BENGALURU, September 19, 2017 /PRNewswire/ —
According to a new market research report “Electronic Shelf Label Market by geography (North America, South America, Europe, APAC, RoW); by product type (Public LCD ESLs, Segmented E-Paper ESLs, Full Graphic E-Paper ESLs); by end-user (Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores) – Outlook (2017-2021) by ResearchFox Consulting, the global Electronic Shelf Label Market is projected to reach USD 620 million by 2021, at a CAGR of 14.72% during the forecasted period.
Europe – Single biggest market in 2016; APAC expected to record highest adoption rate
Based on geography, the Electronic Shelf Label Market has been segmented into North America ESL Market, South America ESL Market, Europe ESL Market, APAC ESL Market and RoW ESL Market. Among these segments, Europe remains the biggest market for Electronic Shelf Labels due to the growing affinity of European customers towards seeing their retail stores technologically equipped and shopping friendly. While North America remains the second biggest market, APAC region is expected to witness greater rate of adoption of ESL solutions due to growing retail market in the region.
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Full Graphic E-Paper ESLs to gain popularity in the coming years
By product type, Electronic Shelf Label (ESL) market has been segmented into three main markets viz., the Public LCD ESL Market, Segmented E-Paper ESL Market and Full Graphic E-Paper ESL Market. The Public LCD ESLs have been in the market from the past many years. As a result, until now, this segment remains the biggest revenue generator among all. However, the ongoing technological advances in the industry has brought Full Graphic E-Paper ESLs to the forefront and the adoption rate of this segment is expected to be higher in the forecasted period
Supermarkets expected to become the biggest adopters of ESL solutions
The end-user market for ESL has been segmented into Hypermarket, Supermarket, Non-Food Retail Stores and Specialty Stores & Others. The hypermarket retail chain companies were the biggest consumers of ESL solutions in 2016. However, the growth in the numbers of supermarket chains and the increasing affordability factor would increase the adoption rate among the supermarket format retail stores soon.
Top Vendors of ESL Solutions
ResearchFox has identified and studied the major vendors of ESL and has come up with the market share of each of these vendors. The top vendors of Electronic Shelf Labels identified and discussed in this report include, Pricer AG (Sweden), SES-imagotag (France), LG Innotek (South Korea), E Ink Holdings (Taiwan), Diebold Nixdorf AG (Germany), Displaydata (UK), Hanshow Tecnology Co., Ltd. (China), Teraoka Seiko Co., Ltd. (DIGI) M2Communication Inc. (M2COMM) (Taiwan) and Altierre (USA). Majority of the vendors for ESL originate either from European or APAC region. However, North America is second most important market for these vendors after Europe.
Topics Covered in the Electronic Shelf Labels Market – Outlook (2017-21)
Introduction, Executive Overview, Research Methodology, Market Size and Growth, Competitive Landscape, Company Classification, Region Outlook, Market Metrics, Porter’s Five Forces Model, Analysis of Drivers, Constraints, Opportunities and Challenges, Market Segmentation and Study based on Geography, End-Users and Product Type.
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