Asia Pacific Electronic Shelf Label Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Components (Displays, Batteries, Transceivers, Microprocessors, and Others), Product Type (LCD ESL and E-Paper based ESL), Store Type (Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores, and Others), and Communication Technology (Radio Frequency, Infrared, Near Field Communication, and Others)

Code: TIPRE00018135 | Pages: 150 | Industry: Electronics and Semiconductor | Date: Jan 2021 | Type: Regional

Market Introduction

Retailers use the electronic shelf label system for displaying product pricing on shelves. This system has benefits such as product pricing are automatically updated whenever a price is changed from a central control server. Hence its gaining popularity and boosting the need for the APAC electronic shelf label market. The rising number of the supermarket, specialty store, and hypermarket are raising demand for the APAC electronic shelf label market. The retail in Asian economies is booming at an exponential rate. Owing to rising demand for consumer goods such as home appliances and consumer electronics, many companies are looking ahead to make a significant investment in the Indian retail space — for instance, Walmart Investments Cooperative U. A has spent US$ 37.68 Mn (Rs 2.75 billion) in Wal-Mart India Pvt Ltd. Further, the country’s retail industry has witnessed an increase in investments to reach US$ 180.18 Mn (Rs 1,300 crore) in 2018. Additionally, Max Hypermarket India partnered with Auchan Group, a French retail giant, to establish franchise hypermarket stores in India. Both the retailing companies have planned to open 12-15 new stores annually throughout various states in India. Factors such as growth in the use of IoT within retail industry is expected to drive the APAC electronic shelf label market.

Furthermore, in case of COVID-19, APAC is highly affected specially the China and India. Because of a massive number of cases in China, the APAC region is greatly affected by a COVID-19, the country is the most important manufacturer and industrial producer because it trades more manufacturing products than any other country in the world; it is also a world leader in many types of goods. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as the large South Korea, India, Australia and Japan, and is experiencing downward inflation. The large presence of small and medium retailers across the region has created a huge demand for electronic shelf labels. However, the sudden lockdown owing to the outbreak of the pandemic have negatively impact the retail sector specially hypermarkets, supermarket, and specialty stores amongst others. The severe impact of covid-19 on the region has also shifted the consumer buying behavior from offline mode to online mode. For instance, India has recorded an increase in e-commerce by 53% during the period. Thus, the shift from offline stores to online buying by the population across the region is expected to negatively impact the electronic shelf label across the region over the years.


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Market Overview and Dynamics

The APAC electronic shelf label market is expected to grow from US$ 117.1 million in 2019 to US$ 498.4 million by 2027; it is estimated to grow at a CAGR of 20.3 % from 2020 to 2027. Rise in adoption of game-changing technologies across the retail - value chain is expected to upsurge the APAC electronic shelf label market. Technology is projected to be the key driver of this industry transformation. The success of the industry participants highly depends upon the relentless focus on the application of various technologies for enhancement of the value-added services to consumers. Advanced technologies have played a critical role in the transformation of retail. Over the next ten years, all of these technologies are expected to attain significant maturity in the retail industry, creating an unprecedented level of disruption. In particular, artificial intelligence is predicted to be most transformational for the retail industry due to its widespread applications, ability to drive efficiencies and impact on labor. IoT in retail would have a positive impact on the retail sector. With the rapid growth in the outlook of online shopping, retailers are looking forward to bring frictionless customer experience into online shopping for customers. The use of IoT in retail is growing at an exponential rate, and therefore both retailers and technology developers are looking forward to providing an environment of the connected consumer in brick-and-mortar locations. Therefore, the ESL developers across APAC region are working closely to develop more technologies through robust R&D such as development of ePaper, battery free-solutions and more, which will drive the APAC electronic shelf label market.

Key Market Segments

In terms of components, the displays segment accounted for the largest share of the APAC electronic shelf label market in 2019. In terms of product type, the LCD ESL segment held a larger market share of the APAC electronic shelf label market in 2019. Similarly, in terms of store type, the hypermarkets segment held a larger market share of the APAC electronic shelf label market in 2019. Further, the radio frequency segment held a larger share of the APAC electronic shelf label market based on communication technology in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC electronic shelf label market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Diebold Nixdorf, Incorporated; Displaydata Limited; E Ink Holdings Inc.; LabelNest; M2Communication; New Zealand Electronic Shelf Labelling; Opticon Sensors Europe B.V.; Samsung Electro-Mechanics Co., Ltd.; SES-imagotag; Teraoka Seiko Co., Ltd. 

