Electronic Shelf Label Market

Electronic Shelf Label Market with Covid-19 Impact by Product Type (LCD, E-paper, Full-graphic E-paper), Communication (RF, IR, NFC), End User (Hypermarkets, Supermarkets, Specialty), Component, Display Size, and Geography - Global Forecast to 2026

Report Code: SE 4073 Jan, 2021, by marketsandmarkets.com

[215 Pages Report] The electronic shelf label market is estimated to be worth USD 826 million in 2021 and projected to reach USD 2,092 million by 2026, at a CAGR of 20.4%. The digitalization of stores and prevalence of retail automation trend, cost-effective and less time-consuming alternative to paper labels, high demand for price optimization among retail stores, increased operational efficiency with real-time product positioning are some of the prominent factors for the growth of the electronic shelf label market globally.

Electronic Shelf Labels Market

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COVID-19 Impact on the Global Electronic Shelf Label Market

The key manufacturers of electronic shelf labels, including SES-imagotag (France), Pricer (Sweden), and Displaydata (UK), have been impacted severely during the first and second quarters of 2020 owing to the outbreak and the spread of the COVID-19. For instance, the revenue of Pricer (Sweden) during the first quarter of the financial year 2020–21 witnessed a dip of ~13%. Similarly, the revenue of SES-imagotag (France) was impacted negatively by 2–3% during the same time period. The impact of the pandemic on small manufacturers of electronic shelf labels was severe during the first 2 quarters of the financial year 2020–21. However, the market is expected to witness a gradual recovery from the end of 2020 as governments across the world have lifted lockdown restrictions, and economic activities have resumed in most parts of the world, including in the retail sector as well.

By the end of 2020, the demand for electronic shelf labels such as liquid crystal displays, segmented e-paper, and full-graphic e-paper is expected to regain momentum, and gradual recovery of the electronic shelf label market is expected to take place from the first half of 2021 while reaching normalcy by the second half of 2021.

Electronic Shelf Label Market Dynamics

Driver: Digitalization of stores and prevalence of retail automation trend

The adoption of automation in the retail industry has increased at a significant rate attributed to the growing competition, introduction of new channels to supply goods, increasing investments in the e-commerce market, and rising wages. Technologies such as electronic shelf labels, self-checkout terminals, self-checking robots, and automated backroom unloading have proved successful at a scale in the retail industry and provided significant returns to the retailers. Store digitization is here to stay for a long time, as companies are increasingly investing in technologies to enhance the consumer shopping experience. The retailers across the world are providing high flexibility to the shoppers in the entire buying process, and smooth transition between the digital and physical shopping platforms is gaining importance. Moreover, consumers across the globe are becoming price-sensitive and more informed about the price, which has increased the need to make fast or daily price adjustments for the store owners.

Restraint: High expenses of installation and supporting infrastructures

The deployment of ESL technology might seem costly for unorganized retailers, as a retailer needs to implement additional shelves that are electrified to be eligible for ESL tags or be compatible with ESLs, which, in turn, increases installation expenses. In addition, retailers/companies always analyze the benefits of any technology before deploying it, especially with regard to their investments and time taken for the return on investment (ROI). For an unorganized retail market in economically developing countries, such as South Korea and India, the cost of technology is a major restraint as the deployment of these labels also demands the supporting infrastructure, which calls for large investments from small- and medium-scale retailers. The retail industry in India is in its nascent stage; additionally, the population lacks the knowledge of the principles of modern retailing. In these markets, retailers are not willing to invest much in the technology because the operational cost for modern retailing is already high; for instance, high rentals, expensive manpower, and price wars lead to increased costs. Although the use of electronic price tags is beneficial, the initial cost of electronic price tags is expensive and not feasible for installation in all retail stores. Therefore, high installation expenses are likely to hinder the market throughout the forecast period.

Opportunity: Shift from manual to automated operations in retail industry

The retail industry has shown promising growth across the world due to its shift from manual to automated operations. According to the MarketsandMarkets analysis, the global retail automation market is expected to be worth USD 18.99 billion by 2023, growing at a CAGR of 10.96% during the forecast period. Retailers in developed countries such as Germany, France, the US, and Singapore have successfully adopted retail automation solutions to cater to the increasing number of consumers belonging to the middle class.  Automated solutions such as ESLs are widely used in developed countries; however, a few developing or under-developed countries such as Sweden, Norway, and South Korea have begun to include ESLs in their retail sector, owing to the high growth opportunities in the retail automation market. Various countries, including India, North Korea, and New Zealand, are untapped markets for ESLs and thus hold significant opportunities for these providers.

Challenge:  Cheap labor costs in economically developing countries

The availability of labor at low prices in economically developing countries—such as India, South Korea, China, and South Africa—is significantly restricting the adoption of automation solutions in the retail industry operating in these countries. The automation of retail space has little to no economic value in these countries, as cheap labor is abundant and readily available. The adoption of retail automation solutions, such as ESLs, in retail stores, mandates the upgrading of existing infrastructure, thereby increasing the total installation expenses. In addition, the ESLs deployed in a retail space communicate through NFC, which is the preferable means of communication within the store, among other communication technologies. NFC-based apps and infrastructure are costly, and thus, retailers prefer manual operations across their stores rather than upgrading the stores with ESLs.

Hypermarkets held the major market share in the electronic shelf label market in 2020 and is expected to dominate the market during the forecast period

The presence of a large number of hypermarkets in North America and Europe has fueled the adoption of electronic shelf labels by retailers in these regions to enhance their operational efficiency and carry out cost optimization, along with significant improvements in response time to customers. The hypermarkets segment is projected to account for the largest size of the electronic shelf market for retail from 2021 to 2026. The growth of this segment can be attributed to the complications associated with managing large stores manually. Thus, electronic shelf labels are being increasingly adopted in hypermarkets for simplifying store operations. The use of these labels allows hypermarkets to update the prices and other product-related information in less time. Electronic shelf labels support the real-time product positioning strategy that helps in the smooth functioning of giant retailers, such as Walmart (US), Kroger (US), Kohl's (US), Tesco (UK), Carrefour (France), and Cora Hypermarkets (France).

Near-field communication to grow at the highest CAGR during forecast period

The near-field communication segment of the electronic shelf label market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the near-field communication technology-based product developments and inclination of OEMs toward designing 2-way communication networks that ensure price integrity for retailers.

Europe held the largest market for the electronic shelf label in 2020  and is expected to dominate during the forecast period

Europe is estimated to hold the largest share of the electronic shelf label market in 2020, as countries such as Germany and France have been early adopters of electronic shelf labels in the region. Electronic shelf labels were first launched in France in 1991. Hence, Europe got a head start in the electronic shelf label market, and the region currently holds the largest share of the overall market. The electronic shelf label market is also growing at a significant rate in other regions of the world. North America is estimated to account for the second-largest share of the market in 2020.

