The global electronic shelf label market size is expected to reach USD 4.79 Billion in 2032 and register a steady revenue CAGR of 13.8% over the forecast period, according to latest analysis by Emergen Research. High demand for price optimization from retailers can be attributed to steady revenue growth of the global electronic shelf label market. Retailers still need to act after receiving real-time pricing update or input. The advantages of dynamic pricing are constrained by the frequency of price adjustments. Electronic Shelf Labels (ESLs) are effective and offer significant cost and labor savings. Cost for printing tags and labels is obsolete and time and manual effort for changing price tags is not required. Also, as AI price optimization is used, the opportunities double. According to research, a retailer can get a far faster Return on Investment (ROI) and significantly higher profit potential, up to 33% more profit value potential, when they use ESLs to remove the manual restriction on how many price adjustments they can accept.
Electronic Shelf Label uncovers the value at which the Electronic Shelf Label industry is projected to grow during the forecast period, 2023 to 2032. The prime objective of this study is to offer a detailed assessment of the Electronic Shelf Label business based on type, sector as well as geography. The researchers analysing different elements associated with the business further offer extensive data regarding various factors such as opportunities, drivers, restraints and challenges influencing the growth rate of the Electronic Shelf Label industry.
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The global Electronic Shelf Label industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
SES-Imagotag, Solum, Pricer, Displaydata Limited, Teraoka Seiko Co., Ltd., M2Comm, Opticon Sensors Europe B.V., Rainus, Shanghai SUNMI Technology Co., Ltd., Hanshow Technology
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Electronic Shelf Label market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Electronic Shelf Label market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Electronic Shelf Label market.
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Market Segmentations of the Electronic Shelf Label Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Electronic Shelf Label market on the basis of product, application, and region:
Segments Covered in this report are:
- Component Outlook (Revenue, USD Billion; 2019–2032)
- Product Type Outlook (Revenue, USD Billion; 2019–2032)
- Liquid Crystal Displays
- Segmented E-Paper Displays
- Fully Graphic E-Paper Displays
- Communications Technology Outlook (Revenue, USD Billion; 2019–2032)
- Radio Frequency
- Near-Field Communication
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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