Region: Global
  • 187 Pages
  • Meticulous Market Research Pvt. Ltd.

FEATURED COMPANIES

  • CLEARink Displays Inc.
  • Displaydata Limited
  • E Ink Holdings Inc.
  • M2COMM
  • Mariella Labels OY
  • Pricer AB
Electronic Shelf Labels Market by Product Type (E-Paper, LCD), Display Type (Full Graphics, Black&White), Component (Hardware, Software), Communication Technology (NFC, Wi-Fi), End User (Retail, Automotive Retail), and Geography - Global Forecast to 2028

The research report titled “Electronic Shelf Labels Market by Product Type (E-Paper, LCD), Display Type (Full Graphics, Black&White), Component (Hardware, Software), Communication Technology (NFC, Wi-Fi), End User (Retail, Automotive Retail), and Geography - Global Forecast to 2028”, provides an in-depth analysis of the electronic shelf labels market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecast till 2028. The Electronic Shelf Labels Market is expected to reach a value of $2.57 billion by 2028, at a CAGR of 21.8% during the forecast period 2021-2028.

The growth of this market is mainly attributed to the stringent environmental regulations concerning the use of paper, the rising trend of retail automation, and the higher efficiency and time savings feature offered by ESLs compared to traditional paper labels.

The study offers a comprehensive analysis of the electronic shelf labels market with respect to the product type (E-paper, LCD, and TFT), display type (full graphics, black & white, and segmented), component (hardware and software), communication technology (NFC, Wi-Fi, Bluetooth, and RFID), and end user (retail, automotive retail, manufacturing, and other end users), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on product type, the electronic shelf labels market is segmented into e-paper, LCD, and TFT. The e-paper segment is expected to account for the largest share of the electronic shelf labels market in 2021. The large share of this segment is mainly attributed to their extremely low power consumption, very wide viewing angles, mono and 3-and 4-color options, and paper-like readability under all store lighting conditions. Moreover, e-paper-based ESLs are environment-friendly, cost-effective, then LCD/LED technologies. Moreover, the e-paper electronic shelf labels segment is expected to witness significant growth during the forecast period 2021-2028.

Based on display type, the electronic shelf labels market is segmented into full graphics, black & white, and segmented. The full graphics segment is expected to account for the largest share of the electronic shelf labels market in 2021. The large share of this segment is due to its ability to display the price and facilitate stock management by enabling price updates at any time and simplified customer interactions, reassignments, and firmware updates via a simple tap on an NFC-enabled smartphone. These ESLs are widely used label tags to include promotional ads, customized fonts, barcodes, and QR codes. Moreover, this segment is also expected to showcase the highest CAGR throughout the forecast period.

Based on component, the electronic shelf labels market is segmented into hardware and software. The hardware segment is expected to account for the largest market share in 2021 and the highest CAGR during the forecast period. The factors attributed to this segment's growth are due to its low cost as ESL manufacturers produce a majority of the components in-house, while outsourcing some of the components, such as chipsets, displays, and batteries. Moreover, e-paper-based displays are widely used in terms of display utilization due to low power consumption, paper-like readability, and thinner body. ESL is widely available in different sizes, colors, and graphics depending upon the application it uses.

Based on communication technology, the electronic shelf labels market is segmented into NFC, Wi-Fi, Bluetooth, and RFID. The NFC segment holds the largest market share and is also expected to grow at the highest CAGR during the forecast period. The major factors towards the dominance of this segment as NFC-enabled ESL provides seamless connectivity and personalized customer experience.

Based on the end user, the electronic shelf labels market is segmented into retail, automotive retail, manufacturing, and other end users. Among these end-users, the retail segment is expected to hold the largest market share in 2021. The large share of this segment is mainly attributed to the need to comply with the frequent price changes, complex product specifications, and dynamic offers and discounts. The retail industry is a leading end-user of ESL, with over 60% of the deployments in this sector. Retailers use an ESL system for displaying product pricing on shelves. The product pricing is automatically updated whenever a price is changed from a central control server. However, automotive retail is subjected to showcase the highest CAGR during the forecast period.

Geographically, the market is segmented into five major regions - North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The European region is estimated to account for the largest share of the electronic shelf labels market in 2021. The large share of this region is primarily attributed to the implementation of sustainability practice, the rise of predictive data analytics & competitor intelligence, the emergence and prominence of omnichannel and retail reality. In addition, Government-sponsored funding and the emphasis on the adoption of ESLs are also boosting the European ESLs market. The government has subjected a consumer protection law in the European Union (EU) to adopt retail automation in the region.

