Market Overview:
The global LCD electronic shelf label market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for LCD electronic shelf labels from retailers due to their advantages over traditional paper-based labels. These advantages include low cost, durability, and easy customization. In addition, the growing adoption of NFC-enabled smartphones is also aiding in the growth of this market. On the basis of type, the global LCD electronic shelf label market can be segmented into radio frequency (RF), infrared (IR), near field communication (NFC), and others segments. The RF segment is expected to hold a major share of this market during the forecast period owing to its high adoption by retailers across different regions worldwide.
Product Definition:
An LCD Electronic Shelf Lable is a thin, flat panel display that attaches to retail shelves and displays product information, such as price and description. The importance of LCD Electronic Shelf Lables is that they provide up-to-date product information to consumers, which can help them make purchasing decisions. Additionally, LCD Electronic Shelf Lables can help retailers manage their inventory more efficiently by providing real-time information on what products are selling and how much stock is left.
Radio Frequency:
Radiofrequency (RF) is a type of electromagnetic radiation used in various applications including wireless communication and for the cooking of food. Radiofrequency identification (RFID) uses radio waves to transfer data from one location to another without using wires. The technology has been around for more than two decades but its application has been limited to industrial purposes until now. Increasing demand across several consumer electronics segments such as mobile phones, tablets, laptops and personal computers are expected to drive market growth over the forecast period.
Infrared:
Infrared is a part of the electromagnetic spectrum and has wavelengths between 10-9 meters to 10-8 meters. The shorter end of the infrared region is referred to as near infrared (NIR) and the longer end is called far infrared (FIR). The NIR range covers light with wavelengths from 0.75 - 1.0 mm, while the FIR range encompasses light with wavelengths greater than 1mm.
Application Insights:
The department store application segment led the global LCD electronic shelf lable market in 2017. The growth of this segment can be attributed to increasing consumer spending on luxury goods and appliances. Department stores are increasingly adopting self-checkout systems, which further fuels the demand for these labels.
The specialty store application segment is expected to witness significant growth over the forecast period owing to rising adoption of advanced technologies such as NFC and QR codes that help customers scan, save and pay bills through mobile payments at speciality stores globally. Moreover, specialty stores offer a more personalized experience by tracking customer¢â‚¬â„¢s behavior so that they can deliver customized marketing content via e-mail or social media platforms based on their preferences thereby driving the demand for these labels worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing penetration of RF and NFC enabled shelf labels in China and India, respectively. Radio frequency enabled shelf labels are being increasingly adopted for inventory management in large retail chains such as supermarkets and hypermarkets due to their ease of use by customers. Furthermore, rising demand for smart connected devices from consumers is anticipated to drive regional market growth over the forecast period.
North America accounted for a significant share of global revenue owing to early adoption by retailers in this region coupled with high disposable income of consumers in countries like U.S., Canada, and Mexico that has led them shopping more often than usual at these stores resulting into higher sales per store on average across all formats including online as well as offline channels thereby driving overall industry growth across all regions globally over the next eight years or so till 2030 AD (Year After Date).
Growth Factors:
- Increasing demand from retail sector for better customer experience
- Rising demand for cost effective and efficient labeling solutions
- Proliferation of smart devices and the Internet of Things (IoT)
- Growing trend of self-service and automation in retail sector
- Emergence of digital signage
Scope Of The Report
Report Attributes
Report Details
Report Title
LCD Electronic Shelf Lable Market Research Report
By Type
Radio Frequency, Infrared, Near Field Communication, Others
By Application
Department Store, Super Market, Drugstore, Specialty Store
By Companies
BOE (SES-imagotag), Pricer, E Ink, Displaydata, Opticon Sensors Europe B.V, DIGI, Hanshow, LG innotek, Panasonic, Altierre
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global LCD Electronic Shelf Lable Market Report Segments:
The global LCD Electronic Shelf Lable market is segmented on the basis of:
Types
Radio Frequency, Infrared, Near Field Communication, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Department Store, Super Market, Drugstore, Specialty Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BOE (SES-imagotag)
- Pricer
- E Ink
- Displaydata
- Opticon Sensors Europe B.V
- DIGI
- Hanshow
- LG innotek
- Panasonic
- Altierre
Highlights of The LCD Electronic Shelf Lable Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Radio Frequency
- Infrared
- Near Field Communication
- Others
- By Application:
- Department Store
- Super Market
- Drugstore
- Specialty Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LCD Electronic Shelf Lable Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LCD Electronic Shelf Lable is a type of display that uses liquid crystal cells to create an image. The cells are arranged in a matrix, and the light from an LED backlight passes through the cell array to produce the image.
