North America Electronic Shelf Label Market to exceed $440 mn by 2024

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According to the Graphical Research new growth forecast report titled “North America Electronic Shelf Label Market Analysis By Product, By Technology, By Application– Industry Report, Growth Analysis & Forecast, 2018 – 2024, estimated to cross USD 440 million by 2024.

Favorable government initiatives in the U.S. towards technological innovation and integration of automated products across all industry verticals is boosting the demand for North America electronic shelf label market. Moreover, the industry is growing by the evolution of logistics sector in the U.S. and Canada. Industrial revolution in the U.S. has created large data evolution capabilities to be used in the production processes and integration in supply chain management. The technology aids in the enhancing the store operations further developing the industry.

LCD product segment was estimated to hold significant share attributed to its low unit costs. The LCD displays offers several variations including 3D and high definition screens. They can store large data amounts and display various product information. IR North America electronic shelf label market is anticipated to grow owing to advantages such as economical costs and high security. Increased utilization of this platform is attributed to its broad communication range and ESL upgradations. IR technology platform supports transmission up to 30 meters of distance ranges ensuring uninterrupted signal transfer.

Prominent companies in the North America electronic shelf label market are LG Innotek, Wincor Nixdorf, Pricer AB, SES Imagotag, M2Communication, CEST, Solu M, and Displaydata. These players focus majorly on making contracts and partnerships with the retail industrial players such as Walmart to gain larger revenue shares in the North America electronic shelf label market.

Segments We Cover:

North America Electronic Shelf Label (ESL) Market Statistics, By Product

  • LCD ESL
  • Segmented e-paper ESL
  • Full graphic e-paper ESL

North America Electronic Shelf Label (ESL) Market Growth, By Technology

  • Radio frequency (RF)
  • Infrared (IR)
  • NFC
  • Others

North America Electronic Shelf Label (ESL) Market Trends, By Application

  • Industrial
  • Commercial

The above information is provided for the following countries:

  • U.S.
  • Canada