Global Electronic Shelf Label Market Outlook and Forecast 2018-2023 - Emergence and Prominence of Omni-channel and Retail Reality

DUBLIN, March 7, 2018 /PRNewswire/ --

The "Electronic Shelf Label Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

The electronic shelf label (ESL) market is projected to reach revenues of more than $1,675 million and is expected to grow at a CAGR of over 28% during the forecast period.

The revolutionary changes in consumption patterns and trade flow across the world is propelling the growth of the electronic shelf label market. The economic development of different emerging countries such as India and China are attributing to the increase in retail consumption in these regions and driving the demand for technological innovations. The development of the retail industry with the advent of e-commerce and rising sale of consumables through stores, shopping marts, and supermarkets will have a positive impact on the global ESL market. The integration of latest technology to offer customers a seamless buying experience, increased range and assortment of goods, and added value in-store experience will create the demand in the electronic shelf label (ESL) market.

The urbanization, changing retail landscape, and rapid infrastructural expansion in emerging countries will augment the growth of the electronic shelf label (ESL) market. The advent of LED and e-paper displays and the usage of micro-displays in consumer applications will revolutionize the global electronic shelf market.

The emergence and prominence of omnichannel and retail reality are driving the growth of the global ESL market. The development of omnichannel retailing will allow vendors to offer integrated services online and in-store to provide seamless consumer experiences. Such development will boost customer engagement and improve consumer interaction levels boosting sales and promoting the development of the electronic shelf label market over the next few years.

The increasing penetration of the internet, smartphones, and the advent of social media is transforming the retail industry and encouraging vendors to introduce advanced technologies such as ESL in the global market. The usage of electronic shelf labels helps retailers display detailed product information and associated real-time promotions in the convenience of in-store shelf edges.

Market Dynamics

Market Growth Enablers

• Volatile Commodity Costs Necessitating Need for Dynamic Product Prices
• Declining Cost of Semiconductor Chips and Sensors
• Declining Prices of Micro-displays
• Imminent Retail Automation
• High ROIs
• Increased Consumer Expenditure in Emerging Economies
• Global Increase in Minimum Labor Wages

Market Growth Restraint

• High Fixed Costs Limit Adoption of ESL
• E-commerce to Challenge the Brick and Mortal Retailing Model
• Battery Life of Labels

Market Opportunities & Trends

• Emergence and Prominence of Omni-channel and Retail Reality
• Dynamic Pricing
• Guided Purchase Modeled on Consumer Behavior
• FDI to Disrupt Retail Environment in Emerging Countries
• SKU Proliferation Warranting Need for Smarter Inventory Management
• Rise in Environmental Awareness

The major vendors in the global market are:

• SES-imagotag
• Pricer
• Displaydata Ltd
• Altierre Corp
• DIGI

Other prominent vendors include:

• E-Ink Holdings Inc
• Samsung Electro Mechanics (SEMCO)
• Mirador Marketing
• CEST Ltd
• LG Innotak
• NZ Electronic Shelf Label
• Opticon Inc
• Hanshow Technology
• Pervasive Displays Inc. (PDI)
• Wincor Nixdorf

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

5 Report Assumptions & Caveats

6 Market at a Glance

7 Introduction

8 Market Dynamics

9 Global Electronic Shelf Labels (ESL) Market

10 ESL Market By Communication Technologies

11 ESL Market By Display Type

12 ESL Market By End-User

13 ESL Market By Geography

14 North America: ESL Market

15 EMEA: ESL Market

16 Europe: ESL Market

17 MEA: ESL Market

18 APAC: ESL Market

19 Latin America: ESL Market

20 Competitive Landscape

21 News and Developments

22 Key Company Profiles

23 Other Prominent Companies

24 Report Summary

25 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/khnzq2/global_electronic?w=5

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