The Asia Pacific Electronic Shelf Labels Market should witness market growth of 14.1% CAGR during the forecast period (2022-2028).
Due to its quick speed and enhanced information management, most consumers favor NFC technology over other digital breakthroughs like QR codes and Bluetooth. These NFC-capable gadgets assist in gathering user information, purchasing preferences, and commonly bought goods. This makes tailored marketing easier and encourages repeat business from clients. This element contributes to the market's growth.
Due to its ability to transmit data quickly and instantly across devices, which encourages businesses to include it in products, NFC technology is projected to grow. NFC technology is currently a feature that is incorporated into many smartphones and point-of-sale (POS) systems. The increasing usage of NFC in smartphones and other mobile devices, which speeds up POS transactions and enhances retail operations, is the main factor driving the need for NFC-enabled ELSs.
Several businesses in this region are starting to realize how connecting with smart devices like smartphones, and smartwatches may improve the shopping experience for their customers. China and other nations with high technology adoption rates will help the Internet of Things spread across the retail industry. Retail companies invest more money in developing creative retail locations to entice more consumers. Several factors are promoting artificial intelligence (AI) and the Internet of Things in the retail industry. India has also grown swiftly and is more receptive to integrating cutting-edge technology to support businesses. All of this will likely lead to an increase in the use of electronic shelf labels in the APAC region.
The China market dominated the Asia Pacific Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $221.3 Million by 2028. The Japan market is estimated to grow at a CAGR of 13.4% during (2022-2028). Additionally, The India market would exhibit a CAGR of 14.8% during (2022-2028).
Based on Component, the market is segmented into Display, Microprocessors, Batteries, Transceivers and Others. Based on Product Type, the market is segmented into Fully Graphic E-paper Displays, LCDs and Segmented E-paper Displays. Based on Communications Technology, the market is segmented into Radio Frequency, Infrared, Near-field Communication and Others. Based on Application, the market is segmented into Retail and Industrial. Based on Display Size, the market is segmented into Less than 3 Inches, 3 to 7 Inches, 7 to 10 Inches and More than 10 Inches. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SES-Imagotag (BOE Technology Group Co., Ltd.), Opticon Sensors Europe B.V., Pricer AB, Displaydata Limited, M2Comm, Rainus Co., Ltd., Shanghai Sunmi Technology Co., Ltd., Hanshow Technology Co. Ltd., Solum Co., Ltd, and Teraoka Seika Co., Ltd.
Due to its quick speed and enhanced information management, most consumers favor NFC technology over other digital breakthroughs like QR codes and Bluetooth. These NFC-capable gadgets assist in gathering user information, purchasing preferences, and commonly bought goods. This makes tailored marketing easier and encourages repeat business from clients. This element contributes to the market's growth.
Due to its ability to transmit data quickly and instantly across devices, which encourages businesses to include it in products, NFC technology is projected to grow. NFC technology is currently a feature that is incorporated into many smartphones and point-of-sale (POS) systems. The increasing usage of NFC in smartphones and other mobile devices, which speeds up POS transactions and enhances retail operations, is the main factor driving the need for NFC-enabled ELSs.
Several businesses in this region are starting to realize how connecting with smart devices like smartphones, and smartwatches may improve the shopping experience for their customers. China and other nations with high technology adoption rates will help the Internet of Things spread across the retail industry. Retail companies invest more money in developing creative retail locations to entice more consumers. Several factors are promoting artificial intelligence (AI) and the Internet of Things in the retail industry. India has also grown swiftly and is more receptive to integrating cutting-edge technology to support businesses. All of this will likely lead to an increase in the use of electronic shelf labels in the APAC region.
The China market dominated the Asia Pacific Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $221.3 Million by 2028. The Japan market is estimated to grow at a CAGR of 13.4% during (2022-2028). Additionally, The India market would exhibit a CAGR of 14.8% during (2022-2028).
