Electronic shelf label market

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Electronic Shelf Label (ESL) Market Information
by Type (LCD, Segmented E-Paper and Full-Graphic
E-Paper), Technology (Radio Frequency (RF),
Infrared, Near Field Communication (NFC)),
Component, Store Type (Supermarkets,
Hypermarkets, Specialty Stores) and forecast
2017-2027
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Market Summary
The global electronic shelf label market is
expected to reach USD 3.14 Billion by 2027,
according to a new report by Reports and Data.
Electronic shelf labels (ESLs) are observing an
escalation in demand for their use in exhibiting
product prices in retail stores. These are
generally affixed to retail shelves' front edge
and employs LCD or E Ink displays and
centralized pricing system (to align and
coordinate fluctuations in pricing across
different levels) to present the current product
prices to the customers. Further, ESLs allow for
dynamic pricing that adapts to several factors
such as an increase in price to consider low
inventory or drop in price to get a competitive
edge or allow for the rapid sale of items that
are approaching their expiration date. The
growth of the organized retail sector in emerging
nations is one of the significant factors
influencing the market growth, owing to robust
macroeconomic factors, as well as the
proliferation of the internet in countries like
India and China. Shifting lifestyle and growing
organized retail sector are causative of the
growing necessity for in-store automation,
thereby driving the electronic shelf labels
demand. The other benefits of using an electronic
shelf label are it is cost-efficient, fast, and
secures the price labeling. Moreover, growing
emphasis by the retailers for providing better
customer experiences about precise and consistent
pricing is boosting the market demand. For
instance, according to a study, increasing
internet penetration in India, along with several
global retail firms commencing their operation in
the country, the organized retail market share is
estimated to surge from nearly 12.0 in the year
2017 to around 22.0 to 25.0 by the year 2021.
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• COVID-19 Impact
• The COVID-19 pandemic is having a significant
  impact on the electronic shelf label industry.
  Demand for the product is suffering severe shocks
  across the retail sector, worldwide supply chains
  are upset, and the competitive order of
  manufacturers/producers has witnessed a change. A
  dip in sales in the physical retail stores has
  fast-tracked the global ESL suppliers into an
  oversupply situation. Movement restrictions
  appear to be a direct and immediate effect, and
  once the necessary social distancing ends, it is
  expected things would get back to normal
  conditions.
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• Further key findings from the report suggest
• By type, LCD contributed to the largest market
  share in 2019. The electronic shelf label based
  on LCD is a reasonably low-cost system. The
  demand for this type of display is primarily from
  small and medium-sized retail firms attributed to
  its cost advantage and short term of ROI.
• By technology, near field communication (NFC)
  technology is estimated to grow at a significant
  rate in the forecast period attributed to a surge
  in the sale of in the NFC-supported smartphones,
  as well as cost-efficient and energy-efficient
  benefits. Before purchasing an item, the NFC
  communication technology may be beneficial in
  offering timely information about the product,
  along with the real-time offer to the shoppers.

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• By component, batteries held a considerable
  market share 2019, as battery-operated electronic
  shelf labels are highly versatile, convenient to
  use, and can be installed in narrow compartments
  on shelves or peg wall hooks.
• Europe held the largest market share in 2019 and
  is likely to grow at a rate of 23.1 in the
  forecast period. This is mainly attributed to the
  early adoption of the product in the region in
  compliance with the implementation of the
  European Commission's consumer protection
  cooperation regulation, which offers protection
  to consumers against deceits and
  misrepresentative product information and prices.
  Moreover, the retail industry in Europe is a
  significant contributor to the overall GDP, which
  is a significant contributor to market dominance
  in the region.
• Key participants include Pricer, Displaydata,
  Samsung Electro-Mechanics, Diebold Nixdorf,
  SES-Imagotag, M2communication, Teraoka Seiko, E
  Ink Holdings, Panasonic Corporation, and Clearink
  Display, among others.
• In September 2019, Panasonic Corporation, a
  leading market player, made an announcement about
  the introduction of Electronic Shelf Labelling
  (ESL) solution in the retail sector in India to
  facilitate retail firms for swift updation of the
  information on shelving signage wirelessly and in
  an efficient manner. The unprecedented technology
  of Panasonic Electronic Shelf Labelling
  ascertains the secure transfer of data through an
  encrypted radio communication technology.

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• For the purpose of this report, Reports and Data
  have segmented the global electronic shelf label
  market on the basis of type, technology,
  component, store type, and region
• Type Outlook (Revenue, USD Million 2017-2027)
• LCD
• Segmented E-Paper
• Full Graphic E-Paper
• Technology Outlook (Revenue, USD Million
  2017-2027)
• Radio Frequency
• Infrared
• Near Field Communication
• Others
• Component Outlook (Revenue, USD Million
  2017-2027)
• Displays
• Batteries

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• Store Type Outlook (Revenue, USD Million
  2017-2027)
• Super Markets
• Hyper Markets
• Specialty Stores
• Non-Food Retail Store
• Others
• Regional Outlook (Volume Kilo Tons, Revenue, USD
  Million 20162026)
• North America
• US
• Canada
• Europe
• Germany
• UK
• France
• Benelux
• Rest of Europe

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• Japan
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Rest of Latin America
• MEA
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
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  a.com/report-detail/electronic-shelf-label-esl-mar
  ket

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About Us
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