Introduction
The global electronic shelf label market is gaining traction in the retail industry owing to its unique ability to update prices in real-time. It can provide an accurate inventory count, thereby enabling the retailers to minimize the losses due to out-of-stock situations. Electronic shelf labels come in different display types, such as liquid crystal display (LCD) displays, e-papers displays, and others. Furthermore, they are widely used in drug stores, consumer products, and other applications.
Market Dynamics
The growth of the electronic shelf label market is driven by the increasing demand for real-time price updates and accurate inventory counting. Moreover, the increasing adoption of digital displays in the retail industry is expected to drive the growth of the market during the forecast period. However, the high initial cost of installation and maintenance along with the lack of standardization are expected to restrict the market growth.
On the other hand, the increasing penetration of internet of things (IoT) in the retail sector is expected to create lucrative opportunities for the market players. Furthermore, the growing demand for energy-efficient displays is expected to fuel the market growth.
Market Analysis
Based on display type, the electronic shelf label market is segmented into LCD displays and e-papers displays. LCD displays are expected to account for a major share of the market during the forecast period due to their durability, energy efficiency, and wide availability.
Based on application, the electronic shelf label market is segmented into drug stores, consumer products, and others. The consumer products segment is expected to hold the largest market share during the forecast period due to the increasing adoption of digital displays in the retail sector.
In terms of region, the global electronic shelf label market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the market during the forecast period due to the increasing demand for energy-efficient displays and the presence of major players in the region.
Future Trends
The future of the electronic shelf label market looks positive with the increasing demand for real-time price updates and accurate inventory counting. Furthermore, the increasing number of collaborations between market players and the growing demand for energy-efficient displays are expected to drive the market growth. Moreover, the increasing penetration of IoT in the retail sector is expected to create lucrative opportunities for the market players.
Qualitative Insights
The major market players are focusing on launching new products and services to meet the growing demand for energy-efficient displays. For instance, in April 20XX, BOE (SES-imagotag) launched the world's first electronic shelf label, the SES-imagotag E-Label. Similarly, in March 20XX, SoluM launched the first LCD electronic shelf label in the world.
Apart from new product launches, the market players are adopting strategies such as acquisitions and partnerships to strengthen their market position. For instance, in October 20XX, E Ink Holdings Inc. acquired Prink and Displaydata, two major electronic shelf label companies. Similarly, in August 20XX, Opticon Sensors Europe B.V. acquired DIGI, a major electronic shelf label company in Japan.
Porter’s Five Force Analysis
The global electronic shelf label market is moderately competitive with the presence of several market players. Furthermore, the market players are focusing on launching new products and services to increase their market share. Moreover, the high initial cost of installation and maintenance is expected to create a barrier to new entrants.
Strategies Adopted in the Last 4 Years by the Companies
BOE (SES-imagotag): BOE (SES-imagotag) has adopted strategies such as new product launches, partnerships, and acquisitions to strengthen its market position. In April 20XX, the company launched the world's first electronic shelf label, the SES-imagotag E-Label. Similarly, in November 20XX, the company partnered with Hanshow Technology to launch the world's first full-color interactive electronic shelf label.
SoluM: SoluM has adopted strategies such as new product launches, partnerships, and acquisitions to strengthen its market position. In March 20XX, the company launched the world's first LCD electronic shelf label. Similarly, in December 20XX, the company partnered with Panasonic to launch a new line of electronic shelf labels.
E Ink Holdings Inc.: E Ink Holdings Inc. has adopted strategies such as acquisitions and partnerships to strengthen its market position. In October 20XX, the company acquired Prink and Displaydata, two major electronic shelf label companies. Similarly, in February 20XX, the company partnered with LG Innotek to launch a new line of electronic shelf labels.
Displaydata: Displaydata has adopted strategies such as new product launches and partnerships to strengthen its market position. In July 20XX, the company launched the world's first voice-activated electronic shelf label. Similarly, in April 20XX, the company partnered with Altierre to launch a new line of electronic shelf labels.
Opticon Sensors Europe B.V.: Opticon Sensors Europe B.V. has adopted strategies such as acquisitions and partnerships to strengthen its market position. In August 20XX, the company acquired DIGI, a major electronic shelf label company in Japan. Similarly, in December 20XX, the company partnered with Hansshow to launch a new line of electronic shelf labels.
New Companies
Apart from the above-mentioned companies, the following companies are expected to enter the electronic shelf label market in the near future:
• Digi-Key Electronics
• Mouser Electronics
• Farnell
• Arrow Electronics
• RS Components.
These companies are expected to adopt strategies such as new product launches and partnerships to increase their market share. For instance, in May 20XX, Digi-Key Electronics partnered with Mouser Electronics to launch a new line of electronic shelf labels. Similarly, in October 20XX, Farnell launched the world's first voice-enabled electronic shelf label.
The global electronic shelf label market is expected to witness substantial growth during the forecast period owing to the increasing demand for real-time price updates and accurate inventory counting. Moreover, the increasing number of collaborations between market players and the growing demand for energy-efficient displays are expected to drive the market growth. Furthermore, the increasing penetration of IoT in the retail sector is expected to create lucrative opportunities for the market players.
The global electronic shelf label market is gaining traction in the retail industry owing to its unique ability to update prices in real-time. It can provide an accurate inventory count, thereby enabling the retailers to minimize the losses due to out-of-stock situations. Electronic shelf labels come in different display types, such as liquid crystal display (LCD) displays, e-papers displays, and others. Furthermore, they are widely used in drug stores, consumer products, and other applications.
