The Europe Electronic Shelf Labels Market should witness market growth of 11.7% CAGR during the forecast period (2022-2028).
The retail industry has grown exponentially over the last several years, driven by changes in customer behavior, rising disposable incomes, and a growing convergence of online and offline retail formats. Retailers have had to adapt as consumers increasingly demand to stay relevant for their clients by changing their offerings, marketing strategies, presence, and appeal. The future transformation will be fueled by technology; therefore, merchants must invest in the necessary infrastructure and seek to upgrade their facilities.
In addition, technology will advance the sector, eliminating physical contact, from checkout-free to touch-free purchasing, merchandise, to transactions. Thus, the continued potential in the retail industry might significantly influence the deployment of ESLs.
Electronic product labels make it easier for customers to obtain product information and use NFC or mobile devices to make quick payments. Reading the label instructs the customer's phone to go to the product webpage for further details using built-in NFC. Also, the customer may pay instantly, eliminating the need to stand in line at the cash register. More people will embrace electronic labeling as retailers prioritize using digital technology to increase revenues.
The EU economy places great importance on retail and wholesale services. For practically every firm, digital transformation is a necessary development component, and contemporary retail needs it more than ever. By incorporating online storefronts, digital payments, and other products of innovation in the retail sector, retailers are enhancing the physical shopping experience with technology and opening up new income streams. To fight the region's fierce rivalry, grocery merchants employ AI technology. Kaufland, for example, uses dynamic pricing utilizing electronic shelf labels and AI to analyze vast quantities of data, including the prices of rivals, to adjust prices and create shop promotions instantaneously. This supports the growth of the regional market.
The Germany market dominated the Europe Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $209.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 10.8% during (2022-2028). Additionally, The France market would exhibit a CAGR of 12.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
The retail industry has grown exponentially over the last several years, driven by changes in customer behavior, rising disposable incomes, and a growing convergence of online and offline retail formats. Retailers have had to adapt as consumers increasingly demand to stay relevant for their clients by changing their offerings, marketing strategies, presence, and appeal. The future transformation will be fueled by technology; therefore, merchants must invest in the necessary infrastructure and seek to upgrade their facilities.
In addition, technology will advance the sector, eliminating physical contact, from checkout-free to touch-free purchasing, merchandise, to transactions. Thus, the continued potential in the retail industry might significantly influence the deployment of ESLs.
Electronic product labels make it easier for customers to obtain product information and use NFC or mobile devices to make quick payments. Reading the label instructs the customer's phone to go to the product webpage for further details using built-in NFC. Also, the customer may pay instantly, eliminating the need to stand in line at the cash register. More people will embrace electronic labeling as retailers prioritize using digital technology to increase revenues.
The EU economy places great importance on retail and wholesale services. For practically every firm, digital transformation is a necessary development component, and contemporary retail needs it more than ever. By incorporating online storefronts, digital payments, and other products of innovation in the retail sector, retailers are enhancing the physical shopping experience with technology and opening up new income streams. To fight the region's fierce rivalry, grocery merchants employ AI technology. Kaufland, for example, uses dynamic pricing utilizing electronic shelf labels and AI to analyze vast quantities of data, including the prices of rivals, to adjust prices and create shop promotions instantaneously. This supports the growth of the regional market.