Electronic Shelf Labels Market by Region

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Key Market Players

The major players in the electronic shelf label market are SES-imagotag(France), Pricer(Sweden), E Ink Holdings(Taiwan), Displaydata (UK), and M2Communication(Taiwan).

Scope of the report

Report Metric

Details

Market size available for years

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Million), and Volume (Million Units)

Segments covered

By Component, By Product Type, By Communication Technology, By Display Size and By End User

Geographies covered

North America, Europe, Asia Pacific, and Rest of World

Companies covered

A few of the major players in the electornic shefl label market SES-imagotag (France), Pricer (Sweden), E Ink Holdings (Taiwan), Displaydata (UK), M2Communication (Taiwan), Samsung Display Solutions (South Korea), Diebold Nixdorf (US), Opticon Sensors Europe (Netherlands), Teraoka Seiko (Japan), and NZ Electronic Shelf Labelling (New Zealand).

The study categorizes the electronic shelf label market based on component,  product type, display size, communication technology, end user at the regional and global level.

By Component

  • Displays
  • Batteries
  • Transceivers
  • Microprocessors
  • Others

By Product Type

  • Full-grpahic e-paper
  • Segmented e-paper
  • Liquid Crystal Displays

By Display Size

  • Less than 3 inches
  • 3 to 7 inches
  • 7 to 10 inches
  • More than 10 inches

By Communication Technology

  • Radio Frequency
  • Infrared
  • Near-field Communication
  • Others

By End User

  • Retail (Hypermarkets, Supermarkets, Non-food retail stores, Specialty Stores, Others)
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

Recent Developments

  • SES-imagotag and Qualcomm Technologies announced a strategic collaboration to develop next-generation retail IoT solutions. This collaboration will enable SES-imagotag to enhance its offerings to support the massive adoption of IoT technologies in retail stores.
  • Pricer launched Pricer Plaza, a new and enhanced architecture for smart retail in-store services and business models. This product launch will bring more sophistication to the offerings of Pricer in terms of retail automation
  • E Ink Holdings announced the expansion of its color e-paper offerings to address the applications within signage in retail, education, and consumer electronics. This product expansion will enable the company to enhance its product portfolio.
  • Displaydata and Ossia (US) announced a partnership to build wireless power advancements into Displaydata’s electronic shelf labels. This partnership will enable the company to make its systems technologically advanced for the future.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF STUDY
    1.2 DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 INCLUSIONS AND EXCLUSIONS
                    1.3.3.1 Inclusions and exclusions for component segment
                    1.3.3.2 Inclusions and exclusions for product type segment
                    1.3.3.3 Inclusions and exclusions for end user segment
                    1.3.3.4 Inclusions and exclusions for other segments
    1.4 YEARS CONSIDERED FOR STUDY
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
                    FIGURE 1 RESEARCH PROCESS
                    FIGURE 2 ELECTRONIC SHELF LABEL MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key participants in primary processes across value chain of electronic shelf label market
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
                    2.1.2.5 Key data from primary sources
    2.2 SECONDARY AND PRIMARY RESEARCH
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for obtaining market size using bottom-up analysis (demand side)
                            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for obtaining market size using top-down analysis (supply side)
                            FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 ELECTRONIC SHELF LABEL MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS
                 FIGURE 5 MARKET SIZE ESTIMATION: SUPPLY-SIDE APPROACH
           2.3.4 ELECTRONIC SHELF LABEL MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
                 FIGURE 6 MARKET SIZE ESTIMATION: DEMAND-SIDE APPROACH
    2.4 GROWTH RATE ASSUMPTIONS
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 51)
    3.1 POST-COVID-19: REALISTIC SCENARIO
    3.2 POST-COVID-19: OPTIMISTIC SCENARIO
    3.3 POST-COVID-19: PESSIMISTIC SCENARIO
        FIGURE 8 PRE- AND POST-COVID-19 SCENARIO ANALYSIS FOR ELECTRONIC SHELF LABEL MARKET, 2017–2026 (USD MILLION)
        FIGURE 9 FULL-GRAPHIC E-PAPER SEGMENT OF ELECTRONIC SHELF LABEL MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
        FIGURE 10 RADIO FREQUENCY SEGMENT TO HOLD LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FROM 2021 TO 2026
        FIGURE 11 DISPLAYS SEGMENT TO LEAD ELECTRONIC SHELF LABEL MARKET FROM 2021 TO 2026
        FIGURE 12 HYPERMARKETS SEGMENT TO HOLD LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FOR RETAIL FROM 2021 TO 2026
        FIGURE 13 EUROPE TO HOLD LARGEST SHARE OF ELECTRONIC SHELF LABEL MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRONIC SHELF LABEL MARKET
        FIGURE 14 ONGOING DIGITALIZATION OF STORES AND PREVAILING TREND OF RETAIL AUTOMATION WORLDWIDE TO FUEL GROWTH OF ELECTRONIC SHELF LABEL MARKET
    4.2 ELECTRONIC SHELF LABEL MARKET IN EUROPE, BY PRODUCT TYPE AND COUNTRY
        FIGURE 15 FULL-GRAPHIC E-PAPER SEGMENT AND FRANCE TO ACCOUNT FOR LARGEST SHARES OF ELECTRONIC SHELF LABEL MARKET IN EUROPE IN 2020
    4.3 ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE
        FIGURE 16 LESS THAN 3 INCHES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF ELECTRONIC SHELF LABEL MARKET IN 2021 AND 2026
    4.4 ELECTRONIC SHELF LABEL MARKET, BY PRODUCT TYPE
        FIGURE 17 FULL-GRAPHIC E-PAPER SEGMENT OF ELECTRONIC SHELF LABEL MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
    4.5 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY STORE TYPE
        FIGURE 18 HYPERMARKETS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF ELECTRONIC SHELF LABEL MARKET FOR RETAIL IN 2021 AND 2026
    4.6 ELECTRONIC SHELF LABEL MARKET, BY REGION
        FIGURE 19 EUROPE TO HOLD LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET IN 2026

