Electronic Shelf Label (ESL) Market | Industry Share, Size, Growth, Top Companies and Forecast Report 2021-2026
According to the latest report of the IMARC group, entitled “Electronic Shelf Label (ESL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global market for electronic shelf labels has shown strong growth during the period 2015-2020. Looking ahead, IMARC Group expects the global electronic shelf tag market to grow at a pace 16.6% CAGR during 2021-2026.
The Electronic Gondola Label (ESL) is a mechanism that displays the price and offers related to the product. It is controlled by a server that uses a wireless communication network to transmit product information using low power radio frequency (RF), infrared or visible light technology through a designated gateway. ESL is widely used by retailers in hypermarkets, supermarkets and outlets to automatically change product information and replace the use of paper labels. Nowadays, the demand for ESL has increased worldwide due to the many benefits it offers, such as reducing labor costs, maintaining price integrity, increasing operational efficiency and inventory cost optimization.
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Market Trends and Drivers:
The global electronic shelf tag market is mainly driven by the rapid development of the retail automation industry. Additionally, the advent of new technologies, such as Wi-Fi, Near Field Communication (NFC), Radio Frequency (RF) and Bluetooth Low Energy (BLE), has prompted retailers to use ESL technology in a fully connected world. It provides flexibility to the buyer in the entire buying process and facilitates the transition between digital and physical shopping platforms. Additionally, the integration of fully graphic e-papers with ESL systems has led to the development of in-store communication solutions. Furthermore, rapid urbanization, emergence of Industry 4.0, and ongoing technological innovations are some of the other factors that are expected to significantly enhance the market growth in the coming years.
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/electronic-shelf-label-market
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Some of these key players include:
- Altierre Corporation
- Diebold Nixdorf, Incorporated
- DIGI System Gurgaon Pvt. ltd.
- Limited display data
- LG SNC
- DOO M2Communications
- Panasonic Company
- Pricer AB
- Samsung Group
- SES-imagotag SA
Breakdown by type:
- Liquid Crystal Display (LCD)
- Fully Graphical E-Paper
- Segmented E-Paper
Breakdown by component:
Breakdown by technology:
- Radio frequency
Breakdown by application:
- Supermarkets & Hypermarkets
- convenience stores
Breakdown by region:
- North America (USA, Canada)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Impact of COVID-19 on the market
- Porter’s Five Forces Analysis
- Historical, current and future market trends
- Market drivers and success factors
- SWOT analysis
- Market structure
- Value chain analysis
- Complete mapping of the competitive landscape
Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.
Also read the latest research reports from the IMARC group:
Online grocery market in Latin America: https://www.einpresswire.com/article/562731894/latin-america-online-grocery-market-2021-industry-overview-revenue-size-analysis-share-growth-demand-by-2026
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