This report provides exclusive insights into the COVID-19 impact on the Electronic Shelf Label Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Electronic Shelf Label Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Electronic Shelf Label Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
electronic shelf label market provides an in-depth analysis of segments and
sub-segments in the global as well as regional electronic shelf label market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional electronic shelf label market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecasts, and dollar values of the global electronic shelf label market.
According to the report, the global electronic shelf label market is projected
to grow at a CAGR of 20.1% over the forecast period of 2019-2025.
Electronic shelf labels utilized by retailers have an
indicator that displays the cost of the product and the offers associated with
the product. There are numerous electronic shelf labels in a retail store that
are controlled by a server, which usages a wireless communication network to
communicate with the electronic shelf label. If the price of a product is
altered, the electronic shelf label server sends the price alteration data to
an electronic shelf label displaying that product. On receiving the altered
price data, the electronic shelf label changes the price information and
updates it on the database. An electronic shelf label is usually attached on
the front edge of a retail shelf and the product cost displayed on an
electronic shelf label is automatically updated whenever a price is changed.
The upsurge in digital transformation among numerous
industries globally has a positive impact on the country’s economic growth, as
the surge in these transformations brings innovative changes in business
operations. Furthermore, automation in retail is anticipated to play a major
role in transforming economic growth due to factors such as a rise in consumer
purchasing power, growth in the efficacy of retailing supply chain, and smart
logistic management among others. Similarly, the need to improve customer
experience is pouring the adoption of technological advancements in the retail
business. These factors are projected to boost the electronic shelf label
market in the near future. On the other hand, the high installation and
infrastructure cost hamper market growth during the projection period. Further,
low return on investment is also anticipated to obstruct the growth of the
electronic shelf label market.
The on-going COVID-19 pandemic has unenviably affected the
electronic industry with manufacturing operations conditionally suspended
across major manufacturing hubs, leading to a considerable slowdown in the
production. In addition to having an influence on the production, the on-going
the epidemic has taken a toll on the consumer demand for display integrated
devices, likely worsened by the lockdown enforced across major nations.
Obscurity regarding the possible length of lockdown makes it challenging to
anticipate how and when a resurgence in the electronic industry will occur.
Among the geographies, the North America region is expected
to hold the largest share in the global electronic shelf label market owing to
the presence of prominent industry players coupled with rapid growth in the
retail sector across the region. Furthermore, technological adoption across end-use
companies in the North American region will drive regional market growth.
Moreover, the Asia Pacific region is anticipated to grow at the highest CAGR
during the forecast period, owing to the high presence of retail giants with
higher customer interest. Moreover, the easy accessibility of processing
machinery and high growth of full graphic e-paper display are the factors
driving the market growth in the Asia Pacific region.
The report on the global electronic shelf label market covers
segments such as type, component, communication technology, and store type. On
the basis of type, the sub-markets include LCD ESL, segmented e-paper ESL, and
full-graphic e-paper ESL. On the basis of component, the sub-markets include
batteries, transceivers, microprocessors, displays, and other components. On
the basis of communication technology, the sub-markets include radio frequency,
near field communication, infrared, and other communication technologies. On
the basis of store type, the sub-markets include hypermarkets, non-food retail
stores, specialty stores, supermarkets, and other store types.
The report provides profiles of the companies in the market
such as Samsung Electro-Mechanics, E Ink Holdings Inc., Displaydata Ltd.,
Diebold Nixdorf, Teraoka Seiko Co., Ltd., NZ Electronic Shelf Labelling Ltd.,
SES-Imagotag, Pricer AB, Forbix Semicon India Pvt. Ltd., Advantech U.S., Inc.,
and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the electronic
shelf label market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.