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 20 PREVALENCE OF RETAIL AUTOMATION TO DRIVE GROWTH OF ELECTRONIC SHELF LABEL MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Digitalization of stores and prevalence of retail automation trend
                            FIGURE 21 RETAILERS SECTOR-WISE ACROSS WORLD, 2019
                    5.2.1.2 Cost-effective and less time-consuming alternative to paper labels
                    5.2.1.3 High demand for price optimization among retail stores
                    5.2.1.4 Increased operational efficiency with real-time product positioning
                            FIGURE 22 IMPACT ANALYSIS: DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High expenses of installation and supporting infrastructures
                    5.2.2.2 Lack of necessary infrastructure for wireless technology in developing regions
                            FIGURE 23 IMPACT ANALYSIS: RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Shift from manual to automated operations in retail industry
                            FIGURE 24 EXPECTED SURGE IN ADOPTION OF AUTOMATION TECHNOLOGY IN RETAIL SECTOR
                    5.2.3.2 Growth in emerging economies due to increasing retail automation
                            TABLE 1 GLOBAL RETAIL DEVELOPMENT INDEX, 2019
                    5.2.3.3 Digital disruptions to cause collaborations with new business models
                    5.2.3.4 E-commerce to influence brick and mortar stores to improve customer experience using automation
                            FIGURE 25 TOP 5 E-COMMERCE MARKETS, BY REVENUE, 2018
                            FIGURE 26 TOP 5 MARKETS FOR E-COMMERCE, BY TOTAL NUMBER OF ONLINE SHOPPERS, 2018
                            FIGURE 27 IMPACT ANALYSIS: OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Cheap labor costs in economically developing countries
                    5.2.4.2 Low margins of retailers hindering deployment of automation technology in stores
                            FIGURE 28 IMPACT ANALYSIS: CHALLENGES

6 INDUSTRY TRENDS (Page No. - 70)
    6.1 INTRODUCTION
    6.2 SUPPLY CHAIN ANALYSIS
        FIGURE 29 ELECTRONIC SHELF LABEL MARKET: SUPPLY CHAIN ANALYSIS
           6.2.1 COMPONENT/RAW MATERIAL SUPPLIERS
           6.2.2 ELECTRONIC SHELF LABEL VENDORS
           6.2.3 DISTRIBUTORS
           6.2.4 END USERS
    6.3 TECHNOLOGY TRENDS
           6.3.1 GROWING DEMAND FOR AI-POWERED DYNAMIC PRICING SOLUTIONS
           6.3.2 OPTIMIZING FUNCTIONS OF RETAIL STORES USING AI-DRIVEN SHELF MONITORING SOFTWARE
           6.3.3 DEPLOYING OF SELF-SCANNING SOLUTIONS TO ENRICH CUSTOMER EXPERIENCE
    6.4 AVERAGE SELLING PRICE ANALYSIS
        FIGURE 30 AVERAGE SELLING PRICE OF ELECTRONIC SHELF LABELS, BY DISPLAY SIZE, 2017–2026 (USD)
        TABLE 2 AVERAGE SELLING PRICE ANALYSIS OF ELECTRONIC SHELF LABELS, 2019 & 2026
        TABLE 3 ANALYSIS OF DEPLOYMENT COSTS OF ELECTRONIC SHELF LABELS PER 1,000 SQUARE METER IN RETAIL STORES
    6.5 CASE STUDIES: ELECTRONIC SHELF LABEL MARKET
           6.5.1 SES-IMAGOTAG: DEPLOYMENT OF ELECTRONIC SHELF LABELS OF SES-IMAGOTAG BY SPAR
                 TABLE 4 SES-IMAGOTAG ELECTRONIC SHELF LABEL SOLUTION
           6.5.2 DISPLAYDATA: USE OF ELECTRONIC SHELF LABELS OF DISPLAYDATA BY KAUFLAND
                 TABLE 5 DISPLAYDATA ELECTRONIC SHELF LABEL SOLUTION
           6.5.3 SES-IMAGOTAG: INSTALLATION OF ELECTRONIC SHELF LABELS BY MR. BRICOLAGE RETAIL CHAIN
                 TABLE 6 ELECTRONIC SHELF LABEL SOLUTION BY SES-IMAGOTAG
    6.6 LIST OF KEY PATENTS AND INNOVATIONS, 2007-2020
        TABLE 7 PATENT ANALYSIS FOR KEY COMPANIES IN ELECTRONIC SHELF LABEL MARKET
    6.7 ELECTRONIC SHELF LABEL MARKET: TRADE DATA
        TABLE 8 EXPORT DATA FOR ALL KINDS OF NON-PRINTED PAPER OR PAPERBOARD LABELS FROM 2015 TO 2019 (USD)
        TABLE 9 IMPORT DATA FOR ALL KINDS OF NON-PRINTED PAPER OR PAPERBOARD LABELS FROM 2015 TO 2019 (USD)
    6.8 ELECTRONIC SHELF LABEL MARKET ECOSYSTEM
        FIGURE 31 ELECTRONIC SHELF LABEL MARKET ECOSYSTEM

7 ELECTRONIC SHELF LABEL MARKET, BY COMPONENT (Page No. - 79)
    7.1 INTRODUCTION
        FIGURE 32 ELECTRONIC SHELF LABEL MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
        TABLE 10 ELECTRONIC SHELF LABEL MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
        TABLE 11 ELECTRONIC SHELF LABEL MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
        TABLE 12 ELECTRONIC SHELF LABEL MARKET FOR DISPLAYS, BY TYPE, 2017–2020 (USD MILLION)
        FIGURE 33 E-PAPER SEGMENT TO LEAD ELECTRONIC SHELF LABEL MARKET FOR DISPLAYS FROM 2021 TO 2026
        TABLE 13 ELECTRONIC SHELF LABEL MARKET FOR DISPLAYS, BY TYPE, 2021–2026 (USD MILLION)
        TABLE 14 ELECTRONIC SHELF LABEL MARKET FOR DISPLAYS, BY REGION, 2017–2020 (USD MILLION)
        TABLE 15 ELECTRONIC SHELF LABEL MARKET FOR DISPLAYS, BY REGION, 2021–2026 (USD MILLION)
    7.2 DISPLAYS
           7.2.1 DISPLAYS SEGMENT OF ELECTRONIC SHELF LABEL MARKET TO WITNESS HIGH GROWTH FROM 2021 TO 2026
                 TABLE 16 ELECTRONIC SHELF LABEL MARKET FOR E-PAPER DISPLAYS, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 17 ELECTRONIC SHELF LABEL MARKET FOR E-PAPER DISPLAYS, BY REGION, 2021–2026 (USD MILLION)
                 TABLE 18 ELECTRONIC SHELF LABEL MARKET FOR LCD, BY REGION, 2017–2020 (USD MILLION)
                 FIGURE 34 EUROPE TO ACCOUNT FOR LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FOR LCD FROM 2021 TO 2026
                 TABLE 19 ELECTRONIC SHELF LABEL MARKET FOR LCD, BY REGION, 2021–2026 (USD MILLION)
                 TABLE 20 ELECTRONIC SHELF LABEL MARKET FOR OTHER DISPLAYS, BY REGION, 2017–2020 (USD THOUSAND)
                 TABLE 21 ELECTRONIC SHELF LABEL MARKET FOR OTHER DISPLAYS, BY REGION, 2021–2026 (USD THOUSAND)
    7.3 BATTERIES
           7.3.1 AVERAGE BATTERY LIFE OF ELECTRONIC SHELF LABELS RANGES FROM 3.5 TO 5 YEARS
    7.4 TRANSCEIVERS
           7.4.1 TRANSCEIVERS ALLOW ELECTRONIC SHELF LABELS TO SEND AND RECEIVE SIGNALS FROM CENTRAL HUB COMPUTERS
    7.5 MICROPROCESSORS
           7.5.1 MICROPROCESSORS HELP TRANSCEIVERS PROCESS DATA RECEIVED FROM CENTRAL HUBS AND DISPLAY COMMUNICATED INFORMATION ON SCREENS
    7.6 OTHERS

