South & Central America Electronic Shelf Label Market Forecast to 2030
South & Central America Electronic Shelf Label Market Forecast to 2030 – Regional Analysis – by Components (Hardware, Software, and Services), Hardware (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)
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Description
Emergence of Battery-Free Solutions Fuels South & Central America Electronic Shelf Label Market
Wireless data transmission helps ESLs to improve efficiency and speed while also reducing errors caused by changing prices. The application of ESLs can also be extended to factory/warehouse logistics and smart inventory management. Therefore, for ESL applications in several locations, besides its common black & white dual-color ePaper, many companies such as E Ink have created a low-temperature ePaper and triple-color ePaper. The low-temperature ePaper is appropriate for freezers, whereas the triple-color ePaper is designed for promotional or concessional markings. The triple-color ePaper has a combination of black, white & yellow, and black, white & red. In addition to recent launches, low voltage-driven ESL solutions are also included. In comparison to wireless transmission, which is required in large-scale malls, the new battery-free solution does not require any interior decoration to be modified or any hardware installation, which makes it ideal for small shops. Only a single mobile phone equipped with the NFC feature is required to update label content anytime.
In the current market scenario, demand for better connectivity and battery-free solutions in the logistics and retail sectors is high. Therefore, developers of ESLs aim to continue to invest in more Energy Harvesting technology for ePaper. Such investment would magnify the applications of ESL and fuel its market growth. A few of the battery-free ESL product launches are mentioned as, In June 2023, Ambient Photonics partnered with E Ink to develop next-generation electronic shelf labels (ESLs) that will transform ESLs from programmable price displays into connected battery-free devices with expanded functionality. In January 2020, Ossia Inc. launched the first ever wirelessly powered, battery-free, wire-free electronic shelf label (ESL) system to eliminate the maintenance of battery replacements and the environmental impact of battery disposal. In December 2022, Powercast Corporation and KYOCERA AVX partnered to develop sustainable, battery-free solutions with the ability to harvest power from RFID readers to power ESLs, RFID Sensor Tags, and other battery-free IoT devices.
South & Central America Electronic Shelf Label Market Overview
Brazil, Argentina, and Rest of South & Central America are the major contributors to the overall growth of the South & Central America region. Several countries in South & Central America are substantially adopting various technologies to ease and overcome different challenges faced by the population in respective countries. The fast-growing consumer goods market across the South America is getting more fragmented as the retailers respond to consumer demand for convenience. The shoppers in the region are more willing to try new retail formats in their quest to get most from their grocery budgets. Owing to this, the channel structure in the region is changing rapidly. In the past few years, the number of supermarkets increased in the region and has observed the fastest growth in food demand. Having significant penetrated in the food retail sector, the supermarkets have triggered an upstream transformation of vegetables and fruits marketing system. On the other hand, the grocery retail sales per capita are considerably lower in the region when compared to the developed markets. This is partly due to lower purchasing power but also due to the occurrence of informal grocery retail, such as street vendors and informal markets. Walmart is the largest grocery retailer in the region. It operates a widespread variety of banners across South America, comprising hypermarkets, discounters, and supermarkets, in addition to its internet retailing operations and warehouse clubs. While ESL is already broadly used by retail stores in the Europe, US, and China, the ESL solutions with ePaper displays are expected to be progressively introduced in Southeast Asia and South America as well. Thus, the growing number of retail stores year-on-year and advent of advanced solutions are anticipated to increase the implementation of ESL solutions in the coming years. Further, Argentina is concentrating on attracting FDIs by taking several initiatives such as easing import restrictions, signing international bilateral agreements, no restriction on foreign investment and other such initiatives. Such initiatives are expected to help in the development of businesses in the South American region.
South & Central America Electronic Shelf Label Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Electronic Shelf Label Market Segmentation
The South & Central America electronic shelf label market is segmented into component, product type, store type, communication technology, and country.