 Reasons to buy report

  • To understand the APAC electronic shelf label market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC electronic shelf label market
  • Efficiently plan M&A and partnership deals in APAC electronic shelf label market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC electronic shelf label market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

 

APAC Electronic Shelf Label Market Segmentation

APAC Electronic Shelf Label Market - By Components

  • Displays
  • Batteries
  • Transceivers
  • Microprocessors
  • Others

 APAC Electronic Shelf Label Market - By Product Type

  • LCD ESL
  • E-Paper based ESL

APAC Electronic Shelf Label Market - By Store Type

  • Hypermarkets
  • Supermarkets
  • Non-Food Retail Stores
  • Specialty Stores
  • Others

APAC Electronic Shelf Label Market - By Communication Technology

  • Radio Frequency
  • Infrared
  • Near Field Communication
  • Others

APAC Electronic Shelf Label Market - By Country

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of APAC                      

APAC Electronic Shelf Label Market - Company Profiles

  • Diebold Nixdorf, Incorporated
  • Displaydata Limited
  • E Ink Holdings Inc.
  • LabelNest
  • M2Communication
  • New Zealand Electronic Shelf Labelling
  • Opticon Sensors Europe B.V.
  • Samsung Electro-Mechanics Co., Ltd.
  • SES-imagotag
  • Teraoka Seiko Co., Ltd.                                         

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Electronic Shelf Label Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           APAC Electronic Shelf Label Market – Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Rise in adoption of game-changing technologies across the retail - value chain

