Electronic Shelf Labels

Electronic Shelf Labels

Global Electronic Shelf Labels Market to Reach $2 Billion by 2027

Amid the COVID-19 crisis, the global market for Electronic Shelf Labels estimated at US$589.5 Million in the year 2020, is projected to reach a revised size of US$2 Billion by 2027, growing at a CAGR of 18.7% over the analysis period 2020-2027. LCD, one of the segments analyzed in the report, is projected to record a 18% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Segmented E-Paper segment is readjusted to a revised 19% CAGR for the next 7-year period.

The U.S. Market is Estimated at $159 Million, While China is Forecast to Grow at 23.4% CAGR

The Electronic Shelf Labels market in the U.S. is estimated at US$159 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$450 Million by the year 2027 trailing a CAGR of 23.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.7% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16% CAGR.

Full-Graphic E-Paper Segment to Record 20.8% CAGR

In the global Full-Graphic E-Paper segment, USA, Canada, Japan, China and Europe will drive the 20.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$58.4 Million in the year 2020 will reach a projected size of US$210.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$285.8 Million by the year 2027, while Latin America will expand at a 22.2% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• Advantech Co., Ltd.
• Altierre SAS
• Diebold Nixdorf, Inc.
• E Ink Holdings, Inc.
• Forbix Semicon India Pvt. Ltd.
• LANCOM Systems GmbH
• M2Communication, Inc.
• NZ Electronic Shelf Labelling
• Opticon Sensors Europe B.V.
• Pricer S.A.S.
• Samsung Electro-Mechanics
• Ses-Imagotag
• SoluM Co., Ltd.
• Teraoka Seiko Co., Ltd.

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