The global electronic shelf labels ESL market is projected to reach USD 2.06 billion by 2028 from USD 0.89 billion in 2018, growing at a CAGR of 17.2% during the forecast period (2019-2028). The major factors driving this growth are the increasing demand for self-checkout solutions and an increase in the adoption of digital technologies like QR codes and RFID tags that help retailers streamline their operations for increased efficiency.
Electronic shelf labels ESLs are a type of electronic labeling system. They function by using an RFID scanner to read the data stored on their surface, which then transmits this information wirelessly. This technology is currently used in retail stores for tracking inventory and keeping track of where shelves need restocking. Electronic shelf labels ESL are the barcodes that retailers display on the shelves of their stores. When customers scan these codes with a scanning device, they can view information about products such as pricing and product availability in real-time. This helps them make decisions faster than if they had to wait for assistance from staff members at retail stores.
On the basis of type, the ESL market is segmented into Lcd Esl, Segmented E-Paper Esl, Full-Graphic E-Paper.
It is the most commonly used electronic shelf label. It uses LCDs as a display and an infrared beam to transmit data from the system’s computer systems to ESL displays. The main advantage of these types is that they have good readability, which means they can be easily deciphered by shoppers without any problems.
The segmented E-paper ESLs are a new type of electronic shelf label that is in its infancy. The main advantage to these types is the fact they can be made into shapes like words, so it’s easier for shoppers to find what they want and need quickly without any problems. There have been some advancements with the technology used for segmented E-paper labels in recent years, such as more colors being available using this medium or LED lights which make them brighter than before but still not bright enough compared to Lcd Esls.
It is the most advanced type of ESL. It includes the widest range of up-to-date features such as bar code, RFID, NFC tags, and laser mark. It can be read from a distance with acuity equal to that found in print on paper label stock. The Full Graphic Label displays full graphics instead of just text only on an LCD display screen. This makes it possible to show pictures, animations, and video content to the ESL.
On the basis of application, electronic shelf labels are segmented into introduction, healthcare, logistics management, retail, manufacturing, automotive ESL.
Introduction application is the most commonly used ESLs in grocery stores or supermarkets to introduce a new product with its name, price, and picture on large billboards that are very visible at all angles of the store while walking through it without having to look for more information; this type of ESL has been introduced as another way for consumers to access nutritional facts about food products they may purchase.
Healthcare ESLs are used when the patient can see them while in bed or sitting up, this allows for a more interactive experience with their healthcare providers. A major challenge in the health sector is to automate processes. This can be done by using ESL for labeling medicines or other healthcare items that are not prescribed orally, such as syringes and needles. The use of electronic shelf labels brings about significant benefits including product identification accuracy and security (through encryption), reduction in medication errors, and improved efficiency with storage. Electronic tags have also been found to help increase compliance among patients with adherence to treatment regimens, which translates into less recurrence of diseases like diabetes and cardiovascular disease.
Logistics management application is focused on and optimized for managing products from one place to another within an organization. Electronic shelf labels are used in logistics to track the movement of products in a retail store. They help retailers manage their inventory, improve customer service and optimize space utilization.
Retail ESL has been introduced as a way of labeling goods that also have QR codes linking customers to videos about how they should be using these items. The ESLs are used in retail stores to show the price of products. Retailers use this technology for their own convenience and customers benefit from it as well because they can find out information about a product before buying them. When retailers want to promote specific products on sale, they may install an ESL that displays the promotional message.
Manufacturing ESLs provide information about assembly instructions and production dates which make it easier for employees who need access according to their specific roles whereas Fast-moving Consumer Goods ESLs shows the expiration dates of specific products, which helps customers make decisions.
ESL is used in automotive to provide drivers with clear and concise information as they drive, such as warning messages. It also provides directions for automated parking systems so that the driver can find a suitable space more quickly than if he or she were using their own judgment. For example, ESL uses an LCD screen for better visibility when driving at night or under bad weather conditions. The display may be backlit so it will still work even without power from other sources, like solar panels on top of cars' roofs. These features make ESL ideal for use by safety-conscious car manufacturers who are looking to reduce accidents related to poor vision among drivers caused by insufficient lighting while operating vehicles and being able to see well enough while driving during inclement weather.
On the basis of region, the global electronic shelf labels ESL market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Geographically North American region has the largest share owing to growing awareness about safety among consumers coupled with increasing numbers of manufacturing plants that are moving their production lines closer to where consumer products are actually consumed.
The global electronic shelf labels ESL market has been witnessing growth due to the rising adoption rate of new technologies like augmented reality and virtual reality which have thereby increased its usage across all sectors such as the healthcare logistics manufacturing industry etc., which have thereby increased its usage across all sectors. Manufacturers are adopting newer technology due to increasing trends among consumers who prefer products with innovative features. The emergence of IoT-driven solutions in the market has also increased the adoption of electronic shelf labels ESL.
Up Market Research published a new report titled “Electronic Shelf Labels ESL Market research report which is segmented by Types (Lcd Esl, Segmented E-Paper Esl, Full-Graphic E-Paper Esl), By Applications (Introduction, Healthcare, Logistics, Retail, Manufacturing, Automotive, Fast-Moving Consumer Goods), By Players/Companies Pricer(Sweden), SES-imagotag(France), Samsung Electro-Mechanics(South Korea), E Ink Holding(Taiwan), Displaydata(UK), M2Communication(Taiwan), Diebold Nixdorf(Germany), Opticon Sensors Europe(Netherlands)”.
|Report Attributes||Report Details|
|Report Title||Electronic Shelf Labels ESL Market Research Report|
|By Type||Lcd Esl, Segmented E-Paper Esl, Full-Graphic E-Paper Esl|
|By Application||Introduction, Healthcare, Logistics, Retail, Manufacturing, Automotive, Fast-Moving Consumer Goods|
|By Companies||Pricer(Sweden), SES-imagotag(France), Samsung Electro-Mechanics(South Korea), E Ink Holding(Taiwan), Displaydata(UK), M2Communication(Taiwan), Diebold Nixdorf(Germany), Opticon Sensors Europe(Netherlands)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||231|
|Number of Tables & Figures||162|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Lcd Esl, Segmented E-Paper Esl, Full-Graphic E-Paper Esl and By Application Introduction, Healthcare, Logistics, Retail, Manufacturing, Automotive, Fast-Moving Consumer Goods.
Some of the companies that are profiled in this report are:
Electronic Shelf Labels ESL Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Electronic Shelf Labels ESL Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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