The global LCD electronic shelf label market is expected to grow at a significant CAGR during the forecast period (2023-2029). The major factors propelling the growth of the global LCD electronic shelf label market include the rising automation in the retail industry. Furthermore, the need for a more cost-effective and time-saving alternative to paper labels will propel the growth of the market during the forecast period. Additionally, the growth of the market is attributed to the application of electronic shelf labels by increasing operational efficiency and allowing for real-time product placement.
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In the retail sector, NFC technology substantially enhances traditional LCD electronic shelf labels that display the price and make stock management easier by allowing price changes at any time. Customers’ interactions are simplified by a single touch on an NFC-enabled smartphone. Due to its fast speed and greater control over information, the majority of customers prefer NFC technology to other digital advances such as QR codes and Bluetooth beacons.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global LCD Electronic Shelf Label Market by Segments
By Component
- Displays
- Batteries
- Transceivers
- Microprocessors
- Others
By Display Size
- Less than 3 inches
- 3 to 7 inches
- 7 to 10 inches
- More than 10 inches
By Communication Technology
- Radio Frequency
- Infrared
- Near-field Communication
- Others
By End-User
- Retail (Hypermarkets, Supermarkets, Non-food retail stores, Specialty Stores, Others)
- Industrial
Global LCD Electronic Shelf Label Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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