The Latin America, Middle East and Africa Electronic Shelf Labels Market would witness market growth of 19.4% CAGR during the forecast period (2022-2028).
The market for electronic shelf labels will have significant development prospects thanks to the developing Internet of Things (IoT) sector. Sensors, actuators, electronics, software, and communication technologies with various standards and applications make up the Internet of Things (IoT). In addition, ioT technology allows seamless device connectivity, enabling effective server-based central management.
Big market merchants may use the advantages provided by IoT-based ESLs to quickly and effectively modify the product price across a chain of shops in various locations by employing a single piece of software. The worldwide e-commerce market's expansion will help IoT-based ESLs become more widespread. Online merchants often use IoT-enabled ESLs to synchronize product pricing across e-commerce platforms and storefronts.
The government of the United Arab Emirates, which is the most developed country in this field, places a strong emphasis on the utilization of cutting-edge technological solutions in order to improve the whole retail infrastructure of the country. The region surrounding the Gulf has seen significant expansion in terms of infrastructure, and year after year, the rate of the rapid growth of commercial infrastructures continues to increase rapidly. Due to the fact that these nations place a considerable emphasis on tourism, their commercial infrastructure plays an extremely important role in the overall economy. These elements would support the growth of the regional market.
The Brazil market dominated the LAMEA Electronic Shelf Labels Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $62.5 Million by 2028. The Argentina market is experiencing a CAGR of 20% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 19% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
By Component
By Product Type
By Communications Technology
By Application
By Display Size
By Country
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