The North America Electronic Shelf Labels Market should witness market growth of 12.5% CAGR during the forecast period (2022-2028).
Retail establishments utilize electronic shelf labels (ESL), or digital price tags, to display product prices through wireless networks. ESLs are often fastened to the leading edge of store shelves. Once installed on the shelves, it links directly to the point of sale (POS) and the store's ERP to save human expenses associated with price management, increase pricing accuracy, and allow dynamic pricing. Also, every electronic shelf label (ESL) system contains an LCD or e-ink display that indicates the product's price and UPC.
Retailers could alter prices immediately and in real-time across all locations due to electronic shelf labels, eliminating laborious and error-prone human effort. Using ESLs, merchants improved click and collect, streamlined restocking, and improved pricing efficiency and accuracy. To compete with internet retailers, store owners coordinated pricing and responded fast to market prices. ESLs created a seamless in-store and online buying experience with price transparency by enabling consumers to see accurate pricing and get customized, in-depth product information.
In the North American area, notably in the United States, there are various enterprises and merchants. Opportunities for product uptake are anticipated to arise from the region's retail sector's predicted growth. The market demand is also being boosted by supportive government measures in the United States for technological innovation and integrating automated goods across all industry verticals, particularly in retail automation. Significant data evolution capabilities have been developed in the United States due to the industrial revolution and are now being integrated into supply chain management. With technology, shop operations can be improved, the sector can grow, and ESL can boost operational effectiveness.
The US market dominated the North America Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $599.8 Million by 2028. The Canada market is poised to grow at a CAGR of 15% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 14% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Retail establishments utilize electronic shelf labels (ESL), or digital price tags, to display product prices through wireless networks. ESLs are often fastened to the leading edge of store shelves. Once installed on the shelves, it links directly to the point of sale (POS) and the store's ERP to save human expenses associated with price management, increase pricing accuracy, and allow dynamic pricing. Also, every electronic shelf label (ESL) system contains an LCD or e-ink display that indicates the product's price and UPC.
Retailers could alter prices immediately and in real-time across all locations due to electronic shelf labels, eliminating laborious and error-prone human effort. Using ESLs, merchants improved click and collect, streamlined restocking, and improved pricing efficiency and accuracy. To compete with internet retailers, store owners coordinated pricing and responded fast to market prices. ESLs created a seamless in-store and online buying experience with price transparency by enabling consumers to see accurate pricing and get customized, in-depth product information.
In the North American area, notably in the United States, there are various enterprises and merchants. Opportunities for product uptake are anticipated to arise from the region's retail sector's predicted growth. The market demand is also being boosted by supportive government measures in the United States for technological innovation and integrating automated goods across all industry verticals, particularly in retail automation. Significant data evolution capabilities have been developed in the United States due to the industrial revolution and are now being integrated into supply chain management. With technology, shop operations can be improved, the sector can grow, and ESL can boost operational effectiveness.
The US market dominated the North America Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $599.8 Million by 2028. The Canada market is poised to grow at a CAGR of 15% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 14% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Electronic Shelf Labels Market, by Component
1.4.2 North America Electronic Shelf Labels Market, by Product Type
1.4.3 North America Electronic Shelf Labels Market, by Communications Technology
1.4.4 North America Electronic Shelf Labels Market, by Application
1.4.5 North America Electronic Shelf Labels Market, by Display Size
1.4.6 North America 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. North America Electronic Shelf Labels Market by Component
4.1 North America Display Market by Country
4.2 North America Microprocessors Market by Country
4.3 North America Batteries Market by Country
4.4 North America Transceivers Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Electronic Shelf Labels Market by Product Type
5.1 North America Fully Graphic E-paper Displays Market by Country
5.2 North America LCDs Market by Country
5.3 North America Segmented E-paper Displays Market by Country
Chapter 6. North America Electronic Shelf Labels Market by Communications Technology
6.1 North America Radio Frequency Market by Country
6.2 North America Infrared Market by Country
6.3 North America Near-field Communication Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Electronic Shelf Labels Market by Application
7.1 North America Retail Market by Country
7.2 North America Industrial Market by Country
Chapter 8. North America Electronic Shelf Labels Market by Display Size
8.1 North America Less than 3 Inches Market by Country
8.2 North America 3 to 7 Inches Market by Country
8.3 North America 7 to 10 Inches Market by Country
8.4 North America More than 10 Inches Market by Country
Chapter 9. North America Electronic Shelf Labels Market by Country
9.1 US Electronic Shelf Labels Market
9.1.1 US Electronic Shelf Labels Market by Component
9.1.2 US Electronic Shelf Labels Market by Product Type
9.1.3 US Electronic Shelf Labels Market by Communications Technology
9.1.4 US Electronic Shelf Labels Market by Application
9.1.5 US Electronic Shelf Labels Market by Display Size
9.2 Canada Electronic Shelf Labels Market
9.2.1 Canada Electronic Shelf Labels Market by Component
9.2.2 Canada Electronic Shelf Labels Market by Product Type
9.2.3 Canada Electronic Shelf Labels Market by Communications Technology
9.2.4 Canada Electronic Shelf Labels Market by Application
9.2.5 Canada Electronic Shelf Labels Market by Display Size
9.3 Mexico Electronic Shelf Labels Market
9.3.1 Mexico Electronic Shelf Labels Market by Component
9.3.2 Mexico Electronic Shelf Labels Market by Product Type
9.3.3 Mexico Electronic Shelf Labels Market by Communications Technology
9.3.4 Mexico Electronic Shelf Labels Market by Application
9.3.5 Mexico Electronic Shelf Labels Market by Display Size
9.4 Rest of North America Electronic Shelf Labels Market
9.4.1 Rest of North America Electronic Shelf Labels Market by Component
9.4.2 Rest of North America Electronic Shelf Labels Market by Product Type
9.4.3 Rest of North America Electronic Shelf Labels Market by Communications Technology
9.4.4 Rest of North America Electronic Shelf Labels Market by Application
9.4.5 Rest of North America 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
LOADING...