5.1.2        Growth in the use of IoT within retail industry

5.2         Key Market Restraints

5.2.1        High Installation Cost

5.3         Key Market Opportunities

5.3.1        Collaborating Industry 4.0 for automation and smart management

5.4         Future Trend

5.4.1        Arrival of battery-free solutions

5.5         Impact Analysis of Drivers and Restraints

6.           Electronic Shelf Label Market – APAC Analysis

6.1         APAC Electronic Shelf Label Market Overview

6.2         APAC Electronic Shelf Label Market Forecast and Analysis

6.3         Market Positioning- Top Five Players

7.           APAC Electronic Shelf Label Market Analysis – By Component

7.1         Overview

7.2         APAC Electronic Shelf Label Market Breakdown, By Component, 2019 & 2027

7.3         Display

7.3.1        Overview

7.3.2        Display Market Revenue and Forecasts to 2027 (US$ Mn)

7.4         Battery

7.4.1        Overview

7.4.2        Battery Market Revenue and Forecasts to 2027 (US$ Mn)

7.5         Transceiver

7.5.1        Overview

7.5.2        Transceiver Market Revenue and Forecasts to 2027 (US$ Mn)

7.6         Microprocessor

7.6.1        Overview

7.6.2        Microprocessor Market Revenue and Forecasts to 2027 (US$ Mn)

7.7         Others

7.7.1        Overview

7.7.2        Others Market Revenue and Forecasts to 2027 (US$ Mn)

8.           APAC Electronic Shelf Label Market Analysis – By Product Type

8.1         Overview

8.2         APAC Electronic Shelf Label Market Breakdown, By Product Type, 2019 & 2027

8.3         LCD ESL

8.3.1        Overview

8.3.2        LCD ESL Market Revenue and Forecasts to 2027 (US$ Mn)

8.4         E-paper based ESL

8.4.1        Overview

8.4.2        E-paper Based ESL Market Revenue and Forecasts to 2027 (US$ Mn)

9.           APAC Electronic Shelf Label Market Analysis – By Store Type

9.1         Overview

9.2         APAC Electronic Shelf Label Market Breakdown, By Store Type, 2019 & 2027

9.3         Hypermarkets

9.3.1        Overview

9.3.2        Hypermarkets Market Revenue and Forecasts to 2027 (US$ Mn)

9.4         Supermarkets

9.4.1        Overview

9.4.2        Supermarkets Market Revenue and Forecasts to 2027 (US$ Mn)

9.5         Non-Food Retail Stores

9.5.1        Overview

9.5.2        Non-Food Retail Stores Market Revenue and Forecasts to 2027 (US$ Mn)

9.6         Specialty Stores

9.6.1        Overview

9.6.2        Specialty Stores Market Revenue and Forecasts to 2027 (US$ Mn)

9.7         Others

9.7.1        Overview

9.7.2        Others Market Revenue and Forecasts to 2027 (US$ Mn)

10.        APAC Electronic Shelf Label Market Analysis – By Communication Technology

10.1      Overview

10.2      APAC Electronic Shelf Label Market Breakdown, By Communication Technology, 2019 & 2027

10.3      Radio Frequency

10.3.1     Overview

10.3.2     Radio Frequency Market Revenue and Forecasts to 2027 (US$ Mn)

10.4      Infrared

10.4.1     Overview

10.4.2     Infrared Market Revenue and Forecasts to 2027 (US$ Mn)

10.5      Near Field Communication

10.5.1     Overview

10.5.2     Near Field Communication Market Forecast and Analysis

10.6      Others

10.6.1     Overview

10.6.2     Others Market Forecast and Analysis

11.        APAC Electronic Shelf Label Market – Country Analysis

11.1      Overview

11.1.1     APAC Electronic Shelf Label Market Breakdown, By Key Country

11.1.1.1       Australia Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.1.1       Australia Electronic Shelf Label Market Breakdown, By Component

11.1.1.1.2       Australia Electronic Shelf Label Market Breakdown, By Product Type

11.1.1.1.3       Australia Electronic Shelf Label Market Breakdown, By Store Type

11.1.1.1.4       Australia Electronic Shelf Label Market Breakdown, By Communication Technology

11.1.1.2       China Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.2.1       China Electronic Shelf Label Market Breakdown, By Component

11.1.1.2.2       China Electronic Shelf Label Market Breakdown, By Product Type

11.1.1.2.3       China Electronic Shelf Label Market Breakdown, By Store Type

11.1.1.2.4       China Electronic Shelf Label Market Breakdown, By Communication Technology

11.1.1.3       India Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.3.1       India Electronic Shelf Label Market Breakdown, By Component

11.1.1.3.2       India Electronic Shelf Label Market Breakdown, By Product Type

11.1.1.3.3       India Electronic Shelf Label Market Breakdown, By Store Type

11.1.1.3.4       India Electronic Shelf Label Market Breakdown, By Communication Technology

11.1.1.4       Japan Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.4.1       Japan Electronic Shelf Label Market Breakdown, By Component

11.1.1.4.2       Japan Electronic Shelf Label Market Breakdown, By Product Type

11.1.1.4.3       Japan Electronic Shelf Label Market Breakdown, By Store Type

11.1.1.4.4       Japan Electronic Shelf Label Market Breakdown, By Communication Technology

11.1.1.5       South Korea Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.5.1       South Korea Electronic Shelf Label Market Breakdown, By Component

11.1.1.5.2       South Korea Electronic Shelf Label Market Breakdown, By Product Type

11.1.1.5.3       South Korea Electronic Shelf Label Market Breakdown, By Store Type

11.1.1.5.4       South Korea Electronic Shelf Label Market Breakdown, By Communication Technology

11.1.1.6       Rest of APAC Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

11.1.1.6.1       Rest of APAC Electronic Shelf Label Market Breakdown, By Component

11.1.1.6.2       Rest of APAC Electronic Shelf Label Market Breakdown, By Product Type

11.1.1.6.3       Rest of APAC Electronic Shelf Label Market Breakdown, By Store Type

11.1.1.6.4       Rest of APAC Electronic Shelf Label Market Breakdown, By Communication Technology

12.        Impact of COVID-19 Pandemic on APAC Electronic Shelf Label Market

12.1      APAC: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Market Initiative

13.2      New Development

14.        Company Profiles

14.1      LabelNest

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Product Portfolio

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Diebold Nixdorf, Incorporated

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Product & Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      Displaydata Limited

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Product Portfolio

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      E Ink Holdings Inc.

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Product & Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      M2Communication

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Product Portfolio

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      New Zealand Electronic Shelf Labelling

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Product Portfolio

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Opticon Sensors Europe B.V.

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      SES-imagotag

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      Samsung Electro-Mechanics Co., Ltd.

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   Teraoka Seiko Co., Ltd.

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

14.10.6  Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Glossary

LIST OF TABLES

Table 1.             APAC Electronic Shelf Label Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.             Australia Electronic Shelf Label Market Revenue and Forecast to 2027 – By Component (US$ Mn)

Table 3.             Australia Electronic Shelf Label Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)

Table 4.             Australia Electronic Shelf Label Market Revenue and Forecast to 2027 – By Store Type (US$ Mn)

Table 5.             Australia Electronic Shelf Label Market Revenue and Forecast to 2027 – By Communication Technology  (US$ Mn)

Table 6.             China Electronic Shelf Label Market Revenue and Forecast to 2027 – By Component (US$ Mn)

Table 7.             China Electronic Shelf Label Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)

Table 8.             China Electronic Shelf Label Market Revenue and Forecast to 2027 – By Store Type (US$ Mn)

Table 9.             China Electronic Shelf Label Market Revenue and Forecast to 2027 – By Communication Technology (US$ Mn)

