An Electronic shelf label system is a tool used by retailers for displaying product pricing on shelves. These modules will use electronic paper or liquid-crystal display to show the current product price to the customers. ESL systems reduce pricing management labour costs and improve accuracy. E-Paper is currently trending in the electronic shelf label market as it provides clear display and full graphics imaging.
South America Electronic Shelf Market Segments Size and Growth:
South America electronic shelf market size is projected to reach approximately $ 26 m by the end of 2024 with a CAGR close to 14 % from $12 million in 2018 during the forecast timeline 2018-2024. Key parameters prompting the electronic shelf market growth include increased operation efficiency, more cost-efficient, trending retail automation and less time-consuming alternative to paper labels with real-time product positioning. Electronic shelf market not only increase the accuracy and magnifies customer satisfaction and loyalty but also reduce delays or queries about product pricing, loss or profits associated with human errors.
South America Electronic Shelf Market Segment Share:
The South America electronic shelf market was divided based on various parameters. By the type of the product, they are divided into Segmented e-paper ESLs, Full graphic e-paper ESLs, and LCD ESLs. Full-graphic e-paper ESL has the most significant market share due to the growing demand for the price automation. By the type, they are divided into Hyper Markets, Super Markets, and Non-Food Retail Stores. Hypermarkets will hold the most significant share due to the presence of grocery stores, department stores, and discount stores. By the components, they are divided into RF Communication, Near Field communication, IR Communication, and Visible light communication. Among them Near Field Communication is expected to have the most extensive market. It uses a set of protocols that enables electronic devices to establish communication with each other by getting the devices together. By the Geography, Brazil is expected to have the most extensive market due to rise in middle-class population.
South America Electronic Shelf Market Trends:
South America Electronic Shelf Market Research Report Includes:
Starting from $2700
Starting from $2700
Starting from $2700
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