The Asia Pacific Electronic Shelf Labels Market would witness market growth of 14.1% CAGR during the forecast period (2022-2028).
Due to its quick speed and enhanced information management, most consumers favor NFC technology over other digital breakthroughs like QR codes and Bluetooth. These NFC-capable gadgets assist in gathering user information, purchasing preferences, and commonly bought goods. This makes tailored marketing easier and encourages repeat business from clients. This element contributes to the market's growth.
Due to its ability to transmit data quickly and instantly across devices, which encourages businesses to include it in products, NFC technology is projected to grow. NFC technology is currently a feature that is incorporated into many smartphones and point-of-sale (POS) systems. The increasing usage of NFC in smartphones and other mobile devices, which speeds up POS transactions and enhances retail operations, is the main factor driving the need for NFC-enabled ELSs.
Several businesses in this region are starting to realize how connecting with smart devices like smartphones, and smartwatches may improve the shopping experience for their customers. China and other nations with high technology adoption rates will help the Internet of Things spread across the retail industry. Retail companies invest more money in developing creative retail locations to entice more consumers. Several factors are promoting artificial intelligence (AI) and the Internet of Things in the retail industry. India has also grown swiftly and is more receptive to integrating cutting-edge technology to support businesses. All of this will likely lead to an increase in the use of electronic shelf labels in the APAC region.
The China market dominated the Asia Pacific Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $221.3 Million by 2028. The Japan market is estimated to grow at a CAGR of 13.4% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 14.8% during (2022 - 2028).
Based on Component, the market is segmented into Display, Microprocessors, Batteries, Transceivers and Others. Based on Product Type, the market is segmented into Fully Graphic E-paper Displays, LCDs and Segmented E-paper Displays. Based on Communications Technology, the market is segmented into Radio Frequency, Infrared, Near-field Communication and Others. Based on Application, the market is segmented into Retail and Industrial. Based on Display Size, the market is segmented into Less than 3 Inches, 3 to 7 Inches, 7 to 10 Inches and More than 10 Inches. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Electronic Shelf Labels Market is Projected to reach USD 2.7 Billion by 2028, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SES-Imagotag (BOE Technology Group Co., Ltd.), Opticon Sensors Europe B.V., Pricer AB, Displaydata Limited, M2Comm, Rainus Co., Ltd., Shanghai Sunmi Technology Co., Ltd., Hanshow Technology Co. Ltd., Solum Co., Ltd, and Teraoka Seika Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Display
- Microprocessors
- Batteries
- Transceivers
- Others
By Product Type
- Fully Graphic E-paper Displays
- LCDs
- Segmented E-paper Displays
By Communications Technology
- Radio Frequency
- Infrared
- Near-field Communication
- Others
By Application
By Display Size
- Less than 3 Inches
- 3 to 7 Inches
- 7 to 10 Inches
- More than 10 Inches
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- SES-Imagotag (BOE Technology Group Co., Ltd.)
- Opticon Sensors Europe B.V.
- Pricer AB
- Displaydata Limited
- M2Comm
- Rainus Co., Ltd.
- Shanghai Sunmi Technology Co., Ltd.
- Hanshow Technology Co. Ltd.
- Solum Co., Ltd
- Teraoka Seika Co., Ltd.
