 Global Electronic Shelf Label (ESL) Market Growth 2019-2024
      Global Electronic Shelf Label (ESL) Market Growth 2019-2024Electronic Shelf Label, also known by the acronym ESL. It is the latest solution for inventory and price management in the retail sector, based on the use of advanced IT technology. ESL replaces conventional paper price tags attached to the shelves of supermarkets and department stores with, for example, LCDs and electronic paper (E-paper) that show information on product price, sales promotions, etc.
ESL takes advantage of Zigbee, a low-power wireless communication technology, to keep product prices updated in real time. ESL consists of an e-paper equipped tag and gateway which delivers product information. The central server transmits information of each product to the gateway, which in turn sends such information to thousands of tags at the same time.
An electronic shelf label includes a transceiver configured to communicate with a plurality of wireless data tags associated with a plurality of retail products.
At present, in developed countries, the Electronic Shelf Label (ESL) industry is generally at a more advanced level. The world's largest enterprises are mainly concentrated in Europe. Meanwhile, foreign companies have more advanced R & D capability and leading technical level. However, foreign companies’ manufacturing cost is relatively higher, compared with Asia companies.
In the coming years, Electronic Shelf Label (ESL) market is expected to witness the highest growth rate in the Asia-Pacific region, especially in China. China has about 100 thousand chain supermarket and the penetration rate of ESL is small.
Significant and lasting barriers make entry into this market difficult. These barriers include, but are not limited to: (i) product development costs; (ii) capital requirements; (iii) intellectual property rights; (iv) regulatory requirement; and (v) Transitions’ unfair methods of competition.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
According to this study, over the next five years the Electronic Shelf Label (ESL) market will register a 20.2% CAGR in terms of revenue, the global market size will reach US$ 1880 million by 2024, from US$ 630 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Electronic Shelf Label (ESL) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Shelf Label (ESL) market by product type, application, key manufacturers and key regions and countries.
This study considers the Electronic Shelf Label (ESL) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
    Standard (1-3 inch)
    Mid-Large (3.1-7 inch)
    Large (7.1-10 inch)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
    Department Stores/Mass Merchandise
    Grocery/Supermarket
    Drug Stores
    Specialty Stores
    Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
        Spain
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
    SES (imagotag)
    Pricer
    Samsung
    E Ink
    Displaydata
    Opticon Sensors Europe B.V
    DIGI
    Hanshow Technology
    LG innotek
    Panasonic
    Altierre
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
    To study and analyze the global Electronic Shelf Label (ESL) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
    To understand the structure of Electronic Shelf Label (ESL) market by identifying its various subsegments.
    Focuses on the key global Electronic Shelf Label (ESL) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Electronic Shelf Label (ESL) with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the consumption of Electronic Shelf Label (ESL) submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.
Summary: 
Get latest Market Research Reports on  Electronic Shelf Label (ESL) . Industry analysis & Market Report on  Electronic Shelf Label (ESL)  is a syndicated market report, published as Global Electronic Shelf Label (ESL) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of  Electronic Shelf Label (ESL)  market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.