The Germany market dominated the Europe Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $209.8 Million by 2028. The UK market is anticipated to grow at a CAGR of 10.8% during (2022-2028). Additionally, The France market would exhibit a CAGR of 12.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Electronic Shelf Labels Market, by Component
1.4.2 Europe Electronic Shelf Labels Market, by Product Type
1.4.3 Europe Electronic Shelf Labels Market, by Communications Technology
1.4.4 Europe Electronic Shelf Labels Market, by Application
1.4.5 Europe Electronic Shelf Labels Market, by Display Size
1.4.6 Europe 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. Europe Electronic Shelf Labels Market by Component
4.1 Europe Display Market by Country
4.2 Europe Microprocessors Market by Country
4.3 Europe Batteries Market by Country
4.4 Europe Transceivers Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Electronic Shelf Labels Market by Product Type
5.1 Europe Fully Graphic E-paper Displays Market by Country
5.2 Europe LCDs Market by Country
5.3 Europe Segmented E-paper Displays Market by Country
Chapter 6. Europe Electronic Shelf Labels Market by Communications Technology
6.1 Europe Radio Frequency Market by Country
6.2 Europe Infrared Market by Country
6.3 Europe Near-field Communication Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Electronic Shelf Labels Market by Application
7.1 Europe Retail Market by Country
7.2 Europe Industrial Market by Country
Chapter 8. Europe Electronic Shelf Labels Market by Display Size
8.1 Europe Less than 3 Inches Market by Country
8.2 Europe 3 to 7 Inches Market by Country
8.3 Europe 7 to 10 Inches Market by Country
8.4 Europe More than 10 Inches Market by Country
Chapter 9. Europe Electronic Shelf Labels Market by Country
9.1 Germany Electronic Shelf Labels Market
9.1.1 Germany Electronic Shelf Labels Market by Component
9.1.2 Germany Electronic Shelf Labels Market by Product Type
9.1.3 Germany Electronic Shelf Labels Market by Communications Technology
9.1.4 Germany Electronic Shelf Labels Market by Application
9.1.5 Germany Electronic Shelf Labels Market by Display Size
9.2 UK Electronic Shelf Labels Market
9.2.1 UK Electronic Shelf Labels Market by Component
9.2.2 UK Electronic Shelf Labels Market by Product Type
9.2.3 UK Electronic Shelf Labels Market by Communications Technology
9.2.4 UK Electronic Shelf Labels Market by Application
9.2.5 UK Electronic Shelf Labels Market by Display Size
9.3 France Electronic Shelf Labels Market
9.3.1 France Electronic Shelf Labels Market by Component
9.3.2 France Electronic Shelf Labels Market by Product Type
9.3.3 France Electronic Shelf Labels Market by Communications Technology
9.3.4 France Electronic Shelf Labels Market by Application
9.3.5 France Electronic Shelf Labels Market by Display Size
9.4 Russia Electronic Shelf Labels Market
9.4.1 Russia Electronic Shelf Labels Market by Component
9.4.2 Russia Electronic Shelf Labels Market by Product Type
9.4.3 Russia Electronic Shelf Labels Market by Communications Technology
9.4.4 Russia Electronic Shelf Labels Market by Application
9.4.5 Russia Electronic Shelf Labels Market by Display Size
9.5 Spain Electronic Shelf Labels Market
9.5.1 Spain Electronic Shelf Labels Market by Component
9.5.2 Spain Electronic Shelf Labels Market by Product Type
9.5.3 Spain Electronic Shelf Labels Market by Communications Technology
9.5.4 Spain Electronic Shelf Labels Market by Application
9.5.5 Spain Electronic Shelf Labels Market by Display Size
9.6 Italy Electronic Shelf Labels Market
9.6.1 Italy Electronic Shelf Labels Market by Component
9.6.2 Italy Electronic Shelf Labels Market by Product Type
9.6.3 Italy Electronic Shelf Labels Market by Communications Technology
9.6.4 Italy Electronic Shelf Labels Market by Application
9.6.5 Italy Electronic Shelf Labels Market by Display Size
9.7 Rest of Europe Electronic Shelf Labels Market
9.7.1 Rest of Europe Electronic Shelf Labels Market by Component
9.7.2 Rest of Europe Electronic Shelf Labels Market by Product Type
9.7.3 Rest of Europe Electronic Shelf Labels Market by Communications Technology
9.7.4 Rest of Europe Electronic Shelf Labels Market by Application
9.7.5 Rest of Europe 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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