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How Electronic Shelf Label Market Reach US$ 1790 million from US$ 630 million !

Analytical Research Cognizance covers “Global Electronic Shelf Label (ESL) Consumption Market “Size Growth Rate by Type (2018-2023): Inventory and Price Management, advanced IT technology.

 

In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Electronic Shelf Label (ESL) market for 2018-2023.

Electronic Shelf Label, also known by the acronym ESL. It is the latest solution for inventory and price management in the retail sector, based on the use of advanced IT technology. ESL replaces conventional paper price tags attached to the shelves of supermarkets and department stores with, for example, LCDs and electronic paper (E-paper) that show information on product price, sales promotions, etc.

 

ESL takes advantage of Zigbee, a low-power wireless communication technology, to keep product prices updated in real time. ESL consists of an e-paper equipped tag and gateway which delivers product information. The central server transmits information of each product to the gateway, which in turn sends such information to thousands of tags at the same time.

 

An electronic shelf label includes a transceiver configured to communicate with a plurality of wireless data tags associated with a plurality of retail products.

 

Electronic Shelf Label (ESL) is a technology-intensive industry. There are less than twenty manufacturers in this industry. The top two manufacturers are Store Electronic Systems (imagotag) and Pricer in 2015. The other competitors include Displaydata, E Ink, Opticon Sensors Europe B.V,

DIGI, Altierre, Hanshow Technology and new entrants like Panasonic, LG innotek and Samsung etc. There are also a number of smaller regional companies or companies that are attempting to develop products with a view to establishing a position on the market. With the restructuring of the sector, for example, if one or more competitors were to enter into an alliance with a strong partner, this could constitute a threat to other players in the market. The growth of Electronic Shelf Label (ESL) industry depends on the acceptance of retail store.

 

At present, in developed countries, the Electronic Shelf Label (ESL) industry is generally at a more advanced level. The world’s largest enterprises are mainly concentrated in Europe. Meanwhile, foreign companies have more advanced R & D capability and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Asia companies.

Over the next five years, LPI(LP Information) projects that Electronic Shelf Label (ESL) will register a 19.2% CAGR in terms of revenue, reach US$ 1790 million by 2023, from US$ 630 million in 2017.

 

This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Shelf Label (ESL) market by product type, application, key manufacturers and key regions.

 

Get Sample of Global Electronic Shelf Label Market 2018 Report @ http://www.arcognizance.com/enquiry-sample/100215

 

Within the last decade, the global Electronic Shelf Label market has been witnessing a steady surge in the consumption of the products, industries being the majority shareholders in terms of the consumption. Home owners hold a substantially small percentage of the share since the applications for home use are quite limited. Industry experts have claimed that the rise in demand from other industry verticals is expected to rise, resulting in more demand and higher consumption in the future. According to the new report by LP Information on the global Electronic Shelf Label market, the consumption figures promising as the Electronic Shelf Label market is expected to reach the value of US$ XX million at the end of 2023.

 

As per the survey conducted for gathering information for the research report, the information that has surfaced verifies the expert views. The Electronic Shelf Label market has been estimated to have valued US$ XX million at the end of 2017 and the major factors affecting the market trend have been discussed in detail with its analysis in the report. The global Electronic Shelf Label market research report dwells in the study of the Electronic Shelf Label market, providing the customers with the latest developments in terms of market share, growth opportunities, sales and production statistics, and much more.

 

The Electronic Shelf Label market is segmented by product as follows:

Liquid Crystal Display (LCD) Displays

E papers Displays

 

The consumption, sales, value, market share, etc. of each individual product is covered in the global Electronic Shelf Label market research report.

 

Applications have a major influence on the consumption figures in the Electronic Shelf Label market. The various applications analysis helps understand and accurately forecast the market.

 

The applications segmentation is done as follows:

Department Stores/Mass Merchandise

Grocery/Supermarket

Drug Stores

Specialty Stores

Others

 

Regional analysis provides the information to the customer as to which region is the largest consumer and which is the fastest growing consumer.

 

The regional segmentation of the Electronic Shelf Label market is as follows:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Spain

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

 

The key players in the market have a major influence with their marketing plans to push the sales and hence consumption in the global Electronic Shelf Label market.

 

Some of the top players covered within the report include:

SES (imagotag)

Pricer

Samsung

E Ink

Displaydata

Opticon Sensors Europe B.V

DIGI

Hanshow Technology

LG innotek

Panasonic

Altierre

 

Purchase @ http://www.arcognizance.com/purchase/100215?license=single

 

The global Electronic Shelf Label market research report is a comprehensive study to analyze the Electronic Shelf Label market in terms of various market segmentations and their sub-segments such as regions, applications, product types, etc. for the forecast period. It focuses on the major players in the Electronic Shelf Label market in terms of the competition analysis, value, sales volumes, SWOT analysis, and detailed company profiles. The report further dwells into the various drivers, restraints, and trends in the market and their contribution in the Electronic Shelf Label market. The products’ individual growth analysis, future prospects, major influencing factors, risks, opportunities, regional performance and its analysis are all included in the Electronic Shelf Label market report. The mainstay of the global Electronic Shelf Label market research report for the customers is the competitive developments which include the new product launches, agreements, expansions, and the mergers and acquisitions in the Electronic Shelf Label market.

 

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