Based on Component, the market is segmented into Display, Microprocessors, Batteries, Transceivers and Others. Based on Product Type, the market is segmented into Fully Graphic E-paper Displays, LCDs and Segmented E-paper Displays. Based on Communications Technology, the market is segmented into Radio Frequency, Infrared, Near-field Communication and Others. Based on Application, the market is segmented into Retail and Industrial. Based on Display Size, the market is segmented into Less than 3 Inches, 3 to 7 Inches, 7 to 10 Inches and More than 10 Inches. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SES-Imagotag (BOE Technology Group Co., Ltd.), Opticon Sensors Europe B.V., Pricer AB, Displaydata Limited, M2Comm, Rainus Co., Ltd., Shanghai Sunmi Technology Co., Ltd., Hanshow Technology Co. Ltd., Solum Co., Ltd, and Teraoka Seika Co., Ltd.
Scope of the Study
By Component
- Display
- Microprocessors
- Batteries
- Transceivers
- Others
By Product Type
- Fully Graphic E-paper Displays
- LCDs
- Segmented E-paper Displays
By Communications Technology
- Radio Frequency
- Infrared
- Near-field Communication
- Others
By Application
- Retail
- Industrial
By Display Size
- Less than 3 Inches
- 3 to 7 Inches
- 7 to 10 Inches
- More than 10 Inches
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- SES-Imagotag (BOE Technology Group Co., Ltd.)
- Opticon Sensors Europe B.V.
- Pricer AB
- Displaydata Limited
- M2Comm
- Rainus Co., Ltd.
- Shanghai Sunmi Technology Co., Ltd.
- Hanshow Technology Co. Ltd.
- Solum Co., Ltd
- Teraoka Seika Co., Ltd.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electronic Shelf Labels Market, by Component
1.4.2 Asia Pacific Electronic Shelf Labels Market, by Product Type
1.4.3 Asia Pacific Electronic Shelf Labels Market, by Communications Technology
1.4.4 Asia Pacific Electronic Shelf Labels Market, by Application
1.4.5 Asia Pacific Electronic Shelf Labels Market, by Display Size
1.4.6 Asia Pacific Electronic Shelf Labels Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Electronic Shelf Labels Market
Chapter 4. Asia Pacific Electronic Shelf Labels Market by Component
4.1 Asia Pacific Display Market by Country
4.2 Asia Pacific Microprocessors Market by Country
4.3 Asia Pacific Batteries Market by Country
4.4 Asia Pacific Transceivers Market by Country
4.5 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Electronic Shelf Labels Market by Product Type
5.1 Asia Pacific Fully Graphic E-paper Displays Market by Country
5.2 Asia Pacific LCDs Market by Country
5.3 Asia Pacific Segmented E-paper Displays Market by Country
Chapter 6. Asia Pacific Electronic Shelf Labels Market by Communications Technology
6.1 Asia Pacific Radio Frequency Market by Country
6.2 Asia Pacific Infrared Market by Country
6.3 Asia Pacific Near-field Communication Market by Country
6.4 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Electronic Shelf Labels Market by Application
7.1 Asia Pacific Retail Market by Country
7.2 Asia Pacific Industrial Market by Country
Chapter 8. Asia Pacific Electronic Shelf Labels Market by Display Size
8.1 Asia Pacific Less than 3 Inches Market by Country
8.2 Asia Pacific 3 to 7 Inches Market by Country
8.3 Asia Pacific 7 to 10 Inches Market by Country
8.4 Asia Pacific More than 10 Inches Market by Country
Chapter 9. Asia Pacific Electronic Shelf Labels Market by Country
9.1 China Electronic Shelf Labels Market
9.1.1 China Electronic Shelf Labels Market by Component
9.1.2 China Electronic Shelf Labels Market by Product Type
9.1.3 China Electronic Shelf Labels Market by Communications Technology
9.1.4 China Electronic Shelf Labels Market by Application