8 ELECTRONIC SHELF LABEL MARKET, BY PRODUCT TYPE (Page No. - 88)
    8.1 INTRODUCTION
        FIGURE 35 ELECTRONIC SHELF LABEL MARKET, BY PRODUCT TYPE
        TABLE 22 ELECTRONIC SHELF LABEL MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
        TABLE 23 ELECTRONIC SHELF LABEL MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
    8.2 LIQUID CRYSTAL DISPLAYS
           8.2.1 COST-EFFECTIVENESS OF LIQUID CRYSTAL DISPLAY-BASED ELECTRONIC SHELF LABELS LEAD TO THEIR INCREASED GLOBAL DEMAND
                 TABLE 24 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY END USER, 2017–2020 (USD MILLION)
                 TABLE 25 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY END USER, 2021–2026 (USD MILLION)
                 TABLE 26 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
                 FIGURE 36 RADIO FREQUENCY SEGMENT TO ACCOUNT FOR LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS FROM 2021 TO 2026
                 TABLE 27 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
                 TABLE 28 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 29 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY REGION, 2021–2026 (USD MILLION)
                 TABLE 30 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY RETAIL STORE TYPE, 2017–2020 (USD MILLION)
                 FIGURE 37 NON-FOOD RETAIL STORES SEGMENT OF ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                 TABLE 31 ELECTRONIC SHELF LABEL MARKET FOR LIQUID CRYSTAL DISPLAYS, BY RETAIL STORE TYPE, 2021–2026 (USD MILLION)
    8.3 SEGMENTED E-PAPER
           8.3.1 LIMITED CHARACTER DISPLAY OFFERED BY SEGMENTED E-PAPER BASED ELECTRONIC SHELF LABELS REDUCING THEIR DEMAND IN RETAIL STORES
                 TABLE 32 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY END USER, 2017–2020 (USD MILLION)
                 TABLE 33 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY END USER, 2021–2026 (USD MILLION)
                 TABLE 34 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
                 TABLE 35 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
                 TABLE 36 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY REGION, 2017–2020 (USD MILLION)
                 FIGURE 38 ELECTRONIC SHELF LABEL MARKET IN APAC FOR SEGMENTED E-PAPER TO GROW HIGHEST CAGR FROM 2021 TO 2026
                 TABLE 37 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY REGION, 2021–2026 (USD MILLION)
                 TABLE 38 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY RETAIL STORE TYPE, 2017–2020 (USD MILLION)
                 TABLE 39 ELECTRONIC SHELF LABEL MARKET FOR SEGMENTED E-PAPER, BY RETAIL STORE TYPE, 2021–2026 (USD MILLION)
    8.4 FULL-GRAPHIC E-PAPER
           8.4.1 SURGED DEMAND FOR FULL-GRAPHIC E-PAPER BASED ELECTRONIC SHELF LABELS FROM TIER I AND TIER II RETAILERS
                 TABLE 40 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY END USER, 2017–2020 (USD MILLION)
                 FIGURE 39 RETAIL SEGMENT TO HOLD LARGE SIZE OF ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER IN 2021
                 TABLE 41 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY END USER, 2021–2026 (USD MILLION)
                 TABLE 42 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
                 TABLE 43 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
                 TABLE 44 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 45 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY REGION, 2021–2026 (USD MILLION)
                 TABLE 46 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY RETAIL STORE TYPE, 2017–2020 (USD MILLION)
                 TABLE 47 ELECTRONIC SHELF LABEL MARKET FOR FULL-GRAPHIC E-PAPER, BY RETAIL STORE TYPE, 2021–2026 (USD MILLION)

9 ELECTRONIC SHELF LABEL MARKET, BY COMMUNICATION TECHNOLOGY (Page No. - 101)
    9.1 INTRODUCTION
        FIGURE 40 ELECTRONIC SHELF LABEL MARKET, BY COMMUNICATION TECHNOLOGY
        TABLE 48 ELECTRONIC SHELF LABEL MARKET, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
        FIGURE 41 ELECTRONIC SHELF LABEL MARKET FOR NEAR-FIELD COMMUNICATION TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
        TABLE 49 ELECTRONIC SHELF LABEL MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
    9.2 RADIO FREQUENCY
           9.2.1 INCREASED GLOBAL ADOPTION OF RADIO FREQUENCY-BASED ELECTRONIC SHELF LABELS
                 TABLE 50 ELECTRONIC SHELF LABEL MARKET FOR RADIO FREQUENCY, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 51 ELECTRONIC SHELF LABEL MARKET FOR RADIO FREQUENCY, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                 TABLE 52 ELECTRONIC SHELF LABEL MARKET FOR RADIO FREQUENCY, BY END USER, 2017–2020 (USD MILLION)
                 TABLE 53 ELECTRONIC SHELF LABEL MARKET FOR RADIO FREQUENCY, BY END USER, 2021–2026 (USD MILLION)
    9.3 INFRARED
           9.3.1 INFRARED COMMUNICATION TECHNOLOGY OFFERS COST-EFFECTIVE WAY TO COMMUNICATE WITH ELECTRONIC SHELF LABELS
                 TABLE 54 ELECTRONIC SHELF LABEL MARKET FOR INFRARED, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 FIGURE 42 FULL-GRAPHIC E-PAPER SEGMENT OF ELECTRONIC SHELF LABEL MARKET FOR INFRARED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                 TABLE 55 ELECTRONIC SHELF LABEL MARKET FOR INFRARED, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                 TABLE 56 ELECTRONIC SHELF LABEL MARKET FOR INFRARED, BY END USER, 2017–2020 (USD MILLION)
                 TABLE 57 ELECTRONIC SHELF LABEL MARKET FOR INFRARED, BY END USER, 2021–2026 (USD MILLION)
    9.4 NEAR-FIELD COMMUNICATION
           9.4.1 NEAR-FIELD COMMUNICATION TECHNOLOGY-BASED ELECTRONIC SHELF LABELS ENABLE 2-WAY COMMUNICATION IN RETAIL STORES
                 TABLE 58 ELECTRONIC SHELF LABEL MARKET FOR NEAR-FIELD COMMUNICATION, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                 TABLE 59 ELECTRONIC SHELF LABEL MARKET FOR NEAR-FIELD COMMUNICATION, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                 TABLE 60 ELECTRONIC SHELF LABEL MARKET FOR NEAR-FIELD COMMUNICATION, BY END USER, 2017–2020 (USD MILLION)
                 FIGURE 43 RETAIL SEGMENT TO HOLD LARGE SIZE OF ELECTRONIC SHELF LABEL MARKET FOR NEAR-FIELD COMMUNICATION FROM 2021 TO 2026
                 TABLE 61 ELECTRONIC SHELF LABEL MARKET FOR NEAR-FIELD COMMUNICATION, BY END USER, 2021–2026 (USD MILLION)
    9.5 OTHERS
        TABLE 62 ELECTRONIC SHELF LABEL MARKET FOR OTHER COMMUNICATION TECHNOLOGIES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
        TABLE 63 ELECTRONIC SHELF LABEL MARKET FOR OTHER COMMUNICATION TECHNOLOGIES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
        TABLE 64 ELECTRONIC SHELF LABEL MARKET FOR OTHER COMMUNICATION TECHNOLOGIES, BY END USER, 2017–2020 (USD MILLION)
        TABLE 65 ELECTRONIC SHELF LABEL MARKET FOR OTHER COMMUNICATION TECHNOLOGIES, BY END USER, 2021–2026 (USD MILLION)