Based on component, the South & Central America electronic shelf label market is bifurcated into hardware and software & services. The hardware segment held a larger share of the South & Central America electronic shelf label market in 2022. The hardware segment is further subsegmented into displays, batteries, transceivers, microprocessors, and others.
In terms of product type, the South & Central America electronic shelf label market is bifurcated into E-paper based ESL and LCD ESL. The E-paper segment held a larger share of the South & Central America electronic shelf label market in 2022.
Based on store type, the South & Central America electronic shelf label market is segmented into hypermarkets, supermarkets, specialty stores, non-food retail stores, and others. The hypermarkets segment held the largest share of the South & Central America electronic shelf label market in 2022.
In terms of communication technology, the South & Central America electronic shelf label market is segmented into radio frequency, near field communication, infrared, and others. The radio frequency segment held the largest share of the South & Central America electronic shelf label market in 2022
Based on country, the South & Central America electronic shelf label market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America electronic shelf label market in 2022.
LabelNest; Panasonic Holdings Corp; Opticon Sensors Europe BV; Diebold Nixdorf, Incorporated; and Pricer AB are some of the leading companies operating in the South & Central America electronic shelf label market.
Summary Info
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According to the Research Team research, the South & Central America electronic shelf label market was valued at US$ 50.45 million in 2022 and is expected to reach US$ 148.94 million by 2030, registering a CAGR of 14.5% from 2022 to 2030. Integration of industry 4.0 for automation and smart management, growth in supermarket/hypermarkets, and rise in strategic initiatives by market stakeholders are among the critical factors attributed to the South & Central America electronic shelf label market expansion.
To increase mature technology for smart retailing applications, price labeling and merchandise management in retail stores can depend on ESLs to have real-time updates. In comparison to traditional paper tags, ESLs have reduced the occurrence of pricing errors while supporting stores to get a fast response mechanism for price changes. ESLs can be accessed wirelessly and remotely to achieve access to the massive quantity of data to ensure inventory management. Also, these are configured to send automatic notices when specific products are reaching near their expiration dates. Therefore, as a primary solution for information display and product pricing, ESLs are perfectly aligned with Industry 4.0 for automation and smart management.
IoT applications in ESLs are facilitating a user in carrying out real-time updates. Industry 4.0 would assist the retail sector in having predictive analytics and real-time information, which will raise the steps of planning and allocation to the next level. As customer expectations are dynamic, the retail industry is looking forward to using Industry 4.0 to embrace growing business models, digitization, and value chains, which will further fuel the adoption of ESL solutions and propel market growth.
On the contrary, disadvantages of ESL hamper the South & Central America electronic shelf label market.
Based on component, the South & Central America electronic shelf label market is bifurcated into hardware and software & services. The hardware segment held 78.6% share of South & Central America electronic shelf label market in 2022, amassing US$ 39.65 million. It is projected to garner US$ 118.32 million by 2030 to expand at 14.6% CAGR during 2022-2030. The hardware segment is further subsegmented into displays, batteries, transceivers, microprocessors, and others.
In terms of product type, the South & Central America electronic shelf label market is categorized into E-paper based ESL and LCD ESL. The E-paper based ESL segment held 52.9% share of South & Central America electronic shelf label market in 2022, amassing US$ 26.68 million. It is projected to garner US$ 85.13 million by 2030 to expand at 15.6% CAGR during 2022-2030.
Based on store type, the South & Central America electronic shelf label market is segmented into hypermarkets, supermarkets, specialty stores, non-food retail stores, and others. The hypermarkets segment held 40.3% share of South & Central America electronic shelf label market in 2022, amassing US$ 20.34 million. It is projected to garner US$ 63.87 million by 2030 to expand at 15.4% CAGR during 2022-2030.
In terms of communication technology, the South & Central America electronic shelf label market is categorized into radio frequency, near field communication, infrared, and others. The radio frequency segment held 53.1% share of South & Central America electronic shelf label market in 2022, amassing US$ 26.80 million. It is projected to garner US$ 83.86 million by 2030 to expand at 15.3% CAGR during 2022-2030.