The key players operating in the electronic shelf labels market are Teraoka Seiko Co., Ltd. (Japan), Displaydata Limited (U.K.), M2COMM (Taiwan), Mariella Labels OY (Finland), Opticon Sensors Europe B.V. (Netherlands), Pricer AB (Sweden), RAINUS Co., Ltd. (South Korea), SES-imagotag SA (France), SoluM Co., Ltd. (South Korea), Store Intelligence Inc. (U.S.), Zhejiang Hanshow Technology Co., Ltd. (China), Diebold Nixdorf Incorporated (U.S.), NZ Electronic Shelf Labelling (New Zealand), CLEARink Displays, Inc. (U.S.), and E Ink Holdings Inc. (Taiwan).

Key Questions Answered in the Report-

  • Which are the high-growth market segments in terms of product type, display type, component, communication technology, end user, and geography?
  • What is the historical market size for the electronic shelf labels market?
  • What are the market forecasts and estimates for the period 2021-2028?
  • What are the major drivers, restraints, opportunities, and challenges in the electronic shelf labels market?
  • Who are the major players in the market, and what share of the market do they hold?
  • How is the competitive landscape for the electronic shelf labels market?
  • What are the recent developments in the electronic shelf labels market?
  • What are the different strategies adopted by the major players in the market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the electronic shelf labels market, and how do they compete with the other players?

Scope of the Report


Electronic Shelf Labels Market, by Product Type

  • E-Paper
  • LCD
  • TFT

Electronic Shelf Labels Market, by Display Type

  • Full Graphics
  • Black & White
  • Segmented

Electronic Shelf Labels Market, by Component

  • Hardware
  • Display
  • 3-7 Inches
  • Less than 3 Inches
  • 7-10 Inches
  • More than 10 Inches
  • Other Hardware
  • Software

Electronic Shelf Labels Market, by Communication Technology

  • NFC
  • Wi-Fi
  • Bluetooth
  • RFID

Electronic Shelf Labels Market, by End User

  • Retail
  • Hypermarkets & Supermarkets
  • Department Stores
  • Food Retail Stores
  • Electronics Stores
  • Pharmacies & Drugstores
  • Fashion & Clothing Stores
  • Other Retail Stores
  • Automotive Retail
  • Manufacturing
  • Other End Users

Electronic Shelf Labels Market, by Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Switzerland
  • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • India
  • Singapore
  • Rest of Asia-Pacific (RoAPAC)
  • Latin America
  • Middle East & Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CLEARink Displays Inc.
  • Displaydata Limited
  • E Ink Holdings Inc.
  • M2COMM
  • Mariella Labels OY
  • Pricer AB
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.2.3. Market Size Estimation

3. Executive Summary

4. COVID-19 Impact Assessment
4.1. Scenario A: Severe Impact
4.2. Scenario B: Moderate Recovery
4.3. Scenario C: Fast Recovery

5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Highly Effective and Time-Saving Compared to Traditional Paper Labelling
5.2.1.2. Growing Environmental Concerns Regarding the Use of Paper
5.2.1.3. Rising Trend of Retail Automation
5.2.2. Restraints
5.2.2.1. High Installation Cost
5.2.2.2. Lack of Proper Infrastructure for Wireless Technology in Developing Regions
5.2.3. Opportunities
5.2.3.1. Integration of Advanced Retail Technologies, Real-Time Product Info, and Price with AR and AI
5.2.4. Challenges
5.2.4.1. Low Margins of Retailers Hindering Deployment of Automation Technology in Stores
5.3. Trends
5.3.1. Switchable Screens
5.3.2. Need for Advanced Battery Technology for Extended Battery Life
5.4. Value Chain Analysis

6. Global Electronic Shelf Label Market, By Product Type
6.1. Introduction
6.2. E-Paper
6.3. LCD
6.4. TFT

7. Global Electronic Shelf Label Market, By Display Type
7.1. Introduction
7.2. Full Graphics
7.3. Black & White
7.4. Segmented