TABLE 1 Asia Pacific Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Display Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Display Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Microprocessors Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Microprocessors Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Batteries Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Batteries Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Transceivers Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Transceivers Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Fully Graphic E-paper Displays Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Fully Graphic E-paper Displays Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific LCDs Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific LCDs Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Segmented E-paper Displays Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Segmented E-paper Displays Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Radio Frequency Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Radio Frequency Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Infrared Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Infrared Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Near-field Communication Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Near-field Communication Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Retail Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Retail Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Less than 3 Inches Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Less than 3 Inches Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific 3 to 7 Inches Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific 3 to 7 Inches Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific 7 to 10 Inches Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific 7 to 10 Inches Market by Country, 2022 - 2028, USD Million
TABLE 47 Asia Pacific More than 10 Inches Market by Country, 2018 - 2021, USD Million
TABLE 48 Asia Pacific More than 10 Inches Market by Country, 2022 - 2028, USD Million
TABLE 49 Asia Pacific Electronic Shelf Labels Market by Country, 2018 - 2021, USD Million
TABLE 50 Asia Pacific Electronic Shelf Labels Market by Country, 2022 - 2028, USD Million
TABLE 51 China Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 52 China Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 53 China Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 54 China Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 55 China Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 56 China Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 57 China Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 58 China Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 59 China Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 60 China Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 61 China Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 62 China Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 63 Japan Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 64 Japan Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 65 Japan Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 66 Japan Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 67 Japan Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 68 Japan Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 69 Japan Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 70 Japan Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 71 Japan Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 72 Japan Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 73 Japan Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 74 Japan Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 75 India Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 76 India Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 77 India Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 78 India Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 79 India Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 80 India Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 81 India Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 82 India Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 83 India Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 84 India Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 85 India Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 86 India Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 87 South Korea Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 88 South Korea Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 89 South Korea Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 90 South Korea Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 91 South Korea Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 92 South Korea Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 93 South Korea Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 94 South Korea Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 95 South Korea Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 96 South Korea Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 97 South Korea Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 98 South Korea Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 99 Singapore Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 100 Singapore Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 101 Singapore Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 102 Singapore Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 103 Singapore Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 104 Singapore Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 105 Singapore Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 106 Singapore Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 107 Singapore Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 108 Singapore Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 109 Singapore Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 110 Singapore Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 111 Malaysia Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 112 Malaysia Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 113 Malaysia Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 114 Malaysia Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 115 Malaysia Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 116 Malaysia Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 117 Malaysia Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 118 Malaysia Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 119 Malaysia Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 120 Malaysia Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 121 Malaysia Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 122 Malaysia Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 123 Rest of Asia Pacific Electronic Shelf Labels Market, 2018 - 2021, USD Million
TABLE 124 Rest of Asia Pacific Electronic Shelf Labels Market, 2022 - 2028, USD Million
TABLE 125 Rest of Asia Pacific Electronic Shelf Labels Market by Component, 2018 - 2021, USD Million
TABLE 126 Rest of Asia Pacific Electronic Shelf Labels Market by Component, 2022 - 2028, USD Million
TABLE 127 Rest of Asia Pacific Electronic Shelf Labels Market by Product Type, 2018 - 2021, USD Million
TABLE 128 Rest of Asia Pacific Electronic Shelf Labels Market by Product Type, 2022 - 2028, USD Million
TABLE 129 Rest of Asia Pacific Electronic Shelf Labels Market by Communications Technology, 2018 - 2021, USD Million
TABLE 130 Rest of Asia Pacific Electronic Shelf Labels Market by Communications Technology, 2022 - 2028, USD Million
TABLE 131 Rest of Asia Pacific Electronic Shelf Labels Market by Application, 2018 - 2021, USD Million
TABLE 132 Rest of Asia Pacific Electronic Shelf Labels Market by Application, 2022 - 2028, USD Million
TABLE 133 Rest of Asia Pacific Electronic Shelf Labels Market by Display Size, 2018 - 2021, USD Million
TABLE 134 Rest of Asia Pacific Electronic Shelf Labels Market by Display Size, 2022 - 2028, USD Million
TABLE 135 Key Information – SES-Imagotag (BOE Technology Group Co., Ltd.)
TABLE 136 Key Information – Opticon Sensors Europe B.V.
TABLE 137 key information – Pricer AB
TABLE 138 Key Information – Displaydata Limited
TABLE 139 Key Information – M2Comm
TABLE 140 Key Information – RAINUS Co., Ltd.
TABLE 141 Key Information – Shanghai Sunmi Technology Co., Ltd
TABLE 142 Key Information – Hanshow Technology Co. Ltd
TABLE 143 Key Information – Solum Co., Ltd
TABLE 144 Key Information – Teraoka Seika Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: SES-imagotag