South America Electronic Shelf Label Market
No. of Pages: 119 | Report Code: TIPRE00018140 | Category: Electronics and Semiconductor
No. of Pages: 119 | Report Code: TIPRE00018140 | Category: Electronics and Semiconductor
Retailers use the electronic shelf label system for displaying product pricing on shelves. This system has benefits such as product pricing are automatically updated whenever a price is changed from a central control server. Hence its gaining popularity and boosting the need for the SAM electronic shelf label market. The rising number of the supermarket, specialty store, and hypermarket are raising demand for the SAM electronic shelf label market. Large infrastructural developments in Latin America has resulted in the growth of the commercial complexes, shopping malls, hospitals, hypermarkets, non-food retail stores, supermarkets, etc. These developments are anticipated to flourish the growth of ESL solutions in the forecast period. The fast-growing consumer goods market across the SAM 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. Some of the factors stimulating the SAM market for electronic shelf labels include an increasing number of supermarkets, malls, stores, and others, reducing labor availability and trending retail automation demands
Furthermore, in case of COVID-19, SAM is highly affected specially the Brazil. To control the spread of virus across SAM region, measures have been taken by the respective government bodies of countries to avoid social distancing. Therefore, lockdown have been imposed quickly covering colleges, companies, and factories which has affected the SAM electronic shelf label market also. The covid-19 pandemic has led to the closure of all economic activities across the region, in order to combat the spread of the virus. This situation of lockdown has adversely affected the retail industry across the region, thereby leading to complete shutdown of retail outlets which has directly affected the SAM electronic shelf label market. This has shifted consumer preference and according to studies, this shift is also expected to prevail post pandemic situation. This is thus expected to negatively affect the adoption of electric shelf label market over the forecast period across SAM region.
Strategic insights for the South America Electronic Shelf Label provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 10.3 Million |
| Market Size by 2027 | US$ 38.3 Million |
| Global CAGR (2020 - 2027) | 18.3 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Components
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Electronic Shelf Label refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The SAM electronic shelf label market is expected to grow from US$ 10.3 million in 2019 to US$ 38.3 million by 2027; it is estimated to grow at a CAGR of 18.3 % from 2020 to 2027. Increase in the use of IoT within retail industry is expected to upsurge the SAM electronic shelf label market. In the era of continuous technological development, automation is gaining high momentum in the retail industry. Automation in the retail industry has benefitted retailers on a large scale by reducing human errors. The retail industry is focusing on lowering total operational costs by removing manual operations in stores related to stock, changing prices, and more. Therefore, the demand for automation solutions throughout the retail industry is rising. Henceforth, the concept of automation also includes the utilization of ESLs in retail stores with an aim to eliminate the maximum percentage of manual tasks, which will help in lowering overheads. With the growth in brick and mortar stores owing to the rise in population growth, the retail stores are expanding across SAM region. The retail stores such as supermarkets, hypermarkets, and specialty stores are growing across the SAM region; therefore, deployment of ESL in respective stores is anticipated to increase. Moreover, the implementation of digital price tags within retail stores facilitates dynamic and Omni channel pricing. Thus, the features mentioned above help in boosting the adoption of ESLs among retail stores, thereby driving the SAM electronic shelf label market.
In terms of components, the displays segment accounted for the largest share of the SAM electronic shelf label market in 2019. In terms of product type, the LCD ESL segment held a larger market share of the SAM electronic shelf label market in 2019. Similarly, in terms of store type, the hypermarkets segment held a larger market share of the SAM electronic shelf label market in 2019. Further, the radio frequency segment held a larger share of the SAM electronic shelf label market based on communication technology in 2019.
A few major primary and secondary sources referred to for preparing this report on the SAM electronic shelf label market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Diebold Nixdorf, Incorporated; Displaydata Limited; Opticon Sensors Europe B.V.; Pricer AB; Samsung Electro-Mechanics Co., Ltd.; Teraoka Seiko Co., Ltd.
Some of the leading companies are:
The South America Electronic Shelf Label Market is valued at US$ 10.3 Million in 2019, it is projected to reach US$ 38.3 Million by 2027.
As per our report South America Electronic Shelf Label Market, the market size is valued at US$ 10.3 Million in 2019, projecting it to reach US$ 38.3 Million by 2027. This translates to a CAGR of approximately 18.3 % during the forecast period.
The South America Electronic Shelf Label Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Electronic Shelf Label Market report:
The South America Electronic Shelf Label Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Electronic Shelf Label Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Electronic Shelf Label Market value chain can benefit from the information contained in a comprehensive market report.
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