9.1.5 China Electronic Shelf Labels Market by Display Size
9.2 Japan Electronic Shelf Labels Market
9.2.1 Japan Electronic Shelf Labels Market by Component
9.2.2 Japan Electronic Shelf Labels Market by Product Type
9.2.3 Japan Electronic Shelf Labels Market by Communications Technology
9.2.4 Japan Electronic Shelf Labels Market by Application
9.2.5 Japan Electronic Shelf Labels Market by Display Size
9.3 India Electronic Shelf Labels Market
9.3.1 India Electronic Shelf Labels Market by Component
9.3.2 India Electronic Shelf Labels Market by Product Type
9.3.3 India Electronic Shelf Labels Market by Communications Technology
9.3.4 India Electronic Shelf Labels Market by Application
9.3.5 India Electronic Shelf Labels Market by Display Size
9.4 South Korea Electronic Shelf Labels Market
9.4.1 South Korea Electronic Shelf Labels Market by Component
9.4.2 South Korea Electronic Shelf Labels Market by Product Type
9.4.3 South Korea Electronic Shelf Labels Market by Communications Technology
9.4.4 South Korea Electronic Shelf Labels Market by Application
9.4.5 South Korea Electronic Shelf Labels Market by Display Size
9.5 Singapore Electronic Shelf Labels Market
9.5.1 Singapore Electronic Shelf Labels Market by Component
9.5.2 Singapore Electronic Shelf Labels Market by Product Type
9.5.3 Singapore Electronic Shelf Labels Market by Communications Technology
9.5.4 Singapore Electronic Shelf Labels Market by Application
9.5.5 Singapore Electronic Shelf Labels Market by Display Size
9.6 Malaysia Electronic Shelf Labels Market
9.6.1 Malaysia Electronic Shelf Labels Market by Component
9.6.2 Malaysia Electronic Shelf Labels Market by Product Type
9.6.3 Malaysia Electronic Shelf Labels Market by Communications Technology
9.6.4 Malaysia Electronic Shelf Labels Market by Application
9.6.5 Malaysia Electronic Shelf Labels Market by Display Size
9.7 Rest of Asia Pacific Electronic Shelf Labels Market
9.7.1 Rest of Asia Pacific Electronic Shelf Labels Market by Component
9.7.2 Rest of Asia Pacific Electronic Shelf Labels Market by Product Type
9.7.3 Rest of Asia Pacific Electronic Shelf Labels Market by Communications Technology
9.7.4 Rest of Asia Pacific Electronic Shelf Labels Market by Application
9.7.5 Rest of Asia Pacific Electronic Shelf Labels Market by Display Size
Chapter 10. Company Profiles
10.1 SES-Imagotag (BOE Technology Group Co., Ltd.)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Recent strategies and developments:
10.1.4.1 Partnerships, Collaborations, and Agreements:
10.1.4.2 Product Launches and Product Expansions:
10.2 Opticon Sensors Europe B.V.
10.2.1 Company Overview
10.2.2 Recent strategies and developments:
10.2.2.1 Partnerships, Collaborations, and Agreements:
10.3 Pricer AB
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expense
10.4 Displaydata Limited
10.4.1 Company Overview
10.4.2 Recent strategies and developments:
10.4.2.1 Product Launches and Product Expansions:
10.5 M2Comm
10.5.1 Company Overview
10.6 RAINUS Co., Ltd.
10.6.1 Company Overview
10.7 Shanghai Sunmi Technology Co., Ltd
10.7.1 Company Overview
10.8 Hanshow Technology Co. Ltd
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Partnerships, Collaborations, and Agreements:
10.8.2.2 Product Launches and Product Expansions:
10.9 Solum Co., Ltd
10.9.1 Company Overview
10.10. Teraoka Seika Co., Ltd.
10.10.1 Company Overview
Companies Mentioned
- SES-Imagotag (BOE Technology Group Co., Ltd.)
- Opticon Sensors Europe B.V.
- Pricer AB
- Displaydata Limited
- M2Comm
- Rainus Co., Ltd.
- Shanghai Sunmi Technology Co., Ltd.
- Hanshow Technology Co. Ltd.
- Solum Co., Ltd
- Teraoka Seika Co., Ltd.
Methodology
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