Techno World Electronic-Shelf-Labels-Market | Page 2

The global electronic shelf label market is estimated to witness a CAGR of 12.9% CAGR during
the forecast period (2017–2025), owing to significant growth in demands for electronic shelf
labels, specifically in North America and the U.S.
RF technology is expected to gain traction in the near future, primarily owing to the multiple
choices of communication methodologies that include Bluetooth, ZigBee, Wi-Fi, and NFC.
Moreover, relatively high operability owing to no requirement of visible range communication,
unlike IR, is expected to be the major factor driving growth of the market.
Full graphic e-paper displays are expected to witness highest growth over the forecast period
owing to the multi-color displays, high aesthetics, and wide visibility range of displays.
Growing adoption of ESLs in the convenience store and departmental stores is expected to
garner highest product sales in the end use segment.
Europe will continue to dominate the overall electronic shelf label industry, with the highest
adoption
rates
and
industry
penetration
over
the
forecast
period.
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Some of the major participants in the global electronic shelf label market include Displaydata,
Pricer AB, Opticon Sensors Europe B.V, SES-imagotag, Altierre, Teraoka Seiko, Advantech US, and
E Ink.
Regional expansion, technology development and product innovation are expected to form the
key strategies to acquire strong industry foothold. For instance, Powershelf, a provider of retail
technology solutions, had developed a battery-less electronic shelving system to garner
increased
product
adoption.
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