Some of the major companies in the lcd electronic shelf lable market are BOE (SES-imagotag), Pricer, E Ink, Displaydata, Opticon Sensors Europe B.V, DIGI, Hanshow, LG innotek, Panasonic, Altierre.
The lcd electronic shelf lable market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LCD Electronic Shelf Lable Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LCD Electronic Shelf Lable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LCD Electronic Shelf Lable Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LCD Electronic Shelf Lable Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LCD Electronic Shelf Lable Market Size & Forecast, 2018-2028
4.5.1 LCD Electronic Shelf Lable Market Size and Y-o-Y Growth
4.5.2 LCD Electronic Shelf Lable Market Absolute $ Opportunity
Chapter 5 Global LCD Electronic Shelf Lable Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LCD Electronic Shelf Lable Market Size Forecast by Type
5.2.1 Radio Frequency
5.2.2 Infrared
5.2.3 Near Field Communication
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LCD Electronic Shelf Lable Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LCD Electronic Shelf Lable Market Size Forecast by Applications
6.2.1 Department Store
6.2.2 Super Market
6.2.3 Drugstore
6.2.4 Specialty Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LCD Electronic Shelf Lable Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LCD Electronic Shelf Lable Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LCD Electronic Shelf Lable Analysis and Forecast
9.1 Introduction
9.2 North America LCD Electronic Shelf Lable Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LCD Electronic Shelf Lable Market Size Forecast by Type
9.6.1 Radio Frequency
9.6.2 Infrared
9.6.3 Near Field Communication
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LCD Electronic Shelf Lable Market Size Forecast by Applications
9.10.1 Department Store
9.10.2 Super Market
9.10.3 Drugstore
9.10.4 Specialty Store
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LCD Electronic Shelf Lable Analysis and Forecast
10.1 Introduction
10.2 Europe LCD Electronic Shelf Lable Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LCD Electronic Shelf Lable Market Size Forecast by Type
10.6.1 Radio Frequency
10.6.2 Infrared
10.6.3 Near Field Communication
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LCD Electronic Shelf Lable Market Size Forecast by Applications
10.10.1 Department Store
10.10.2 Super Market
10.10.3 Drugstore
10.10.4 Specialty Store
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LCD Electronic Shelf Lable Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LCD Electronic Shelf Lable Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LCD Electronic Shelf Lable Market Size Forecast by Type
11.6.1 Radio Frequency
11.6.2 Infrared
11.6.3 Near Field Communication
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LCD Electronic Shelf Lable Market Size Forecast by Applications
11.10.1 Department Store
11.10.2 Super Market
11.10.3 Drugstore
11.10.4 Specialty Store
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LCD Electronic Shelf Lable Analysis and Forecast
12.1 Introduction
12.2 Latin America LCD Electronic Shelf Lable Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LCD Electronic Shelf Lable Market Size Forecast by Type
12.6.1 Radio Frequency
12.6.2 Infrared
12.6.3 Near Field Communication
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LCD Electronic Shelf Lable Market Size Forecast by Applications
12.10.1 Department Store
12.10.2 Super Market
12.10.3 Drugstore
12.10.4 Specialty Store
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LCD Electronic Shelf Lable Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LCD Electronic Shelf Lable Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LCD Electronic Shelf Lable Market Size Forecast by Type
13.6.1 Radio Frequency
13.6.2 Infrared
13.6.3 Near Field Communication
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LCD Electronic Shelf Lable Market Size Forecast by Applications
13.10.1 Department Store
13.10.2 Super Market
13.10.3 Drugstore
13.10.4 Specialty Store
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LCD Electronic Shelf Lable Market: Competitive Dashboard
14.2 Global LCD Electronic Shelf Lable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BOE (SES-imagotag)
14.3.2 Pricer
14.3.3 E Ink
14.3.4 Displaydata
14.3.5 Opticon Sensors Europe B.V
14.3.6 DIGI
14.3.7 Hanshow
14.3.8 LG innotek
14.3.9 Panasonic
14.3.10 Altierre