8. Global Electronic Shelf Label Market, By Component
8.1. Introduction
8.2. Hardware
8.2.1. Displays
8.2.1.1. 3-7 Inches
8.2.1.2. Less Than 3 Inches
8.2.1.3. 7-10 Inches
8.2.1.4. More Than 10 Inches
8.2.2. Other Hardware
8.3. Software

9. Global Electronic Shelf Label Market, By Communication Technology
9.1. Introduction
9.2. NFC
9.3. Wi-Fi
9.4. Bluetooth
9.5. RFID

10. Global Electronic Shelf Label Market, By End User
10.1. Introduction
10.2. Retail
10.2.1. Hypermarkets & Supermarkets
10.2.2. Department Stores
10.2.3. Food Retail Stores
10.2.4. Electronics Stores
10.2.5. Pharmacies & Drugstores
10.2.6. Fashion & Clothing Stores
10.2.7. Other Retail Stores
10.3. Automotive Retail
10.4. Manufacturing
10.5. Other End Users

11. Electronic Shelf Label Market Size, By Geography
11.1. Introduction
11.2. Europe
11.2.1. Germany
11.2.2. France
11.2.3. U.K.
11.2.4. Switzerland
11.2.5. Italy
11.2.6. Spain
11.2.7. ROE
11.3. North America
11.3.1. U.S.
11.3.2. Canada
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. Singapore
11.4.4. South Korea
11.4.5. India
11.4.6. RoAPAC
11.5. MEA
11.6. Latin America

12. Competitive Landscape
12.1. Introduction
12.2. Key Growth Strategies
12.3. Market Share Analysis (2020)
12.3.1. SES-imagotag SA
12.3.2. Pricer AB
12.3.3. SoluM Co., Ltd.

13. Company Profiles
13.1. Teraoka Seiko Co., Ltd.
13.1.1. Business Overview
13.1.2. Product Portfolio
13.2. Displaydata Limited
13.2.1. Business Overview
13.2.2. Product Portfolio
13.2.3. Strategic Developments
13.3. M2COMM
13.3.1. Business Overview
13.3.2. Product Portfolio
13.4. Mariella Labels OY
13.4.1. Business Overview
13.4.2. Product Portfolio
13.5. Opticon Sensors Europe B.V.
13.5.1. Business Overview
13.5.2. Product Portfolio
13.6. Pricer AB
13.6.1. Business Overview
13.6.2. Financial Overview
13.6.3. Product Portfolio
13.6.4. Strategic Developments
13.7. RAINUS Co., Ltd.
13.7.1. Business Overview
13.7.2. Product Portfolio
13.7.3. Strategic Developments
13.8. SES-imagotag SA
13.8.1. Business Overview
13.8.2. Financial Overview
13.8.3. Product Portfolio
13.8.4. Strategic Developments
13.9. SoluM Co., Ltd.
13.9.1. Business Overview
13.9.2. Product Portfolio
13.9.3. Strategic Developments
13.10. Store Intelligence Inc
13.10.1. Business Overview
13.10.2. Product Portfolio
13.11. Zhejiang Hanshow Technology Co., Ltd
13.11.1. Business Overview
13.11.2. Product Portfolio
13.11.3. Strategic Developments
13.12. Diebold Nixdorf, Incorporated
13.12.1. Business Overview
13.12.2. Financial Overview
13.12.3. Product Portfolio
13.13. NZ Electronic Shelf Labelling
13.13.1. Business Overview
13.13.2. Product Portfolio
13.14. CLEARink Displays, Inc.
13.14.1. Business Overview
13.14.2. Product Portfolio
13.14.3. Strategic Developments
13.15. E Ink Holdings Inc.
13.15.1. Business Overview
13.15.2. Financial Overview
13.15.3. Product Portfolio
13.15.4. Strategic Developments

14. Appendix
14.1. Questionnaire
Note: Product cover images may vary from those shown
  • Teraoka Seiko Co. Ltd.
  • Displaydata Limited
  • M2COMM
  • Mariella Labels OY
  • Opticon Sensors Europe B.V.
  • Pricer AB
  • RAINUS Co. Ltd.
  • SES-imagotag SA
  • SoluM Co. Ltd.
  • Store Intelligence Inc.
  • Zhejiang Hanshow Technology Co. Ltd.
  • Diebold Nixdorf Incorporated
  • NZ Electronic Shelf Labelling
  • CLEARink Displays Inc.
  • E Ink Holdings Inc.
Note: Product cover images may vary from those shown
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