10 ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE (Page No. - 111)
     10.1 INTRODUCTION
          TABLE 66 ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE, 2017–2020 (USD MILLION)
          FIGURE 44 7 TO 10 INCHES SEGMENT OF ELECTRONIC SHELF LABEL MARKET TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
          TABLE 67 ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE, 2021–2026 (USD MILLION)
          TABLE 68 ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE, 2017–2020 (MILLION UNITS)
          TABLE 69 ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE, 2021–2026 (MILLION UNITS)
     10.2 LESS THAN 3 INCHES
             10.2.1 LESS THAN 3 INCHES ELECTRONIC SHELF LABELS WITNESS SIGNIFICANT GLOBAL DEMAND
                    TABLE 70 ELECTRONIC SHELF LABEL MARKET FOR LESS THAN 3 INCHES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                    FIGURE 45 LIQUID CRYSTAL DISPLAYS SEGMENT OF ELECTRONIC SHELF LABEL MARKET FOR LESS THAN 3 INCHES TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                    TABLE 71 ELECTRONIC SHELF LABEL MARKET FOR LESS THAN 3 INCHES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
     10.3 3 TO 7 INCHES
             10.3.1 3 TO 7 INCHES ELECTRONIC SHELF LABELS CARRY OUT 2-WAY COMMUNICATION TO ENHANCE SHOPPING EXPERIENCE OF CUSTOMERS
                    TABLE 72 ELECTRONIC SHELF LABEL MARKET FOR 3 TO 7 INCHES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                    TABLE 73 ELECTRONIC SHELF LABEL MARKET FOR 3 TO 7 INCHES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
     10.4 7 TO 10 INCHES
             10.4.1 7 TO 10 INCHES ELECTRONIC SHELF LABELS USE NEAR-FIELD COMMUNICATION TECHNOLOGY
                    TABLE 74 ELECTRONIC SHELF LABEL MARKET FOR 7 TO 10 INCHES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                    FIGURE 46 FULL-GRAPHIC E-PAPER SEGMENT OF ELECTRONIC SHELF LABEL MARKET FOR 7 TO 10 INCHES TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                    TABLE 75 ELECTRONIC SHELF LABEL MARKET FOR 7 TO 10 INCHES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
     10.5 MORE THAN 10 INCHES
             10.5.1 INCREASED USE OF MORE THAN 10 INCHES ELECTRONIC SHELF LABELS IN INDUSTRIAL APPLICATIONS TO DISPLAY INDUSTRIAL METRICS
                    TABLE 76 ELECTRONIC SHELF LABEL MARKET FOR MORE THAN 10 INCHES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                    TABLE 77 ELECTRONIC SHELF LABEL MARKET FOR MORE THAN 10 INCHES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)