By country, the South & Central America electronic shelf label market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 58.4% share of South & Central America electronic shelf label market in 2022. It was assessed at US$ 29.47 million in 2022 and is likely to hit US$ 92.00 million by 2030, exhibiting a CAGR of 15.3% during 2022-2030.
Key players operating in the South & Central America electronic shelf label market are LabelNest; Panasonic Holdings Corp; Opticon Sensors Europe BV; Diebold Nixdorf, Incorporated; and Pricer AB, among others.
In September-2021, Opticon and Nowi collaborated on new Electronic Shelf Label solutions for improved in-store customer experience and as a sustainable alternative to traditional smart retail systems.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America electronic shelf label market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Electronic Shelf Label Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. South & Central America Electronic Shelf Label Market – Key Industry Dynamics
5.1 South & Central America Electronic Shelf Label Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rapid Adoption of Game-Changing Technologies Across Retail-Value Chain
5.2.2 Growth in Supermarket/Hypermarkets
5.2.3 Rise in Strategic Initiatives by Market Stakeholders
5.3 Market Restraints
5.3.1 High Capital Expenditure Value
5.3.2 Disadvantages of ESL
5.4 Market Opportunities
5.4.1 Integration of Industry 4.0 for Automation and Smart Management
5.4.2 Advent of 5G Technology
5.5 Future Trends
5.5.1 Emergence of Battery-Free Solutions
5.6 Impact of Drivers and Restraints:
6. Electronic Shelf Label Market – South & Central America Market Analysis
6.1 Electronic Shelf Label Market Revenue (US$ Million), 2022 – 2030
6.2 Electronic Shelf Label Market Forecast and Analysis
7. South & Central America Electronic Shelf Label Market Analysis – Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
7.1.3 Displays
7.1.3.1 Overview
7.1.3.2 Displays Market, Revenue and Forecast to 2030 (US$ Million)
7.1.4 Transceivers
7.1.4.1 Overview
7.1.4.2 Transceivers Market, Revenue and Forecast to 2030 (US$ Million)
7.1.5 Microprocessors
7.1.5.1 Overview
7.1.5.2 Microprocessors Market, Revenue and Forecast to 2030 (US$ Million)
7.1.6 Batteries
7.1.6.1 Overview
7.1.6.2 Batteries Market, Revenue and Forecast to 2030 (US$ Million)
7.1.7 Others
7.1.7.1 Overview
7.1.7.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Software and Services
7.2.1 Overview
7.2.2 Software and Services Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Electronic Shelf Label Market Analysis – Product Type
8.1 E-Paper Based ESL
8.1.1 Overview
8.1.2 E-Paper Based ESL Market, Revenue and Forecast to 2030 (US$ Million)
8.2 LCD ESL
8.2.1 Overview
8.2.2 LCD ESL Market, Revenue and Forecast to 2030 (US$ Million)
9. South & Central America Electronic Shelf Label Market Analysis – Store Type
9.1 Hypermarkets
9.1.1 Overview
9.1.2 Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Supermarkets
9.2.1 Overview
9.2.2 Supermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Specialty Stores
9.3.1 Overview
9.3.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Non-Food Retail Stores
9.4.1 Overview
9.4.2 Non-Food Retail Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. South & Central America Electronic Shelf Label Market Analysis – Technology
10.1 Radio Frequency
10.1.1 Overview
10.1.2 Radio Frequency Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Near Field Communication
10.2.1 Overview
10.2.2 Near Field Communication Market Revenue, and Forecast to 2030 (US$ Million)
10.3 Infrared
10.3.1 Overview
10.3.2 Infrared Market Revenue, and Forecast to 2030 (US$ Million)
10.4 Others
10.4.1 Overview
10.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
11. South & Central America Electronic Shelf Label Market – Country Analysis
11.1 South & Central America: Electronic Shelf Label Market
11.1.1 South & Central America: Electronic Shelf Label Market, By Key Country – Revenue 2022 (US$ Million)
11.1.2 South & Central America: Electronic Shelf Label Market, by Key Country
11.1.2.1 Brazil: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.1.1 Brazil: Electronic Shelf Label Market, by Component
11.1.2.1.1.1 Brazil: Electronic Shelf Label Market, by Hardware
11.1.2.1.2 Brazil: Electronic Shelf Label Market, by Product Type
11.1.2.1.3 Brazil: Electronic Shelf Label Market, by Store Type
11.1.2.1.4 Brazil: Electronic Shelf Label Market, by Technology
11.1.2.2 Argentina: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.2.1 Argentina: Electronic Shelf Label Market, by Component
11.1.2.2.1.1 Argentina: Electronic Shelf Label Market, by Hardware
11.1.2.2.2 Argentina: Electronic Shelf Label Market, by Product Type
