Electronic Shelf Label Market in full graphic e-paper segment to grow at over 19% CAGR from 2016 to 2024

1. Global Electronic Shelf Label Market share worth over $1.25bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

2. KeyInsights from Electronic Shelf Label Market: • Regulatory norms for the protection of consumer rights against misleading product pricing will drive the electronic shelf label market size. Additional feature integration such as NFC, geo-mapping, smart flash, wireless communication systems and inventory management is likely to contribute to profitability over the forecast timeframe. • Next generation electronic shelf labels are feature several advanced features such as real-time bi-directional responsive systems, long battery life, merchandising accessories, and indoor mapping and navigation systems to provide enhanced operational scalability, latency, robustness, speed, and security for the users. These features are expected to fuel the overall ESL market share through the coming years. • Indirect factors, such as optimized pricing errors, better price visibility, customer satisfaction, promotional capabilities, and the ability to optimize margins greatly influence the return on investments (ROI). High ROI in short spans and rising demands for automated retail technologies is anticipated to propel the electronic shelf label market size from 2016 to 2024.

3. Continued... • Regulatory mandates for recovery, collection, and recycling of used products due to rising environmental concerns will challenge the industry demand. Waste Electrical and Electronic Equipment (WEEE), Restriction of hazardous substances (ROHS), and Battery Act 1996 are some of the regulatory compliances. • High initial investments, low labor wages in emerging economies and lack of availability of skilled workforce will hamper the electronic shelf label market share over the forecast timeline. An Ohio-based R&D company developed a battery-less electronic shelving system on account of rising need for low power consumption. Technology development and innovation measures are likely to present potential growth opportunities for the electronic shelf label market size from 2016 to 2024. • Segmented e-paper ESL demand will be impacted by inherent limitations of aesthetics, limited color displays and low degree of consumer attraction. This is forecast to be the offset by the favorable electronic shelf label market price trend for this display technology.

4. Europe Electronic Shelf Label Market size, by product, 2012-2024 (USD Million)

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6. Continued... • RF communication platform demand was over USD 100 million in 2015 and will witness significant gains owing to easy availability and utilization for additional feature integrations. IR communication platform accounted for over 40% of the electronic shelf label market share in 2015. • Non-food retail stores include electronic appliances, apparel, jewelry, cosmetics, footwear, sportswear, toys, books, and home furnishings. The segment is expected to exceed USD 200 million by 2024. This can be credited to rising adoption in large & small, and multi chain & single stores to provide a variety of products. • Asia Pacific electronic shelf label market share is expected to present highest growth potential over the forecast timeframe owing to economical costs, huge untapped consumer base and large number of startups surfacing across the region. U.S. electronic shelf label market size is estimated to register high gains at around 18% CAGR, due to the significant retail industry in the region.

7. 360° Analysis • Application Trends • Hypermarkets occupied over 45% of the overall ESL market share in 2015 owing to high inclination towards automated equipment and products. The segment consists of extensive retail facilities that sells wide range of products under one roof including full grocery lines and general merchandize. Supermarkets are estimated to account for 30% of the electronic shelf label market size by 2024 and register considerable gains over the forecast timeline. Non-food retail stores and specialty stores will also exhibit high growth. • Regional Trends • Stringent government norms for the protection of consumers against misleading product prices will favor the industry growth. S.I. No. 639 of 2002 European Communities (Requirements to Indicate Product Prices) Regulations has defined rules for licensed premises, restaurants, cafes, hotels, etc. in Europe. These rules state the obligation for display of prices to be marked or displayed on shelves to be inclusive of all the factors. Similar directives in several other regions are likely to favor the electronic shelf label market size. • Competitive Market Share • SES Imagotag and Pricer AB are the key players in the electronic shelf label market. Other industry participants include E Ink Corp., LG Innotek, Wincor Nixdorf, Displaydata, M2Communication, Altierre, CEST, and SoluM. Industry participants focus on collaborations and partnerships, and invest significantly in R&D to introduce new products.

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