11 ELECTRONIC SHELF LABEL MARKET, BY END USER (Page No. - 118)
     11.1 INTRODUCTION
          FIGURE 47 ELECTRONIC SHELF LABEL MARKET, BY END USER
          TABLE 78 ELECTRONIC SHELF LABEL MARKET, BY END USER, 2017–2020 (USD MILLION)
          TABLE 79 ELECTRONIC SHELF LABEL MARKET, BY END USER, 2021–2026 (USD MILLION)
          TABLE 80 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
          TABLE 81 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
     11.2 RETAIL
             11.2.1 IMPACT OF COVID-19 ON RETAIL SECTOR
                    TABLE 82 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                    TABLE 83 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                    TABLE 84 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
                    FIGURE 48 RADIO FREQUENCY SEGMENT TO HOLD LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FOR RETAIL FROM 2021 TO 2026
                    TABLE 85 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
                    TABLE 86 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 87 ELECTRONIC SHELF LABEL MARKET FOR RETAIL, BY REGION, 2021–2026 (USD MILLION)
             11.2.2 HYPERMARKETS
                        11.2.2.1 Increasing adoption of electronic shelf labels in hypermarkets to reduce their overall operational costs
                                 TABLE 88 ELECTRONIC SHELF LABEL MARKET FOR RETAIL HYPERMARKETS, BY REGION, 2017–2020 (USD MILLION)
                                 FIGURE 49 ELECTRONIC SHELF LABEL MARKET IN APAC FOR RETAIL HYPERMARKETS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
                                 TABLE 89 ELECTRONIC SHELF LABEL MARKET FOR RETAIL HYPERMARKETS, BY REGION, 2021–2026 (USD MILLION)
                                 TABLE 90 ELECTRONIC SHELF LABEL MARKET FOR RETAIL HYPERMARKETS, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                                 TABLE 91 ELECTRONIC SHELF LABEL MARKET FOR RETAIL HYPERMARKETS, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
             11.2.3 SUPERMARKETS
                        11.2.3.1 Dynamic pricing ability of electronic shelf labels in real-time attracting supermarkets to deploy Electronic Shelf Labels
                                 TABLE 92 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SUPERMARKETS, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                                 TABLE 93 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SUPERMARKETS, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                                 TABLE 94 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SUPERMARKETS, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 95 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SUPERMARKETS, BY REGION, 2021–2026 (USD MILLION)
             11.2.4 NON-FOOD RETAIL STORES
                        11.2.4.1 surged deployment of electronic shelf labels in non-food retail stores makes operation management easy in them
                                 TABLE 96 ELECTRONIC SHELF LABEL MARKET FOR NON-FOOD RETAIL STORES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                                 FIGURE 50 FULL-GRAPHIC E-PAPER SEGMENT TO HOLD LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FOR NON-FOOD RETAIL STORES IN 2021
                                 TABLE 97 ELECTRONIC SHELF LABEL MARKET FOR NON-FOOD RETAIL STORES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                                 TABLE 98 ELECTRONIC SHELF LABEL MARKET FOR NON-FOOD RETAIL STORES, BY REGION, 2017–2020 (USD MILLION)
                                 TABLE 99 ELECTRONIC SHELF LABEL MARKET FOR NON-FOOD RETAIL STORES, BY REGION, 2021–2026 (USD MILLION)
             11.2.5 SPECIALTY STORES
                        11.2.5.1 Specialty stores adopting electronic shelf labels to strengthen their single product marketing strategy
                                 TABLE 100 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SPECIALTY STORES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                                 TABLE 101 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SPECIALTY STORES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                                 TABLE 102 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SPECIALTY STORES, BY REGION, 2017–2020 (USD THOUSAND)
                                 FIGURE 51 EUROPE TO HOLD LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FOR RETAIL SPECIALTY STORES IN 2021
                                 TABLE 103 ELECTRONIC SHELF LABEL MARKET FOR RETAIL SPECIALTY STORES, BY REGION, 2021–2026 (USD THOUSAND)
             11.2.6 OTHER STORES
                    TABLE 104 ELECTRONIC SHELF LABEL MARKET FOR OTHER RETAIL STORES, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                    TABLE 105 ELECTRONIC SHELF LABEL MARKET FOR OTHER RETAIL STORES, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                    TABLE 106 ELECTRONIC SHELF LABEL MARKET FOR OTHER RETAIL STORES, BY REGION, 2017–2020 (USD THOUSAND)
                    TABLE 107 ELECTRONIC SHELF LABEL MARKET FOR OTHER RETAIL STORES, BY REGION, 2021–2026 (USD THOUSAND)
     11.3 INDUSTRIAL
             11.3.1 INCREASED USE OF ELECTRONIC SHELF LABELS IN INDUSTRIAL UNITS FOR EFFICIENT MANAGEMENT OF OPERATIONS AND PROPER PRODUCTION PLANNING
                    TABLE 108 ELECTRONIC SHELF LABEL MARKET FOR INDUSTRIAL, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
                    TABLE 109 ELECTRONIC SHELF LABEL MARKET FOR INDUSTRIAL, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
                    TABLE 110 ELECTRONIC SHELF LABEL MARKET FOR INDUSTRIAL, BY COMMUNICATION TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 111 ELECTRONIC SHELF LABEL MARKET FOR INDUSTRIAL, BY COMMUNICATION TECHNOLOGY, 2021–2026 (USD MILLION)
                    TABLE 112 ELECTRONIC SHELF LABEL MARKET FOR INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)
                    FIGURE 52 EUROPE TO HOLD LARGEST SIZE OF ELECTRONIC SHELF LABEL MARKET FOR INDUSTRIAL IN 2021
                    TABLE 113 ELECTRONIC SHELF LABEL MARKET FOR INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 137)
     12.1 INTRODUCTION
          FIGURE 53 ELECTRONIC SHELF LABEL MARKET, BY REGION
          FIGURE 54 GEOGRAPHIC SNAPSHOT OF ELECTRONIC SHELF LABEL MARKET FROM 2021 TO 2026
          TABLE 114 ELECTRONIC SHELF LABEL MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 115 ELECTRONIC SHELF LABEL MARKET, BY REGION, 2021–2026 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 55 SNAPSHOT OF ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA
          TABLE 116 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 117 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 118 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 119 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA FOR DISPLAYS, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 120 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA FOR DISPLAYS, BY END USER, 2017–2020 (USD MILLION)
          TABLE 121 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA, BY END USER, 2021–2026 (USD MILLION)
          TABLE 122 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA, BY DISPLAY TYPE, 2017–2020 (USD MILLION)
          TABLE 123 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA, BY DISPLAY TYPE, 2021–2026 (USD MILLION)
          TABLE 124 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
          TABLE 125 ELECTRONIC SHELF LABEL MARKET IN NORTH AMERICA FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Increasing interest among retailers in US for dynamic pricing of products to surge demand for electronic shelf labels
                                 TABLE 126 ELECTRONIC SHELF LABEL MARKET IN US FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
                                 TABLE 127 ELECTRONIC SHELF LABEL MARKET IN US FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.2.2 CANADA
                        12.2.2.1 Growing automation of retail outlets in Canada to spur demand for electronic shelf labels
                                 TABLE 128 ELECTRONIC SHELF LABEL MARKET IN CANADA FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
                                 TABLE 129 ELECTRONIC SHELF LABEL MARKET IN CANADA FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.2.3 MEXICO
                        12.2.3.1 Flourishing retail sector in Mexico expected to propel demand for electronic shelf labels in coming years
                                 TABLE 130 ELECTRONIC SHELF LABEL MARKET IN MEXICO FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
                                 TABLE 131 ELECTRONIC SHELF LABEL MARKET IN MEXICO FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
     12.3 EUROPE
          FIGURE 56 SNAPSHOT OF ELECTRONIC SHELF LABEL MARKET IN EUROPE
          TABLE 132 ELECTRONIC SHELF LABEL MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 133 ELECTRONIC SHELF LABEL MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 134 ELECTRONIC SHELF LABEL MARKET IN EUROPE, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 135 ELECTRONIC SHELF LABEL MARKET IN EUROPE, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 136 ELECTRONIC SHELF LABEL MARKET IN EUROPE, BY END USER, 2017–2020 (USD MILLION)
          TABLE 137 ELECTRONIC SHELF LABEL MARKET IN EUROPE, BY END USER, 2021–2026 (USD MILLION)
          TABLE 138 ELECTRONIC SHELF LABEL MARKET IN EUROPE FOR DISPLAYS, BY DISPLAY TYPE, 2017–2020 (USD MILLION)
          TABLE 139 ELECTRONIC SHELF LABEL MARKET IN EUROPE FOR DISPLAYS, BY DISPLAY TYPE, 2021–2026 (USD MILLION)
          TABLE 140 ELECTRONIC SHELF LABEL MARKET IN EUROPE FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
          TABLE 141 ELECTRONIC SHELF LABEL MARKET IN EUROPE FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.3.1 FRANCE
                        12.3.1.1 Surging adoption of electronic shelf labels by retailers in France
                                 TABLE 142 ELECTRONIC SHELF LABEL MARKET IN FRANCE FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
                                 TABLE 143 ELECTRONIC SHELF LABEL MARKET IN FRANCE FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.3.2 GERMANY
                        12.3.2.1 Expanding presence of large number of retail outlets in Germany to drive demand for electronic shelf labels in country
                                 TABLE 144 ELECTRONIC SHELF LABEL MARKET IN GERMANY FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
                                 TABLE 145 ELECTRONIC SHELF LABEL MARKET IN GERMANY FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.3.3 UK
                        12.3.3.1 Increasing number of partnerships between electronic shelf label providers and UK-based retailers
                                 TABLE 146 ELECTRONIC SHELF LABEL MARKET IN UK FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
                                 TABLE 147 ELECTRONIC SHELF LABEL MARKET IN UK FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.3.4 REST OF EUROPE
     12.4 APAC
          FIGURE 57 SNAPSHOT OF ELECTRONIC SHELF LABEL MARKET IN APAC
          TABLE 148 ELECTRONIC SHELF LABEL MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 149 ELECTRONIC SHELF LABEL MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 150 ELECTRONIC SHELF LABEL MARKET IN APAC, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 151 ELECTRONIC SHELF LABEL MARKET IN APAC, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 152 ELECTRONIC SHELF LABEL MARKET IN APAC, BY END USER, 2017–2020 (USD MILLION)
          TABLE 153 ELECTRONIC SHELF LABEL MARKET IN APAC, BY END USER, 2021–2026 (USD MILLION)
          TABLE 154 ELECTRONIC SHELF LABEL MARKET IN APAC FOR DISPLAYS, BY DISPLAY TYPE, 2017–2020 (USD MILLION)
          TABLE 155 ELECTRONIC SHELF LABEL MARKET IN APAC FOR DISPLAYS, BY DISPLAY TYPE, 2021–2026 (USD MILLION)
          TABLE 156 ELECTRONIC SHELF LABEL MARKET IN APAC FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
          TABLE 157 ELECTRONIC SHELF LABEL MARKET IN APAC FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.4.1 CHINA
                        12.4.1.1 Surging deployment of electronic shelf labels in retail stores across major cities of China
                                 TABLE 158 ELECTRONIC SHELF LABEL MARKET IN CHINA FOR RETAIL, BY STORE TYPE, 2017–2020 (USD THOUSAND)
                                 TABLE 159 ELECTRONIC SHELF LABEL MARKET IN CHINA FOR RETAIL, BY STORE TYPE, 2021–2026 (USD THOUSAND)
             12.4.2 JAPAN
                        12.4.2.1 Growing number of convenience stores, supermarkets, and departmental stores in Japan to contribute to demand for electronic shelf labels
                                 TABLE 160 ELECTRONIC SHELF LABEL MARKET IN JAPAN FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
                                 TABLE 161 ELECTRONIC SHELF LABEL MARKET IN JAPAN FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.4.3 SOUTH KOREA
                        12.4.3.1 Expanding reach of global electronic shelf label manufacturers in South Korea
                                 TABLE 162 ELECTRONIC SHELF LABEL MARKET IN SOUTH KOREA FOR RETAIL, BY STORE TYPE, 2017–2020 (USD THOUSAND)
                                 TABLE 163 ELECTRONIC SHELF LABEL MARKET IN SOUTH KOREA FOR RETAIL, BY STORE TYPE, 2021–2026 (USD THOUSAND)
             12.4.4 REST OF APAC
     12.5 ROW
          TABLE 164 ELECTRONIC SHELF LABEL MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
          TABLE 165 ELECTRONIC SHELF LABEL MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
          TABLE 166 ELECTRONIC SHELF LABEL MARKET IN ROW, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
          TABLE 167 ELECTRONIC SHELF LABEL MARKET IN ROW, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
          TABLE 168 ELECTRONIC SHELF LABEL MARKET IN ROW, BY END USER, 2017–2020 (USD MILLION)
          TABLE 169 ELECTRONIC SHELF LABEL MARKET IN ROW, BY END USER, 2021–2026 (USD MILLION)
          TABLE 170 ELECTRONIC SHELF LABEL MARKET IN ROW FOR DISPLAYS, BY DISPLAY TYPE, 2017–2020 (USD MILLION)
          TABLE 171 ELECTRONIC SHELF LABEL MARKET IN ROW FOR DISPLAYS, BY DISPLAY TYPE, 2021–2026 (USD MILLION)
          TABLE 172 ELECTRONIC SHELF LABEL MARKET IN ROW FOR RETAIL, BY STORE TYPE, 2017–2020 (USD MILLION)
          TABLE 173 ELECTRONIC SHELF LABEL MARKET IN ROW FOR RETAIL, BY STORE TYPE, 2021–2026 (USD MILLION)
             12.5.1 MIDDLE EAST AND AFRICA
                        12.5.1.1 Flourishing retail sector in Middle East and Africa to contribute to market growth in region
             12.5.2 SOUTH AMERICA
                        12.5.2.1 Ongoing urbanization and increasing focus of global players on retail sector of South America to fuel market growth in region