Table 10.          India Electronic Shelf Label Market Revenue and Forecast to 2027 – By Component (US$ Mn)

Table 11.          India Electronic Shelf Label Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)

Table 12.          India Electronic Shelf Label Market Revenue and Forecast to 2027 – By Store Type (US$ Mn)

Table 13.          India Electronic Shelf Label Market Revenue and Forecast to 2027 – By Communication Technology (US$ Mn)

Table 14.          Japan Electronic Shelf Label Market Revenue and Forecast to 2027 – By Component (US$ Mn)

Table 15.          Japan Electronic Shelf Label Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)

Table 16.          Japan Electronic Shelf Label Market Revenue and Forecast to 2027 – By Store Type (US$ Mn)

Table 17.          Japan Electronic Shelf Label Market Revenue and Forecast to 2027 – By Communication Technology (US$ Mn)

Table 18.          South Korea Electronic Shelf Label Market Revenue and Forecast to 2027 – By Component (US$ Mn)

Table 19.          South Korea Electronic Shelf Label Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)

Table 20.          South Korea Electronic Shelf Label Market Revenue and Forecast to 2027 – By Store Type (US$ Mn)

Table 21.          South Korea Electronic Shelf Label Market Revenue and Forecast to 2027 – By Communication Technology (US$ Mn)

Table 22.          Rest of APAC Electronic Shelf Label Market Revenue and Forecast to 2027 – By Component (US$ Mn)

Table 23.          Rest of APAC Electronic Shelf Label Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)

Table 24.          Rest of APAC Electronic Shelf Label Market Revenue and Forecast to 2027 – By Store Type (US$ Mn)

Table 25.          Rest of APAC Electronic Shelf Label Market Revenue and Forecast to 2027 – By Communication Technology (US$ Mn)

Table 26.          Glossary of Terms, APAC Electronic Shelf Label Market

LIST OF FIGURES

Figure 1.           APAC Electronic Shelf Label Market Segmentation

Figure 2.           APAC Electronic Shelf Label Market Segmentation – By Country

Figure 3.           APAC Electronic Shelf Label Market, By Store Type

Figure 4.           APAC Electronic Shelf Label Market, By Country

Figure 5.           APAC Electronic Shelf Label Market, By Competitive landscape

Figure 6.           APAC Electronic Shelf Label Market Overview

Figure 7.           APAC – PEST Analysis

Figure 8.           APAC Market Ecosystem Analysis

Figure 9.           APAC Electronic Shelf Label Market Impact Analysis of Drivers and Restraints

Figure 10.        APAC Electronic Shelf Label Market Forecast and Analysis, (US$ Mn)

Figure 11.        APAC Electronic Shelf Label Market Breakdown, By Component, 2019 & 2027 (%)

Figure 12.        APAC Display Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.        APAC Battery Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.        APAC Transceiver Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.        APAC Microprocessor Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.        APAC Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 17.        APAC Electronic Shelf Label Market Breakdown, By Product Type, 2019 & 2027 (%)

Figure 18.        APAC LCD ESL Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.        APAC E-paper Based ESL Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.        APAC Electronic Shelf Label Market Breakdown, By Store Type, 2019 & 2027 (%)

Figure 21.        APAC Hypermarkets Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22.        APAC Supermarkets Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.        APAC Non-Food Retail Stores Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.        APAC Specialty Stores Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 25.        APAC Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 26.        APAC Electronic Shelf Label Market Breakdown, By Communication Technology, 2019 & 2027 (%)

Figure 27.        APAC Radio Frequency Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28.        APAC Infrared Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29.        APAC Near Field Communication Market Revenue and Forecasts to 2027(US$ Mn)

Figure 30.        APAC Others Market Revenue and Forecasts to 2027(US$ Mn)

Figure 31.        APAC Electronic Shelf Label Market Breakdown, By Key Country, 2019 & 2027(%)

Figure 32.        Australia Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

Figure 33.        China Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

Figure 34.        India Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

Figure 35.        Japan Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

Figure 36.        South Korea Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

Figure 37.        Rest of APAC Electronic Shelf Label Market Revenue and Forecast to 2027 (US$ Mn)

Figure 38.        Impact of COVID-19 Pandemic in APAC Country

Some of the leading companies are:

  1. Diebold Nixdorf, Incorporated
  2. Displaydata Limited
  3. E Ink Holdings Inc.
  4. LabelNest
  5. M2Communication
  6. New Zealand Electronic Shelf Labelling
  7. Opticon Sensors Europe B.V.
  8. Samsung Electro-Mechanics Co., Ltd.
  9. SES-imagotag
  10. Teraoka Seiko Co., Ltd.
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