Electronic Shelf Label (ESL) Market is Projected to Reach US$ 1489.6 million by 2030, at a CAGR of 13.9%

The Global Electronic Shelf Label (ESL) Market study with 101+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2030. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are SES-imagotag (France), Pricer AB (Sweden), E Ink Holdings - Taiwan, Displaydata - United Kingdom, Samsung - South Korea, Altierre - United States, LG Innotek - South Korea, M2Communication - South Korea, Hanshow Technology - China, Panasonic - Japan.

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According to HTF Market Intelligence, The global Electronic Shelf Label (ESL) market was valued at 885.8 million in 2022 and is projected to reach US$ 1489.6 million by 2030, at a CAGR of 13.9% during the forecast period. The market is segmented by Global Electronic Shelf Label (ESL) Market Breakdown by Type (LCD, Segmented E-Paper, Full-Graphic E-Paper) by Component (Displays, Batteries, Transceiver, Microprocessors, Others) by Communication Technology (Radio Frequency, Infrared, Near Field Communication, Others) by Distribution Channel (Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores, Others)

Definition:
Digital displays called Electronic Shelf Labels (ESLs) are utilized in retail establishments to replace conventional paper price tags. They update and display current product information, including prices, promotions, and product details, wirelessly. They facilitate dynamic pricing methods, improve operational efficiency, and lower pricing errors. Efficiency in retail operations is a key factor driving demand for ESLs. By providing precise pricing and information, they facilitate quick price adjustments, aid with inventory control, and improve customer satisfaction. The switch from traditional labels to ESLs necessitates investments in hardware and infrastructure, which can be costly to install and impede market expansion.

A growth in the retail sector coupled with the surging number of hypermarkets/supermarkets is leading to the growing demand for electronic shelf life. Retail organizations equip themselves with the best strategies and latest technologies to get ahead in the pricing war. Yet, so far, few retailers have capitalized on the advantages offered them by leveraging data-driven price optimization coupled with electronic shelf labels (ESLs). electronic shelf labels will help retailers become better prepared for today and better positioned for tomorrow. When a retailer leverages ESLs to remove the manual limitation, they can realize a much faster ROI and substantially higher profit potential - up to 33% more profit value potential. Electronic Shelf Labels (ESLs) are on the rise in retail due to IoT expansion. Traditional ESL deployment is expensive. It uses wireless, and additional ESL networks that require separate maintenance systems. As per Huawei, ESL Lowers the Total Cost of Operation (TCO) by 30% and reduces Operations and Maintenance (O&M) costs by combining Wi-Fi and RFID into one converged network. Dynamic adjustment and updating improve inventory management and pricing accuracy.

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Players Included in Research Coverage: SES-imagotag (France), Pricer AB (Sweden), E Ink Holdings - Taiwan, Displaydata - United Kingdom, Samsung - South Korea, Altierre - United States, LG Innotek - South Korea, M2Communication - South Korea, Hanshow Technology - China, Panasonic - Japan

Additionally, Past Electronic Shelf Label (ESL) Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Electronic Shelf Label (ESL) market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.

Electronic Shelf Label (ESL)Product Types In-Depth: LCD, Segmented E-Paper, Full-Graphic E-Paper

Electronic Shelf Label (ESL) Major Applications/End users: Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores, Others

Electronic Shelf Label (ESL) Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the concerning individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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