13 COMPETITIVE LANDSCAPE (Page No. - 166)
     13.1 INTRODUCTION
          FIGURE 58 KEY GROWTH STRATEGIES ADOPTED BY TOP COMPANIES IN ELECTRONIC SHELF LABEL MARKET FROM 2018 TO 2020
     13.2 ELECTRONIC SHELF LABEL MARKET SHARE ANALYSIS, 2019
          TABLE 174 SHARE OF COMPANIES IN ELECTRONIC SHELF LABEL MARKET, 2019
     13.3 HISTORICAL REVENUE ANALYSIS, 2015–2019
          FIGURE 59 HISTORICAL REVENUE ANALYSIS OF COMPANIES OFFERING ELECTRONIC SHELF LABELS, 2015–2019 (USD MILLION)
     13.4 COMPANY EVALUATION QUADRANT
             13.4.1 STAR
             13.4.2 PERVASIVE
             13.4.3 EMERGING LEADER
             13.4.4 PARTICIPANT
                    FIGURE 60 ELECTRONIC SHELF LABEL MARKET (GLOBAL) EVALUATION QUADRANT, 2020
             13.4.5 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS
                    FIGURE 61 PRODUCT FOOT PRINT ANALYSIS OF TOP PLAYERS IN ELECTRONIC SHELF LABEL MARKET
     13.5 STARTUP EVALUATION MATRIX
             13.5.1 PROGRESSIVE COMPANY
             13.5.2 RESPONSIVE COMPANY
             13.5.3 DYNAMIC COMPANY
             13.5.4 STARTING BLOCK
                    FIGURE 62 ELECTRONIC SHELF LABEL MARKET (GLOBAL) STARTUP EVALUATION MATRIX, 2020
     13.6 MARKET EVALUATION FRAMEWORK
          FIGURE 63 PRODUCT LAUNCHES/DEVELOPMENTS, PARTNERSHIPS, AND CONTRACTS WERE KEY STRATEGIES ADOPTED BY MARKET PLAYERS FROM 2018 TO 2020
     13.7 COMPETITIVE SITUATION AND TRENDS
             13.7.1 PRODUCT LAUNCHES
                    TABLE 175 PRODUCT LAUNCHES, 2018–2020
             13.7.2 DEALS
                    TABLE 176 DEALS IN ELECTRONIC SHELF LABEL MARKET, 2018–2020

