Electronic Shelf Label Market (2021-2027): COVID-19 Scenario, Latest Updates, Growth Opportunities and Business Development Strategies | SES-imagotag,

A lead analyst at AMR highlighted that the full-graphic E-Paper segment is expected to grow at the highest CAGR during the forecast period.

Allied Market Research published a research report on the electronic shelf label (ESL) market. The findings of the report states that the global market for electronic shelf label generated $624.7 million in 2018, and is estimated to reach $2.40 billion by 2027, witnessing a CAGR of 15.9% from 2020 to 2027. The report provides detailed information on current market trends, key segments, key investment pockets, and competitive landscape for market players, shareholders, investors, and new entrants.

“By communication technology, the radio frequency segment dominated the electronic shelf label market, in terms of revenue. However, the full-graphic E-Paper segment is expected to grow at the highest CAGR during the forecast period. By component, the display segment is anticipated to dominate the market throughout the forecast period (2019–2026). Moreover, the healthcare segment dominates the overall electronic shelf label market. The companies are adopting innovative techniques to provide customers with advanced and innovated product offerings,” highlighted Ankit Prajapati, Lead Analyst, Semiconductor and Electronics at Allied Market Research.

The report provides a detailed analysis of drivers, restrains, and opportunities to assist market players in identifying strategies and tap on new opportunities. Changes in trends in retail automation, demand for business process optimization in retail sector, and rise in purchasing power of consumers led to growth of the global electronic shelf label market. However, high expenditure for installation of ESL and supportive infrastructure present challenges for the market growth. Contrarily, technological advancements, real-time data analysis, and potential of E-paper technology in untapped markets create new opportunities for market players.

The research provides an extensive scenario regarding the impact of the Covid-19 pandemic on the electronic shelf label market across the world. The demand for electronic shelf label decreased during the pandemic as hypermarkets, supermarkets, specialty stores, and others were closed. Production activities have been hindered due to lockdown imposed by governments of different countries. However, the demand is expected to rise during the post-lockdown as supply chain recovers and stores begin their operations in full capacity.

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The report offers a detailed analysis of segments of the global electronic shelf label market based on product type, component, display size, communication technology, store type, and region. This analysis is valuable for new entrants, investors, stakeholders, and market players for identifying the largest revenue generating and fastest growing segments and devising strategies for the next few years.

Based on product type, the report further segments the market into segmented E-Paper, LCD, and full-graphic E-paper. The full-graphic E-paper segment is projected to register the highest CAGR during the forecast period. By component, the research divides the global market into displays, batteries, transceiver, microprocessors, and others. Based on communication technology, the radio frequency segment accounted for the highest market share in 2018 and is estimated to maintain its leadership status during the forecast period. Based on region, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period and is estimated to maintain the highest market share during the forecast period.

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Leading players of the global electronic shelf label market analyzed in the research include Pricer, Samsung Electro-Mechanics, SES-imagotag, Displaydata Limited, E Ink Holdings, Diebold Nixdorf, Incorporation, Altieer Corporation, Panasonic Corporation, Clearink Display, SoluM Co. Ltd., and NCR Corporation.