Global Electronic Shelf Label Market worth USD 1,536.85 Million by 2024

Global Electronic Shelf Label Market worth USD 1,536.85 Million by 2024

Pune, India, March 08, 2019 -- /360iResearch/ -- The report "Global Electronic Shelf Label Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 380.55 million in 2017 and is projected to reach USD 1,536.85 million by 2024, growing at a CAGR of 22.07% from 2017 to 2024.

The major forces driving the growth of the electronic shelf label market include the drivers and enhanced operational efficiency and reduced pricing errors for customer. Moreover, regulation enforcement and the need for real-time product positioning and growing adoption of store automation in retail stores are also some of the factors that are driving the market growth. However high initial cost of installation and supporting infrastructure, and limited awareness and usefulness of electronic shelf label may hinder the market growth. In the middle of difficulty lies opportunity such as the potential in emerging economies due to growing retail automation, and technology advancements such as wi-fi, bluetooth low energy, zigbee, and z-wave. The possible challenges for the market growth is low labor cost in developing economies. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global electronic shelf label market is studied across Batteries, Displays, Microprocessors, and Transceivers. Based on product, the global electronic shelf label market is studied across E-Paper ESL, Full-Graphic E-Paper ESL, and LCD ESL. Based on store, the global electronic shelf label market is studied across Hypermarkets, Non-Food Retail Stores, Specialty Stores, and Supermarkets. Based on technology, the global electronic shelf label market is studied across Infrared, Near Field Communication, and Radio Frequency. Based on end user, the global electronic shelf label market is studied across Consumer Electronics, Drug Stores & Pharmacies, Retail Stores, and Spciality Stores. Based on geography, the global electronic shelf label market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the electronic shelf label market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Advantech U.S., Altierre, Diebold Nixdorf, Displaydata, E Ink Holdings, Forbix Semicon, Lancom Systems, M2communication, NZ Electronic Shelf Labelling, Opticon Sensors Europe, Pricer, Samsung Electro-Mechanics, Ses-Imagotag, Solum, and Teraoka Seiko.

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