14 COMPANY PROFILES (Page No. - 179)
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
             14.2.1 SES-IMAGOTAG
                    TABLE 177 SES-IMAGOTAG: BUSINESS OVERVIEW
                    FIGURE 64 SES-IMAGOTAG: COMPANY SNAPSHOT
             14.2.2 PRICER
                    TABLE 178 PRICER: BUSINESS OVERVIEW
                    FIGURE 65 PRICER: COMPANY SNAPSHOT
             14.2.3 E INK HOLDINGS
                    TABLE 179 E INK HOLDINGS: BUSINESS OVERVIEW
                    FIGURE 66 E INK HOLDINGS: COMPANY SNAPSHOT
             14.2.4 DISPLAYDATA
                    TABLE 180 DISPLAYDATA: BUSINESS OVERVIEW
             14.2.5 M2COMMUNICATION
                    TABLE 181 M2COMM: BUSINESS OVERVIEW
             14.2.6 SAMSUNG DISPLAY SOLUTIONS
                    TABLE 182 SAMSUNG DISPLAY SOLUTIONS: BUSINESS OVERVIEW
                    FIGURE 67 SAMSUNG DISPLAY SOLUTIONS: COMPANY SNAPSHOT
             14.2.7 DIEBOLD NIXDORF
                    TABLE 183 DIEBOLD NIXDORF: BUSINESS OVERVIEW
                    FIGURE 68 DIEBOLD NIXDORF: COMPANY SNAPSHOT
             14.2.8 OPTICON SENSORS EUROPE
                    TABLE 184 OPTICON SENSORS EUROPE: BUSINESS OVERVIEW
             14.2.9 TERAOKA SEIKO
                    TABLE 185 TERAOKA SEIKO: BUSINESS OVERVIEW
             14.2.10 NZ ELECTRONIC SHELF LABELLING
                     TABLE 186 NZ ELECTRONIC SHELF LABELLING: BUSINESS OVERVIEW
*Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View not be captured in case of unlisted companies.
     14.3 OTHER PLAYERS
             14.3.1 ADVANTECH
             14.3.2 LANCOM SYSTEMS
             14.3.3 SOLUM
             14.3.4 CLEARINK DISPLAYS
             14.3.5 HANSHOW TECHNOLOGY
             14.3.6 HERBERT RETAIL
             14.3.7 TRONITAG
             14.3.8 DALIAN SERTAG TECHNOLOGY
             14.3.9 MINEW
             14.3.10 TOPPAN PRINTING
             14.3.11 SUNMI TECHNOLOGY
             14.3.12 LABELNEST
             14.3.13 WUXI VISION PEAK TECHNOLOGY
             14.3.14 DIGETY
             14.3.15 HENDERSON TECHNOLOGY

15 APPENDIX (Page No. - 207)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

The research study involved 4 major activities in estimating the size of the electronic shelf label market. Exhaustive secondary research has been done to collect significant information on the electronic shelf label market, peer market, and parent market. The validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. Post which the market breakdown and data triangulation have been used to estimate the market sizes of segments and sub-segments.

Secondary Research

The secondary sources referred for this research study includes Retail Industry Leaders Association (RILA) (US), Global Retail Marketing Association (US), Federation of International Retail Association, Electronic Retailing Association (US), Global Retail Alliance (US), and Retailers Association of India (India).

In the electronic shelf label market report, the top-down as well as the bottom-up approaches have been used for the estimation and validation of the size of the electronic shelf label market, along with several other dependent submarkets. The major players in the electronic shelf label market were identified using extensive secondary research and their presence using primary and secondary research. All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the electronic shelf label market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions— North America, Europe, Asia Pacific (APAC), and the Rest of the World (The South America, Middle East, and Africa). Approximately 25% of the primary interviews have been conducted with the demand side and 75% with the supply side. These primary data have been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.

After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Electronic Shelf Labels Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the electronic shelf labelling market, as well as that of various other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Identifying various types of electronic shelf labels, which include liquid crystal displays, segmented e-paper, and full-graphic e-paper of various display sizes
  • Estimating installation volume of electronic shelf labels of different display sizes (less than 3 inches, 3 to 7 inches, 7 to 10 inches, and more than 10 inches) in retail stores and industrial applications across the world
  • Identifying average selling prices of electronic shelf labels of different display sizes (less than 3 inches, 3 to 7 inches, 7 to 10 inches, and more than 10 inches)
  • Estimating weighted average selling prices of electronic shelf labels
  • Tracking ongoing and identifying upcoming electronic shelf label deployment projects being carried out by various companies in each region, and forecasting the market size based on these developments and other critical parameters, including the impact of the COVID-19 on the electronic shelf label market
  • Estimating the global size of the electronic shelf label market based on the total number of electronic shelf labels deployed and weighted average selling price of these labels
  • Focusing research on the top line investments and spending by companies in the electronic shelf label market ecosystem and splitting them based on the installation of new electronic shelf labels, upgradation of existing electronic shelf labels, and identification of key developments in the key market areas
  • Gathering information related to revenues generated through the sales of electronic shelf label hardware, services, and software
  • Conducting multiple on-field discussions with the key opinion leaders of leading companies offering electronic shelf label hardware, services, and software.
  • Estimating geographic splits using secondary sources, based on various factors such as the number of players in a specific country and region, type of components used in electronic shelf labels, level of services offered, and type of software implemented in these labels

Electronic Shelf Labels Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the overall electronic shelf label market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the electronic shelf label market has been validated using both top-down and bottom-up approaches.

The main objectives of this study are as follows:

  • To define, describe, and forecast the electronic shelf label market, in terms of value and volume, by component, product type, display size, communication technology, end user and region
  • To forecast the market, for various segments with respect to 4 main regions— North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value and volume
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall electronic shelf label market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the electronic shelf label market growth
  • To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the electronic shelf label market
  • To study the complete value chain and allied industry segments, and perform a value chain analysis of the electronic shelf label market landscape
  • To map competitive intelligence based on company profiles, key player strategies, and key developments
  • To strategically profile key players, startups and comprehensively analyze their market ranking and core competencies2
  • To track and analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and research and development (R&D) in the electronic shelf label market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Country-wise breakdown of the market for all regions
  • Detailed analysis and profiling of additional 5 market players
COVID-19

Get in-depth analysis of the COVID-19 impact on the Electronic Shelf Label Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Electronic Shelf Label Market

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Report Code
SE 4073
Published ON
Jan, 2021
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