PUBLISHER: Allied Market Research | PRODUCT CODE: 1365700
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365700
According to a new report published by Allied Market Research, titled, "LCD shelf label Market," The lcd shelf label market was valued at $387.87 million in 2022, and is estimated to reach $1.5 billion by 2032, growing at a CAGR of 14.5% from 2023 to 2032.
In recent years, the prices of LCD shelf screens have significantly dropped, further driving the adoption of this technology in ESL displays. The reduced costs have made it more feasible for retailers to implement LCD-based solutions, enhancing their overall customer experience and operational efficiency.
A notable example of the advancements in LCD technology is the launch of the 10.1" Zkong Dual Screen LCD Digital Signage by ZKONG in July 2022. This innovative product features two screens that can display different contents simultaneously, offering a unique and captivating visual experience. Supported by a rich library of templates and multi-screen co-display capabilities, the Zkong Dual Screen LCD Digital Signage enables users to bring their creative ideas to life and captivate their audience with engaging and informative displays.
However, the reliance on wireless connectivity for LCD shelf labels acts as a restraint in the market. Retailers must ensure consistent and reliable network coverage throughout their stores to support the seamless operation of the labels. However, achieving adequate coverage can be difficult in large retail environments or areas with limited network availability. The need for extensive network infrastructure and potential limitations in certain locations can increase the complexity and cost of implementing LCD shelf labels. These connectivity and infrastructure requirements may serve as barriers for some retailers, limiting the widespread adoption of this technology in certain market segments or geographical areas.
Despite this constraint, customization and personalization are key factors that have created significant opportunities for the growth of the LCD shelf label market. LCD shelf labels provide retailers with the flexibility to customize and personalize the display and content according to their branding requirements. This level of customization allows retailers to create a consistent and cohesive visual identity across their stores, reinforcing their brand image. Additionally, LCD shelf labels enable retailers to display product information in multiple languages, catering to a diverse customer base and enhancing accessibility. Moreover, personalized offers based on individual customer preferences can be displayed on the labels, creating a more engaging and targeted shopping experience. By leveraging these customization and personalization capabilities, retailers can differentiate themselves in the market, improve customer satisfaction, and ultimately drive sales.
The LCD shelf label market is segmented on the basis of component, display size, communication technology, store type, and region. By component, it is divided into displays, batteries, transceivers, microprocessors, and others. By display size, it is categorized into less than 3-inch, 3-inch to 7-inch, 7-inch to 10-inch, and more than 10-inch. By communication technology, it is segmented into radio frequency, infrared, near field communication, and others. By store type, it is classified into hypermarkets, supermarkets, non-food retail stores, specialty stores, and others. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America, Middle East, and Africa).
The Major companies profiled in the report include: RECHI Retail System Solutions Limited, SES-imagotag, Zkong, Hanshow Technology, ZhSunyco, Highlight, ACLAS, Diebold Nixdorf, Incorporated., Samsung Electro-Mechanics Co Ltd., and Displaydata Limited.
Additional benefits you will get with this purchase are:
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
By component
By display size
By communication technology
By store type