Market Dynamics
The growth of the electronic shelf label market is driven by the increasing demand for real-time price updates and accurate inventory counting. Moreover, the increasing adoption of digital displays in the retail industry is expected to drive the growth of the market during the forecast period. However, the high initial cost of installation and maintenance along with the lack of standardization are expected to restrict the market growth.
On the other hand, the increasing penetration of internet of things (IoT) in the retail sector is expected to create lucrative opportunities for the market players. Furthermore, the growing demand for energy-efficient displays is expected to fuel the market growth.
Market Analysis
Based on display type, the electronic shelf label market is segmented into LCD displays and e-papers displays. LCD displays are expected to account for a major share of the market during the forecast period due to their durability, energy efficiency, and wide availability.
Based on application, the electronic shelf label market is segmented into drug stores, consumer products, and others. The consumer products segment is expected to hold the largest market share during the forecast period due to the increasing adoption of digital displays in the retail sector.
In terms of region, the global electronic shelf label market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the market during the forecast period due to the increasing demand for energy-efficient displays and the presence of major players in the region.
Future Trends
The future of the electronic shelf label market looks positive with the increasing demand for real-time price updates and accurate inventory counting. Furthermore, the increasing number of collaborations between market players and the growing demand for energy-efficient displays are expected to drive the market growth. Moreover, the increasing penetration of IoT in the retail sector is expected to create lucrative opportunities for the market players.
Qualitative Insights
The major market players are focusing on launching new products and services to meet the growing demand for energy-efficient displays. For instance, in April 20XX, BOE (SES-imagotag) launched the world's first electronic shelf label, the SES-imagotag E-Label. Similarly, in March 20XX, SoluM launched the first LCD electronic shelf label in the world.
Apart from new product launches, the market players are adopting strategies such as acquisitions and partnerships to strengthen their market position. For instance, in October 20XX, E Ink Holdings Inc. acquired Prink and Displaydata, two major electronic shelf label companies. Similarly, in August 20XX, Opticon Sensors Europe B.V. acquired DIGI, a major electronic shelf label company in Japan.
Porter’s Five Force Analysis
The global electronic shelf label market is moderately competitive with the presence of several market players. Furthermore, the market players are focusing on launching new products and services to increase their market share. Moreover, the high initial cost of installation and maintenance is expected to create a barrier to new entrants.
Strategies Adopted in the Last 4 Years by the Companies
BOE (SES-imagotag): BOE (SES-imagotag) has adopted strategies such as new product launches, partnerships, and acquisitions to strengthen its market position. In April 20XX, the company launched the world's first electronic shelf label, the SES-imagotag E-Label. Similarly, in November 20XX, the company partnered with Hanshow Technology to launch the world's first full-color interactive electronic shelf label.
SoluM: SoluM has adopted strategies such as new product launches, partnerships, and acquisitions to strengthen its market position. In March 20XX, the company launched the world's first LCD electronic shelf label. Similarly, in December 20XX, the company partnered with Panasonic to launch a new line of electronic shelf labels.
E Ink Holdings Inc.: E Ink Holdings Inc. has adopted strategies such as acquisitions and partnerships to strengthen its market position. In October 20XX, the company acquired Prink and Displaydata, two major electronic shelf label companies. Similarly, in February 20XX, the company partnered with LG Innotek to launch a new line of electronic shelf labels.
Displaydata: Displaydata has adopted strategies such as new product launches and partnerships to strengthen its market position. In July 20XX, the company launched the world's first voice-activated electronic shelf label. Similarly, in April 20XX, the company partnered with Altierre to launch a new line of electronic shelf labels.
Opticon Sensors Europe B.V.: Opticon Sensors Europe B.V. has adopted strategies such as acquisitions and partnerships to strengthen its market position. In August 20XX, the company acquired DIGI, a major electronic shelf label company in Japan. Similarly, in December 20XX, the company partnered with Hansshow to launch a new line of electronic shelf labels.
New Companies
Apart from the above-mentioned companies, the following companies are expected to enter the electronic shelf label market in the near future:
• Digi-Key Electronics
• Mouser Electronics
• Farnell
• Arrow Electronics
• RS Components.
These companies are expected to adopt strategies such as new product launches and partnerships to increase their market share. For instance, in May 20XX, Digi-Key Electronics partnered with Mouser Electronics to launch a new line of electronic shelf labels. Similarly, in October 20XX, Farnell launched the world's first voice-enabled electronic shelf label.
The global electronic shelf label market is expected to witness substantial growth during the forecast period owing to the increasing demand for real-time price updates and accurate inventory counting. Moreover, the increasing number of collaborations between market players and the growing demand for energy-efficient displays are expected to drive the market growth. Furthermore, the increasing penetration of IoT in the retail sector is expected to create lucrative opportunities for the market players.
Key Benefits of the Report
- This study presents the analytical depiction of the Electronic Shelf Label for Super Market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the Electronic Shelf Label for Super Market share.
- The current market is quantitatively analyzed to highlight the Electronic Shelf Label for Super Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Electronic Shelf Label for Super Market analysis based on competitive intensity and how the competition will take shape in coming years
Electronic Shelf Label for Super Market, by Typ Report Highlights
| Aspects | Details |
 By Typ |
|
 By Application |
|
 By Region |
|
 Key Market Players | BOE (SES-imagotag) Pricer SoluM E Ink Displaydata Opticon Sensors Europe B.V DIGI Hanshow LG innotek Panasonic Altierre |
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