Electronic Shelf Label Market Drivers, Industry Survey and Business Development Analysis till 2028

Posted on 2020-05-25 by researchinsights in Technology // 0 Comments

25th May 2020 – The Global Electronic Shelf Label Market is estimated to develop at a significant CAGR of 15.07% for the duration of the prediction. The arrangement of Electronic Shelf Label is an emergent structure utilized for exhibiting pricing of the products on shelves. The system of Electronic Shelf Label utilizes either electronic paper [E-paper] or Liquefied-Crystal Display [LCD] to display the pricing of the product to the buyer. It utilizes grids of wireless communication for example infrared machinery and radio for interconnecting with the back-end databank.

Furthermore, by means of support of wireless communication, the system permits to inform product data similar to the price in the interior of the store. These labels are likewise utilized to display graphical imaging to the clienteles. The development of the market is mostly motivated by increasing demand from shops for speedy, safe, and price effective arrangement for the labelling of the price. The progress of the market is additionally reinforced by the increasing demand for the supple and speedy price informing of the products. The growing placement in marketing shopping centers, estimated to increase the progress of the market for the duration of the prediction.

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Yet, the requirement of the greater investment for the setting up of electronic shelf labels is a most important worry and projected to hamper the progress of the market. Furthermore, difficult combination amongst the software and the hardware, likely to decrease the acceptance of the arrangements.

The electronic shelf label market on the source of Type of Store could span Specialty Stores, Supermarkets, Non-Food Retail Stores, Hypermarkets and Additional Type of Stores. The market on the source of Type of Communication Technology could span Near Field Communication [NFC], Radio Frequency [RF], Infrared [IR] and Additional Technologies of Communication. The market on the source of Type of Product could span Full-Graphic E-Paper Electronic Shelf Label [ESL], Segmented E-Paper Electronic Shelf Label [ESL]. The market on the source of Type of Components could span Microprocessors, Batteries, Transceiver, Displays and Others.

Leading players of Electronic Shelf Label (ESL) including:

Store Electronic Systems
Pricer
Samsung Electro-Mechanics (SEMCO)
E Ink
Displaydata
Opticon Sensors Europe B.V
DIGI
Panasonic
Altierre
Hanshow
LG Innotek

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Market segment by Region/Country including:

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America Brazil, Argentina, Colombia and Chile etc.)
Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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