11.1.2.2.3 Argentina: Electronic Shelf Label Market, by Store Type
11.1.2.2.4 Argentina: Electronic Shelf Label Market, by Technology
11.1.2.3 Rest of South & Central America: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
11.1.2.3.1 Rest of South & Central America: Electronic Shelf Label Market, by Component
11.1.2.3.1.1 Rest of South & Central America: Electronic Shelf Label Market, by Hardware
11.1.2.3.2 Rest of South & Central America: Electronic Shelf Label Market, by Product Type
11.1.2.3.3 Rest of South & Central America: Electronic Shelf Label Market, by Store Type
11.1.2.3.4 Rest of South & Central America: Electronic Shelf Label Market, by Technology
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 LabelNest
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Panasonic Holdings Corp
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Opticon Sensors Europe BV
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Diebold Nixdorf, Incorporated
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Pricer AB
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Electronic Shelf Label Market Segmentation
Table 2. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) – Component
Table 4. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) -Product Type
Table 5. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) – Store Type
Table 6. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) – Technology
Table 7. Brazil: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 8. Brazil: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 9. Brazil: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 10. Brazil: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 11. Brazil: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 12. Argentina: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 13. Argentina: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 14. Argentina: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 15. Argentina: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 16. Argentina: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of South & Central America: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of South & Central America: Electronic Shelf Label Market, by Hardware – Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of South & Central America: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 20. Rest of South & Central America: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 21. Rest of South & Central America: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Electronic Shelf Label Market Segmentation, By Country
Figure 2. Ecosystem: Electronic Shelf Label Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Electronic Shelf Label Market Revenue (US$ Million), 2022 – 2030
Figure 5. Electronic Shelf Label Market Share (%) – Component, 2022 and 2030
Figure 6. Hardware Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Displays Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Transceivers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Microprocessors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Batteries Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Software and Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Electronic Shelf Label Market Share (%) – Product Type, 2022 and 2030
Figure 14. E-Paper Based ESL Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. LCD ESL Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Electronic Shelf Label Market Share (%) – Store Type, 2022 and 2030
Figure 17. Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Supermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Non-Food Retail Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Electronic Shelf Label Market Share (%) – Technology, 2022 and 2030
Figure 23. Radio Frequency Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Near Field Communication Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Infrared Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. South & Central America: Electronic Shelf Label Market, By Key Country – Revenue 2022 (US$ Million)
Figure 28. South & Central America: Electronic Shelf Label Market Revenue Share, by Key Country (2022 and 2030)
Figure 29. Brazil: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 30. Argentina: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
Figure 31. Rest of South & Central America: Electronic Shelf Label Market – Revenue, and Forecast to 2030 (US$ Million)
The List of Companies – South & Central America Electronic Shelf Label Market
1. LabelNest
2. Panasonic Holdings Corp
3. Opticon Sensors Europe BV
4. Diebold Nixdorf, Incorporated
5. Pricer AB
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