Electronic Shelf Label Market (ESL Market) Size to Reach Revenues of over $700 Million by 2020 - Arizton

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Jul 28, 2020, 09:00 ET

CHICAGO, July 28, 2020 /PRNewswire/ -- Electronic shelf label market size is expected to grow at a CAGR of over 26% during the period 2019−2025.

Key Highlights Offered in the Report:

By technology type, the RFID accounted for over 35% of the market share in revenue owing to the seamless communication feature.
E-paper dominated the market in 2019 and is likely to add over $1.3 billion by 2025.
The growth and adoption of NFC technology is expected to be a gamechanger in the ESL market.
Over 350 million units of ESLs are expected to be installed in supermarkets and hypermarkets in 2025.
France is considered to be the forerunner for ESL market that contributed over 30% of the European share in 2019 in unit shipments.
APAC is estimated to be the fastest growing market for installations with a CAGR of over 50% by 2025.

Key Offerings:

Market Size & Forecast by Revenue | 2019−2025
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by display, technology, end-users, and geography
Competitive Landscape – 5 key vendors and 22 other vendors

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Electronic Shelf Label Market – Segmentation

The LCD segment accounted for 37% of the total revenue in 2019. LCDs have been the most conventional mode of ESL in the market; they have been adopted in major economies of North America and Europe. Retailers continue to rely on LCDs as they are considered cost-effective.
NFC is the fastest-growing segment as the capability of facilitating contactless payments has driven the growth during the past five years. It has also become an inevitable option among vendors. The rise in smartphone penetration with NFC facilities has propelled the growth further.
In 2019, supermarkets and hypermarkets led the revenue contribution by contributing over 51% to the total share. Increasing shopping space, a growing number of SKUs, and intense competition e-commerce platforms are influencing retailers to rely on solutions such as QR code-enabled ESLs.

ESL Market by Display

LCD
E-paper

Segmented E-paper
Fully Graphic E-paper

ESL Market by Technology

RFID
IR
NFC
BLE
Others

ESL Market by End-users

Supermarkets & Hypermarkets
Departmental Stores
Convenience Stores
Drug Stores
Others

Electronic Shelf Label Market – Dynamics

ESLs are estimated to be a major opportunity in the retail IoT platform where retailers are expected to capitalize on their significance over the next five years. ESLs are becoming more advanced with the entry of new players in the market alongside leaders like SES-imagotag and Pricer. The latest generation e-papers have been an absolute gamechanger for retailers promoting their overall effectiveness and elevating customer satisfaction levels. Going forward, the competitive landscape in the global ESL market is estimated to be dominated by innovative solutions and technologies, thereby driving the retail automation market. Accordingly, the global retail automation market is expected to surpass revenues of $25 billion by 2026.

Key Drivers and Trends fueling Market Growth:

Demand for E-Paper Technology
Growth in Innovations & Development
Demand for Operational Efficiency & Profitability
Growth in NFC Technology

Electronic Shelf Label Market – Geography

The global ESL market is highly concentrated in developed nations whereas it is still a niche and fast-growing market in developing countries of APAC and Latin America. The market growth can be attributed to the presence of global vendors like Pricer and SES-imagotag in the European region and regional vendors in China and Japan. However, the growing market trends like dynamic pricing, operational excellence, retail automation, omnichannel retailing, and intense competition in the retail landscape are expected to stimulate growth across geographies over the next five years.

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ESL Market by Geography

North America

US
Canada

Europe

UK
Germany
France
Italy
Spain

APAC

China
Japan
South Korea
Australia
Singapore

Latin America

Brazil
Mexico

Middle East & Africa

South Africa
UAE
Saudi Arabia

Prominent Vendors

Pricer
SES-imagotag
Displaydata Limited
Hanshow Technology
Opticon

Other Prominent Vendors

Altierre
DIGI
E Ink
Samsung Electro-Mechanics (SEMCO)
CEST
LG Innotek ESL
NZ Electronic Shelf Labelling
Pervasive Displays Inc.
Dana Industries
ifLabel
Ubiik
Huawei
TroniTAG GmbH
SUNPAI INDUSTRIES
Diebold Nixdorf
M2COMM
Herbert Retail Limited
SoluM
Zkong
Rainus
MariElla

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence